The Residences at District One

Key facts

Handover (past)

Q3 2019

Status

Under construction

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• Beach Access
• Well-being and Fitness
• Landscaped Parks
• Gymnasium
• Elegant Lobby
• Restaurants
• Built in Wardrobes
• Kitchen Appliances
• View of Water
• View of Landmark
• Central A/C
• Shared Gym
• Children's Pool
• Children's Play Area
• Barbecue Area
• Pets Allowed
• Balcony
• Private Jacuzzi
• Shared Pool
• Security
• Covered Parking

Location

The Residences at District One sits in The Residences at District One.

Master plan

The developer’s own site plan for The Residences at District One, showing how the buildings, roads and open space sit together.

How The Residences at District One compares

Entry here is AED 1.6M, against a median of AED 1.5M across the 3 priced projects in The Residences at District One, the highest entry price in the community. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. District One has 6 projects in our catalogue, 3 of them in The Residences at District One.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 10% on booking, 50% during construction and 40% at handover. At the AED 1,644,479 entry price, that is AED 164,000 to reserve a unit, AED 822,000 across the build, and AED 658,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 66,000 at this entry price. That 10% booking payment does not go to District One directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 738 square feet at AED 1,644,479, which works out at AED 2,228 per square foot. Stated sizes run from 738 to 1,736 square feet.

Handover and construction

The published handover date, Q3 2019, has passed, and the project is still listed as under construction. No revised date has been published.

Ownership and residency

The Residences at District One is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 2,844,853 and clear it on their own.

Who it suits

The development is apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 1,644,479 and 3 bedroom units at AED 4,428,143, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for The Residences at District One lead with beach access, well-being and fitness, landscaped parks, elegant lobby, built in wardrobes, kitchen appliances, view of water and view of landmark, alongside the gymnasium, restaurants, children's play area, barbecue area, shared pool and security that most Dubai developments carry. 7 further facilities are listed in the full spec. 58 floor plans are published for it.

Frequently asked