1WOOD Residence Phase 2 By Object 1

Key facts

Handover

Q4 2027

Status

Under construction

Ownership

freehold

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

1WOOD Residence Phase 2 By Object 1 sits in 1WOOD Residence.

Master plan

The developer’s own site plan for 1WOOD Residence Phase 2 By Object 1, showing how the buildings, roads and open space sit together.

How 1WOOD Residence Phase 2 By Object 1 compares

Entry here is AED 788,117, against a median of AED 711,627 across the 2 priced projects in 1WOOD Residence, the highest entry price in the community. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q4 2027, alongside 250 other projects completing in the same quarter. Object 1 has 36 projects in our catalogue, 2 of them in 1WOOD Residence.

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 20% on booking, 40% during construction and 40% at handover. The 40% due during construction falls in four instalments of 10%. At the AED 788,117 entry price, that is AED 158,000 to reserve a unit, AED 315,000 across the build, and AED 315,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 32,000 at this entry price. That 20% booking payment does not go to Object 1 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 397 square feet at AED 788,117, which works out at AED 1,985 per square foot. Stated sizes run from 397 to 2,018 square feet.

Ownership and residency

1WOOD Residence Phase 2 By Object 1 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.

Who it suits

The development is apartments in studio to 3 bedroom layouts. studios start at AED 788,117 and 3 bedroom units at AED 1,842,253, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for 1WOOD Residence Phase 2 By Object 1 are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 19 floor plans are published for it.

Frequently asked