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1 Residences — Premium Ready Apartments in Al Kifaf by Wasl Development

1 Residences is a completed residential development by Wasl Development in Al Kifaf, offering one-bedroom apartments priced between AED 1,900,000 and AED 8,000,000 — delivered in Q3 2022. Wasl Development is the real estate development arm of Wasl Asset Management Group — a major Dubai government-related asset management organisation with a multi-billion dirham portfolio of residential, commercial, and hospitality properties across Dubai. Al Kifaf is one of Dubai's most strategically positioned inner-city neighbourhoods — adjacent to Zabeel Park, within 10 minutes of Downtown Dubai, DIFC, and Business Bay, and situated along the Sheikh Zayed Road urban corridor that defines modern Dubai's commercial and cultural spine. The name "1 Residences" signals the building's positioning at the apex of its address context — the premier residential offering at an inner-city location that provides the ultimate urban Dubai convenience without the crowds and density of Downtown itself.

TL;DR Snapshot

| Feature | Detail | |---|---| | Project | 1 Residences | | Developer | Wasl Development | | Location | Al Kifaf, Dubai | | Status | Ready — Completed Q3 2022 | | Unit Types | 1-Bedroom Apartments | | Price Range | AED 1,900,000 – AED 8,000,000 | | Views | Community View |

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Wasl Development: Dubai's Government-Related Property Authority

Wasl Asset Management Group — the entity behind Wasl Development — is one of Dubai's most significant government-related real estate organisations, managing a portfolio of thousands of residential and commercial properties across the emirate under a mandate aligned with Dubai's urban development vision. Wasl Properties manages one of the largest real estate portfolios in Dubai, providing the operational depth, institutional quality standards, and post-delivery management capabilities that distinguish government-related developers from privately funded alternatives.

Government-Related Developer Credentials:

Financial Security: Wasl's government-related status provides the financial backing that protects buyers from completion risk and management disruption — an institutional certainty that privately funded developers cannot match at equivalent scale.

Institutional Property Management: An organisation that manages thousands of Dubai properties operates property management as a core operational competency rather than an afterthought. 1 Residences benefits from Wasl's institutional management infrastructure — maintenance protocols, tenant management systems, and service responsiveness developed across decades of portfolio management.

Track Record Across Market Cycles: Wasl's extensive Dubai portfolio has operated through multiple market cycles, government policy changes, and economic environments — demonstrating the operational resilience and quality consistency that protects both owner values and tenant satisfaction over the long term.

Alignment with Dubai's Residential Vision: As a government-related entity, Wasl's development decisions align with Dubai's long-term urban planning vision — ensuring that 1 Residences' location, connectivity, and community positioning reflect genuine long-term value rather than opportunistic site selection.

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Al Kifaf: Premium Inner-City Living at Zabeel's Edge

Al Kifaf is a sub-district within the greater Zabeel area — one of Dubai's most advantageously positioned inner-city residential zones, combining the green belt of Zabeel Park with the commercial district access of Sheikh Zayed Road and the cultural richness of the city's southern downtown corridor.

Zabeel Park: Green Belt at the Doorstep Zabeel Park — covering over 47 hectares — is one of Dubai's most loved urban parks, providing:

• Extensive green space and landscaped gardens for daily outdoor recreation
• Walking and jogging paths for active lifestyle residents
• Dubai Frame — one of Dubai's most distinctive architectural landmarks — within the park
• The Zabeel Palace grounds creating a buffer of protected, permanently green land
• Seasonal events and cultural programming throughout the year

For 1 Residences residents, Zabeel Park provides the outdoor lifestyle access that urban living typically sacrifices — morning runs, evening walks, weekend picnics, and the psychological wellbeing of green space within minutes of the front door.

Dubai Frame: Zabeel's Iconic Landmark The Dubai Frame — a 150-metre tall rectangular structure straddling the Old Dubai/New Dubai divide — is located within Zabeel Park, minutes from 1 Residences. This landmark provides both a visual anchor for the neighbourhood and an observation deck with panoramic city views available to residents as a local attraction.

Sheikh Zayed Road Corridor Proximity: Al Kifaf's adjacency to Sheikh Zayed Road provides:

• 10 minutes to Downtown Dubai (Burj Khalifa, Dubai Mall, Dubai Opera)
• 10 minutes to DIFC (Dubai International Financial Centre)
• 15 minutes to Business Bay's commercial cluster
• Metro access points within short driving distance
• 20 minutes to Dubai International Airport
• Direct arterial road access to all Dubai employment zones

For professionals who work anywhere from Dubai Marina to DIFC, Al Kifaf's central position minimises commute times in virtually every direction — a structural advantage that more suburban addresses cannot claim.

DIFC and Financial District Access: For finance, legal, and professional services professionals employed in DIFC, Al Kifaf is among Dubai's most conveniently positioned residential alternatives. A 10-minute road journey or metro-connected commute to DIFC's towers means that professional commitments and residential quality are not in competition — the inner-city location enables both.

Dubai Healthcare City Proximity: One of the world's largest dedicated healthcare clusters is within 15 minutes — creating professional residential demand from the substantial medical professional community employed at hospitals, specialist clinics, and healthcare management organisations in the area.

Al Wasl Road and Jumeirah Access: Al Kifaf's position also provides easy access to Al Wasl Road and the broader Jumeirah residential and dining corridor — enabling weekend access to beach clubs, waterfront dining, and the leisure infrastructure of Dubai's most established coastal residential zone.

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1 Residences: Specialist 1-Bedroom Premium Proposition

The deliberate 1-bedroom specialisation of 1 Residences reflects a focused development philosophy — rather than offering diluted quality across a broad unit mix, Wasl Development concentrated on delivering the 1BR product at the highest possible specification quality for the building's target demographic.

Premium to Ultra-Premium Range: The AED 1,900,000–8,000,000 price spread within a single unit type category indicates substantial variation in scale and specification across the collection:

Entry-Level Premium 1BR (AED 1.9M–3M): Well-specified single-bedroom apartments for professional owner-occupiers and investors targeting the senior professional rental market. Current Al Kifaf area premium 1BR rents: AED 95,000–130,000 per annum.

Mid-Premium 1BR (AED 3M–5.5M): Larger-format or higher-floor units with potentially premium views, expanded floor plates, or upgraded specification throughout. Rents: AED 130,000–200,000 per annum.

Ultra-Premium 1BR (AED 5.5M–8M): Potentially penthouse, duplex, or flagship single-bedroom configurations — boutique luxury units appealing to the highest tier of Dubai's professional residential market. At AED 8M for a 1BR, buyers are acquiring a collectible residential asset rather than a standard apartment investment.

The Urban Professional Target: 1 Residences' 1BR focus serves Dubai's most successful professional single and couple demographic — managing directors, partners, hedge fund managers, and senior executives whose income and lifestyle requirements demand inner-city quality without compromise.

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Amenities

| Amenity | Detail | |---|---| | Swimming Pool | Community pool for leisure and fitness | | Gymnasium | Fully equipped fitness centre | | Kids Play Area | Family recreational zone | | 24/7 Security | Manned access control with comprehensive surveillance | | Parking | Dedicated resident parking allocation |

Zabeel Park provides extraordinary supplementary outdoor amenity within immediate access — jogging paths, green space, and the Dubai Frame observation experience as a resident neighbour rather than a tourist destination.

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Location & Drive Times from Al Kifaf

| Destination | Approx. Drive Time | |---|---| | Downtown Dubai / Burj Khalifa | 10 minutes | | DIFC | 10 minutes | | Dubai Mall | 10–15 minutes | | Business Bay | 10–15 minutes | | Zabeel Park / Dubai Frame | 5 minutes walk | | Dubai Healthcare City | 15 minutes | | Dubai International Airport (DXB) | 20 minutes | | Sheikh Zayed Road (SZR) | 5 minutes | | Palm Jumeirah | 20–25 minutes | | Mall of the Emirates | 20–25 minutes |

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Investment Case: 1 Residences

Wasl Government-Related Institutional Quality: Dubai government-related developer ensuring quality assurance, professional building management, and the institutional maintenance standard that protects both asset values and tenant satisfaction over the long term.

Al Kifaf Inner-City Premium: 10 minutes to DIFC and Downtown from an inner-city position adjacent to Zabeel Park — the combination of urban prestige, green park adjacency, and financial district proximity creates a structural rental premium over suburban alternatives at comparable price points.

1-Bedroom Specialist Building: A building entirely dedicated to the 1BR product attracts the highest quality within that segment — professional management, specification decisions, and amenity provision all calibrated for the senior professional demographic rather than compromised by family or budget apartment requirements.

Q3 2022 Ready Asset: Buy and rent immediately — no delivery timeline risk, no construction uncertainty. A 2022-completed building delivers current-generation specification with the rental premium advantage of genuine modernity in a community where many buildings predate 2015.

Contact AiGents Realty for 1 Residences unit availability, current floor plans, rental yield data, and an Al Kifaf investment analysis.