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Ready building · Nakheel

I-03, Al Warsan First

Highlights

I-03 at a glance

About I-03

I-03 is a mixed-use building in Al Warsan First, Dubai, developed by Nakheel. It holds about 73 units: studios, 1-bedroom apartments, commercial units.

The building was completed in 2012 and has been in use for about 14 years. 4 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 480 per sq ft.

I-03 is one of 319 buildings in Al Warsan First: 289 are complete and 13 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Al Warsan First, Dubai
  • Developed by Nakheel
  • Completed in Q1 2012
  • Unit types: Studio, 1 Bed, Commercial
  • Sizes from 370 to 1,070 sq ft
  • Service charge from AED 9.69 per sq ft
الحالة
جاهز
المطور
Nakheel
الموقع
Al Warsan First, Dubai
مكتمل
Q1 2012
أنواع الوحدات
Studio, 1 Bed, Commercial
Prices from
AED 259.0K
متوسط السعر لكل sq ft
AED 480
Median gross yield
11.8%
رسوم الخدمات
AED 10.01 per sq ft (2025)
Nearest metro
International City 1, 2.3 km

Building details

Inside I-03

Properties in I-03

Studios in I-03

There are about 32 of these in I-03, from 470 sq ft. They have recently sold for a median of AED 325.0K, or AED 690 per sq ft. Owners who resold made a median 30% over what they paid.

1-bedroom apartments in I-03

There are about 28 of these in I-03, from 720 to 940 sq ft. They have recently sold for a median of AED 435.0K, or AED 610 per sq ft. Owners who resold made a median 8% over what they paid.

Commercial units in I-03

There are about 13 of these in I-03, from 370 to 1,070 sq ft. None has sold recently enough to quote a price.

Unit types in I-03 with sizes, median prices and rents
نوع الوحدةالوحداتالمساحةالسعر الوسيطMedian rent
استوديو32470 sqft43.7 sqmtAED 325KAED 29K
1 Bed28720 sqft66.9 sqmt – 940 sqft87.3 sqmtAED 435KAED 40.1K
تجاري13370 sqft34.4 sqmt – 1,070 sqft99.4 sqmtلا توجد مبيعات حديثة–

Recent transactions in I-03

  • I-03, Morocco Cluster

    المدينة العالمية

    AED 335K

    AED 707 /sqftAED 7,610 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك3 Aug 2026
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 290K

    AED 612 /sqftAED 6,588 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك2 Jul 2026
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 435K

    AED 608 /sqftAED 6,544 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك17 Feb 2026
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 325K

    AED 686 /sqftAED 7,384 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك12 Nov 2025
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 250K

    AED 527 /sqftAED 5,673 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك5 Aug 2025
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 401.7K

    AED 561 /sqftAED 6,039 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك26 Mar 2025
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 315K

    AED 665 /sqftAED 7,158 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك17 Mar 2025
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 230K

    AED 485 /sqftAED 5,220 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك4 Feb 2025
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 265K

    AED 559 /sqftAED 6,017 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك7 Aug 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 200K

    AED 422 /sqftAED 4,542 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك26 Jul 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 350K

    AED 489 /sqftAED 5,264 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك25 Jun 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 335K

    AED 468 /sqftAED 5,038 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك1 Feb 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 335K

    AED 468 /sqftAED 5,038 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك1 Feb 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 335K

    AED 468 /sqftAED 5,038 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك1 Feb 2024
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 300K

    AED 419 /sqftAED 4,510 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك25 Oct 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 225K

    AED 475 /sqftAED 5,113 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك3 Aug 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 225K

    AED 475 /sqftAED 5,113 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك26 Jun 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 300K

    AED 419 /sqftAED 4,510 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك21 Jun 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 315K

    AED 440 /sqftAED 4,736 /sqmt

    جاهزشقة
    716 sqft66.5 sqmt1 Bedالمالك2 Mar 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 210K

    AED 443 /sqftAED 4,768 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك18 Jan 2023
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 29K/yr

    شقةعقد جديد
    474 sqft44 sqmtاستوديوإلى
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 42K/yr

    شقةعقد جديد
    716 sqft66.5 sqmt1 Bedإلى
  • I-03, Morocco Cluster

    المدينة العالمية

    AED 38.3K/yr

    شقةتجديد
    716 sqft66.5 sqmt1 Bedإلى

Every sale in I-03Every rent contract in I-03

Service charges in I-03

The 2025 service charge in I-03 is AED 10.01 per sq ft for homes, AED 9.69 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in I-03
نوع الوحدةRate per sq ftالمساحةYearly charge
1 Bed Apartment (2025)AED 10.01720 sqft66.9 sqmt – 940 sqft87.3 sqmtAED 7,207 – AED 9,409
تجاري (2025)AED 9.69370 sqft34.4 sqmt – 1,070 sqft99.4 sqmtAED 3,585 – AED 10,368
Studio Apartment (2025)AED 10.01470 sqft43.7 sqmtAED 4,705 – AED 4,705

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around I-03

Transportation near I-03

Stations planned on new lines nearby include International City 1 (blue line, 2.3 km, about 7 min drive) and Dragon Mart (blue line, 2.4 km, about 7 min drive).

  • International City 1Blue line · 2.3 km · about 7 min drive
  • Dragon MartBlue line · 2.4 km · about 7 min drive
  • International City 2Blue line · 2.6 km · about 7 min drive
  • Al WarqaBlue line · 3.4 km · about 9 min drive
  • واحة دبي للسيليكونBlue line · 4.7 km · about 11 min drive
  • Academic CityBlue line · 5.3 km · about 13 min drive

Shopping and groceries near I-03

The closest is Dragon Mart, 1.4 km from I-03 (about 5 min drive).

  • Dragon MartShopping Mall · 1.4 km · about 5 min drive
  • Spinneys / International City, France ClusterSupermarket · 1.6 km · about 5 min drive
  • Lulu Express / France Cluster, International CitySupermarket · 1.8 km · about 6 min drive
  • Century MallShopping Mall · 6.1 km · about 14 min drive
  • Mirdif City CentreShopping Mall · 6.1 km · about 14 min drive

Hospitals and clinics near I-03

The closest is The Osteopathic Health Centre, 6.9 km from I-03 (about 16 min drive).

  • The Osteopathic Health CentreHospital · 6.9 km · about 16 min drive

Parks and leisure near I-03

The closest is Mushrif Park, 6.7 km from I-03 (about 15 min drive).

  • Mushrif ParkPark · 6.7 km · about 15 min drive

Schools near I-03

The nearest is Newlands School, 2.8 km away. Ratings are the KHDA's latest inspection grades.

  • Newlands SchoolUK · KHDA: Good · 2.8 km
  • Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 3 km
  • International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 3.1 km
  • Primus Private School L.L.CIndian · KHDA: Good · 3.2 km
  • Ignite School L.L.CAmerican · KHDA: Acceptable · 3.3 km
  • GEMS Al Khaleej International School - Dubai BranchAmerican - International Baccalaureate · KHDA: Good · 3.3 km

Other buildings in Al Warsan First

Al Warsan First has 319 buildings. A few others to compare I-03 with:

  • 10-02, Al Warsan Firstجاهز

    10-02

    Al Warsan First · Nakheel

    Completed 2012

  • 10-03, Al Warsan Firstجاهز

    10-03

    Al Warsan First · Nakheel

    Completed 2012

  • 10-04, Al Warsan Firstجاهز

    10-04

    Al Warsan First · Nakheel

    Completed 2012

  • 10-06, Al Warsan Firstجاهز

    10-06

    Al Warsan First · Nakheel

    Completed 2012

  • 10-08, Al Warsan Firstجاهز

    10-08

    Al Warsan First · Nakheel

    Completed 2012

  • 10-09, Al Warsan Firstجاهز

    10-09

    Al Warsan First · Nakheel

    Completed 2012

Things to consider about I-03

In its favour

  • Owners who resold have made money: a median gain of up to 30%.
  • A median gross yield of 11.8% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • Completed 14 years ago: ask about maintenance and any planned refurbishment.

الأسئلة الشائعة

I-03: questions answered

I-03 was developed by Nakheel in Al Warsan First.

I-03 is completed in Q1 2012.

Across its 20 most recent registered sales, I-03 sold for a median of AED 480 per sq ft and AED 307.5K per unit.

Recent yearly contracts in I-03 have a median rent of AED 38.3K.

The median gross yield on recently sold units in I-03 is 11.8%: the rent the unit earned over its purchase price, before costs.

The 2025 service charge for residential units in I-03 is AED 10.01 per sq ft a year, as registered with the Dubai Land Department.

I-03 has Studio (470 sq ft), 1 Bed (720 to 940 sq ft), Commercial (370 to 1,070 sq ft).

International City 1 is about 2.3 km from I-03.

The nearest schools include Newlands School (2.8 km), Sharjah American International Private School - Dubai Branch (3 km), International Academic School (3.1 km).

Buying, selling or renting in I-03?

A broker who works Al Warsan First will tell you what is available and what comparable homes went for.

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