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Ready building · Nakheel

O-03, Al Warsan First

Highlights

O-03 at a glance

About O-03

O-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. 8 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 540 per sq ft.

O-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 7.31 per sq ft
  • Centrepoint metro station 7.9 km away
الحالة
جاهز
المطور
Nakheel
الموقع
Al Warsan First, Dubai
مكتمل
Q1 2012
أنواع الوحدات
Studio, 1 Bed, Commercial
Prices from
AED 268.0K
متوسط السعر لكل sq ft
AED 540
Median gross yield
10.7%
رسوم الخدمات
AED 7.48 per sq ft (2018)
Nearest metro
International City 1, 1.3 km

Building details

Inside O-03

Properties in O-03

Studios in O-03

There are about 32 of these in O-03, from 470 sq ft. They have recently sold for a median of AED 315.0K, or AED 660 per sq ft.

1-bedroom apartments in O-03

There are about 28 of these in O-03, from 730 to 930 sq ft. They have recently sold for a median of AED 410.0K, or AED 560 per sq ft. Owners who resold made a median 91% over what they paid.

Commercial units in O-03

There are about 13 of these in O-03, from 370 to 1,070 sq ft. They have recently sold for a median of AED 633.0K, or AED 1,070 per sq ft. Owners who resold made a median 19% over what they paid.

Unit types in O-03 with sizes, median prices and rents
نوع الوحدةالوحداتالمساحةالسعر الوسيطMedian rent
استوديو32470 sqft43.7 sqmtAED 315KAED 27.9K
1 Bed28730 sqft67.8 sqmt – 930 sqft86.4 sqmtAED 410KAED 38.5K
تجاري13370 sqft34.4 sqmt – 1,070 sqft99.4 sqmtAED 633K–

Recent transactions in O-03

  • O-03, Persia Cluster

    المدينة العالمية

    AED 300K

    AED 633 /sqftAED 6,814 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك23 Oct 2026
  • O-03, Persia Cluster

    المدينة العالمية

    AED 410K

    AED 560 /sqftAED 6,028 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك7 Oct 2026
  • O-03, Persia Cluster

    المدينة العالمية

    AED 330K

    AED 696 /sqftAED 7,492 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك29 Jan 2026
  • O-03, Persia Cluster

    المدينة العالمية

    AED 332.3K

    AED 454 /sqftAED 4,887 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك17 Apr 2025
  • O-03, Persia Cluster

    المدينة العالمية

    AED 315K

    AED 665 /sqftAED 7,158 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك11 Mar 2025
  • O-03, Persia Cluster

    المدينة العالمية

    AED 300K

    AED 633 /sqftAED 6,814 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك27 Feb 2025
  • O-03, Persia Cluster

    المدينة العالمية

    AED 330K

    AED 451 /sqftAED 4,855 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك26 Feb 2025
  • O-03, Persia Cluster

    المدينة العالمية

    AED 215K

    AED 587 /sqftAED 6,318 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك27 Jan 2025
  • O-03, Persia Cluster

    المدينة العالمية

    AED 380K

    AED 519 /sqftAED 5,586 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك20 Dec 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 315K

    AED 665 /sqftAED 7,158 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك22 Nov 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 287K

    AED 605 /sqftAED 6,512 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك7 Aug 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 283K

    AED 597 /sqftAED 6,426 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك5 Aug 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 235K

    AED 496 /sqftAED 5,339 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك15 Jul 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 220K

    AED 464 /sqftAED 4,994 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك4 Jan 2024
  • O-03, Persia Cluster

    المدينة العالمية

    AED 224K

    AED 473 /sqftAED 5,091 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك21 Aug 2023
  • O-03, Persia Cluster

    المدينة العالمية

    AED 210K

    AED 443 /sqftAED 4,768 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك13 Jun 2023
  • O-03, Persia Cluster

    المدينة العالمية

    AED 210K

    AED 443 /sqftAED 4,768 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك11 Jan 2023
  • O-03, Persia Cluster

    المدينة العالمية

    AED 270K

    AED 570 /sqftAED 6,135 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك21 Dec 2022
  • O-03, Persia Cluster

    المدينة العالمية

    AED 200K

    AED 422 /sqftAED 4,542 /sqmt

    جاهزشقة
    474 sqft44 sqmtاستوديوالمالك20 Dec 2022
  • O-03, Persia Cluster

    المدينة العالمية

    AED 312K

    AED 426 /sqftAED 4,585 /sqmt

    جاهزشقة
    732 sqft68 sqmt1 Bedالمالك19 Oct 2022
  • O-03, Persia Cluster

    المدينة العالمية

    AED 24.8K/yr

    شقةعقد جديد
    474 sqft44 sqmtاستوديوإلى
  • O-03, Persia Cluster

    المدينة العالمية

    AED 31K/yr

    شقةتجديد
    474 sqft44 sqmtاستوديوإلى
  • O-03, Persia Cluster

    المدينة العالمية

    AED 38K/yr

    شقةتجديد
    732 sqft68 sqmt1 Bedإلى
  • O-03, Persia Cluster

    المدينة العالمية

    AED 39K/yr

    شقةعقد جديد
    732 sqft68 sqmt1 Bedإلى

Every sale in O-03Every rent contract in O-03

Service charges in O-03

The 2018 service charge in O-03 is AED 7.48 per sq ft for homes, AED 7.31 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 O-03
نوع الوحدةRate per sq ftالمساحةYearly charge
1 Bed Apartment (2018)AED 7.48730 sqft67.8 sqmt – 930 sqft86.4 sqmtAED 5,460 – AED 6,956
تجاري (2018)AED 7.31370 sqft34.4 sqmt – 1,070 sqft99.4 sqmtAED 2,705 – AED 7,822
Studio Apartment (2018)AED 7.48470 sqft43.7 sqmtAED 3,516 – AED 3,516

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

Nearby amenities

Around O-03

Transportation near O-03

The nearest Dubai Metro station from O-03 is Centrepoint (red line, 7.9 km, about 18 min drive). Stations planned on new lines nearby include International City 1 (blue line, 1.3 km, about 5 min drive) and International City 2 (blue line, 1.7 km, about 5 min drive). Most residents will drive or take a taxi to the metro.

  • International City 1Blue line · 1.3 km · about 5 min drive
  • International City 2Blue line · 1.7 km · about 5 min drive
  • Dragon MartBlue line · 1.9 km · about 6 min drive
  • Al WarqaBlue line · 3.3 km · about 9 min drive
  • واحة دبي للسيليكونBlue line · 4 km · about 10 min drive
  • Auto MarketBlue line · 4.8 km · about 12 min drive

Shopping and groceries near O-03

The closest is Spinneys / International City, France Cluster, 0.6 km from O-03 (about 7 min walk).

  • Spinneys / International City, France ClusterSupermarket · 0.6 km · about 7 min walk
  • Lulu Express / France Cluster, International CitySupermarket · 0.7 km · about 8 min walk
  • Dragon MartShopping Mall · 1.7 km · about 5 min drive
  • Spinneys / Dubai Silicon OasisSupermarket · 6 km · about 14 min drive
  • Mirdif City CentreShopping Mall · 6.1 km · about 14 min drive

Hospitals and clinics near O-03

The closest is The Osteopathic Health Centre, 7.2 km from O-03 (about 16 min drive).

  • The Osteopathic Health CentreHospital · 7.2 km · about 16 min drive

Parks and leisure near O-03

The closest is Mushrif Park, 7.2 km from O-03 (about 16 min drive).

  • Mushrif ParkPark · 7.2 km · about 16 min drive

Schools near O-03

The nearest is Newlands School, 2.3 km away. Ratings are the KHDA's latest inspection grades.

  • Newlands SchoolUK · KHDA: Good · 2.3 km
  • Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 2.8 km
  • International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 2.8 km
  • Primus Private School L.L.CIndian · KHDA: Good · 2.9 km
  • Kings School Nad Al Sheba L.L.CUK · KHDA: Very good · 3 km
  • International School of Arts & Sciences L.L.CAmerican · KHDA: Good · 3.2 km

Other buildings in Al Warsan First

Al Warsan First has 319 buildings. A few others to compare O-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 O-03

In its favour

  • Owners who resold have made money: a median gain of up to 91%.
  • A median gross yield of 10.7% 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.
  • The nearest running metro station is 7.9 km away, so a car helps.

الأسئلة الشائعة

O-03: questions answered

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

O-03 is completed in Q1 2012.

Across its 20 most recent registered sales, O-03 sold for a median of AED 540 per sq ft and AED 293.5K per unit.

Recent yearly contracts in O-03 have a median rent of AED 34.5K.

The median gross yield on recently sold units in O-03 is 10.7%: the rent the unit earned over its purchase price, before costs.

The 2018 service charge for residential units in O-03 is AED 7.48 per sq ft a year, as registered with the Dubai Land Department.

O-03 has Studio (470 sq ft), 1 Bed (730 to 930 sq ft), Commercial (370 to 1,070 sq ft).

International City 1 is about 1.3 km from O-03.

The nearest schools include Newlands School (2.3 km), Sharjah American International Private School - Dubai Branch (2.8 km), International Academic School (2.8 km).

Buying, selling or renting in O-03?

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

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