ReadyReady 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
- Status
- Ready
- Developer
- Nakheel
- Location
- Al Warsan First, Dubai
- Completed
- Q1 2012
- Unit types
- Studio, 1 Bed, Commercial
- Prices from
- AED 259.0K
- Median price per sq ft
- AED 480
- Median gross yield
- 11.8%
- Service charge
- 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 type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 32 | 470 sqft43.7 sqmt | AED 325K | AED 29K |
| 1 Bed | 28 | 720 sqft66.9 sqmt – 940 sqft87.3 sqmt | AED 435K | AED 40.1K |
| Commercial | 13 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | No recent sales | – |
Sale trends in I-03
Median sale price
AED 307.5K
Median per sq ft
AED 480
Median gross yield
11.8%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 200.0K to AED 335.0K (474 sq ft), across 11 sales
- 1-bedroom apartments: AED 300.0K to AED 435.0K (716 sq ft), across 9 sales
Rental trends in I-03
1-bedroom homes in I-03 were let for AED 38.3K to AED 42.0K a year across 2 recent contracts, with a median of AED 40.1K.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 38.3K to AED 42.0K a year (716 sq ft), across 2 contracts
- Studios: AED 29.0K a year (474 sq ft)
Recent transactions in I-03
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| I-03, Morocco Cluster, International CityReadyApartment | AED 335,000AED 707 /sqftAED 7,610 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 290,000AED 612 /sqftAED 6,588 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 435,000AED 608 /sqftAED 6,544 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 325,000AED 686 /sqftAED 7,384 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 250,000AED 527 /sqftAED 5,673 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 401,705AED 561 /sqftAED 6,039 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 315,000AED 665 /sqftAED 7,158 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 230,000AED 485 /sqftAED 5,220 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 265,000AED 559 /sqftAED 6,017 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 200,000AED 422 /sqftAED 4,542 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 350,000AED 489 /sqftAED 5,264 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 335,000AED 468 /sqftAED 5,038 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 335,000AED 468 /sqftAED 5,038 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 335,000AED 468 /sqftAED 5,038 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 300,000AED 419 /sqftAED 4,510 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 225,000AED 475 /sqftAED 5,113 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 225,000AED 475 /sqftAED 5,113 /sqmt | 474 sqft44 sqmtStudio | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 300,000AED 419 /sqftAED 4,510 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 315,000AED 440 /sqftAED 4,736 /sqmt | 716 sqft66.5 sqmt1 Bed | Owner |
| I-03, Morocco Cluster, International CityReadyApartment | AED 210,000AED 443 /sqftAED 4,768 /sqmt | 474 sqft44 sqmtStudio | Owner |
I-03, Morocco Cluster
International City
AED 335K
AED 707 /sqftAED 7,610 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner3 Aug 2026I-03, Morocco Cluster
International City
AED 290K
AED 612 /sqftAED 6,588 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner2 Jul 2026I-03, Morocco Cluster
International City
AED 435K
AED 608 /sqftAED 6,544 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner17 Feb 2026I-03, Morocco Cluster
International City
AED 325K
AED 686 /sqftAED 7,384 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner12 Nov 2025I-03, Morocco Cluster
International City
AED 250K
AED 527 /sqftAED 5,673 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner5 Aug 2025I-03, Morocco Cluster
International City
AED 401.7K
AED 561 /sqftAED 6,039 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner26 Mar 2025I-03, Morocco Cluster
International City
AED 315K
AED 665 /sqftAED 7,158 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner17 Mar 2025I-03, Morocco Cluster
International City
AED 230K
AED 485 /sqftAED 5,220 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner4 Feb 2025I-03, Morocco Cluster
International City
AED 265K
AED 559 /sqftAED 6,017 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner7 Aug 2024I-03, Morocco Cluster
International City
AED 200K
AED 422 /sqftAED 4,542 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner26 Jul 2024I-03, Morocco Cluster
International City
AED 350K
AED 489 /sqftAED 5,264 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner25 Jun 2024I-03, Morocco Cluster
International City
AED 335K
AED 468 /sqftAED 5,038 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner1 Feb 2024I-03, Morocco Cluster
International City
AED 335K
AED 468 /sqftAED 5,038 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner1 Feb 2024I-03, Morocco Cluster
International City
AED 335K
AED 468 /sqftAED 5,038 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner1 Feb 2024I-03, Morocco Cluster
International City
AED 300K
AED 419 /sqftAED 4,510 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner25 Oct 2023I-03, Morocco Cluster
International City
AED 225K
AED 475 /sqftAED 5,113 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner3 Aug 2023I-03, Morocco Cluster
International City
AED 225K
AED 475 /sqftAED 5,113 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner26 Jun 2023I-03, Morocco Cluster
International City
AED 300K
AED 419 /sqftAED 4,510 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner21 Jun 2023I-03, Morocco Cluster
International City
AED 315K
AED 440 /sqftAED 4,736 /sqmt
ReadyApartment716 sqft66.5 sqmt1 BedOwner2 Mar 2023I-03, Morocco Cluster
International City
AED 210K
AED 443 /sqftAED 4,768 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner18 Jan 2023
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| I-03, Morocco Cluster, International CityApartmentNew contract | AED 29,000 | 474 sqft44 sqmtStudio | to |
| I-03, Morocco Cluster, International CityApartmentNew contract | AED 42,000 | 716 sqft66.5 sqmt1 Bed | to |
| I-03, Morocco Cluster, International CityApartmentRenewal | AED 38,250 | 716 sqft66.5 sqmt1 Bed | to |
I-03, Morocco Cluster
International City
AED 29K/yr
ApartmentNew contract474 sqft44 sqmtStudiotoI-03, Morocco Cluster
International City
AED 42K/yr
ApartmentNew contract716 sqft66.5 sqmt1 BedtoI-03, Morocco Cluster
International City
AED 38.3K/yr
ApartmentRenewal716 sqft66.5 sqmt1 Bedto
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.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 1 Bed Apartment (2025) | AED 10.01 | 720 sqft66.9 sqmt – 940 sqft87.3 sqmt | AED 7,207 – AED 9,409 |
| Retail (2025) | AED 9.69 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 3,585 – AED 10,368 |
| Studio Apartment (2025) | AED 10.01 | 470 sqft43.7 sqmt | AED 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
- Dubai Silicon OasisBlue 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:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
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.
FAQs
I-03: questions answered
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.