IC1-EMR-01, Al Warsan First

IC1-EMR-01 is a mixed-use building in Al Warsan First, Dubai, developed by Nakheel. It holds about 57 units: studios, 1-bedroom apartments.

The building was completed in 2012 and has been in use for about 14 years. 6 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 560 per sq ft.

IC1-EMR-01 is one of 319 buildings in Al Warsan First: 289 are complete and 13 are still being built.

• A mixed-use ready building
• Located in Al Warsan First, Dubai
• Developed by Nakheel
• Completed in Q1 2012
• Unit types: Studio, 1 Bed
• Sizes from 440 to 850 sq ft
• Service charge from AED 7.1 per sq ft

Status

Ready

Developer

Nakheel

Location

Al Warsan First, Dubai

Completed

Q1 2012

Unit types

Studio, 1 Bed

Prices from

AED 263.0K

Median price per sq ft

AED 560

Median gross yield

11.0%

Service charge

AED 7.23 per sq ft (2018)

Nearest metro

Dragon Mart, 2.5 km

Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 350.0K to AED 465.0K (729 to 853 sq ft), across 12 sales
• Studios: AED 245.0K to AED 360.0K (456 to 508 sq ft), across 8 sales

1-bedroom homes in IC1-EMR-01 were let for AED 40.0K to AED 44.0K a year across 2 recent contracts, with a median of AED 42.0K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 40.0K to AED 44.0K a year (786 to 853 sq ft), across 2 contracts
• Studios: AED 26.5K a year (460 sq ft)

Every sale in IC1-EMR-01Every rent contract in IC1-EMR-01

The 2018 service charge in IC1-EMR-01 is AED 7.23 per sq ft for homes, AED 7.1 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.

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

Stations planned on new lines nearby include Dragon Mart (blue line, 2.5 km, about 7 min drive) and International City 1 (blue line, 2.6 km, about 7 min drive).

• Dragon MartBlue line · 2.5 km · about 7 min drive
• International City 1Blue line · 2.6 km · about 7 min drive
• International City 2Blue line · 2.8 km · about 8 min drive
• Al WarqaBlue line · 3.4 km · about 9 min drive
• Dubai Silicon OasisBlue line · 5 km · about 12 min drive
• Academic CityBlue line · 5.5 km · about 13 min drive

The closest is Dragon Mart, 1.3 km from IC1-EMR-01 (about 5 min drive).

• Dragon MartShopping Mall · 1.3 km · about 5 min drive
• Spinneys / International City, France ClusterSupermarket · 1.9 km · about 6 min drive
• Lulu Express / France Cluster, International CitySupermarket · 2 km · about 6 min drive
• Mirdif City CentreShopping Mall · 6.1 km · about 14 min drive
• Century MallShopping Mall · 6.1 km · about 14 min drive

The closest is The Osteopathic Health Centre, 6.8 km from IC1-EMR-01 (about 16 min drive).

• The Osteopathic Health CentreHospital · 6.8 km · about 16 min drive

The closest is Mushrif Park, 6.5 km from IC1-EMR-01 (about 15 min drive).

• Mushrif ParkPark · 6.5 km · about 15 min drive

The nearest is Newlands School, 2.9 km away. Ratings are the KHDA's latest inspection grades.

• Newlands SchoolUK · KHDA: Good · 2.9 km
• Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 3.1 km
• International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 3.1 km
• GEMS Al Khaleej International School - Dubai BranchAmerican - International Baccalaureate · KHDA: Good · 3.1 km
• Primus Private School L.L.CIndian · KHDA: Good · 3.2 km
• Ignite School L.L.CAmerican · KHDA: Acceptable · 3.2 km

Al Warsan First has 319 buildings. A few others to compare IC1-EMR-01 with:

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