ReadyReady building · Nakheel
L-03, Al Warsan First
Highlights
L-03 at a glance
About L-03
L-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. 7 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 507 per sq ft.
L-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 7.3 per sq ft
- Status
- Ready
- Developer
- Nakheel
- Location
- Al Warsan First, Dubai
- Completed
- Q1 2012
- Unit types
- Studio, 1 Bed, Commercial
- Prices from
- AED 255.0K
- Median price per sq ft
- AED 507
- Median gross yield
- 10.6%
- Service charge
- AED 7.34 per sq ft (2018)
- Nearest metro
- International City 2, 1.3 km
Building details
Inside L-03
Properties in L-03
Studios in L-03
There are about 32 of these in L-03, from 480 to 500 sq ft. They have recently sold for a median of AED 335.0K, or AED 680 per sq ft.
1-bedroom apartments in L-03
There are about 28 of these in L-03, from 720 to 930 sq ft. None has sold recently enough to quote a price.
Commercial units in L-03
There are about 13 of these in L-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 | 480 sqft44.6 sqmt – 500 sqft46.5 sqmt | AED 335K | AED 32K |
| 1 Bed | 28 | 720 sqft66.9 sqmt – 930 sqft86.4 sqmt | No recent sales | AED 37K |
| Commercial | 13 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | No recent sales | – |
Sale trends in L-03
Median sale price
AED 316.5K
Median per sq ft
AED 507
Median gross yield
10.6%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 196.5K to AED 365.0K (484 to 495 sq ft), across 13 sales
- 1-bedroom apartments: AED 300.0K to AED 400.0K (721 to 926 sq ft), across 7 sales
Rental trends in L-03
A recent 1-bedroom contract in L-03 was let for AED 37.0K a year.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 37.0K a year (732 sq ft)
- Studios: AED 32.0K a year (495 sq ft)
Recent transactions in L-03
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| L-03, Greece Cluster, International CityReadyApartment | AED 350,000AED 723 /sqftAED 7,782 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 335,000AED 677 /sqftAED 7,287 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 345,000AED 697 /sqftAED 7,502 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 325,000AED 671 /sqftAED 7,223 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 365,000AED 737 /sqftAED 7,933 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 330,000AED 682 /sqftAED 7,341 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 285,000AED 576 /sqftAED 6,200 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 400,000AED 432 /sqftAED 4,650 /sqmt | 926 sqft86 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 285,000AED 576 /sqftAED 6,200 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 265,000AED 535 /sqftAED 5,759 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 265,000AED 548 /sqftAED 5,899 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 345,000AED 479 /sqftAED 5,156 /sqmt | 721 sqft67 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 340,000AED 464 /sqftAED 4,994 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 300,000AED 410 /sqftAED 4,413 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 307,000AED 419 /sqftAED 4,510 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 323,000AED 349 /sqftAED 3,757 /sqmt | 926 sqft86 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 310,000AED 423 /sqftAED 4,553 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 196,465AED 406 /sqftAED 4,370 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 200,000AED 413 /sqftAED 4,445 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-03, Greece Cluster, International CityReadyApartment | AED 208,000AED 420 /sqftAED 4,521 /sqmt | 495 sqft46 sqmtStudio | Owner |
L-03, Greece Cluster
International City
AED 350K
AED 723 /sqftAED 7,782 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner28 Oct 2026L-03, Greece Cluster
International City
AED 335K
AED 677 /sqftAED 7,287 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner20 Oct 2026L-03, Greece Cluster
International City
AED 345K
AED 697 /sqftAED 7,502 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner30 Sept 2026L-03, Greece Cluster
International City
AED 325K
AED 671 /sqftAED 7,223 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner10 Aug 2026L-03, Greece Cluster
International City
AED 365K
AED 737 /sqftAED 7,933 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner12 Jan 2026L-03, Greece Cluster
International City
AED 330K
AED 682 /sqftAED 7,341 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner18 Dec 2025L-03, Greece Cluster
International City
AED 285K
AED 576 /sqftAED 6,200 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner9 Dec 2025L-03, Greece Cluster
International City
AED 400K
AED 432 /sqftAED 4,650 /sqmt
ReadyApartment926 sqft86 sqmt1 BedOwner17 Apr 2025L-03, Greece Cluster
International City
AED 285K
AED 576 /sqftAED 6,200 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner28 Oct 2024L-03, Greece Cluster
International City
AED 265K
AED 535 /sqftAED 5,759 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner13 Aug 2024L-03, Greece Cluster
International City
AED 265K
AED 548 /sqftAED 5,899 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner25 Jul 2024L-03, Greece Cluster
International City
AED 345K
AED 479 /sqftAED 5,156 /sqmt
ReadyApartment721 sqft67 sqmt1 BedOwner6 Mar 2024L-03, Greece Cluster
International City
AED 340K
AED 464 /sqftAED 4,994 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner28 Feb 2024L-03, Greece Cluster
International City
AED 300K
AED 410 /sqftAED 4,413 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner12 May 2023L-03, Greece Cluster
International City
AED 307K
AED 419 /sqftAED 4,510 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner3 Apr 2023L-03, Greece Cluster
International City
AED 323K
AED 349 /sqftAED 3,757 /sqmt
ReadyApartment926 sqft86 sqmt1 BedOwner19 Jan 2023L-03, Greece Cluster
International City
AED 310K
AED 423 /sqftAED 4,553 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner18 Nov 2022L-03, Greece Cluster
International City
AED 196.5K
AED 406 /sqftAED 4,370 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner6 Jan 2022L-03, Greece Cluster
International City
AED 200K
AED 413 /sqftAED 4,445 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner27 Dec 2021L-03, Greece Cluster
International City
AED 208K
AED 420 /sqftAED 4,521 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner21 Jun 2021
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| L-03, Greece Cluster, International CityApartmentNew contract | AED 32,000 | 495 sqft46 sqmtStudio | to |
| L-03, Greece Cluster, International CityApartmentNew contract | AED 37,000 | 732 sqft68 sqmt1 Bed | to |
L-03, Greece Cluster
International City
AED 32K/yr
ApartmentNew contract495 sqft46 sqmtStudiotoL-03, Greece Cluster
International City
AED 37K/yr
ApartmentNew contract732 sqft68 sqmt1 Bedto
Service charges in L-03
The 2018 service charge in L-03 is AED 7.34 per sq ft for homes, AED 7.3 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 (2018) | AED 7.34 | 720 sqft66.9 sqmt – 930 sqft86.4 sqmt | AED 5,285 – AED 6,826 |
| Retail (2018) | AED 7.3 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 2,701 – AED 7,811 |
| Studio Apartment (2018) | AED 7.34 | 480 sqft44.6 sqmt – 500 sqft46.5 sqmt | AED 3,523 – AED 3,670 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around L-03
Transportation near L-03
Stations planned on new lines nearby include International City 2 (blue line, 1.3 km, about 5 min drive) and International City 1 (blue line, 1.4 km, about 5 min drive).
- International City 2Blue line · 1.3 km · about 5 min drive
- International City 1Blue line · 1.4 km · about 5 min drive
- Dragon MartBlue line · 2.4 km · about 7 min drive
- Dubai Silicon OasisBlue line · 3.5 km · about 9 min drive
- Al WarqaBlue line · 3.8 km · about 10 min drive
- Academic CityBlue line · 4.5 km · about 11 min drive
Shopping and groceries near L-03
The closest is Spinneys / International City, France Cluster, 0.6 km from L-03 (about 7 min walk).
- Spinneys / International City, France ClusterSupermarket · 0.6 km · about 7 min walk
- Lulu Express / France Cluster, International CitySupermarket · 0.8 km · about 10 min walk
- Dragon MartShopping Mall · 2.2 km · about 6 min drive
- Spinneys / Dubai Silicon OasisSupermarket · 5.5 km · about 13 min drive
- Mirdif City CentreShopping Mall · 6.6 km · about 15 min drive
Restaurants and hotels near L-03
The closest is Abidos Hotel Apartments, 8 km from L-03 (about 18 min drive).
- Abidos Hotel ApartmentsHotel · 8 km · about 18 min drive
Hospitals and clinics near L-03
The closest is The Osteopathic Health Centre, 7.7 km from L-03 (about 17 min drive).
- The Osteopathic Health CentreHospital · 7.7 km · about 17 min drive
Parks and leisure near L-03
The closest is Mushrif Park, 7.7 km from L-03 (about 17 min drive).
- Mushrif ParkPark · 7.7 km · about 17 min drive
Schools near L-03
The nearest is Newlands School, 2.7 km away. Ratings are the KHDA's latest inspection grades.
- Newlands SchoolUK · KHDA: Good · 2.7 km
- Kings School Nad Al Sheba L.L.CUK · KHDA: Very good · 2.8 km
- Repton SchoolUK/IB · KHDA: Outstanding · 3.1 km
- International School of Creative Science Nad Alshiba L.L.CUK · KHDA: Good · 3.2 km
- GEMS Modern AcademyIndian - Indian/IB · KHDA: Outstanding · 3.2 km
- Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 3.3 km
Other buildings in Al Warsan First
Al Warsan First has 319 buildings. A few others to compare L-03 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about L-03
In its favour
- A median gross yield of 10.6% 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
L-03: questions answered
Buying, selling or renting in L-03?
A broker who works Al Warsan First will tell you what is available and what comparable homes went for.