ReadyReady building · Nakheel
L-04, Al Warsan First
Highlights
L-04 at a glance
About L-04
L-04 is a mixed-use building in Al Warsan First, Dubai, developed by Nakheel. It holds about 73 units: studios, 1-bedroom apartments, commercial units. Depending on the unit, windows look out over Community.
The building was completed in 2012 and has been in use for about 14 years. 1 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 434 per sq ft.
L-04 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
- Views: Community View
- Service charge from AED 7.22 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 434
- Median gross yield
- 13.4%
- Service charge
- AED 7.26 per sq ft (2018)
- Nearest metro
- International City 2, 1.3 km
Building details
Inside L-04
Properties in L-04
Studios in L-04
There are about 32 of these in L-04, from 480 to 500 sq ft. They have recently sold for a median of AED 310.0K, or AED 630 per sq ft.
1-bedroom apartments in L-04
There are about 28 of these in L-04, from 720 to 930 sq ft. None has sold recently enough to quote a price.
Commercial units in L-04
There are about 13 of these in L-04, 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 310K | AED 30K |
| 1 Bed | 28 | 720 sqft66.9 sqmt – 930 sqft86.4 sqmt | No recent sales | – |
| Commercial | 13 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | No recent sales | – |
Sale trends in L-04
Median sale price
AED 217.5K
Median per sq ft
AED 434
Median gross yield
13.4%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 180.0K to AED 310.0K (484 to 495 sq ft), across 15 sales
- 1-bedroom apartments: AED 285.0K to AED 420.0K (732 to 926 sq ft), across 5 sales
Rental trends in L-04
A recent studio contract in L-04 was let for AED 30.0K a year.
Yearly rents from recent registered contracts, by unit type:
- Studios: AED 30.0K a year (495 sq ft)
Recent transactions in L-04
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| L-04, Greece Cluster, International CityReadyApartment | AED 310,000AED 626 /sqftAED 6,738 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 420,000AED 574 /sqftAED 6,178 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 307,140AED 635 /sqftAED 6,835 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 360,000AED 492 /sqftAED 5,296 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 338,000AED 462 /sqftAED 4,973 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 258,000AED 521 /sqftAED 5,608 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 247,000AED 499 /sqftAED 5,371 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 220,000AED 444 /sqftAED 4,779 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 215,000AED 434 /sqftAED 4,672 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 215,000AED 434 /sqftAED 4,672 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 215,000AED 444 /sqftAED 4,779 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 207,000AED 428 /sqftAED 4,607 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 200,000AED 413 /sqftAED 4,445 /sqmt | 484 sqft45 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 180,000AED 364 /sqftAED 3,918 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 180,000AED 364 /sqftAED 3,918 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 204,000AED 412 /sqftAED 4,435 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 202,909AED 410 /sqftAED 4,413 /sqmt | 495 sqft46 sqmtStudio | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 330,000AED 356 /sqftAED 3,832 /sqmt | 926 sqft86 sqmt1 Bed | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 285,000AED 389 /sqftAED 4,187 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| L-04, Greece Cluster, International CityReadyApartment | AED 194,568AED 402 /sqftAED 4,327 /sqmt | 484 sqft45 sqmtStudio | Owner |
L-04, Greece Cluster
International City
AED 310K
AED 626 /sqftAED 6,738 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner4 May 2026L-04, Greece Cluster
International City
AED 420K
AED 574 /sqftAED 6,178 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner19 May 2025L-04, Greece Cluster
International City
AED 307.1K
AED 635 /sqftAED 6,835 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner17 Feb 2025L-04, Greece Cluster
International City
AED 360K
AED 492 /sqftAED 5,296 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner10 Jul 2024L-04, Greece Cluster
International City
AED 338K
AED 462 /sqftAED 4,973 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner5 Feb 2024L-04, Greece Cluster
International City
AED 258K
AED 521 /sqftAED 5,608 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner4 Jul 2023L-04, Greece Cluster
International City
AED 247K
AED 499 /sqftAED 5,371 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner5 Jun 2023L-04, Greece Cluster
International City
AED 220K
AED 444 /sqftAED 4,779 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner8 Mar 2023L-04, Greece Cluster
International City
AED 215K
AED 434 /sqftAED 4,672 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner22 Nov 2022L-04, Greece Cluster
International City
AED 215K
AED 434 /sqftAED 4,672 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner21 Nov 2022L-04, Greece Cluster
International City
AED 215K
AED 444 /sqftAED 4,779 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner16 Nov 2022L-04, Greece Cluster
International City
AED 207K
AED 428 /sqftAED 4,607 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner18 Aug 2022L-04, Greece Cluster
International City
AED 200K
AED 413 /sqftAED 4,445 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner21 Mar 2022L-04, Greece Cluster
International City
AED 180K
AED 364 /sqftAED 3,918 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner25 Jan 2022L-04, Greece Cluster
International City
AED 180K
AED 364 /sqftAED 3,918 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner25 Jan 2022L-04, Greece Cluster
International City
AED 204K
AED 412 /sqftAED 4,435 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner29 Dec 2021L-04, Greece Cluster
International City
AED 202.9K
AED 410 /sqftAED 4,413 /sqmt
ReadyApartment495 sqft46 sqmtStudioOwner21 Dec 2021L-04, Greece Cluster
International City
AED 330K
AED 356 /sqftAED 3,832 /sqmt
ReadyApartment926 sqft86 sqmt1 BedOwner9 Nov 2021L-04, Greece Cluster
International City
AED 285K
AED 389 /sqftAED 4,187 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner7 Nov 2021L-04, Greece Cluster
International City
AED 194.6K
AED 402 /sqftAED 4,327 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner12 Sept 2021
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| L-04, Greece Cluster, International CityApartmentRenewal | AED 30,000 | 495 sqft46 sqmtStudio | to |
L-04, Greece Cluster
International City
AED 30K/yr
ApartmentRenewal495 sqft46 sqmtStudioto
Service charges in L-04
The 2018 service charge in L-04 is AED 7.26 per sq ft for homes, AED 7.22 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 7.26 | 720 sqft66.9 sqmt – 930 sqft86.4 sqmt | AED 5,227 – AED 6,752 |
| Retail (2018) | AED 7.22 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 2,671 – AED 7,725 |
| Studio Apartment (2018) | AED 7.26 | 480 sqft44.6 sqmt – 500 sqft46.5 sqmt | AED 3,485 – AED 3,630 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around L-04
Transportation near L-04
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-04
The closest is Spinneys / International City, France Cluster, 0.6 km from L-04 (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 · 5.4 km · about 13 min drive
- Mirdif City CentreShopping Mall · 6.6 km · about 15 min drive
Restaurants and hotels near L-04
The closest is Abidos Hotel Apartments, 8 km from L-04 (about 18 min drive).
- Abidos Hotel ApartmentsHotel · 8 km · about 18 min drive
Hospitals and clinics near L-04
The closest is The Osteopathic Health Centre, 7.7 km from L-04 (about 17 min drive).
- The Osteopathic Health CentreHospital · 7.7 km · about 17 min drive
Parks and leisure near L-04
The closest is Mushrif Park, 7.7 km from L-04 (about 17 min drive).
- Mushrif ParkPark · 7.7 km · about 17 min drive
Schools near L-04
The nearest is Newlands School, 2.8 km away. Ratings are the KHDA's latest inspection grades.
- Newlands SchoolUK · KHDA: Good · 2.8 km
- Kings School Nad Al Sheba L.L.CUK · KHDA: Very good · 2.8 km
- Repton SchoolUK/IB · KHDA: Outstanding · 3.2 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-04 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about L-04
In its favour
- A median gross yield of 13.4% 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.
Specialists
Brokers who know L-04
These brokers handle sales and lettings in L-04 and can tell you what is available now.
Khurram Shahzad
Property Advisor
FAQs
L-04: questions answered
Buying, selling or renting in L-04?
A broker who works Al Warsan First will tell you what is available and what comparable homes went for.