ReadyReady building · Nakheel
M-02, Al Warsan First
Highlights
M-02 at a glance
About M-02
M-02 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. 6 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 558 per sq ft.
M-02 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 7.64 per sq ft
- Status
- Ready
- Developer
- Nakheel
- Location
- Al Warsan First, Dubai
- Completed
- Q1 2012
- Unit types
- Studio, 1 Bed, Commercial
- Prices from
- AED 252.0K
- Median price per sq ft
- AED 558
- Median gross yield
- 10.2%
- Service charge
- AED 7.82 per sq ft (2018)
- Nearest metro
- International City 1, 1.6 km
Building details
Inside M-02
Properties in M-02
Studios in M-02
There are about 32 of these in M-02, from 470 sq ft. They have recently sold for a median of AED 335.0K, or AED 710 per sq ft. Owners who resold made a median 9% over what they paid.
1-bedroom apartments in M-02
There are about 28 of these in M-02, from 730 to 930 sq ft. They have recently sold for a median of AED 400.0K, or AED 550 per sq ft.
Commercial units in M-02
There are about 13 of these in M-02, from 370 to 1,070 sq ft. They have recently sold for a median of AED 642.0K, or AED 1,060 per sq ft.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 32 | 470 sqft43.7 sqmt | AED 335K | AED 26.5K |
| 1 Bed | 28 | 730 sqft67.8 sqmt – 930 sqft86.4 sqmt | AED 400K | – |
| Commercial | 13 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 642K | – |
Sale trends in M-02
Median sale price
AED 295K
Median per sq ft
AED 558
Median gross yield
10.2%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 193.0K to AED 360.0K (474 sq ft), across 15 sales
- 1-bedroom apartments: AED 287.0K to AED 400.0K (732 to 926 sq ft), across 5 sales
Rental trends in M-02
A recent studio contract in M-02 was let for AED 26.5K a year.
Yearly rents from recent registered contracts, by unit type:
- Studios: AED 26.5K a year (474 sq ft)
Recent transactions in M-02
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| M-02, Persia Cluster, International CityReadyApartment | AED 335,000AED 707 /sqftAED 7,610 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 400,000AED 546 /sqftAED 5,877 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 360,000AED 759 /sqftAED 8,170 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 330,000AED 696 /sqftAED 7,492 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 320,000AED 675 /sqftAED 7,266 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 290,000AED 612 /sqftAED 6,588 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 290,000AED 612 /sqftAED 6,588 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 315,000AED 665 /sqftAED 7,158 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 320,000AED 675 /sqftAED 7,266 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 290,000AED 612 /sqftAED 6,588 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 350,000AED 478 /sqftAED 5,145 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 270,000AED 570 /sqftAED 6,135 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 220,000AED 464 /sqftAED 4,994 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 340,000AED 464 /sqftAED 4,994 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 205,000AED 432 /sqftAED 4,650 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 205,000AED 432 /sqftAED 4,650 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 250,000AED 527 /sqftAED 5,673 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 300,000AED 410 /sqftAED 4,413 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 193,000AED 407 /sqftAED 4,381 /sqmt | 474 sqft44 sqmtStudio | Owner |
| M-02, Persia Cluster, International CityReadyApartment | AED 287,007AED 310 /sqftAED 3,337 /sqmt | 926 sqft86 sqmt1 Bed | Owner |
M-02, Persia Cluster
International City
AED 335K
AED 707 /sqftAED 7,610 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner14 Aug 2026M-02, Persia Cluster
International City
AED 400K
AED 546 /sqftAED 5,877 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner8 Jun 2026M-02, Persia Cluster
International City
AED 360K
AED 759 /sqftAED 8,170 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner17 Feb 2026M-02, Persia Cluster
International City
AED 330K
AED 696 /sqftAED 7,492 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner16 Jan 2026M-02, Persia Cluster
International City
AED 320K
AED 675 /sqftAED 7,266 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner15 Sept 2025M-02, Persia Cluster
International City
AED 290K
AED 612 /sqftAED 6,588 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner29 Aug 2025M-02, Persia Cluster
International City
AED 290K
AED 612 /sqftAED 6,588 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner13 Aug 2025M-02, Persia Cluster
International City
AED 315K
AED 665 /sqftAED 7,158 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner21 Feb 2025M-02, Persia Cluster
International City
AED 320K
AED 675 /sqftAED 7,266 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner23 Jan 2025M-02, Persia Cluster
International City
AED 290K
AED 612 /sqftAED 6,588 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner17 May 2024M-02, Persia Cluster
International City
AED 350K
AED 478 /sqftAED 5,145 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner28 Mar 2024M-02, Persia Cluster
International City
AED 270K
AED 570 /sqftAED 6,135 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner4 Mar 2024M-02, Persia Cluster
International City
AED 220K
AED 464 /sqftAED 4,994 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner9 Feb 2024M-02, Persia Cluster
International City
AED 340K
AED 464 /sqftAED 4,994 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner8 Nov 2023M-02, Persia Cluster
International City
AED 205K
AED 432 /sqftAED 4,650 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner28 Mar 2023M-02, Persia Cluster
International City
AED 205K
AED 432 /sqftAED 4,650 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner26 Jan 2023M-02, Persia Cluster
International City
AED 250K
AED 527 /sqftAED 5,673 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner18 Oct 2022M-02, Persia Cluster
International City
AED 300K
AED 410 /sqftAED 4,413 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner18 Aug 2022M-02, Persia Cluster
International City
AED 193K
AED 407 /sqftAED 4,381 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner1 Jun 2022M-02, Persia Cluster
International City
AED 287K
AED 310 /sqftAED 3,337 /sqmt
ReadyApartment926 sqft86 sqmt1 BedOwner15 Mar 2022
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| M-02, Persia Cluster, International CityApartmentRenewal | AED 26,500 | 474 sqft44 sqmtStudio | to |
M-02, Persia Cluster
International City
AED 26.5K/yr
ApartmentRenewal474 sqft44 sqmtStudioto
Service charges in M-02
The 2018 service charge in M-02 is AED 7.82 per sq ft for homes, AED 7.64 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 7.82 | 730 sqft67.8 sqmt – 930 sqft86.4 sqmt | AED 5,709 – AED 7,273 |
| Retail (2018) | AED 7.64 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 2,827 – AED 8,175 |
| Studio Apartment (2018) | AED 7.82 | 470 sqft43.7 sqmt | AED 3,675 – AED 3,675 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around M-02
Transportation near M-02
Stations planned on new lines nearby include International City 1 (blue line, 1.6 km, about 5 min drive) and International City 2 (blue line, 1.7 km, about 5 min drive).
- International City 1Blue line · 1.6 km · about 5 min drive
- International City 2Blue line · 1.7 km · about 5 min drive
- Dragon MartBlue line · 2.3 km · about 7 min drive
- Al WarqaBlue line · 3.6 km · about 9 min drive
- Dubai Silicon OasisBlue line · 3.9 km · about 10 min drive
- Academic CityBlue line · 4.7 km · about 11 min drive
Shopping and groceries near M-02
The closest is Spinneys / International City, France Cluster, 0.8 km from M-02 (about 10 min walk).
- Spinneys / International City, France ClusterSupermarket · 0.8 km · about 10 min walk
- Lulu Express / France Cluster, International CitySupermarket · 1 km · about 12 min walk
- Dragon MartShopping Mall · 1.9 km · about 6 min drive
- Spinneys / Dubai Silicon OasisSupermarket · 5.8 km · about 14 min drive
- Mirdif City CentreShopping Mall · 6.4 km · about 15 min drive
Hospitals and clinics near M-02
The closest is The Osteopathic Health Centre, 7.5 km from M-02 (about 17 min drive).
- The Osteopathic Health CentreHospital · 7.5 km · about 17 min drive
Parks and leisure near M-02
The closest is Mushrif Park, 7.4 km from M-02 (about 17 min drive).
- Mushrif ParkPark · 7.4 km · about 17 min drive
Schools near M-02
The nearest is Newlands School, 2.7 km away. Ratings are the KHDA's latest inspection grades.
- Newlands SchoolUK · KHDA: Good · 2.7 km
- Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 3.1 km
- Kings School Nad Al Sheba L.L.CUK · KHDA: Very good · 3.1 km
- International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 3.2 km
- Primus Private School L.L.CIndian · KHDA: Good · 3.3 km
- GEMS Modern AcademyIndian - Indian/IB · KHDA: Outstanding · 3.5 km
Other buildings in Al Warsan First
Al Warsan First has 319 buildings. A few others to compare M-02 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about M-02
In its favour
- Owners who resold have made money: a median gain of up to 9%.
- A median gross yield of 10.2% 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
M-02: questions answered
Buying, selling or renting in M-02?
A broker who works Al Warsan First will tell you what is available and what comparable homes went for.