ReadyReady building · Nakheel
O-03, Al Warsan First
Highlights
O-03 at a glance
About O-03
O-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. 8 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 540 per sq ft.
O-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 7.31 per sq ft
- Centrepoint metro station 7.9 km away
- Status
- Ready
- Developer
- Nakheel
- Location
- Al Warsan First, Dubai
- Completed
- Q1 2012
- Unit types
- Studio, 1 Bed, Commercial
- Prices from
- AED 268.0K
- Median price per sq ft
- AED 540
- Median gross yield
- 10.7%
- Service charge
- AED 7.48 per sq ft (2018)
- Nearest metro
- International City 1, 1.3 km
Building details
Inside O-03
Properties in O-03
Studios in O-03
There are about 32 of these in O-03, from 470 sq ft. They have recently sold for a median of AED 315.0K, or AED 660 per sq ft.
1-bedroom apartments in O-03
There are about 28 of these in O-03, from 730 to 930 sq ft. They have recently sold for a median of AED 410.0K, or AED 560 per sq ft.
Commercial units in O-03
There are about 13 of these in O-03, from 370 to 1,070 sq ft. They have recently sold for a median of AED 633.0K, or AED 1,070 per sq ft. Owners who resold made a median 19% over what they paid.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 32 | 470 sqft43.7 sqmt | AED 315K | AED 27.9K |
| 1 Bed | 28 | 730 sqft67.8 sqmt – 930 sqft86.4 sqmt | AED 410K | AED 38.5K |
| Commercial | 13 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 633K | – |
Sale trends in O-03
Median sale price
AED 293.5K
Median per sq ft
AED 540
Median gross yield
10.7%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 200.0K to AED 330.0K (474 sq ft), across 14 sales
- 1-bedroom apartments: AED 215.0K to AED 410.0K (732 sq ft), across 6 sales
Rental trends in O-03
1-bedroom homes in O-03 were let for AED 38.0K to AED 39.0K a year across 2 recent contracts, with a median of AED 38.5K.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 38.0K to AED 39.0K a year (732 sq ft), across 2 contracts
- Studios: AED 24.8K to AED 31.0K a year (474 sq ft), across 2 contracts
Recent transactions in O-03
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| O-03, Persia Cluster, International CityReadyApartment | AED 300,000AED 633 /sqftAED 6,814 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 410,000AED 560 /sqftAED 6,028 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 330,000AED 696 /sqftAED 7,492 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 332,306AED 454 /sqftAED 4,887 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 315,000AED 665 /sqftAED 7,158 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 300,000AED 633 /sqftAED 6,814 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 330,000AED 451 /sqftAED 4,855 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 215,000AED 587 /sqftAED 6,318 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 380,000AED 519 /sqftAED 5,586 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 315,000AED 665 /sqftAED 7,158 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 287,000AED 605 /sqftAED 6,512 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 283,000AED 597 /sqftAED 6,426 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 235,000AED 496 /sqftAED 5,339 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 220,000AED 464 /sqftAED 4,994 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 224,000AED 473 /sqftAED 5,091 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 210,000AED 443 /sqftAED 4,768 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 210,000AED 443 /sqftAED 4,768 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 270,000AED 570 /sqftAED 6,135 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 200,000AED 422 /sqftAED 4,542 /sqmt | 474 sqft44 sqmtStudio | Owner |
| O-03, Persia Cluster, International CityReadyApartment | AED 312,000AED 426 /sqftAED 4,585 /sqmt | 732 sqft68 sqmt1 Bed | Owner |
O-03, Persia Cluster
International City
AED 300K
AED 633 /sqftAED 6,814 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner23 Oct 2026O-03, Persia Cluster
International City
AED 410K
AED 560 /sqftAED 6,028 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner7 Oct 2026O-03, Persia Cluster
International City
AED 330K
AED 696 /sqftAED 7,492 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner29 Jan 2026O-03, Persia Cluster
International City
AED 332.3K
AED 454 /sqftAED 4,887 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner17 Apr 2025O-03, Persia Cluster
International City
AED 315K
AED 665 /sqftAED 7,158 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner11 Mar 2025O-03, Persia Cluster
International City
AED 300K
AED 633 /sqftAED 6,814 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner27 Feb 2025O-03, Persia Cluster
International City
AED 330K
AED 451 /sqftAED 4,855 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner26 Feb 2025O-03, Persia Cluster
International City
AED 215K
AED 587 /sqftAED 6,318 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner27 Jan 2025O-03, Persia Cluster
International City
AED 380K
AED 519 /sqftAED 5,586 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner20 Dec 2024O-03, Persia Cluster
International City
AED 315K
AED 665 /sqftAED 7,158 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner22 Nov 2024O-03, Persia Cluster
International City
AED 287K
AED 605 /sqftAED 6,512 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner7 Aug 2024O-03, Persia Cluster
International City
AED 283K
AED 597 /sqftAED 6,426 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner5 Aug 2024O-03, Persia Cluster
International City
AED 235K
AED 496 /sqftAED 5,339 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner15 Jul 2024O-03, Persia Cluster
International City
AED 220K
AED 464 /sqftAED 4,994 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner4 Jan 2024O-03, Persia Cluster
International City
AED 224K
AED 473 /sqftAED 5,091 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner21 Aug 2023O-03, Persia Cluster
International City
AED 210K
AED 443 /sqftAED 4,768 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner13 Jun 2023O-03, Persia Cluster
International City
AED 210K
AED 443 /sqftAED 4,768 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner11 Jan 2023O-03, Persia Cluster
International City
AED 270K
AED 570 /sqftAED 6,135 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner21 Dec 2022O-03, Persia Cluster
International City
AED 200K
AED 422 /sqftAED 4,542 /sqmt
ReadyApartment474 sqft44 sqmtStudioOwner20 Dec 2022O-03, Persia Cluster
International City
AED 312K
AED 426 /sqftAED 4,585 /sqmt
ReadyApartment732 sqft68 sqmt1 BedOwner19 Oct 2022
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| O-03, Persia Cluster, International CityApartmentNew contract | AED 24,838 | 474 sqft44 sqmtStudio | to |
| O-03, Persia Cluster, International CityApartmentRenewal | AED 31,000 | 474 sqft44 sqmtStudio | to |
| O-03, Persia Cluster, International CityApartmentRenewal | AED 38,000 | 732 sqft68 sqmt1 Bed | to |
| O-03, Persia Cluster, International CityApartmentNew contract | AED 39,000 | 732 sqft68 sqmt1 Bed | to |
O-03, Persia Cluster
International City
AED 24.8K/yr
ApartmentNew contract474 sqft44 sqmtStudiotoO-03, Persia Cluster
International City
AED 31K/yr
ApartmentRenewal474 sqft44 sqmtStudiotoO-03, Persia Cluster
International City
AED 38K/yr
ApartmentRenewal732 sqft68 sqmt1 BedtoO-03, Persia Cluster
International City
AED 39K/yr
ApartmentNew contract732 sqft68 sqmt1 Bedto
Service charges in O-03
The 2018 service charge in O-03 is AED 7.48 per sq ft for homes, AED 7.31 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 7.48 | 730 sqft67.8 sqmt – 930 sqft86.4 sqmt | AED 5,460 – AED 6,956 |
| Retail (2018) | AED 7.31 | 370 sqft34.4 sqmt – 1,070 sqft99.4 sqmt | AED 2,705 – AED 7,822 |
| Studio Apartment (2018) | AED 7.48 | 470 sqft43.7 sqmt | AED 3,516 – AED 3,516 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around O-03
Transportation near O-03
The nearest Dubai Metro station from O-03 is Centrepoint (red line, 7.9 km, about 18 min drive). Stations planned on new lines nearby include International City 1 (blue line, 1.3 km, about 5 min drive) and International City 2 (blue line, 1.7 km, about 5 min drive). Most residents will drive or take a taxi to the metro.
- International City 1Blue line · 1.3 km · about 5 min drive
- International City 2Blue line · 1.7 km · about 5 min drive
- Dragon MartBlue line · 1.9 km · about 6 min drive
- Al WarqaBlue line · 3.3 km · about 9 min drive
- Dubai Silicon OasisBlue line · 4 km · about 10 min drive
- Auto MarketBlue line · 4.8 km · about 12 min drive
Shopping and groceries near O-03
The closest is Spinneys / International City, France Cluster, 0.6 km from O-03 (about 7 min walk).
- Spinneys / International City, France ClusterSupermarket · 0.6 km · about 7 min walk
- Lulu Express / France Cluster, International CitySupermarket · 0.7 km · about 8 min walk
- Dragon MartShopping Mall · 1.7 km · about 5 min drive
- Spinneys / Dubai Silicon OasisSupermarket · 6 km · about 14 min drive
- Mirdif City CentreShopping Mall · 6.1 km · about 14 min drive
Hospitals and clinics near O-03
The closest is The Osteopathic Health Centre, 7.2 km from O-03 (about 16 min drive).
- The Osteopathic Health CentreHospital · 7.2 km · about 16 min drive
Parks and leisure near O-03
The closest is Mushrif Park, 7.2 km from O-03 (about 16 min drive).
- Mushrif ParkPark · 7.2 km · about 16 min drive
Schools near O-03
The nearest is Newlands School, 2.3 km away. Ratings are the KHDA's latest inspection grades.
- Newlands SchoolUK · KHDA: Good · 2.3 km
- Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 2.8 km
- International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 2.8 km
- Primus Private School L.L.CIndian · KHDA: Good · 2.9 km
- Kings School Nad Al Sheba L.L.CUK · KHDA: Very good · 3 km
- International School of Arts & Sciences L.L.CAmerican · KHDA: Good · 3.2 km
Other buildings in Al Warsan First
Al Warsan First has 319 buildings. A few others to compare O-03 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about O-03
In its favour
- Owners who resold have made money: a median gain of up to 19%.
- A median gross yield of 10.7% 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.
- The nearest running metro station is 7.9 km away, so a car helps.
FAQs
O-03: questions answered
Buying, selling or renting in O-03?
A broker who works Al Warsan First will tell you what is available and what comparable homes went for.