ReadyReady building · Nakheel
P-03, Al Warsan First
Highlights
P-03 at a glance
About P-03
P-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. 5 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 586 per sq ft.
P-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 980 sq ft
- Service charge from AED 7.71 per sq ft
- Centrepoint metro station 7.4 km away
- 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 586
- Median gross yield
- 9.6%
- Service charge
- AED 7.76 per sq ft (2018)
- Nearest metro
- International City 1, 1.3 km
Building details
Inside P-03
Properties in P-03
Studios in P-03
There are about 32 of these in P-03, from 480 sq ft. They have recently sold for a median of AED 326.0K, or AED 670 per sq ft. Owners who resold made a median 1% over what they paid.
1-bedroom apartments in P-03
There are about 28 of these in P-03, from 720 to 910 sq ft. They have recently sold for a median of AED 440.0K, or AED 540 per sq ft.
Commercial units in P-03
There are about 13 of these in P-03, from 370 to 980 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 | AED 326K | AED 31K |
| 1 Bed | 28 | 720 sqft66.9 sqmt – 910 sqft84.5 sqmt | AED 440K | AED 41.5K |
| Commercial | 13 | 370 sqft34.4 sqmt – 980 sqft91 sqmt | No recent sales | – |
Sale trends in P-03
Median sale price
AED 346K
Median per sq ft
AED 586
Median gross yield
9.6%
Price ranges from the most recent registered sales, by unit type:
- 1-bedroom apartments: AED 325.0K to AED 450.0K (721 to 915 sq ft), across 11 sales
- Studios: AED 240.0K to AED 342.0K (484 sq ft), across 9 sales
Rental trends in P-03
1-bedroom homes in P-03 were let for AED 40.0K to AED 43.0K a year across 2 recent contracts, with a median of AED 41.5K.
Yearly rents from recent registered contracts, by unit type:
- 1-bedroom apartments: AED 40.0K to AED 43.0K a year (915 sq ft), across 2 contracts
- Studios: AED 31.0K a year (484 sq ft)
Recent transactions in P-03
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| P-03, France Cluster, International CityReadyApartment | AED 445,783AED 487 /sqftAED 5,242 /sqmt | 915 sqft85 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 317,364AED 656 /sqftAED 7,061 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 335,000AED 692 /sqftAED 7,449 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 440,000AED 592 /sqftAED 6,372 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 400,000AED 538 /sqftAED 5,791 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 450,000AED 624 /sqftAED 6,717 /sqmt | 721 sqft67 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 445,000AED 617 /sqftAED 6,641 /sqmt | 721 sqft67 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 320,000AED 661 /sqftAED 7,115 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 440,000AED 610 /sqftAED 6,566 /sqmt | 721 sqft67 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 342,000AED 707 /sqftAED 7,610 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 320,000AED 661 /sqftAED 7,115 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 420,000AED 565 /sqftAED 6,082 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 280,000AED 579 /sqftAED 6,232 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 365,000AED 506 /sqftAED 5,447 /sqmt | 721 sqft67 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 310,000AED 640 /sqftAED 6,889 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 401,000AED 540 /sqftAED 5,813 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 240,000AED 496 /sqftAED 5,339 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 255,000AED 527 /sqftAED 5,673 /sqmt | 484 sqft45 sqmtStudio | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 325,000AED 437 /sqftAED 4,704 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
| P-03, France Cluster, International CityReadyApartment | AED 350,000AED 471 /sqftAED 5,070 /sqmt | 743 sqft69 sqmt1 Bed | Owner |
P-03, France Cluster
International City
AED 445.8K
AED 487 /sqftAED 5,242 /sqmt
ReadyApartment915 sqft85 sqmt1 BedOwner16 Oct 2026P-03, France Cluster
International City
AED 317.4K
AED 656 /sqftAED 7,061 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner14 Oct 2026P-03, France Cluster
International City
AED 335K
AED 692 /sqftAED 7,449 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner20 Aug 2026P-03, France Cluster
International City
AED 440K
AED 592 /sqftAED 6,372 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner30 Jun 2026P-03, France Cluster
International City
AED 400K
AED 538 /sqftAED 5,791 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner24 Nov 2025P-03, France Cluster
International City
AED 450K
AED 624 /sqftAED 6,717 /sqmt
ReadyApartment721 sqft67 sqmt1 BedOwner28 Oct 2025P-03, France Cluster
International City
AED 445K
AED 617 /sqftAED 6,641 /sqmt
ReadyApartment721 sqft67 sqmt1 BedOwner9 Oct 2025P-03, France Cluster
International City
AED 320K
AED 661 /sqftAED 7,115 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner22 Sept 2025P-03, France Cluster
International City
AED 440K
AED 610 /sqftAED 6,566 /sqmt
ReadyApartment721 sqft67 sqmt1 BedOwner3 Jun 2025P-03, France Cluster
International City
AED 342K
AED 707 /sqftAED 7,610 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner14 May 2025P-03, France Cluster
International City
AED 320K
AED 661 /sqftAED 7,115 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner30 Apr 2025P-03, France Cluster
International City
AED 420K
AED 565 /sqftAED 6,082 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner10 Feb 2025P-03, France Cluster
International City
AED 280K
AED 579 /sqftAED 6,232 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner6 Feb 2025P-03, France Cluster
International City
AED 365K
AED 506 /sqftAED 5,447 /sqmt
ReadyApartment721 sqft67 sqmt1 BedOwner24 Jul 2024P-03, France Cluster
International City
AED 310K
AED 640 /sqftAED 6,889 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner4 Jul 2024P-03, France Cluster
International City
AED 401K
AED 540 /sqftAED 5,813 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner13 Jun 2024P-03, France Cluster
International City
AED 240K
AED 496 /sqftAED 5,339 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner2 Feb 2024P-03, France Cluster
International City
AED 255K
AED 527 /sqftAED 5,673 /sqmt
ReadyApartment484 sqft45 sqmtStudioOwner24 Oct 2023P-03, France Cluster
International City
AED 325K
AED 437 /sqftAED 4,704 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner16 Feb 2023P-03, France Cluster
International City
AED 350K
AED 471 /sqftAED 5,070 /sqmt
ReadyApartment743 sqft69 sqmt1 BedOwner31 Oct 2022
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| P-03, France Cluster, International CityApartmentNew contract | AED 43,000 | 915 sqft85 sqmt1 Bed | to |
| P-03, France Cluster, International CityApartmentRenewal | AED 40,000 | 915 sqft85 sqmt1 Bed | to |
| P-03, France Cluster, International CityApartmentRenewal | AED 31,000 | 484 sqft45 sqmtStudio | to |
P-03, France Cluster
International City
AED 43K/yr
ApartmentNew contract915 sqft85 sqmt1 BedtoP-03, France Cluster
International City
AED 40K/yr
ApartmentRenewal915 sqft85 sqmt1 BedtoP-03, France Cluster
International City
AED 31K/yr
ApartmentRenewal484 sqft45 sqmtStudioto
Service charges in P-03
The 2018 service charge in P-03 is AED 7.76 per sq ft for homes, AED 7.71 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 7.76 | 720 sqft66.9 sqmt – 910 sqft84.5 sqmt | AED 5,587 – AED 7,062 |
| Retail (2018) | AED 7.71 | 370 sqft34.4 sqmt – 980 sqft91 sqmt | AED 2,853 – AED 7,556 |
| Studio Apartment (2018) | AED 7.76 | 480 sqft44.6 sqmt | AED 3,725 – AED 3,725 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around P-03
Transportation near P-03
The nearest Dubai Metro station from P-03 is Centrepoint (red line, 7.4 km, about 17 min drive). Stations planned on new lines nearby include International City 1 (blue line, 1.3 km, about 5 min drive) and Dragon Mart (blue line, 1.4 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
- Dragon MartBlue line · 1.4 km · about 5 min drive
- International City 2Blue line · 2 km · about 6 min drive
- Al WarqaBlue line · 2.8 km · about 8 min drive
- Dubai Silicon OasisBlue line · 4.3 km · about 11 min drive
- Auto MarketBlue line · 4.6 km · about 11 min drive
Shopping and groceries near P-03
The closest is Spinneys / International City, France Cluster, 0.8 km from P-03 (about 10 min walk).
- Spinneys / International City, France ClusterSupermarket · 0.8 km · about 10 min walk
- Lulu Express / France Cluster, International CitySupermarket · 0.8 km · about 10 min walk
- Dragon MartShopping Mall · 1.4 km · about 5 min drive
- Century MallShopping Mall · 5.7 km · about 13 min drive
- Mirdif City CentreShopping Mall · 5.7 km · about 13 min drive
Hospitals and clinics near P-03
The closest is The Osteopathic Health Centre, 6.8 km from P-03 (about 16 min drive).
- The Osteopathic Health CentreHospital · 6.8 km · about 16 min drive
Parks and leisure near P-03
The closest is Mushrif Park, 7 km from P-03 (about 16 min drive).
- Mushrif ParkPark · 7 km · about 16 min drive
Schools near P-03
The nearest is Newlands School, 1.8 km away. Ratings are the KHDA's latest inspection grades.
- Newlands SchoolUK · KHDA: Good · 1.8 km
- Sharjah American International Private School - Dubai BranchAmerican · KHDA: Good · 2.3 km
- International Academic SchoolAmerican · KHDA: Not inspected due to COVID 19 · 2.4 km
- Primus Private School L.L.CIndian · KHDA: Good · 2.4 km
- International School of Arts & Sciences L.L.CAmerican · KHDA: Good · 2.8 km
- Ignite School L.L.CAmerican · KHDA: Acceptable · 2.8 km
Other buildings in Al Warsan First
Al Warsan First has 319 buildings. A few others to compare P-03 with:
- Ready
- Ready
- Ready
- Ready
- Ready
- Ready
Things to consider about P-03
In its favour
- Owners who resold have made money: a median gain of up to 1%.
- A median gross yield of 9.6% 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.
- The nearest running metro station is 7.4 km away, so a car helps.
FAQs
P-03: questions answered
Buying, selling or renting in P-03?
A broker who works Al Warsan First will tell you what is available and what comparable homes went for.