Off-planOff-plan building · Gulf Global Group
Park Avenue 1, Wadi Al Safa 5
Highlights
Park Avenue 1 at a glance
About Park Avenue 1
Park Avenue 1 is a mixed-use building in Wadi Al Safa 5, Dubai, developed by Gulf Global Group. It holds about 164 units: 1-bedroom apartments, 2-bedroom apartments.
Few units have changed hands recently, so prices here are set by a small number of sales. Recent sales went through at a median of AED 584 per sq ft.
Park Avenue 1 is one of 195 buildings in Wadi Al Safa 5: 63 are complete and 116 are still being built.
In a nutshell
- A mixed-use off-plan building
- Located in Wadi Al Safa 5, Dubai
- Developed by Gulf Global Group
- Unit types: 1 Bed, 2 Beds
- Sizes from 440 to 1,730 sq ft
- Service charge from AED 1017.77 per sq ft
- Status
- Off-plan
- Developer
- Gulf Global Group
- Location
- Wadi Al Safa 5, Dubai
- Unit types
- 1 Bed, 2 Beds
- Prices from
- AED 711.0K
- Median price per sq ft
- AED 584
- Service charge
- AED 1024.97 per sq ft (2026)
- Nearest metro
- Academic City, 3.6 km
Building details
Inside Park Avenue 1
Properties in Park Avenue 1
1-bedroom apartments in Park Avenue 1
There are about 162 of these in Park Avenue 1, from 440 to 1,380 sq ft. None has sold recently enough to quote a price.
2-bedroom apartments in Park Avenue 1
There are about 2 of these in Park Avenue 1, from 1,480 to 1,730 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 1 Bed | 162 | 440 sqft40.9 sqmt – 1,380 sqft128.2 sqmt | No recent sales | – |
| 2 Beds | 2 | 1,480 sqft137.5 sqmt – 1,730 sqft160.7 sqmt | No recent sales | – |
Sale trends in Park Avenue 1
Median sale price
AED 710.7K
Median per sq ft
AED 584
Price ranges from the most recent registered sales, by unit type:
- 1-bedroom apartments: one sale at AED 710.7K (1,216 sq ft)
Recent transactions in Park Avenue 1
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Park Avenue 1, Dubai LandReadyApartment | AED 710,700AED 584 /sqftAED 6,286 /sqmt | 1,216 sqft113 sqmt1 Bed | Developer |
Park Avenue 1
Dubai Land
AED 710.7K
AED 584 /sqftAED 6,286 /sqmt
ReadyApartment1,216 sqft113 sqmt1 BedDeveloper29 Apr 2009
Every sale in Park Avenue 1Every rent contract in Park Avenue 1
Service charges in Park Avenue 1
The 2026 service charge in Park Avenue 1 is AED 1024.97 per sq ft for commercial units, AED 1024.97 per sq ft for offices, AED 1017.77 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 |
|---|---|
| Commercial (2026) | AED 1024.97 |
| Offices (2026) | AED 1024.97 |
| Retail (2026) | AED 1017.77 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around Park Avenue 1
Transportation near Park Avenue 1
Stations planned on new lines nearby include Academic City (blue line, 3.6 km, about 9 min drive) and Dubai Silicon Oasis (blue line, 3.9 km, about 10 min drive).
- Academic CityBlue line · 3.6 km · about 9 min drive
- Dubai Silicon OasisBlue line · 3.9 km · about 10 min drive
- International City 2Blue line · 6.2 km · about 14 min drive
- International City 1Blue line · 7.5 km · about 17 min drive
- Global VillageGolden line · 7.6 km · about 17 min drive
Shopping and groceries near Park Avenue 1
The closest is Spinneys / Dubai Silicon Oasis, 1.9 km from Park Avenue 1 (about 6 min drive).
- Spinneys / Dubai Silicon OasisSupermarket · 1.9 km · about 6 min drive
- Dubai Outlet MallShopping Mall · 3.7 km · about 9 min drive
- Spinneys / International City, France ClusterSupermarket · 7.4 km · about 17 min drive
- Lulu Express / France Cluster, International CitySupermarket · 7.5 km · about 17 min drive
Restaurants and hotels near Park Avenue 1
The closest is Abidos Hotel Apartments, 1.1 km from Park Avenue 1 (about 13 min walk).
- Abidos Hotel ApartmentsHotel · 1.1 km · about 13 min walk
Parks and leisure near Park Avenue 1
The closest is Global Village, 7.6 km from Park Avenue 1 (about 17 min drive).
- Global VillagePark · 7.6 km · about 17 min drive
Schools near Park Avenue 1
The nearest is GEMS First Point School L.L.C, 1.1 km away. Ratings are the KHDA's latest inspection grades.
- GEMS First Point School L.L.CUK · KHDA: Very good · 1.1 km
- The Aquila SchoolUK - International Baccalaureate (1 · KHDA: Good · 1.7 km
- The Indian International School (Dso Branch)Indian · KHDA: Good · 2 km
- Lycee Francais International Georges Pompidou School (Dubai Branch)French · KHDA: Very good · 2.3 km
- GEMS Wellington Academy -FzeUK - UK/IB · KHDA: Very good · 2.7 km
- Dubai English Speaking School - (College)UK · KHDA: Outstanding · 2.7 km
Other buildings in Wadi Al Safa 5
Wadi Al Safa 5 has 195 buildings. A few others to compare Park Avenue 1 with:
- Off-plan
4direction Residence 1
Wadi Al Safa 5 · Mera Home
Off-plan
Ready
Off-plan
Off-plan
Things to consider about Park Avenue 1
In its favour
- 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.
- Service charges of up to AED 1024.97 per sq ft are on the higher side for Dubai.
- Still being built: the handover date can move, and the price is paid in stages before you get the keys.
FAQs
Park Avenue 1: questions answered
Buying, selling or renting in Park Avenue 1?
A broker who works Wadi Al Safa 5 will tell you what is available and what comparable homes went for.