1Wood Residence
Studio
About the building
17-storey residential building in JVC District 14. Developer — Object One Real Estate Development. Architect — CVTEC Consulting Engineers.
Specifications for 1 Wood Residence per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
JVC
Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
- strong gross yields
- deep tenant demand
- accessible entry prices
What to check: Building quality here ranges from genuinely good to genuinely poor and the district average hides both. Visit on a normal weekday, check the parking and the lifts, and pull three years of service charge history before you offer.
Full district guide →Questions and answers about lot NP1-476884
How much is this studio in 1Wood Residence?
Lot NP1-476884 is priced at AED 569 900, about $155 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in JVC?
The database holds 263 lots in JVC. The area median is AED 2 229 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 145 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVC area guide →Is the property ready or still under construction?
The handover date in the listing is 3Q 2026, which has already passed. I will confirm whether the property has actually been handed over when you ask: listings are not always updated.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 114 000; a loan of AED 456 000 over 25 years at 3.75–4.99% a year comes to roughly AED 2 300–2 700 a month. A non-resident puts down from 40% (AED 228 000) and pays about AED 1 800–2 000 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 22 796 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
The lot's price is AED 180 100 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 430 100 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about 1Wood Residence?
The building has 17 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
1Wood Residence project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-476884 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
A mortgage covers the final instalment
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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