1. Area definition and data structure
Actual location: According to DLD, the building Park Views Residences A belongs to the Al Kifaf area, master project Wasl 1. All quantitative comparisons in this report are made against these administrative units.
2. Liquidity and transaction volume
For Park Views Residences A (1-bedroom apartments) there has been substantial transaction activity over the last 12 months: 10 sales of 1-bedroom units. This indicates good initial liquidity for the project, especially considering it is a new building. For comparison, across the entire Wasl 1 master project over the same period there were 164 transactions involving 1-bedroom apartments, which confirms strong overall demand for the area among buyers at the handover and launch stages of new projects.
3. Price dynamics per m² for the building and the area
The average price per m² in Park Views Residences A for 1-bedroom apartments over the last 12 months stands at 24,530 AED. Across the Wasl 1 master project, the average level is 22,630 AED/m² (the result is identical for the Al Kifaf area). Thus, Park Views Residences A maintains roughly an 8% premium to the average market level within the master project.
Price dynamics for the building (data by quarter from 2024):
– 2024 Q2: 24,558 AED/m²
– 2024 Q3: 22,732 AED/m²
– 2024 Q4: 23,796 AED/m²
– 2025 Q1: 24,621 AED/m²
– 2025 Q2: 23,708 AED/m²
There is an increase in the average price per m² at the commissioning and handover stage, but overall volatility is low: quarter-on-quarter fluctuations within 8–10% are considered normal for a new project.
Price dynamics across the entire Wasl 1 show a wider spread, as all phases and different development stages are included, but the overall trend has been for significant growth since 2022 (from roughly 18,000 to 22,000+ AED/m² over the last year and a half).
4. Rental dynamics and levels
There are currently no recorded rental contracts in DLD for 1-bedroom apartments in Park Views Residences A (and similarly for the Wasl 1 master project), which is explained by the novelty of the asset and the still-forming pool of tenant-residents. Accordingly, there is no detailed information from DLD on the range or average rental rate specifically for this building or project.
In the Al Kifaf area, however, there is a steady upward trend in average rent per m² for residential apartments (without breakdown by number of bedrooms, as there is also insufficient data specifically for 1-bedroom units). Since 2021, the average rental rate per m² has increased from 560 to 1,140 AED/m²/year at the current moment (across all apartments). Over the last 4 quarters, the average level has remained in the 1,080–1,180 AED/m²/year range, indicating stable tenant demand in the area.
5. ROI and “investment fair value”
Due to the lack of up-to-date rental contracts for the building and the master project broken down by unit type, a full yield calculation based on DLD data is not possible. Relying solely on the overall rental level in Al Kifaf (1,140 AED/m²/year), we can estimate an indicative gross yield when buying at the current market price in Park Views Residences A (24,530 AED/m²):
– Area-based estimate: 1,140 / 24,530 = 4.6% per annum (gross).
– To achieve an investment yield of 7–8% per annum, the fair purchase price would need to be in the range of 14,250–16,285 AED/m² (calculation: 1,140 / 0.08 and 1,140 / 0.07), which is significantly below the current price level in the new building (~24,500 AED/m²).
The market premium is explained by the building’s newness, but for an investor focused on rental income, a purchase at the current price level can only be justified by a strong bet on rapid capital appreciation or by personal use, rather than a traditional rental-yield model.
If we factor in entry costs of around 7% (taxes, commissions, associated expenses), the net yield is even lower — under 4.3% per annum, which is substantially below the current average for residential districts in Dubai.
6. Conclusions and outlook
At the market entry stage, Park Views Residences A demonstrates high sales liquidity: a significant number of units have been sold over the year, and in the next 1–2 years the rental supply will grow as new owners bring their units to market. However, the current yield level for an investor focused on passive rental income is well below typical target benchmarks (7–8% per annum). The main reason is the high entry point, which is typical for new projects from a reliable developer in a prime location at or just after handover.
Rental demand in Al Kifaf is consistently strong, rental rates are rising slowly but steadily, and the outlook for rental market dynamics is positive. For a long-term buyer targeting capital appreciation (or personal residence in a new building with top-tier infrastructure), the location looks promising. For investors focused purely on yield, it is reasonable to wait either for discounts from sellers or to focus on less new (but cheaper on entry) buildings in the area.
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