1WOOD RESIDENCE

OVERVIEW

1WOOD Residence is an off-plan commercial and residential development by Object 1 in Jumeirah Village Circle (JVC), Dubai, with completion targeted for Q4 2027. The project provides commercial office units within a mixed-use development in one of Dubai's most established mid-market residential communities, where the growing residential population creates structural demand for professional services, healthcare, and small business commercial space. Units are priced from AED 2,200 per square foot. Payment plan terms and specific unit configurations should be confirmed directly with Object 1. The 1WOOD design concept implies natural materials and a biophilic approach, consistent with growing occupier preference for wellness-oriented workplace environments in Dubai's commercial market.

OFFICE STOCK AND TENANT PROFILE

As an off-plan development under construction, 1WOOD Residence does not have an established tenant profile at the time of writing. Specific floor plate configurations, unit sizes, total unit count, and building height should be confirmed with Object 1, as comprehensive public specifications are not consistently available at this stage. The commercial units occupy the lower floors of a mixed-use development, suited to the small business, professional services, and SME occupier profile typical of the JVC commercial market. JVC's expanding residential population provides a structural customer and occupier demand base for community-serving commercial operators. Object 1 is an established UAE developer with a portfolio of JVC mixed-use residential and commercial projects.

RENTAL MARKET

As an off-plan development, 1WOOD Residence has no established rental market at the time of writing. Indicative projections based on a gross yield approach suggest a conservative gross return of approximately 8 percent on acquisition price — approximately AED 200 per square foot per annum — a practical scenario of 10 percent (approximately AED 225 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 275 per square foot per annum). Commercial yields in Dubai are structurally higher than residential, supported by shorter lease cycles and strong occupier demand in a supply-constrained market. Actual returns will depend on market conditions at handover and quality of occupier secured. Independent rental appraisal is strongly recommended prior to any acquisition commitment.

SALES MARKET

1WOOD Residence is offered off plan at AED 2,200 per square foot — one of the more accessible commercial price points in the Dubai off-plan market. Payment plan terms and DLD project registration status should be confirmed directly with Object 1 before committing. The strata commercial units will be individually titled on completion, providing freehold ownership and open-market transactability. Prospective purchasers should conduct due diligence on Object 1's track record across comparable JVC projects, verify the escrow account structure, and confirm commercial unit specifications before committing. All off-plan purchases carry inherent delivery and timing risk. Independent legal review and specialist commercial property advice are recommended.

LOCATION AND ACCESS

1WOOD Residence is situated in Jumeirah Village Circle (JVC), one of Dubai's most established mid-market residential and mixed-use communities, with road access via Al Khail Road and Sheikh Mohammed Bin Zayed Road providing connectivity to central Dubai and the wider emirate. JVC is predominantly road-accessed at present, with proximity to Dubai Hills, Dubai Sports City, and Dubai Marina. The surrounding JVC community benefits from a mature residential population and retail network including Circle Mall, providing food and beverage and retail amenity for commercial occupiers and a captive customer base for community-serving businesses. Dubai International Airport is accessible within approximately twenty minutes by road.

RISKS AND WATCHPOINTS

As an off-plan development, 1WOOD Residence carries construction and delivery risk with Q4 2027 completion subject to change. Commercial units within a mixed-use residential development may limit appeal to larger corporate occupiers or institutional investors seeking a pure commercial environment. JVC is an established residential community but a developing commercial destination, and rental demand for commercial podium units is less predictable than in mature submarkets. Object 1's track record on comparable JVC commercial projects should be verified before committing. At AED 2,200 per square foot, the entry price should be benchmarked against comparable JVC transactions to assess relative value. Service charge structures and car parking provision should be confirmed.

STRATEGIC PERSPECTIVE

1WOOD Residence targets the accessible end of the JVC commercial market: small business owner-occupiers, professional services firms, and yield-focused investors for whom a cost-effective freehold position in a densely populated residential community justifies the development risk. The growing JVC residential population provides a structural demand base for community-facing commercial occupiers. Object 1's established JVC delivery track record reduces developer risk relative to newer market entrants. The investment case rests on the continued densification of JVC as a mixed-use community and on achieving sustainable commercial rental rates at the offered entry price. The AED 2,200 per square foot price point provides a more accessible entry than the majority of Dubai off-plan commercial product.