K1 in Wadi Al Safa 5 - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in K1

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	40	11,750	470,000
1	184	4,020	740,000

Rents in K1

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	74	804	59,500

The cap rate (rental yield) of investments into K1 project is 14.9% on average.

The price of an apartment in K1 is 5,400 AED/sqm on average.

The long term rent of an apartment in K1 is 804 AED/sqm/year on average.

Price for completed Studio apartment in K1 is 470,000 AED or 11,750 AED/sqm.
Price for completed 1 bedroom apartment in K1 is 740,000 AED or 4,020 AED/sqm.

Rent for 1 bedroom apartment in K1 is 59,500 AED or 804 AED/sqm.

About K1

'K1' in 'Wadi Al Safa 5' area project description

K1 is a major development project located in the heart of Dubai, United Arab Emirates. The project is a joint venture between the Dubai government and a private developer, and it is set to become one of the most iconic and luxurious destinations in the city.

K1 is a mixed-use development that will feature a variety of residential, commercial, and leisure facilities. The project will include a five-star hotel, luxury residences, retail outlets, and a range of entertainment and leisure options. The development will also feature a marina, a beach club, and a range of recreational activities.

The project will be built on a total area of 1.2 million square meters, and it will be located in the heart of Dubai’s business district. The development will be connected to the city’s metro system, and it will be within easy reach of the city’s major attractions.

K1 will be a world-class destination that will offer a unique experience for visitors and residents alike. The development will feature a range of modern amenities and facilities, including a state-of-the-art health and fitness center, a shopping mall, and a variety of restaurants and cafes. The project will also feature a range of luxury amenities, such as a spa, a golf course, and a range of leisure activities.

K1 is set to become one of the most iconic and luxurious destinations in Dubai. The project will offer a unique experience for visitors and residents alike, and it will become a major landmark in the city. The development is set to be completed in 2021, and it is expected to become one of the most sought-after destinations in the city.

Q&A on K1

What are the advantages of 'K1' project in Dubai for property buyers? What are the disadvantages?

1. Low Cost of Living: K1 project in Dubai offers affordable housing options for real estate buyers. This makes it an attractive option for those looking for a cost-effective place to live.

2. High Rental Yields: K1 project in Dubai offers high rental yields for real estate buyers. This makes it a great option for those looking to invest in property.

3. Strategic Location: K1 project in Dubai is strategically located close to the city’s main attractions, including the Dubai Mall and the Burj Khalifa. This makes it an ideal place to live for those who want to be close to the action.

4. Quality Construction: K1 project in Dubai is built with high-quality materials and construction standards. This ensures that the property will remain in good condition for a long time.

5. Amenities: K1 project in Dubai offers a range of amenities for its residents, including a swimming pool, gym, and other recreational facilities. This makes it a great option for those looking for a comfortable place to live.