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Property Makler
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Dubai, UAE US |
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Olivz Residence in International City Phase 1 - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Sales prices for completed properties in Olivz Residence
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 36 | 14,434 | 520,000 |
Rents in Olivz Residence
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| Studio | 35 | 1,150 | 40,250 |
| 1 | 54 | 1,037 | 55,667 |
The cap rate (rental yield) of investments into Olivz Residence project is 7.4% on average.
The price of an apartment in Olivz Residence is 14,434 AED/sqm on average.
The long term rent of an apartment in Olivz Residence is 1,071 AED/sqm/year on average.
Price for completed Studio apartment in Olivz Residence is 520,000 AED or 14,434 AED/sqm.
Rent for Studio apartment in Olivz Residence is 40,250 AED or 1,150 AED/sqm.
Rent for 1 bedroom apartment in Olivz Residence is 55,667 AED or 1,037 AED/sqm.
About Olivz Residence
'Olivz Residence' in 'International City Phase 1' area project description
Olivz Residence is a completed residential development by Danube Properties in Al Warsan First, International City Phase 1, Dubai. It offers 741 units including studios, 1-bedroom, and 2-bedroom apartments across 5 low-rise buildings designed in a 2B+G+6 floor configuration.
Construction started after the sales launch on April 1, 2020, with completion in Q3 2023, specifically September 2023. The project reached 100% progress by May 2024, including building completion certificate, testing, commissioning, RERA certification, and ongoing unit handovers.
The architecture features modern design with high-quality finishes and furnished apartments. Units provide water canal views, emphasizing contemporary living in a peaceful yet connected neighborhood.
The layout consists of 5 interconnected low-rise structures focused on efficient space utilization for families and individuals. Apartments range from compact studios to spacious 2-bedroom options, promoting a vibrant community atmosphere.
Amenities include a health club, swimming pool, kids' swimming pool, gym, fitness center, tennis court, kids' play areas, cycling and jogging track, BBQ areas, gardens and parks, outdoor dining, outdoor gymnasium, outdoor sitting areas, parking facility, restaurant and cafe, retail and dining options, running track, spa and sauna, sports court, and yoga and meditation spaces.
Its location in Al Warsan First ensures excellent connectivity via Sheikh Mohammed Bin Zayed Road to key Dubai hubs: 13 minutes to Dubai International Airport and Dubai Frame, 18 minutes to Downtown Dubai and Dubai World Trade Center, 35 minutes to Al Maktoum International Airport, 10 minutes to Dubai Safari and Meydan Racecourse, and 7 minutes to Dragon Mart. To reach the beach, drive approximately 20-25 minutes west via Sheikh Mohammed Bin Zayed Road (E311) toward Jumeirah Beach Residence or Kite Beach, with easy access to main coastal roads.
Nearby projects by Danube Properties include Petalz in Warsan, Dubai International City, offering studios, 1- and 2-bedroom apartments with pool options in 2 L-shaped low-rise buildings.
The market in International City Phase 1 supports strong demand for affordable, amenity-rich residences due to its central position, proximity to employment hubs, retail malls, dining, and leisure facilities. Recent sales reflect active transactions for studios (around 381 sqft), 1-bedroom (631 sqft), and 2-bedroom (935 sqft) units, aligning with area growth. This setup appeals to modern urban dwellers seeking convenience without city-center intensity.
Olivz Residence is a completed residential development by Danube Properties in Al Warsan First, International City Phase 1, Dubai. It offers 741 units including studios, 1-bedroom, and 2-bedroom apartments across 5 low-rise buildings designed in a 2B+G+6 floor configuration.
Construction started after the sales launch on April 1, 2020, with completion in Q3 2023, specifically September 2023. The project reached 100% progress by May 2024, including building completion certificate, testing, commissioning, RERA certification, and ongoing unit handovers.
The architecture features modern design with high-quality finishes and furnished apartments. Units provide water canal views, emphasizing contemporary living in a peaceful yet connected neighborhood.
The layout consists of 5 interconnected low-rise structures focused on efficient space utilization for families and individuals. Apartments range from compact studios to spacious 2-bedroom options, promoting a vibrant community atmosphere.
Amenities include a health club, swimming pool, kids' swimming pool, gym, fitness center, tennis court, kids' play areas, cycling and jogging track, BBQ areas, gardens and parks, outdoor dining, outdoor gymnasium, outdoor sitting areas, parking facility, restaurant and cafe, retail and dining options, running track, spa and sauna, sports court, and yoga and meditation spaces.
Its location in Al Warsan First ensures excellent connectivity via Sheikh Mohammed Bin Zayed Road to key Dubai hubs: 13 minutes to Dubai International Airport and Dubai Frame, 18 minutes to Downtown Dubai and Dubai World Trade Center, 35 minutes to Al Maktoum International Airport, 10 minutes to Dubai Safari and Meydan Racecourse, and 7 minutes to Dragon Mart. To reach the beach, drive approximately 20-25 minutes west via Sheikh Mohammed Bin Zayed Road (E311) toward Jumeirah Beach Residence or Kite Beach, with easy access to main coastal roads.
Nearby projects by Danube Properties include Petalz in Warsan, Dubai International City, offering studios, 1- and 2-bedroom apartments with pool options in 2 L-shaped low-rise buildings.
The market in International City Phase 1 supports strong demand for affordable, amenity-rich residences due to its central position, proximity to employment hubs, retail malls, dining, and leisure facilities. Recent sales reflect active transactions for studios (around 381 sqft), 1-bedroom (631 sqft), and 2-bedroom (935 sqft) units, aligning with area growth. This setup appeals to modern urban dwellers seeking convenience without city-center intensity.
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