1Wood Residence
1Wood Residence Offered by Buy Dubai Off-Plan
1Wood Residence

1Wood Residence

by Object 1 in Jumeirah Village Circle View on map Completed

Starting price
AED 650,000
Payment plan
70/30
Handover
Q3 2025

≈ € 156,000

This project was completed in Q3 2025. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 650,000 ≈ € 156,000 What will my monthly payments be?
Payment plan 70/30 70% during construction, 30% at handover
Handover Q3 2025 Completed
Bedrooms Studio
Property type
Apartment
Floor area
35 to 119 m²
Developer
Object 1

About 1Wood Residence

  • Luxury apartments in the popular Jumeirah Village Circle

  • Modern studios with areas ranging from 34.75 to 119.01 sq m

  • Renowned developer with a strong reputation

  • Favourable payment plan: 70% during construction, 30% on completion

  • Completion anticipated in the third quarter of 2025

1Wood Residence at Jumeirah Village Circle (Dubai): Luxury villas by Object 1 Development

1Wood Residence is a new off-plan property project in the vibrant Jumeirah Village Circle, one of Dubai’s most sought-after residential areas. This project offers luxury apartments with a modern aesthetic, designed for both investors and residents seeking a high-quality lifestyle. The developer, Object 1 Development, is known for quality projects and has added another gem to the Dubai property market with 1Wood Residence. The project combines stylish architecture with practical amenities, making it an excellent choice for those looking to invest in Dubai. With a completion date in Q3 2025, this project provides ample time to plan a phased investment. Prices start from AED 635,136, making it an accessible option for both first-time and experienced investors. The combination of location, quality, and price makes 1Wood Residence an attractive opportunity in Dubai’s dynamic real estate market.

Villa types and layouts at 1Wood Residence Jumeirah Village Circle (Dubai)

1Wood Residence offers exclusively apartments, specifically studios ranging in size from 34.75 to 119.01 sq m. These compact yet functional spaces are ideal for singles, young couples, or investors seeking a profitable rental option. The studios are cleverly designed to guarantee maximum space utilisation without compromising on comfort or style. Modern finishes and high-quality materials contribute to a luxurious appearance, while practical elements such as fitted kitchens and spacious bathrooms enhance the living experience. Although the project focuses on studios, the larger units provide ample space for a comfortable living environment. The diversity in areas ensures a suitable option is available for every need and budget. This makes 1Wood Residence attractive not only for residents but also for investors seeking a versatile portfolio.

About the developer Object 1 Development and the 1Wood Residence design

Object 1 Development, the developer behind 1Wood Residence, has a proven track record in delivering high-quality property projects in Dubai. Their attention to detail and commitment to quality are evident in every aspect of this project. The building itself is designed with modern architecture that is both stylish and functional. The common areas, such as the lobby and any recreational facilities, are carefully appointed to ensure a luxurious appearance. Furthermore, the developer places great importance on sustainability and innovation, ensuring 1Wood Residence is not only beautiful but also future-proof. The combination of solid construction methods and aesthetically sound designs makes this project a reliable investment. For international investors, it is reassuring to know they are dealing with a reputable party that delivers on its promises.

Location and Area

Jumeirah Village Circle, or JVC, is one of Dubai’s fastest-growing residential areas. It is known for its green environment, family-friendly atmosphere, and excellent connectivity to the rest of the city. 1Wood Residence benefits from this favourable location, allowing residents and investors to enjoy a perfect balance of tranquillity and accessibility. In the immediate vicinity, you will find numerous amenities such as schools, shops, restaurants, and parks, making it a self-sufficient community. The area is also excellently connected to major highways, placing Dubai’s business centre and other hotspots such as Dubai Marina and Downtown Dubai within easy reach. This combination of livability and investment potential makes JVC an ideal location for property projects. 1Wood Residence capitalises on this by offering quality homes in an area with strong value growth.

Flexible payment plan for 1Wood Residence villas

The payment plan for 1Wood Residence is specifically designed to offer investors flexibility and security. Only 70% of the purchase price is due during the construction phase, with the remaining 30% due only upon final completion. This phased system reduces financial pressure and allows the investment to be spread over a longer period. This is an attractive option for investors, as it offers the opportunity to benefit from the growing property market without requiring a large initial capital outlay. The payment plan is transparent and straightforward, with no hidden costs or unexpected obligations. If you have questions regarding the financial aspects, you can always consult your property advisor in Dubai, who will be happy to provide you with tailored advice. This makes investing in 1Wood Residence not only lucrative but also accessible and secure.

Amenities

Payment plan for 1Wood Residence

70%30%
70%
During construction, in instalments
AED 455,000
≈ € 109,000
30%
After handover
AED 195,000
≈ € 47,000

Monthly payments and your own funds

How much do you need for 1Wood Residence, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 987

≈ € 240 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 455,000≈ € 109,200
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 195,000≈ € 46,800
Purchase costs4% DLD fee and mortgage costs
AED 29,308≈ € 7,000
Total funds required
AED 484,308≈ € 116,200
Request finance guidance for 1Wood Residence
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of 1Wood Residence

Location

Jumeirah Village Circle, Dubai
Open in Google Maps

About Object 1

Object 1 is a leading developer in Dubai, specialising in off-plan property projects. On this page, you will find a complete overview of all projects currently under development. From luxury apartments to modern villas, Object 1 offers diverse investment opportunities. One of the most talked-about projects is the recently announced Skyline Residence in Business Bay, with units starting from AED 1,200,000 and areas starting from 75 m².

In addition, Marina Heights is a popular project in Dubai Marina, where investors can benefit from sea and skyline views. Every Object 1 project is characterised by attention to detail, high-quality materials, and strategic locations. Are you interested in a specific project? Please contact us for more information.

All projects by Object 1

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.