Al Warsan 4
About Al Warsan 4
Al Warsan 4 is a popular residential area in eastern Dubai, UAE. It is one of four sub-communities within the bigger Al Warsan development. This neighborhood sits at the crossing point of Sheikh Mohammed bin Zayed Road (E311) and Manama Street aiming to give families a cozy and high-end living experience.
Latest Off Plan Projects in Al Warsan 4
Community Features
Al Warsan 4 Connectivity
Off-Plan Projects In Al Warsan 4
Al Warsan 4 offers different types of homes, including apartments and villas, to suit various budgets and likes. You can find studios, one-bedroom apartments, two-bedroom apartments, and three-bedroom apartments here. When it comes to size, a typical studio flat covers about 500 square feet.
Two bedrooms can range from 1,000 to 1,300 square feet, while three can range from 1,800 square feet. The average built-up area for a three- or four-bedroom villa is about 2,000 to 2,500 square feet.
Average Property Price in The Al Warsan 4
Being one of Dubai’s affordable housing neighborhoods, average property rates in Al Warsan 4 are quite economical compared to other central city areas.
As per the latest market trends:
Rental Trends
Typical annual rents for different apartment types in Al Warsan 4 are:
- Studios - AED 38,000
- 1 Bedroom Units - AED 45,000
- 2 Bedroom Units - AED 51,000
- 3 Bedroom Units - AED 63,000
Sale Price Trends
Average buying prices for apartments in Al Warsan 4 are:
- Studios – AED 523,000
- 1 Bedroom Units – AED 797,000
- 2 Bedroom Units – AED 959,000
Factors impacting property valuations in Al Warsan 4 include location, accessibility, building amenities, apartment sizes, views, etc. Values may vary significantly across different towers and developments.
Average ROI in The Al Warsan 4
Based on the current average 2-bedroom apartment sales price of AED 959,000 in Al Warsan 4, a potential gross rental yield around 5.3% can be achieved if rented out at the prevailing average rate of AED 51,000 per year.
This return on investment may vary slightly across buildings but remains very attractive for buy-to-let investors, given relatively affordable capital values coupled with decent rental demand stemming from Dubai’s increasing population. Additional costs like service charges and brokerage fees on renewals must be factored in to arrive at the final net yield.
As the community expands further, property values are also expected to appreciate delivering attractive capital gains in the long run. The neighborhood hence promises healthy overall returns for real estate investments.
Master Plan of Al Warsan 4
Al Warsan 4 forms part of the larger Al Warsan master plan. While the first three phases have been completed in its entirety, the fourth phase is still partially under development.
The current masterplan envisages the following broad components across Al Warsan 4:
- Primarily low to mid-rise residential apartment towers
- Studio to 3-bedroom units across towers
- Shops and retail outlets on ground floors
- Pocket parks and community recreation spaces
- Schools and educational institutes
- Small clinics and medical centers
- Mosques
- Civil defense and police stations
- Service roads and pedestrian walkways
With its own standalone power substation and sewerage treatment plant, the community aims to be largely self-sufficient in terms of basic infrastructure. Located adjacent to the upcoming Expo City Dubai site (Expo 2020 venue), Al Warsan 4 is also slated to house some ancillary hotels, staff accommodation and offices as part of the expansion plans.
