1BR in Park Residency, Warsan 4 at AED 1,000,000 - 10% Below Original Price

Property Overview

A 1-bedroom apartment in Park Residency, Al Warsan 4, offered at AED 1,000,000. The original purchase price was AED 1,111,111, placing this unit at a 10% discount and a saving of AED 111,111. The apartment measures 828 sqft at a rate of AED 1,208 per sqft. This is unit 214 within the development.

Property Highlights

• Unit: 214
• Type: 1-bedroom apartment
• Size: 828 sqft
• Asking price: AED 1,000,000
• Original price: AED 1,111,111
• Saving: AED 111,111 (10%)
• Rate: AED 1,208 per sqft
• Handover: Q3 2029
• Tenure: Freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 1,111,111. The asking price of AED 1,000,000 represents a straight 10% discount, equalling a saving of AED 111,111. This calculation has been verified arithmetically: 111,111 divided by 1,111,111 equals exactly 10.0%.

No DLD transaction records exist for Park Residency as of October 2026. The project only commenced construction in July 2026, meaning no units have been registered through the Dubai Land Department yet. Buyers should request the original SPA to independently confirm the stated purchase price.

For context, Property Finder lists 1BR units in Park Residency starting from AED 966,000 for 690 sqft layouts. The agent unit at 828 sqft with an OP of AED 1,111,111 suggests a larger layout commanding a higher developer price, which is consistent with expected pricing variation across different floor plans.

About Park Residency and the Developer

Park Residency is developed by Park Group and is located in Al Warsan 4, forming part of International City Phase 2. The development is a single residential building offering studio, 1-bedroom and 2-bedroom apartments in a freehold arrangement.

Construction commenced on 21 July 2026, with handover projected for Q3 2029. The developer payment plan follows a 20/30/10/40 structure, where 40% is payable through a post-handover payment plan.

Amenities and Facilities

Park Residency features a rooftop leisure deck, swimming pool, gymnasium, landscaped gardens, a children playground, retail outlets on the ground level, covered parking and 24/7 security services.

Location and Connectivity

Al Warsan 4 sits within the broader International City Phase 2 district in Dubai. The area has seen increasing residential development and offers access to nearby retail centres, dining options and major arterial roads. The location provides connectivity to key Dubai corridors serving both eastern and central parts of the city.

Payment Plan and Handover

The developer payment structure is 20/30/10/40, with 20% due at booking, 30% during construction, 10% on handover and 40% through a post-handover payment plan. Buyers acquiring this resale unit should confirm what portion of the original payment plan has been completed and what obligations transfer with the unit. The handover is expected in Q3 2029.

Verification Notes

The asking price, original purchase price, unit number, size and property type are sourced from the agent brief. The 10% discount and AED 111,111 saving are calculated figures. Project details including developer name, payment plan structure, construction start date and handover timeline are sourced from Property Finder. No DLD transaction history exists for this project as construction only began in July 2026. Buyers should independently verify all figures through the original SPA and confirm the handover timeline with the developer.