1WOOD Residence 2 by Object 1 at Jumeirah Village Circle (JVC)

1WOOD Residence 2 by Object 1 is the 2nd phase of the popular development at Jumeirah Village Circle. The builder keeps realising the idea of natural comfort and urban sustainability. The architecture of 1WOOD Residence 2 tends towards a modern minimalist style, with an emphasis on natural textures and a warm palette. Wood is used for the façades design, which is a rare finish material for properties in Dubai. The development occupies a total of 18 floors with 10 residential levels, and the rest being office space and infrastructure facilities.

Properties at 1WOOD Residence 2 by Object 1 include studios and 1 and 2-bedroom apartments. The size varies from 426 sqft (40 m²) to 1,307 sqft (121 m²). In total there are 191 residences within the project in a variety of planning solutions. The interior design is inspired by nature with soft tones and natural materials. Smart technologies are implemented in the temperature and lighting control systems for the comfort of living.

The amenities of the complex are spread over 4 podium levels, among which are a panoramic swimming pool with a lounge space, a fitness centre, a children's pool, a playing room, a clubhouse, and barbecue areas. A crossfit zone and a children's playground are set up outdoors. All infrastructure in 1WOOD Residence 2 at JVC is focused on the comfortable and active lifestyle of families with children and young professionals. The project will also appeal to entrepreneurs due to the availability of office spaces on the first two floors.

1WOOD Residence 2 is conveniently located within JVC. This is one of the most sought-after areas of Dubai, well suited for both living and investment. The location is characterised by excellent transport accessibility due to its proximity to Al Khail Road and Sheikh Mohammed Bin Zayed Road. For example, Dubai Marina and The Walk JBR can be reached in a 20-minute drive and Palm Jumeirah in 25 minutes. The distance to Dubai Intl. Airport (DXB) is about half an hour away.

Home buyers at JVC will appreciate the developed infrastructure of the area. Within a 15-minute drive there are several shopping centres — Circle Mall, City Centre Me'aisem and Dubai Hills Mall. Within walking distance are educational institutions Sunmarke School, Arcadia School and JSS International School, as well as medical centres, supermarkets, beauty salons, cafes and fitness clubs.

Last year average rental yields for 1-bedroom apartments at JVC reached 6-7% per annum. Property values in the area also continue to increase, but are still affordable compared to central Dubai locations. These factors are encouraging investors focused on capitalisation and short-term rentals.

Prices for apartments at 1WOOD Residence 2 by Object 1 start from 788 000 AED (214 500 $) for studios. 1-bedroom residences are available from 1 109 000 AED (301 900 $) and 2-bedroom residences from 1 814 000 AED (493 000 $). To buy a property at 1WOOD Residence 2 at JVC it is possible to use the favourable terms of interest-free payment plan from the developer with an opportunity to cover a part of the cost upon handover.

Frequently Asked Questions About 1WOOD Residence 2 by Object 1