Underwrite before you commit
The figures in this post are checked against Dubai Land Department records and RERA filings. Get an independent underwriting score on any project, or ask Javier on WhatsApp.
Overview
Wasl1 1 Residences
is an off-plan development by Wasl in Al Kifaf, Dubai. The supplied fact set covers five priced three-bedroom apartments with asking prices from AED 4,498,000 to AED 4,744,796. This is a narrow priced sample, and the data does not include a total unit count for the project, so the number five should be read as the priced inventory rather than the full scheme.
The project sits well above the AED 2,500,000 threshold that frames this review: no listed units fall at or below that level. Oliva's representation model is as follows: on off-plan the developer pays Oliva's commission and the buyer pays nothing for representation; a 2% + 5% VAT buyer fee applies only to resale and secondary purchases.
All statements in this review are drawn from the published project facts only. Where a fact is absent, the review says what to verify rather than speculating.
Where it sits: Al Kifaf
Al Kifaf is the area named in the data. The only area-level figures supplied are indicative averages across tracked inventory: an average sell price of AED 2,940,898 and an average rent price of AED 16,418. These are not project-specific figures, and they do not describe Wasl1 1 Residences itself.
Because the fact set does not include details on transport, schools, retail or community amenities, a buyer should check those location characteristics directly. Proximity to the city centre, access to Sheikh Zayed Road and nearby metro links are commonly relevant in Al Kifaf, but none of those are confirmed in the current listing data.
More projects in Al Kifaf are listed at projects in Al Kifaf.
Prices and unit mix
The unit price table lists only three-bedroom apartments. Five units are priced, with a minimum price of AED 4,498,000 and a maximum of AED 4,744,796. Sizes range from 1,673 to 1,729.44 square feet. This is a tight price band for a single bedroom type.
None of the five priced units sits at or below the AED 2,500,000 threshold. The supplied count of units under AED 2,500,000 is zero. The overall minimum price is therefore materially above the threshold, and the project's pricing should be assessed against that constraint.
Because only five units are shown, the table may not represent the complete inventory. A buyer should confirm whether additional unit types or price points exist, and whether the three-bedroom sample is the whole offering or a partial list.
Payment plan
The payment plan is very short: two milestones. The data labels them as 10% on booking and 90% after booking. The second milestone is described only as 'After Booking' without an exact date or event.
Handover
is listed as April 2022. Given that date, the timing of the 90% payment is a critical [point](/learn/glossary/point) to confirm. A buyer should establish whether the 90% becomes payable at handover, after a fixed period, or at another milestone, and ensure that obligation is clear in the sale and [purchase agreement](/learn/glossary/purchase-agreement).
What to check before you commit
Escrow. Verify the project's escrow account with the Dubai Land Department. Escrow for off-plan sales is governed by Dubai Law No. (8) of 2007. the published project facts do not include the account details, so request them from the developer or DLD before paying any money.
Oqood. Confirm that the sale will be registered through Oqood, the off-plan registration system, and that your name is recorded with DLD after booking. the published project facts also list a DLD transfer fee of 4%; ask your conveyancer when and how that fee applies to this purchase.
Service charges. No service charge figure exists in the current listing data. Service charges for off-plan projects are established through RERA-approved budgets, which can change. Request the projected budget from the developer and confirm RERA approval before relying on any estimate.
Handover date. Handover is listed as April 2022 in the published project facts. The current year in the data is 2026, so confirm the actual completion status and any revised handover date with the developer and DLD before committing.
Payment plan enforceability. The plan is 10% on booking and 90% after booking. Ask for the exact contractual trigger for the 90% milestone and confirm it is documented in the sale and purchase agreement.
Verdict
Based on the current listing data, Wasl1 1 Residences is a small priced set of three-bedroom apartments in Al Kifaf at a price level above the AED 2,500,000 focus threshold. The payment plan is back-loaded, with 90% due after booking, and the stated handover date predates the current year, so this project suits a buyer who is comfortable with a large post-booking commitment and who is prepared to verify the project's current status.
The facts do not support any claim of future growth. For a specific unit, a free Oliva underwriting report provides a buy or do-not-buy verdict based on the unit's price, payment plan and contractual risks. No outcome is promised.
Frequently Asked Questions
Is the escrow account for Wasl1 1 Residences protected?
Off-plan escrow is governed by Dubai Law No. (8) of 2007. Buyers should verify the specific escrow account with the Dubai Land Department and ensure all payments are made into that account. the published project facts do not include the account details.
When is handover for Wasl1 1 Residences?
Handover is listed as April 2022 in the current listing data. Because the current year is 2026, buyers should confirm the current completion status and any revised handover date with the developer and DLD.
What are the service charges for Wasl1 1 Residences?
No service charge figure is included in the published project facts. Service charges are set through RERA-approved budgets and can change; request the projected budget from the developer and confirm RERA approval.
What is the payment plan for Wasl1 1 Residences?
The payment plan has two milestones: 10% on booking and 90% after booking. The exact due date for the 90% milestone is not specified in the data beyond the label 'After Booking'.
Is Wasl1 1 Residences a good investment?
The data does not support an investment conclusion. It shows five three-bedroom units priced from AED 4,498,000 to AED 4,744,796 in Al Kifaf, with a back-loaded payment plan and handover stated as April 2022. The free Oliva underwriting report gives a per-unit buy or do-not-buy verdict.
What is the starting price and cheapest unit type at Wasl1 1 Residences?
The cheapest listed unit is a three-bedroom apartment from AED 4,498,000. The price table contains only three-bedroom units, with five priced in total.
Related articles

Palm Beach Towers review: what buyers should check in 2026

Casa review: what buyers should check in 2026

Sobha One review (2026): prices, payment plan, checklist

Sukoon by Sanzen vs Sobha Solis: which to buy in 2026

Sobha Solis vs Sobha One: which to buy in 2026

Empire Lake Views vs Celesto 2: which to buy in 2026
Related Dubai property analysis from the Oliva editorial team.
