Price from
AED 791.3K
Starting price for 1WOOD Residence 2.

New Launch
1WOOD Residence 2 by Object One delivers 221 studios and one-bedrooms in Jumeirah Village Circle (JVC), priced from AED 791.
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Price from
AED 791.3K
Starting price for 1WOOD Residence 2.
Completion
Q4 2028
Tracked completion target for 1WOOD Residence 2.
Related projects
30
Nearby launches and other Object One projects.
1WOOD Residence 2 by Object One launches in Jumeirah Village Circle (JVC) with studios from AED 791.3K and one-bedrooms up to AED 1.87M, targeting Q4 2028 handover. At AED 19,981–21,097 per sqm for its studio tier, the project prices above JVC's mid-market band — a position that rewards buyers who verify Object One's delivery record and unit specification before committing. With 221 units split evenly between studios and one-bedrooms, the project is compact enough to limit oversupply risk at exit, but JVC's deep pipeline of competing Q4 2028 handovers makes comparative analysis against nearby launches a non-negotiable first step. Buyers weighing off-plan versus ready property in this submarket should resolve developer track record and per-sqm value before placing 1WOOD Residence 2 on any selection.
The 110 studios occupy a tight 39.6–40.39 sqm band priced from AED 791.3K to AED 852.1K, translating to AED 19,981–21,097 per sqm — the project's highest per-sqm tier and the figure that most directly signals its positioning within JVC's off-plan market. The 111 one-bedroom units span a far wider footprint, from 65.25 to 108.32 sqm, with pricing between AED 1.22M and AED 1.87M. Per-sqm on the largest one-bedrooms compresses to AED 15,166, offering materially better value density for buyers who prioritise liveable area over the lowest entry price. Total unit count of 221, split almost equally between the two types, limits the scale risk of a single over-supplied configuration at resale. Budget 5% above the purchase price for the standard Dubai buyer-side fee on top of DLD registration fees and any SPA costs in total acquisition modelling. For yield-focused buyers, an AED 791.3K studio requires approximately AED 55,400 in annual rent to clear 7% gross — achievable in a high-specification JVC building but not guaranteed in a 2028 rental environment shaped by a large competing supply wave. Larger one-bedrooms acquired at the lower end of the per-sqm range carry a more defensible yield floor and represent the strongest risk-adjusted acquisition case within this project.
Jumeirah Village Circle (JVC) is a Nakheel master-planned community that has evolved from a speculative land bank into one of Dubai's most active mid-market residential zones. Positioned between Al Khail Road and Sheikh Mohammed Bin Zayed Road, JVC gives residents practical access to Business Bay and DIFC within 20 minutes and Dubai Marina within 15 — connectivity that sustains strong rental demand from young professionals, couples, and small families priced out of premium waterfront districts. Circle Mall anchors the retail and dining offer, and the volume of completed and occupied towers over the past five years has given JVC a community texture that many comparable Dubai off-plan submarkets lack. For investors, transaction depth is the most important area characteristic: JVC's resale and rental liquidity consistently ranks among Dubai's highest, which matters when evaluating a 2028 exit or tenancy strategy. The risk in JVC is developer fragmentation. Over a hundred active developers operate in the community at varying quality tiers, with off-plan per-sqm pricing ranging from under AED 13,000 for basic product to over AED 20,000 for design-positioned launches. Buyers comparing off-plan projects in JVC must apply per-sqm and developer-quality filters simultaneously. 1WOOD Residence 2 sits at the upper end of that pricing spectrum; the area context supports the investment case only if Object One's product specification and delivery execution justify the premium over what the same budget buys in competing JVC launches.
Object One operates as a boutique developer with a design-forward positioning, concentrating its Dubai pipeline primarily in JVC. That submarket focus creates a directly useful comparison set: Verdan1a 5 and Flu1d One are both Object One JVC projects that allow buyers to assess whether the developer maintains consistent unit specification, finish quality, and pricing logic across successive launches. Elar1s Axis provides a further reference point on Object One's approach to configuration and per-sqm positioning. The core due-diligence question is whether Object One's actual delivered product matches its marketing specification — and whether prior JVC handovers arrived on the contracted date. A boutique developer who has closed out two or three JVC projects cleanly, on time and on spec, offers meaningfully lower execution risk than one whose completion record is thin or mixed. Review DLD project registration and escrow documentation for each comparable Object One project before treating the Q4 2028 target as a firm planning input. If the track record is strong, the per-sqm premium over mid-market JVC product becomes easier to justify on a risk-adjusted basis. If the record is incomplete or marked by delays, the pricing demands either a discount or a portfolio switch to a developer with a longer completion history in the same submarket.
JVC's active off-plan pipeline offers enough competing launches that no buyer should commit to 1WOOD Residence 2 without pricing at least three alternatives head-to-head. Tresora By Wadan and New Project By Empire represent different developer profiles and pricing approaches within the same submarket geography, giving buyers a direct read on what the same AED 791.3K–1.87M budget buys across competing JVC launches. Nexara Tower offers a further comparison on tower typology, unit mix, and handover timing. The variables that shift relative value most significantly between apparently similar JVC projects are price per sqm on comparable unit sizes, payment plan structure and post-handover instalment proportion, DLD escrow registration status, handover timeline relative to competing supply delivery, and amenity depth as a driver of rental premium. A project priced at AED 14,000–16,000 per sqm with comparable specification and a credible developer may deliver a stronger risk-adjusted return than 1WOOD Residence 2's studio tier, depending on the payment plan and exit horizon. For buyers still working through acquisition structure, the buying guide covers off-plan payment mechanics, Dubai ownership costs, and the residency visa thresholds that affect investor calculations in this price range. All selected projects should be benchmarked against the full JVC off-plan landscape to account for the volume of competing handovers expected to reach the rental market in the same 2028 window.

At roughly AED 20,000 per sqm, the studios sit above JVC's broad mid-market pricing band. The premium is defensible only if Object One delivers a demonstrably superior fit-out specification and amenity package. Buyers should request the detailed unit specification sheet and benchmark directly against JVC launches priced at AED 14,000–17,000 per sqm before concluding that the Object One premium is warranted by the finished product.
An AED 791.3K studio requires approximately AED 55,400 in annual rent to achieve 7% gross yield, and AED 63,300 for 8% gross. Well-specified JVC studios have reached rents in this range, but the volume of competing handovers expected in JVC between 2027 and 2029 will pressure achievable rents at the point of delivery. Model conservatively at 6.5–7% gross until the supply picture closer to 2028 becomes clearer, and deduct service charge and a standard void period before stating any net yield figure.
Object One's delivery history on prior JVC projects is the most material due-diligence question for this purchase. Review DLD project registration and escrow status, and check publicly available completion data on [Verdan1a 5](/projects/verdan1a-5), [Flu1d One](/projects/flu1d-one), and [Elar1s Axis](/projects/elar1s-axis). A developer who has closed out JVC projects on schedule materially de-risks a Q4 2028 off-plan commitment. Any documented pattern of delay should either prompt a renegotiated timeline with contractual protections or redirect attention to a competing launch with a stronger completion record.

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