Wasl 1 property prices: price per sq ft and sales in 2026
Property prices in Wasl 1 stand at a median AED 23,706 per m² (AED 2,202 per sq ft) over the last 12 months, based on the 349 residential sales registered with the Dubai Land Department between October 16, 2025 and October 16, 2026. That is an increase of 3.4% on the previous 12 months. Sales reached AED 1.0 billion.
- AED 23,706median price per m²
- AED 2,202median price per sq ft
- 349sales in 12 months
- +3.4%change year on year
- 70.2%off-plan share of sales
With a price per m² 27.8% above the Dubai median (AED 18,545/m²), Wasl 1 sits in the core of the Dubai market (#45 of 154 by price per m²). 70.2% of sales are off-plan: the area is driven by developer launches.
Apartment and villa prices in Wasl 1
Median sale price and median size by unit type and bedrooms, DLD sales over the last 12 months.
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 1 bedroom | 66 | AED 1,905,388 | 83 m² |
| Apartment · 2 bedrooms | 190 | AED 2,700,388 | 113 m² |
| Apartment · 3 bedrooms | 91 | AED 4,070,433 | 162 m² |
Price per m² range in Wasl 1
Half of the sales over the last 12 months closed between AED 21,581 and AED 25,311 per m² (AED 2,005 to 2,351 per sq ft). The spread reflects floor, view, building age and finish level: these are the points that drive the price.
Wasl 1 price trend since 2019
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 59 | AED 15,598 | AED 1,449 | — |
| 2020 | 55 | AED 13,639 | AED 1,267 | -12.6% |
| 2021 | 104 | AED 14,499 | AED 1,347 | +6.3% |
| 2022 | 466 | AED 17,365 | AED 1,613 | +19.8% |
| 2023 | 689 | AED 19,022 | AED 1,767 | +9.5% |
| 2024 | 851 | AED 21,892 | AED 2,034 | +15.1% |
| 2025 | 775 | AED 23,491 | AED 2,182 | +7.3% |
| 2026 (to mid-October) | 239 | AED 23,550 | AED 2,188 | +0.3% |
Rents and rental yield in Wasl 1
Median annual rent of Ejari contracts started over the last 12 months. Indicative gross yield: 1 bedroom 5.5%, 2 bedrooms 5.6%, 3 bedrooms 5.4%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 240 | AED 105,000 | 95,000 – 112,000 | AED 105,000 |
| Apartment · 2 bedrooms | 364 | AED 150,000 | 140,000 – 160,000 | AED 150,000 |
| Apartment · 3 bedrooms | 29 | AED 220,000 | 195,000 – 245,000 | AED 222,500 |
Most traded projects in Wasl 1
| Project (DLD name) | Sales 12 months | Median / m² | Off-plan sales |
|---|---|---|---|
| Avenue Park Towers | 144 | AED 24,995 | 100% |
| 1 Residences | 59 | AED 21,713 | 0% |
| Park Gate Residences | 45 | AED 20,663 | 0% |
| Park Views Residences A | 39 | AED 23,165 | 100% |
| Park Views Residences B | 38 | AED 21,990 | 100% |
Off-plan projects in Wasl 1
4 Wasl 1 projects have an off-plan page: developer, progress in the DLD register, prices by unit type and price list.
Getting around Wasl 1
Landmarks most often recorded in the area's DLD transactions:
- Nearest metro: Al Jafiliya Metro Station
- Shopping mall: Dubai Mall
- Landmark: Burj Khalifa
Compare with other areas
Areas with a similar price per m²:
- Al Kifaf — AED 23,706/m² · Al Kifaf rents
- Dubai Hills - Maple 1 — AED 23,508/m² · Dubai Hills - Maple 1 rents
- Sama Al Jadaf — AED 23,463/m² · Sama Al Jadaf rents
- Expo City — AED 23,148/m² · Expo City rents
- Al Thanyah Fifth — AED 24,306/m² · Al Thanyah Fifth rents
- The Sustainable City — AED 22,982/m² · The Sustainable City rents
Frequently asked questions
What is the price per square foot in Wasl 1?
The median is AED 2,202 per sq ft (AED 23,706 per m²), across 349 residential sales registered with the DLD from October 16, 2025 to October 16, 2026.
How much is an apartment in Wasl 1?
A one-bedroom sold for a median AED 1,905,388 (83 m²) and a two-bedroom for AED 2,700,388 (113 m²) over the last 12 months, according to DLD sales.
Are prices rising in Wasl 1?
The median price per m² moved +3.4% between the previous 12 months (AED 22,930/m²) and the last 12 months (AED 23,706/m²).
Off-plan or ready property in Wasl 1?
70.2% of sales over the last 12 months were off-plan and 29.8% were ready homes. Off-plan gives access to developer payment plans; ready homes can be rented out straight away. A Cevitas advisor compares both on your budget.
What rental yield can you expect in Wasl 1?
Dividing the median Ejari annual rent by the median DLD sale price gives an indicative gross yield of 5.5% for a 1 bedroom, 5.6% for a 2 bedrooms, 5.4% for a 3 bedrooms, before service charges and vacancy.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.