lridian Park 1: off-plan project in Jumeirah Village Circle
lridian Park 1 is an off-plan residential apartment project in Jumeirah Village Circle, registered with the Dubai Land Department as project no. 3764 and developed by Obj1 Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 34 off-plan sales were registered there at a median price of AED 792,594 (AED 1,329 per sq ft); 80% of sales fall between AED 483,813 and AED 1,330,758.
- 34off-plan sales in 12 months
- AED 792,594median sale price
- AED 1,329median price per sq ft
- 0%construction progress (DLD)
- December 2026end date in the register
- 76registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 1,329 per sq ft, lridian Park 1 is 16.3% below the median of off-plan sales across the 83 projects tracked in Jumeirah Village Circle (AED 1,588 per sq ft), and 24.8% below the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 34 off-plan sales in 11 months since the first registered sale (November 2025), about 3 a month; number 56 by sales in Jumeirah Village Circle over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end December 2026.
- Profile: the best-selling type (apartment · 1 bedroom) makes up 58.8% of sales, alongside 2 other types.
lridian Park 1: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3764 |
| Registered developer | Obj1 Real Estate Development L.L.C (developer no. 1894) |
| Master developer | Nakheel.(p J S C) |
| Community (master project) | Jumeirah Village Circle |
| DLD area | Al Barsha South Fourth |
| Register status | pending |
| Construction progress | 0% |
| Project start | June 30, 2025 |
| Planned end | December 30, 2026 |
| Registered units | 76 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
lridian Park 1 off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 741,648.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 10 | AED 741,648 | 347,015 – 835,517 | 47 m² (506 sq ft) | AED 1,486 |
| Apartment · 1 bedroom | 20 | AED 848,882 | 631,908 – 1,272,831 | 72 m² (775 sq ft) | AED 1,070 |
| Apartment · 2 bedrooms | 4 | AED 1,286,612 | — | 106 m² (1,141 sq ft) | AED 1,141 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 58.8% of off-plan sales, with a median size of 72 m² (71 to 78 m² for 80% of them).
- Apartment · 1 bedroom: 58.8% (20 sales)
- Apartment · Studio: 29.4% (10 sales)
- Apartment · 2 bedrooms: 11.8% (4 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
lridian Park 1 off-plan price by quarter
The median off-plan price per sq ft moved from AED 1,559 in Q4 2025 to AED 825 in Q3 2026 (-47.1%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q4 2025 | 13 | AED 1,559 | — |
| Q1 2026 | 3 | AED 1,458 | — |
| Q3 2026 | 17 | AED 825 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Jumeirah Village Circle
To gauge the rental market around lridian Park 1: annual rents of Ejari contracts registered in Jumeirah Village Circle over the last 12 months (30,318 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 8,159 | AED 48,000 | 42,000 – 55,000 |
| Apartment · 1 bedroom | 15,914 | AED 70,000 | 60,000 – 79,562 |
| Apartment · 2 bedrooms | 4,662 | AED 95,000 | 80,000 – 115,358 |
| Apartment · 3 bedrooms | 515 | AED 138,971 | 115,000 – 155,000 |
| Apartment · 4 bedrooms | 21 | AED 150,000 | 134,000 – 212,500 |
| Villa / townhouse · 1 bedroom | 74 | AED 110,000 | 105,000 – 115,500 |
| Villa / townhouse · 2 bedrooms | 134 | AED 170,000 | 145,000 – 190,000 |
| Villa / townhouse · 3 bedrooms | 416 | AED 175,000 | 150,000 – 200,000 |
| Villa / townhouse · 4 bedrooms | 381 | AED 200,000 | 170,000 – 230,000 |
| Villa / townhouse · 5+ bedrooms | 42 | AED 200,000 | 187,750 – 250,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is lridian Park 1?
lridian Park 1 is in Jumeirah Village Circle (DLD area Al Barsha South Fourth), Dubai.
- Nearest metro station: Dubai Internet City
- Nearest shopping mall: Marina Mall
- Nearest landmark: Sports City Swimming Academy
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Jumeirah Village Circle
- All DLD sales at lridian Park 1 (new and resale)
- Jumeirah Village Circle property prices
- Jumeirah Village Circle rents
- All Obj1 Real Estate Development L.L.C projects
Other off-plan projects in Jumeirah Village Circle
- Serenz by Danube — AED 2,257/sq ft
- Binghatti Amberhall — AED 1,683/sq ft
- Auresta Tower — AED 1,619/sq ft
- Stax — AED 1,451/sq ft
- Pearl House IV by Imtiaz — AED 1,655/sq ft
- Binghatti Ruby — AED 1,976/sq ft
- Binghatti Circle — AED 1,588/sq ft
- 311 Boulevard by Bam Eskan — AED 1,382/sq ft
More projects by Obj1 Real Estate Development L.L.C
Same budget elsewhere in Dubai (around AED 792,594)
- Reef 996, International Media Production Zone — AED 790,949
- Equiti Tower, International City Phase 3 — AED 796,122
- DAMAC Lagoons - Valencia, DAMAC Lagoons — AED 788,000
- Longford Residences by Devan Real Estate Development, International City Phase 1 — AED 798,702
- Samana Boulevard Heights, Dubai Land Residence Complex — AED 798,762
- Samana Hills South, Saih Shuaib 2 — AED 784,104
Projects presented by Cevitas
Our Jumeirah Village Circle guides
Frequently asked questions
How much does a home at lridian Park 1 cost?
Over the last 12 months, the 34 off-plan sales registered with the DLD show a median price of AED 792,594, or AED 1,329 per sq ft; 80% fall between AED 483,813 and AED 1,330,758. The developer's current prices are on its price list.
When will lridian Park 1 be completed?
In the DLD project register (as of 15/06/2026), the project is "pending", 0% complete, with a planned end date of December 30, 2026. The handover date is confirmed by the developer.
Who is the developer of lridian Park 1?
The DLD register lists Obj1 Real Estate Development L.L.C (developer no. 1894), in a community developed by Nakheel.(p J S C).
What unit types are sold at lridian Park 1?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (20), apartment · studio (10), apartment · 2 bedrooms (4). Best-selling type: apartment · 1 bedroom, at a median AED 848,882 for 72 m².
Has the price per sq ft at lridian Park 1 changed?
The median off-plan price moved from AED 1,559 per sq ft in Q4 2025 to AED 825 in Q3 2026, based on DLD-registered sales.
How do I get the lridian Park 1 price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.