wasl, Dubai's government-backed master developer, launches Avenue Park Towers II — two residential towers on the last remaining plot of the Wasl 1 master community in central Dubai — on 23 September 2026 (first-time buyers and bulk buyers) and 24 September (public). The site sits beside Zabeel Park, one minute's walk from Max Metro Station. One-bedrooms start at AED 1.9M (about USD 517,000), on a 40% during construction / 60% on handover plan, with handover estimated for the end of June 2030.
Three things stand out. First, during the launch the 4% Dubai Land Department (DLD) registration fee — normally paid by the buyer — is included in the price, worth AED 76,000 on a one-bedroom and AED 216,800 on a three-bedroom with maid's room. Second, the apartments are large by Dubai standards: the smallest one-bedroom is 857 sqft (79.6 sqm) in total area, and the two-bedroom-plus-maid starts at 1,598 sqft, well above the typical 1,100–1,400 sqft band for Dubai two-bedrooms. Third, the seller is a developer owned by Dubai's government real-estate corporation, and Wasl 1 is a community that already exists — residents, retail and a metro station are all in place. Below we cover the project facts, unit mix, price list, payment schedule, amenities and an investor's view.
Project at a glance
| Project | Avenue Park Towers II (Tower A & Tower B) |
|---|---|
| Location | Wasl 1, Zabeel, Dubai — beside Zabeel Park, 1 minute's walk from Max Metro Station |
| Developer | wasl (part of Dubai Real Estate Corporation, established 2008) |
| Tenure | Freehold (open to foreign buyers) |
| Configuration | Tower A: G+5P+37 (1 & 2BR) / Tower B: G+5P+29 (2BR+maid to 4BR duplex). Shared podium for both towers |
| Total units | 541 (Tower A 405 / Tower B 136) |
| Starting price | 1BR from AED 1.9M (about USD 517,000) |
| Payment plan | 40/60 (10% on booking + 6 × 5% during construction, 60% on handover) |
| Handover | Q2 2030 (estimated 30 June 2030) |
| Service charge (indicative) | Approx. AED 18 per sqft per year |
| Launch | 23 September 2026 (first-time & bulk buyers) / 24 September (public), Mandarin Oriental Downtown Dubai |
Location: beside Zabeel Park, one minute from the metro
Wasl 1 is a freehold master community next to Zabeel Park, home of the Dubai Frame. It connects to both Sheikh Zayed Road and Sheikh Khalifa Bin Zayed Road: about 5 minutes by car to Dubai World Trade Centre, 10 minutes to Downtown Dubai and DIFC, and 15 minutes to DXB airport. Max Metro Station on the Dubai Metro is a one-minute walk from the site, so living without a car is realistic. Avenue Park Towers II occupies the last development plot in the community.
- Max Metro Station (Dubai Metro): 1 minute on foot
- Zabeel Park / Dubai Frame: 2 minutes
- Dubai World Trade Centre: 5 minutes
- Downtown Dubai (Burj Khalifa / Dubai Mall) and DIFC: 10 minutes
- DXB International Airport: 15 minutes
Podium-level pool and shared amenities (rendering, source: wasl)
Unit mix and sizes
Tower A (405 units) holds the one- and two-bedrooms; Tower B (136 units) holds the two-bedroom-plus-maid, three-bedroom-plus-maid and the duplexes up to four bedrooms. Every apartment has a balcony, and the Tower B duplexes have private lift access. Sizes below are total area including balcony, in sqft with sqm alongside (1 sqft = 0.0929 sqm).
| Tower | Unit type | Units | Size (sqft) | Size (sqm) |
|---|---|---|---|---|
| A | 1 bedroom | 135 | 857–1,507 | 79.6–140.0 |
| A | 2 bedroom | 270 | 1,301–3,215 | 120.9–298.7 |
| B | 2 bedroom + maid's room | 74 | 1,598–1,780 | 148.5–165.4 |
| B | 3 bedroom + maid's room | 50 | 2,039–2,123 | 189.4–197.2 |
| B | 3BR duplex + maid (3 with private pool) | 6 | from 3,138 | from 291.5 |
| B | 4BR duplex + maid + private pool | 6 | from 4,408 | from 409.5 |
Source: wasl Avenue Park Towers II fact sheet (edition 0400). Total area including balcony; third-floor units have large terraces, which is why the upper end of each range is much bigger.
For Dubai, these are generous apartment sizes. Market guides put a typical Dubai one-bedroom at 700–900 sqft and a two-bedroom at 1,100–1,400 sqft; here the smallest one-bedroom is 857 sqft and the two-bedroom-plus-maid starts at 1,598 sqft — closer to a conventional three-bedroom. If your experience of Dubai one-bedrooms is of partitioned studios, the floor plans here are worth a look.
Living and dining (rendering, source: wasl). Finishes: wood veneer, travertine-effect tile and tinted laminated glass
Price list and payment schedule
Starting prices by unit type are below, with an approximate USD figure at the pegged rate of AED 3.6725 per dollar. Because the 4% DLD registration fee is included during the launch, we also show what that fee would normally have cost on top. Duplex (3BR and 4BR) pricing is available on request.
| Unit type | Starting price (AED) | Approx. USD | DLD 4% (included at launch) |
|---|---|---|---|
| 1 bedroom | 1,900,000 | ≈ 517,000 | AED 76,000 |
| 2 bedroom | 2,660,000 | ≈ 724,000 | AED 106,400 |
| 2 bedroom + maid's room | 3,740,000 | ≈ 1,018,000 | AED 149,600 |
| 3 bedroom + maid's room | 5,420,000 | ≈ 1,476,000 | AED 216,800 |
Source: wasl launch notice (September 2026). Starting prices are the lowest in each type; actual prices vary by floor, orientation and size. By law the DLD fee is 2% each for seller and buyer, but in practice the buyer pays the full 4%. Oqood (off-plan registration) and other administrative fees are extra. USD figures are approximate.
Payment schedule (40/60)
10% on booking, then 5% every six months from 2027 to 2029 (six instalments, 30% in total), with the remaining 60% on handover. That is roughly three years and nine months from contract to keys, with only 40% due during construction. The 60% balance can be planned around a mortgage at handover — non-residents can obtain UAE mortgages subject to lender criteria — or a resale.
| Due | Share | Example: 1BR at AED 1,900,000 |
|---|---|---|
| On booking (September 2026) | 10% | AED 190,000 |
| 1 May 2027 | 5% | AED 95,000 |
| 1 December 2027 | 5% | AED 95,000 |
| 1 June 2028 | 5% | AED 95,000 |
| 1 December 2028 | 5% | AED 95,000 |
| 1 June 2029 | 5% | AED 95,000 |
| 1 December 2029 | 5% | AED 95,000 |
| On handover (est. 30 June 2030) | 60% | AED 1,140,000 |
Dates per wasl's published schedule; the handover date is an estimate.
Service charge (indicative)
The indicative service charge is about AED 18 per sqft per year, billed on total area. That works out to roughly AED 15,400 a year for an 857 sqft one-bedroom, AED 23,400 for a 1,301 sqft two-bedroom, AED 28,800 for a 1,598 sqft two-bedroom-plus-maid and AED 36,700 for a 2,039 sqft three-bedroom-plus-maid. Net rental yields should be calculated after this cost.
Launch offers and buying terms
- 4% DLD registration fee included: for purchases during the launch period, the 4% normally paid by the buyer is included in the price (AED 76,000 on a one-bedroom, AED 216,800 on a three-bedroom-plus-maid). After the launch period it reverts to the buyer.
- First-time home buyer (FTHB) pricing: buyers registered under Dubai's First-Time Home Buyer programme get special pricing and early access on 23 September.
- Bulk deals: five or more units under one name require a letter of intent (LOI) to the developer; we prepare and submit it on your behalf.
- Documents: passport, visa and Emirates ID; overseas buyers can reserve with a passport only.
Amenities and specifications
Shared across both towers: an entry lobby with lounge, podium parking, a gym serving both towers, adult and kids' pools, a kids' play area and a multifunctional room. Tower B residents also get a dedicated rooftop pool and studio gym plus a rooftop residents' lounge with coworking space, and the duplexes have private lift access. Each apartment has an IP video intercom, fibre-to-the-home and individual electricity, water and LPG meters. Facades are painted cement render with double-glazed aluminium-framed windows.
Tower B's dedicated rooftop pool (rendering, source: wasl)
The developer: wasl, Dubai's government-owned master developer
In off-plan buying, who builds matters most. wasl is the development arm of Dubai Real Estate Corporation (DREC), the government's real-estate holding, formed in 2008 by merging the Dubai Development Board and the Real Estate Department on the Ruler's instruction. Its portfolio runs to more than 70,000 residential and commercial units, 23 master developments, 37-plus hotels and six golf clubs, and it is one of Dubai's largest landlords, with government-owned rental stock across Deira, Bur Dubai and Karama.
On delivery, wasl handed over Park Gate Residences (four towers, 746 units) in the same Wasl 1 community on schedule in January 2021, in the middle of the pandemic. Dubai's off-plan rules add a second layer of protection: buyer payments go into a RERA-supervised escrow account, released only against construction progress, and the buyer's interest is registered with the Land Department as an Oqood. A government-owned developer plus that legal framework is what makes a 2030 handover a reasonable wait.
An investor's view: where this sits in today's market
As we wrote in our last article, Dubai in 2026 is a market where transactions are down 36% year on year (August) while the average price holds at AED 1,718 per sqft (+3.9%) — not a market where anything goes up, but one where selection decides the outcome. Against that yardstick, this project's position is clear.
- A location-premium price, not a bargain price: dividing starting prices by the smallest size in each type gives roughly AED 2,050–2,660 per sqft, above the city-wide average of AED 1,718. This is not a project that competes on cheapness with the mass-supply suburbs; you are paying for central location, a metro doorstep and a government developer.
- The last plot in a low-supply area: unlike JVC or Dubai South, where completions cluster, the Zabeel area has relatively little new supply. As the final plot in Wasl 1, no identical competitor can appear later, which should help at exit — whether resale or letting.
- The DLD-inclusive price cuts the entry cost: the single largest closing cost in Dubai disappears, so the same cash reaches a better unit. Remember, though, that a future buyer on resale will not get this concession, so do not count it as instant equity.
- Best suited to long-term holding, own use or letting: handover is 2030, so this is for money that can wait out the cycle. Pure short-term flipping is less attractive while the primary-versus-resale price gap has narrowed to about 12%. On the other hand, rental demand from professionals commuting to DIFC, Downtown and DWTC is deep, and spacious two- and three-bedrooms on a metro station are rare in the letting market.
In short, Avenue Park Towers II is not a bet on the whole market rising; it is a selection on location, size and developer credit. In our experience, the most sought-after layouts — larger low-floor one-bedrooms and Tower B's two-bedroom-plus-maid — tend to go on launch day, so tell us your preferred type, floor and budget before the launch. We will send the live availability and price list and support you through token registration, the sales and purchase agreement (SPA), transfers and handover, in English, Arabic or Japanese.
Launch schedule and how to reserve
- Monday 21 September, 10:00: token (booking deposit) registration link sent — FTHB registrants
- Tuesday 22 September, 10:00: token registration link sent — all registrants and brokers
- Wednesday 23 September: launch for first-time home buyers and bulk buyers
- Thursday 24 September: public launch
- Venue: Mandarin Oriental Downtown Dubai. Overseas buyers can complete the reservation remotely with a passport only.
The process: (1) tell us your requirements → (2) we send availability and prices → (3) token registration (booking deposit) → (4) unit secured on launch day → (5) SPA signed and 10% paid → (6) Oqood registration → (7) instalments during construction → (8) handover in 2030. Buyers in the UAE or abroad are equally welcome; site visits and online meetings are available at any time.
Frequently asked questions
Can I buy while living outside the UAE?
Yes. Wasl 1 is a freehold area, so foreign nationals can own in their own name. Reservation needs only a passport, and the SPA and payments can be completed remotely by international transfer. A UAE bank account is not required.
How long is the 4% DLD fee included?
It applies to purchases during the launch period. No fixed end date has been announced and wasl may withdraw it at its discretion, so if the concession matters to you, secure a unit on launch day (23–24 September).
Can I resell before handover?
Dubai off-plan units can usually be assigned once a developer-set share of the price has been paid (often 30–40%), with the developer's NOC. The exact terms for this project are set out in the SPA, so check before you buy. As noted above, the next buyer does not receive the DLD-fee concession.
What rental yield can I expect?
With handover in 2030 no firm yield can be quoted today. As a guide, we model it from current rents in existing Wasl 1 buildings such as Park Gate Residences, net of the service charge of about AED 18 per sqft a year. Ask us for a unit-by-unit estimate.
Does it qualify for a Golden Visa?
The UAE property-investor Golden Visa framework applies to property of AED 2M or more, which the two-bedroom and larger types meet on price. Application practice changes over time, however, so if the visa is your main goal we will confirm the current position for you before you commit.
This article is based on wasl's English brochure, fact sheet, floor plans and unit plans (all edition 0400) and the September 2026 launch notice (starting prices, payment plan and indicative service charge). Prices, terms and dates may change at wasl's discretion. Renderings are for illustration and marketing; only the final Sales and Purchase Agreement (SPA) has legal effect. USD figures are approximate at the pegged rate. Market data (transaction volumes, average price) is Dubai Land Department data as compiled by DXB Interact, retrieved 5 September 2026. This is general information, not investment advice; please make your own decision.