! High floor Park view
Al Wasl· Verified Network· Ref RS-L-11614061
Listing data verified in the last few hours
A 2‑bedroom Al Wasl apartment priced modestly below market with a solid gross yield of ~6.6% offers a balanced buy opportunity.
AI Investor Narrative
Why this listing scores the way it does
The unit sits on a high floor with park views in Al Wasl, a district that scores 81 on our internal location metric, indicating good demand fundamentals. The price per square foot (AED 3,173) is about 3% under the inferred district median, reflecting a modest discount that aligns with the internal overall score of 65. The internal estimated gross yield of 6.6% is attractive for Dubai residential assets, though investors should expect net yields 1–2 points lower after service charges, vacancy and management fees. Days on market (45) suggest the seller may be motivated but the property is not deeply stale, providing room for negotiation. Risk considerations include a medium‑level liquidity concern given the relatively high price point and limited transaction volume in Al Wasl (sample size unknown). The developer, fäm Properties – Branch 8, lacks a publicly documented credit track record in our database, warranting a low‑to‑medium developer‑credit flag. Currency risk is low as the transaction is denominated in AED, the UAE's stable peg currency. Overall, the combination of a slight price discount, respectable location score, and decent gross yield supports a BUY recommendation, provided due diligence confirms the DLD register details.
Deal signals
- underpriced70/100
price is 3% below the inferred district median price per sqft
- high yield65/100
internal estimated gross yield is 6.6%
- motivated seller55/100
45 days on market indicates seller may be open to negotiation
Risk flags
- liquiditymedium
high price point and unknown transaction volume in Al Wasl
- developer creditlow
developer fäm Properties - Branch 8 has limited public credit data
- currencylow
transaction in AED, a stable pegged currency
Comparables
Negotiation playbook
Anchor the offer around the 3% price‑per‑sqft discount versus the district median (AED 3,173 vs ~AED 3,270) and leverage the 45‑day market exposure to request a further concession. Prior to finalising, verify the transaction details against the Dubai Land Department register to confirm ownership, exact size and any pending service‑charge adjustments.
Seller-intent signals
Signal strength: 70/100 · 1 indicator
Verdict
Yield forecast
3-year appreciation
Market pulse · Al Wasl
Sentiment +0 · stable
Given the absence of recent listings and price data for Al Wasl, market direction is unclear. Investors should treat the sub‑market as stable but watch for any emerging supply or demand signals over the next year.
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SELECTED PROPERTY
! High floor Park view
Intel Score: 65/100
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