Gallery
Imagery courtesy of Object 1.
The project
About 1WOOD Residence Phase 2
1WOOD Residence Phase 2 extends Object 1's timber-accented 1WOOD concept in District 14 of Jumeirah Village Circle with studios, one- and two-bedroom apartments.
Pricing starts around AED 788,000 on a 20/40/40 plan; one portal also describes a variant with 10% on handover and 30% paid post-handover.
Handover is cited as Q3 2027 by some portals and December 2027 by others; Q4 2027 is the more commonly listed date.
Payment
Payment plan
60/40 — 20% on booking, 40% during construction, 40% on handover
At a glance
1WOOD Residence Phase 2 key facts
- Developer
- Object 1
- Community
- Jumeirah Village Circle
- Status
- Under construction
- Handover
- Q4 2027
- Starting price
- AED 788K
- Unit types
- Studio, 1 Bedroom, 2 Bedroom
- Payment plan
- 60/40
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 788K. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at 1WOOD Residence Phase 2
- 01
Shortlist and reserve
Choose a unit type and view at 1WOOD Residence Phase 2 and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Object 1 issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Follows a delivered Phase 1 with the same design language
- Construction-linked plan with post-handover option
- District 14 near JVC's parks
What to weigh
- Handover quarter differs between sources
- Object 1 has many concurrent JVC towers competing for the same buyers
- Studio-led unit mix
FAQ
1WOOD Residence Phase 2 — frequently asked questions
What is the starting price of 1WOOD Residence Phase 2?
Published pricing at 1WOOD Residence Phase 2 starts from AED 788K. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of 1WOOD Residence Phase 2?
1WOOD Residence Phase 2 is scheduled for handover in Q4 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for 1WOOD Residence Phase 2?
60/40 — 20% on booking, 40% during construction, 40% on handover
Who is the developer of 1WOOD Residence Phase 2?
1WOOD Residence Phase 2 is developed by Object 1 in Jumeirah Village Circle, Dubai.
What unit types are available at 1WOOD Residence Phase 2?
1WOOD Residence Phase 2 offers Studio, 1 Bedroom, 2 Bedroom.
Where is 1WOOD Residence Phase 2 located?
1WOOD Residence Phase 2 is in Jumeirah Village Circle, Dubai.
Can foreigners buy at 1WOOD Residence Phase 2?
Yes. Jumeirah Village Circle is a freehold area, so buyers of any nationality can own property at 1WOOD Residence Phase 2 outright.
Does buying at 1WOOD Residence Phase 2 qualify for the UAE Golden Visa?
The entry price of AED 788K is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at 1WOOD Residence Phase 2?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 32K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at 1WOOD Residence Phase 2?
MRK Real Estate advises on primary purchases and resales at 1WOOD Residence Phase 2. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Object 1 before any transaction.
