Al Waleed Garden 2 Al Jaddaf Dubai

Al Waleed Garden 2 is the second Al Waleed building in Al Jaddaf, completed around the end of 2023. It holds studios, one-, two- and three-bedroom apartments and three-bedroom penthouses. The developer has sold out, so every purchase now is a resale from an owner.

Studios are currently asking about AED 725,000 to 850,000 (about Rs 1.87 to 2.19 crore). Launch-era figures of AED 450,000 to 456,000 still sit on some portal pages; treat them as history. The district is the reason to look: a Green Line metro station, Downtown Dubai about ten minutes away, the airport about twelve, and Dubai Healthcare City next door supplying salaried tenants. See the rest of the Dubai section or our wider projects list.

At a glance

Price and unit pricing

Two sets of numbers circulate for this building and only one of them is buyable.

The AED 450,000 figure is the trap on this page. It is a launch number sitting on portal pages that were never updated, and there is nothing behind it — the developer sold out, so no unit at that price exists to buy. Budget from the AED 725,000 to 850,000 asks instead.

Note also what is missing: no source we checked publishes a floor area for any layout in this building. That means the implied rate per sq ft — the one number that would tell you whether AED 725,000 is cheap or dear against Al Jaddaf's AED 1,200 to 1,900 band — cannot be calculated from outside. On a studio the difference between 380 and 500 sq ft moves the rate by nearly a third, which is the whole question. Ask for the title-deed area, then divide.

Payment and total cost

The developer has sold out, so there is no plan to take. A resale means full payment at transfer or a UAE mortgage, which for a non-resident usually means 50 to 60% of value. Worked at both ends of the studio range:

Add 0.25% of the loan as mortgage registration if you finance. The service charge cannot be estimated here at all: no rate is published for the building and no unit areas are published either, so there is nothing to multiply. Dubai buildings run from about AED 10 to 30 per sq ft a year depending on the amenity load. The RERA-approved statement from the owners' association is the only honest answer, and two years of them should be a condition of your offer.

Location and connectivity

Al Jaddaf sits on the south bank of Dubai Creek, between Dubai Healthcare City and the water, with its own Green Line metro station. Downtown Dubai is about ten minutes by road and Dubai International Airport about twelve — a pairing very few districts at this price band can offer.

Dubai Healthcare City next door is the part investors underrate. A hospital and clinic cluster supplies salaried professional tenants who sign long leases and renew, which is why vacancy in Al Jaddaf runs lower than the price band suggests. Dubai Festival City sits across the creek and Business Bay is a short run up the canal.

For another central, creek-adjacent building we cover, see Park Gate Residences at Al Kifaf.

Amenities and specifications

Studios through three-bedroom apartments plus three-bedroom penthouses, with a fitness centre, a swimming pool and a children's play area on the shared list. It is a mid-market building and priced as one.

The real advantage over its older neighbour is age. At about three years old the finish is current and the plant — chillers, lifts, pumps — is young, which means the first expensive maintenance cycle is still some years off. That is worth real money on a hold, and it is the main thing to weigh when you compare the two Al Waleed buildings against each other.

Against that, the published record is thin: no floor areas for any layout, and sources that cannot agree whether the building has 13 or 17 floors. Ask for the floor plan and the title deed before you discuss price.

About the developer

Al Waleed Real Estate LLC has now built two buildings in Al Jaddaf — Al Waleed Garden, completed in 2019, and this one, finished around the end of 2023 — and has sold out both.

On a completed building the developer's record is background rather than risk: the title deeds are issued and the owners' association runs the place. But the two-building history gives you something genuinely useful and rare. You can walk into the 2019 building, see how the same developer's work has aged over seven years, ask an owner there what the service charge came to and how the association handles maintenance, and treat that as a fair preview of where this building will be in four years. Very few Dubai buyers get that comparison on the same street from the same builder. Use it.

For Indian buyers

Al Jaddaf is a freehold district, so an Indian citizen can own here outright with a DLD title deed, in their own name. Dubai charges no annual property tax; the recurring cost is the service charge.

At about AED 725,000 — roughly USD 197,000 — a studio fits comfortably inside one person's USD 250,000 Liberalised Remittance Scheme allowance for a financial year, with room for the 4% DLD fee and the commission. That makes this a straightforward first Dubai purchase: one remittance, one owner, one title deed. Your bank will want the sale agreement and the DLD trustee details, and TCS applies on the remittance above the current threshold.

On residency, nothing at this end of the building qualifies — the Golden Visa property route needs AED 2 M. On tax at home, rent from Dubai is taxable in India for a resident at slab rates as income from house property with the standard 30% deduction, and the property must be reported in Schedule FA of your return. The UAE takes nothing, so there is no credit to offset the Indian bill. On a studio yielding around 6.5% net before Indian tax, that deduction is a meaningful part of the return, so underwrite after it.

Pros

• Only about three years old, so the finish is current and the plant is young
• Ready and title-deeded, with a mortgage available and no construction risk
• Studios from about AED 725,000 in a district with a metro station and Downtown ten minutes away
• Dubai Healthcare City next door supplies salaried tenants and keeps vacancy low
• Al Jaddaf studios are quoted at 7.5 to 8.5% gross, the top of the district's band
• The developer's older building next door lets you see how its work ages before you buy
• Penthouses give the building stock that is genuinely different from the district norm

Cons

• No unit sizes are published anywhere we looked, so the rate per sq ft cannot be checked
• Sources disagree on the building itself — 17 storeys against 13 storeys and 150 homes
• Launch figures of AED 450,000 to 456,000 still circulate and are nothing like today's asks
• The developer is sold out, so you choose from a handful of resale units, not a price list
• No service-charge figure is published for the building
• Studio asks of AED 725,000 to 850,000 are a wide spread for one layout in one building
• Nothing at studio or one-bed level comes close to the AED 2 M Golden Visa threshold

Who this is for

• Yield investors who want a newer building in a metro-served central district
• Buyers who want low vacancy from a hospital-district tenant base
• Indian buyers making a first Dubai purchase inside one LRS allowance
• Anyone who values being able to inspect the same developer's older building nearby

Who should look elsewhere

• Anyone buying property to qualify for a Golden Visa
• Buyers who need a choice of units and a developer payment plan
• Investors who price strictly on rate per sq ft — the areas are not published
• Anyone who will not obtain the service-charge statements before offering

Our verdict

Being three years old rather than seven is most of this building's case: younger plant, a current finish, and a longer run before the first big maintenance cycle. The district does the rest — a Green Line station, ten minutes to Downtown, twelve to the airport, and a hospital cluster next door supplying tenants who are salaried and stay. Studios asking AED 725,000 to 850,000 are reasonable money for that address.

What is missing is data. No floor area is published for any layout, and the sources cannot agree on the number of floors. That is not disqualifying, but it does mean no honest valuation is possible from outside: get the title-deed area and the approved service-charge statement, then divide and compare against Al Jaddaf's AED 1,200 to 1,900 per sq ft. And use the advantage you have — walk through the same developer's 2019 building next door first, and ask an owner there what it actually costs to run.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What does an apartment at Al Waleed Garden 2 cost?

Studios are currently asking about AED 725,000 to 850,000 (about Rs 1.87 to 2.19 crore). Entry figures of AED 450,000 to 456,000 still appear on some portal pages, but those are launch-era numbers — the developer has sold out and every purchase now is a resale at an owner's price. One-, two- and three-bedroom asks are not separately published by the sources we checked.

Can I still buy from the developer?

No. Al Waleed Real Estate has sold out the building. Any purchase is a resale from an existing owner, transferred at the DLD against a title deed, with a UAE mortgage available if you need one.

When was it completed?

Around the fourth quarter of 2023, which makes it roughly three years old and about four years newer than its neighbour Al Waleed Garden. It is past snagging and has set at least two service-charge budgets, both of which you should ask to see.

How big are the apartments?

No source we checked publishes a floor area for any layout in this building, which is unusual for something already completed. Without an area there is no rate per sq ft and no way to compare the building with its neighbours. Ask for the title-deed area and the floor plan of the specific unit — on a studio, 380 sq ft against 500 sq ft moves the rate by nearly a third.

What rent and yield can I expect?

Al Jaddaf gross yields run 6 to 8%, with studios at the top of the band at 7.5 to 8.5%. In the neighbouring Al Waleed building rents run about AED 70,000 to 160,000 a year across layouts, averaging near AED 90,559. On a AED 725,000 studio you would need roughly AED 54,000 to 62,000 a year to hit the district's studio band. Net comes in 1.5 to 2 points lower after the service charge and fees.

What are the service charges?

Not published for this building. Dubai apartment buildings run from about AED 10 to 30 per sq ft a year depending on the amenity load, and because no unit sizes are published either, it cannot be estimated from outside. The RERA-approved statement from the owners' association is the only reliable answer — get two years of them.

How many floors does it have?

The sources disagree: one gives 17 storeys, another 13 storeys with 150 homes. It is a small point on its own, but it is a signal about how thin the published record is for this building — which is why the title deed, the floor plan and the service-charge statement matter more here than usual.

How good is the location?

Strong for the price. Al Jaddaf sits on the south bank of Dubai Creek with its own Green Line metro station, Downtown Dubai about 10 minutes away and Dubai International Airport about 12. Dubai Healthcare City next door provides a base of medical professionals as tenants, which is why vacancy runs lower here than the price band suggests.

Can an Indian citizen buy here, and does it give a Golden Visa?

Yes to the first — Al Jaddaf is freehold and any nationality can own outright with a DLD title deed. At about AED 725,000, roughly USD 197,000, a studio fits comfortably inside one person's USD 250,000 LRS allowance for a financial year. No to the second: the Golden Visa property route needs AED 2 M and nothing at this end of the building comes close.

Is it better than Al Waleed Garden next door?

It is newer by about four years, which means younger plant, a more current finish and a longer run before the first major maintenance cycle. The older building has the advantage of a longer transaction and rent record you can check. If the prices per square foot are similar once you have the areas, the newer building is usually the better hold.

If you want the units actually available here, their title-deed areas and two years of service-charge statements, talk to Realty Hunting and we will pull them together.