ONE B Tower Sheikh Zayed Road Dubai

ONE B Tower is a 47-storey residential tower on Sheikh Zayed Road, on the Business Bay side of Dubai's main highway, by wasl, the Dubai Government's property company. The source listing shows it from AED 1.6 M, about Rs 4.12 crore at Rs 25.75 per dirham, for 1 bedroom apartments, with handover in March 2028. The tower has studios, 1 to 4 bedroom apartments, sky and pool duplexes and a penthouse.

The AED 1.6 million figure is the launch price for a 1 bedroom, and it is now old. Brokers in 2026 quote AED 2.49 million as the current 1 bedroom entry and rates of AED 2,150 to 2,860 per sq ft depending on floor and view. That is a 55 per cent step, which is what a government developer's tower on Sheikh Zayed Road has done between launch and 2026. We list the listed figure per the rule for this section and print the current numbers alongside it.

At a glance

Price and unit pricing

The broker rate band of AED 2,150 to 2,860 per sq ft does not quite reconcile with AED 2.49 million on a 681 sq ft unit, which would be AED 3,660; the AED 2.49 million unit is probably larger than the minimum size or on a high floor. Either way, current pricing is about twice the JVC median of AED 1,347 and in line with new Business Bay and Downtown-fringe towers. On Sheikh Zayed Road with a government developer, that is the market rate, not a premium. Ask wasl for its own price list; broker listings on a wasl tower are often resales from launch buyers carrying a premium.

Payment plan and total cost

wasl's plan is 5 per cent to book, 55 per cent during construction with a six-month holiday from instalments, and 40 per cent on completion. Worked on both the source listing and current figures:

A 5 per cent booking is the lowest in this batch. Service charges are not published; Business Bay and Sheikh Zayed Road towers run about AED 15 to 25 per sq ft a year, so budget AED 10,000 to 17,000 a year on a 681 sq ft 1 bedroom from handover. Final plan and fees as per the SPA.

Location and connectivity

ONE B stands beside Sheikh Zayed Road on its Business Bay side, which puts Downtown Dubai, the Burj Khalifa and Dubai Mall within about 5 to 10 minutes' drive, DIFC 5 to 10 minutes, Dubai International Airport about 20 minutes and Dubai Marina about 20 minutes. The Red Line runs along Sheikh Zayed Road; Business Bay and Financial Centre stations are the nearest, and this is one of the few new towers in the batch where a tenant can live without a car. One broker files the tower under wasl Gate in Jebel Ali, which is a different wasl project; the Sheikh Zayed Road location is confirmed by Property Finder and the developer's own marketing.

Sheikh Zayed Road frontage means noise and a canal or skyline view depending on the side; canal-facing units are priced higher. The immediate area is fully built, so what you see is what you get.

Amenities and specifications

Quoted: pools, gym, residents' lounges and the pool and sky villa duplex tiers with private pools. Interior specification and parking are not detailed in the sources we saw; wasl's completed towers are finished to a mid-to-upper standard. Final specification as per the SPA.

About the developer

wasl was established in 2008 by the Dubai Real Estate Corporation to manage and grow the government's property portfolio. It manages more than 1,000 buildings and over 55,000 residential and commercial units, thousands of land plots, 32 hotels and the emirate's three main golf clubs, and Gulf News reports it has delivered about 45,000 affordable homes. Its development record includes wasl District, wasl Quartz, wasl Topaz and the wasl 1 towers, and portal reviews describe on-time, on-budget delivery. It is as low a developer risk as Dubai offers. ONE B is a high-rise luxury tower, a step up from its mid-market stock, so read the specification carefully.

For overseas buyers

Any nationality. Dubai's designated freehold areas are open to buyers of every nationality, resident or not: no local partner, no residence visa needed in order to buy, and the Land Department issues the title deed in your own name. On the AED 1.60 million entry price the 4% Dubai Land Department transfer fee is about AED 64,000 (USD 17,400), and registration, trustee and agency charges take the all-in cost to roughly 6% to 7% over the price. UAE banks lend non-residents about 50% to 60% of the price, which is why the developer payment plan above carries most overseas purchases. The paragraphs below work the numbers for an Indian buyer, the largest single group buying in Dubai, but the ownership, visa and yield rules are the same whatever passport you hold.

Ownership. The Sheikh Zayed Road and Business Bay area is freehold; a foreign national holds the title deed outright.

Remittance. At the current AED 2.49 million price, the total of about AED 2.59 million is under three years of one person's USD 250,000 per financial year LRS limit (about AED 918,000), and the plan runs to 2028, so a single resident buyer can do it with planning; a couple can do it comfortably. At the launch price it would be under two years. TCS applies above the annual threshold and is claimable in your Indian return.

Golden Visa. At current prices every 1 bedroom clears the AED 2 million threshold. At the listed figure of AED 1.6 million it would not, which is one more reason the current price matters.

Yield and tax. No property or rental income tax in Dubai. Sheikh Zayed Road and Business Bay 1 bedrooms let readily to professionals who want the metro and Downtown; plan on 5 to 6 per cent gross and about 4 per cent net after service charges at the current price. Rent is taxable in India for a tax resident after the 30 per cent standard deduction.

Exit. A wasl tower on Sheikh Zayed Road with a metro station will be one of the more liquid Dubai apartments to resell. The risk is buying a resale at a launch buyer's premium; buy from wasl's own list if you can.

Pros

• Government-owned developer with a very large delivery record
• Sheikh Zayed Road with the Red Line metro within walking distance
• 5 per cent booking and a six-month instalment holiday
• At current prices every 1 BHK qualifies for the Golden Visa
• Downtown and DIFC within 10 minutes

Cons

• The source listing's AED 1.6 million is the launch price; 2026 listings quote AED 2.49 million
• Handover 2028, printed as March and Q4
• Rates of AED 2,150 to 2,860 per sq ft, about twice the JVC median
• Studio and larger unit prices not published; unit count not published
• Highway frontage brings noise on the road side

Who this is for

• Buyers who want the lowest developer risk in Dubai and a metro-served address
• Indian buyers with Rs 6.5 to 7 crore over three LRS years who want the Golden Visa from a 1 BHK
• Landlords targeting Downtown and DIFC professionals

Who should look elsewhere

• Anyone expecting the AED 1.6 million launch price
• Buyers who need keys before 2028
• Yield investors who need more than 6 per cent gross

Our verdict

ONE B is the low-risk, central, metro-served tower in this batch, and the price has already moved to reflect that. Budget AED 2.49 million and up for a 1 bedroom, buy from wasl's own list rather than a resale, and fix the 2028 handover date in the SPA. For the same 2028 horizon at a lower rate see 15 Cascade, or for a beachfront alternative from another government developer see Palm Beach Towers, both on our Dubai section. All projects are listed here.

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 is the price of ONE B Tower?

The source listing shows it from AED 1.6 M, about Rs 4.12 crore, which was the 1 bedroom launch price. Brokers in 2026 quote AED 2.49 million for a 1 bedroom, about Rs 6.41 crore, at AED 2,150 to 2,860 per sq ft.

What is the payment plan?

5 per cent to book, 55 per cent during construction with a six-month instalment holiday, 40 per cent on completion. Add the 4 per cent DLD fee. Final as per the SPA.

When is handover?

2028; Q4 2028 on most sources and March 2028 on the source listing. Get the SPA date in writing.

Is ONE B registered with RERA?

wasl sells under DLD registration and escrow. The project number is not printed by the sources we checked; verify on the Dubai REST app.

Does it qualify for the Golden Visa?

At current prices every 1 bedroom is above AED 2 million and qualifies. At the AED 1.6 million launch figure it would not.

What are the sizes?

Studios about 458 sq ft, 1 to 4 bedrooms about 681 to 3,998 sq ft, duplexes about 1,611 to 4,579 sq ft, and a penthouse over 9,500 sq ft.

What rental yield can I expect?

About 5 to 6 per cent gross and 4 per cent net on a 1 bedroom at current prices, from Downtown and DIFC tenants.

Can a foreign national buy, and how do Indian buyers fund it?

Yes with planning: about AED 2.59 million all-in over a plan to 2028 is under three years of one person's USD 250,000 annual limit, and comfortable for a couple. Buyers of any other nationality can own on the same terms: Dubai's designated freehold areas are open to all nationalities, there is no residency requirement and no local partner, and the Land Department issues the title deed in your own name. Buyers of any other nationality can own on the same terms: Dubai's designated freehold areas are open to all nationalities, there is no residency requirement and no local partner, and the Land Department issues the title deed in your own name.

Who is wasl?

The Dubai Government's property company, established in 2008 by the Dubai Real Estate Corporation, managing over 55,000 units and 1,000 buildings with a record of on-time delivery.

Talk to Realty Hunting for wasl's current ONE B price list, the SPA handover date and a viewing plan.

Compare with other Dubai projects

More by wasl: Park Gate Residence - Tower B (from AED 1,700,000, ready), Wasl 1 Park Gate Residence - Tower A (from AED 1,700,000, ready) and Park Gate Residences (from AED 1.4 M, ready).

A similar budget elsewhere in Dubai: One Residence (from AED 1.61 M, handover 2027), Urban Life Residences (from AED 1.65 M, off-plan) and W Residences (from AED 1.67 M, handover 2026).

Read next: Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Cost of Buying Property in Dubai. Every Dubai project we track is listed on the Dubai section.