Is 1WOOD Residence 2 the same as 1 Wood Residence phase 2?+
Yes. 1WOOD Residence 2, 1 Wood Residence 2 and 1WOOD Residence phase 2 all refer to the same building, the second 1WOOD project by Object 1 in Jumeirah Village Circle (JVC), Dubai. Object 1 writes its names with a digit 1, and brokers often add the word 'phase'. It is not the same building as the first 1WOOD Residence in JVC District 14, which is a separate project.
How is 1WOOD Residence 2 different from the first 1WOOD Residence?+
Both are furnished JVC buildings by Object 1 with a warm, wood-toned design, but they are separate projects with their own units and payment plans. Phase 2 has a basement, ground floor, four podium levels, twelve residential floors and a roof, and adds a clubhouse, BBQ area, kids' pool and outdoor CrossFit zone to the pool and gym. The first phase, in JVC District 14, centres its shared spaces on coworking and a mini-market.
Who is 1WOOD Residence 2 suited to?+
Most units are studios and one-bedroom apartments, with a smaller number of two-bedroom and 2.5-bedroom layouts, so it mainly suits singles, couples and investors buying a rental unit, while the larger layouts work for small families. Apartments come furnished with an equipped kitchen and appliances, which matters for overseas owners who cannot fit out a flat from abroad. Families get a kids' play area and a separate kids' pool, and the payment plan includes a post-handover option.
What amenities does 1WOOD Residence 2 include?+
Residents get a swimming pool with a sun deck and loungers, a separate kids' pool, a fully equipped gym, an outdoor CrossFit area, a clubhouse, BBQ areas and a kids' play area. Inside the apartments, large windows bring in natural light and every unit has an equipped kitchen with appliances. The facade uses natural textures and earthy materials, in line with the organic design concept of the 1WOOD brand.
What is the handover date of 1WOOD Residence 2?+
1WOOD Residence 2 is under construction, with handover scheduled for Q4 2027. Off-plan handover dates are the developer's target and can move; your Sale and Purchase Agreement states the contractual completion date.
What is the payment plan for 1WOOD Residence 2?+
1WOOD Residence 2 uses a 20/40/40 payment plan: 20% on booking, 40% in instalments during construction and 40% on handover. A post-handover option is also offered on some units. Instalments are paid in AED and can be sent from abroad. Off-plan instalments are paid into a RERA-supervised escrow account for the project. Confirm the current schedule for your unit before you reserve.
How much does an apartment at 1WOOD Residence 2 cost?+
Prices at 1WOOD Residence 2 start from AED 788,117 (≈ US$215K). Listed layouts: studios of 397–435 sq ft from AED 788,117, 1-bedroom apartments of 588–1,158 sq ft from AED 1,165,460 and 2-bedroom apartments of 829–2,018 sq ft from AED 1,267,583. Availability and prices change as units sell, so ask for the current price list.
Where is 1WOOD Residence 2 located?+
1WOOD Residence 2 is in Jumeirah Village Circle, Dubai. Approximate drive times: Circle Mall, Jumeirah Village Circle (5 minutes), Dubai Miracle Garden (10 minutes), Mall of the Emirates (15 minutes), Dubai Internet City Metro Station (15 minutes) and Dubai Marina (20 minutes).
What are the service charges at 1WOOD Residence 2?+
The developer's estimated service charge is 15 AED/sqft. The final rate is approved by the Dubai Land Department once the owners' association is formed, so treat the figure as an estimate. Apartments are delivered furnished.
Can foreigners buy at 1WOOD Residence 2 from abroad?+
Yes. Jumeirah Village Circle is a freehold community where non-UAE nationals can buy and register title with DLD; confirm the freehold status of the specific plot on the DLD title or Oqood certificate. You do not need to live in the UAE: most of the purchase can be handled from abroad. Where a signature is needed in Dubai, someone can sign for you under a power of attorney notarised in your country and legalised for use in the UAE. Transfer costs: 4% DLD registration fee on the price — DLD's schedule splits it 2% buyer / 2% seller, so check your SPA for who pays. Property worth AED 2M or more can support a Golden Visa application; units here start below that, so ask which layouts qualify.
