wasl is launching Avenue Park Towers II at Wasl 1, and the broker briefing is happening now. Pricing is not published. What I can do before it is tell you what has been confirmed, set the anchor from phase one, and flag the one part of this release that is genuinely different from everything else selling in central Dubai.
The short version
If you only want the answer, this is it:
- Freehold, at Wasl 1 in Al Kifaf, next to Zabeel Park.
- One, two and three-bedroom apartments, plus three and four-bedroom duplexes.
- The duplexes are the interesting part. Four-bedroom duplex stock barely exists in central Dubai.
- Price, payment plan and handover date are not announced yet.
- Your anchor is phase one of the same project: it launched from about Dh687,000 on a 5 percent booking, 55 percent during construction, 40 percent on handover structure, with handover set for Q3 2029.
If you want the detail
Below is the location, the unit mix, what a government-owned developer changes about your risk, and the questions that matter on launch day.
What has actually been confirmed
| Item | Confirmed |
|---|---|
| Project | Avenue Park Towers II |
| Location | Wasl 1, Al Kifaf |
| Tenure | freehold |
| Apartments | one, two and three-bedroom |
| Duplexes | three and four-bedroom |
| Price | not yet announced |
| Payment plan | not yet announced |
| Handover | not yet announced |
Three rows of that table are empty and they should stay empty until wasl publishes. Until then, any price you are quoted is the seller's guess.
Where Wasl 1 is, and why the location does the work
Wasl 1 sits in Al Kifaf on the Za'abeel side, which puts it between Bur Dubai and Downtown Dubai.
What separates it is what you can reach on foot. Zabeel Park and the Dubai Frame are neighbours and the metro is close. Central Dubai has very few residential projects with a genuine city park next door, and that shows up later in both rent and resale, because it is the kind of advantage a competing developer cannot build.
wasl has several projects in the same pocket: Park Views Residences, Park Gate Residences and its other new launch, Nine Collective. One developer holding several plots in one district cuts both ways. The district gets built coherently, but when you come to sell or let, your closest competition is the same developer's other stock.
The duplexes are the part worth your attention
One, two and three-bedroom apartments in central Dubai are not scarce. On that stock, this project is competing with everything.
Three and four-bedroom duplexes are a different market. Families who want that much space across two levels usually have to leave the centre and look at townhouses and villas further out. A four-bedroom duplex in Al Kifaf, walking distance from a park, serves a group of buyers with very few alternatives.
That scarcity is also the investment case. The fewer directly comparable units exist, the less price pressure you face at resale. But the number of duplexes has not been announced, and that single figure decides whether this is a real advantage or a line in a brochure. It is the first question I am asking at the briefing.
The developer is government-owned, and that changes the risk
wasl is the asset management arm of Dubai Municipality, so its ownership sits with the government.
For an off-plan buyer that has a practical effect. The core risk in off-plan is whether the developer can fund the project through to handover, and a state-owned group with a large income-producing rental portfolio behind it is in a different position from a small private developer selling its first tower.
That is not a guarantee and it does not make the escrow account less important. But when you are weighing two projects at similar prices, the balance sheet behind the promise is part of what you are paying for.
The anchor: what phase one told us
Phase one, Avenue Park Towers, is two towers and launched from about Dh687,000, with handover set for Q3 2029.
That is not phase two's price. It is your measuring stick. On launch day, compare phase two's price per square foot against phase one's. If there is a real gap, ask which of three things explains it: a better floor and aspect, a different unit type and size, or simply the market having moved since.
The 5 percent deposit, and what it hides
Phase one sold on 5 percent at booking, 55 percent through construction and 40 percent on handover.
A 5 percent deposit is light for Dubai and it makes entry easy. Just notice what that means: the weight has moved into the construction instalments. Before you sign, get the instalment schedule and check what each payment is tied to. If the instalments are linked to construction milestones you are in a reasonable position. If they are tied to calendar dates regardless of progress, you carry more risk. The payment plan comparison puts a number on that difference.
What to ask before you book
- How many duplexes there are and their sizes, because that is where the advantage lives.
- Price per square foot by unit type, not just the starting price.
- The instalment schedule, and whether it is tied to construction milestones or to dates.
- Estimated service charge per square foot.
- The contractual handover date.
- The project escrow account number with the DLD.
- Whether the unit faces Zabeel Park or the highway, because that gap shows up in rent and resale.
My take
The location is the strength and the duplexes are the hook. You can find a two-bedroom apartment in central Dubai anywhere. A four-bedroom duplex beside a major park in Al Kifaf is a much shorter list.
Until the price is published, though, that is a hypothesis and not a recommendation. Register, keep phase one's numbers in your hand, and compare on the day. For where the wider market is actually printing, the monthly Dubai market report tracks it.
Frequently asked questions
wasl's new freehold launch at Wasl 1 in Al Kifaf: one, two and three-bedroom apartments plus three and four-bedroom duplexes, next to Zabeel Park.
Not announced. The anchor is phase one of the same project, Avenue Park Towers, which launched from about Dh687,000.
Not announced for phase two. Phase one sold on 5 percent at booking, 55 percent during construction and 40 percent on handover.
Not announced for phase two. Phase one was set for Q3 2029.
In Al Kifaf on the Za'abeel side, between Bur Dubai and Downtown Dubai, with Zabeel Park and the Dubai Frame as neighbours and the metro close by.
Yes. Avenue Park Towers II is being sold as a freehold development, which means foreign buyers can own outright.
wasl is the asset management arm of Dubai Municipality, so it is government-owned and sits on a large income-producing rental portfolio.
The three and four-bedroom duplexes. Families wanting that much space across two levels usually have to leave central Dubai for townhouses and villas, so directly comparable stock is thin.
Not announced, and it is the number that decides whether the scarcity argument is real. It is the first question to ask.
Park Views Residences, Park Gate Residences and its other new freehold launch, Nine Collective. That means your closest competition at resale is likely the same developer's stock.
It makes entry easy, but the weight moves into the construction instalments. Check whether those instalments are tied to construction milestones or to calendar dates, because dates carry more risk for you.
The number and size of duplexes, price per square foot by unit type, the instalment schedule and what it is tied to, estimated service charge per square foot, the contractual handover date, the DLD escrow account, and whether the unit faces Zabeel Park or the highway.