Al Waleed Garden

TL;DR — Al Waleed Garden at a Glance A two-phase residential community by Al Waleed Real Estate LLC (founded 1994) in Al Jaddaf, Bur Dubai — walking distance from Al Jaddaf Metro Station (Green Line). Phase 1 delivers 154 apartments across 17 storeys with 1, 2 and 3-bedroom units (completed ~2019). Phase 2, Al Waleed Garden 2, adds a further 173 units including studios from AED 450,000 and 1-bedrooms from AED 900,000 (completed Q4 2023). Together the two buildings offer a full community amenity stack including swimming pool, gym, padel court, basketball court and running track, in a district transforming into Abu Dhabi's 'Urban Technology District' analogue for Dubai — with Al Jaddaf area yields running at 6–6.7% and prices up 9.2% year-on-year.

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Overview — A Two-Phase Community in Al Jaddaf

Al Waleed Garden is a completed two-phase residential community in Al Jaddaf, the rapidly evolving Bur Dubai waterfront district bordered by Dubai Creek, Oud Metha Road and Al Khail Road. Developed by Al Waleed Real Estate LLC — a privately owned GCC developer established in 1994 — the community comprises two adjacent 17-storey residential towers positioned within the Dubai Healthcare City Phase 2 sub-zone of Al Jaddaf.

Phase 1 — Al Waleed Garden was the original tower: 17 storeys, 154 apartments, offering 1-bedroom, 2-bedroom and 3-bedroom units. The building achieved completion approximately Q3 2019 and has been fully occupied and managed since then. Phase 1 is sold out from the developer, with an active resale and rental market established.

Phase 2 — Al Waleed Garden 2 is the follow-up tower: 17 storeys plus one basement level, 173 units (171 residential apartments and 2 retail units), delivering studios, 1-bedroom and 2-bedroom apartments. Phase 2 construction commenced in March 2022, and handover was completed in Q4 2023 (October–December 2023). The tower was confirmed 100% complete by January 25, 2024. Phase 2 is also sold out from the developer, with a resale market now active.

The two buildings share the same architect (Alajmi Engineering Consultants), the same developer, and the same amenity philosophy — creating a cohesive two-building community rather than two standalone towers. Both sit within the broader Al Jaddaf district, which is undergoing significant transformation under Dubai's 2040 Urban Master Plan, with a planned "Urban Technology District" (URB) targeting 4,000 new jobs by 2030.

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Location — Al Jaddaf, Bur Dubai

Al Jaddaf (Arabic: "The Rower") is a mixed-use district in Bur Dubai, historically known as a traditional dhow-building hub on the western banks of Dubai Creek. The district spans approximately 7.3 square kilometres and sits within a triangle bounded by Dubai Creek, Oud Metha Road (E66), and Al Khail Road (D68). Al Waleed Garden sits within the Dubai Healthcare City Phase 2 sub-zone of Al Jaddaf.

Key distances and connectivity:

| Destination | Approximate Distance / Time | |---|---| | Al Jaddaf Metro Station (Green Line) | Walking distance — the development's most significant connectivity asset | | Dubai International Airport (DXB) | ~5.6 km / 10 minutes by car | | Business Bay | ~10 minutes by car | | Downtown Dubai / Burj Khalifa | ~10–15 minutes by car | | Dubai Frame | ~1.5 km / ~5 minutes | | WAFI Shopping Mall | ~5 minutes by car | | Dubai Festival City Mall | ~7 minutes by car | | Dubai Creek / Jadaf Waterfront | Adjacent — Culture Village and Palazzo Versace Dubai nearby | | Ras Al Khor Wildlife Sanctuary | Adjacent to the district |

Al Jaddaf Metro Station on the Dubai Metro Green Line provides direct access northward to Deira and Union Square, and southward to Al Jadaf terminus — enabling car-free commutes to Business Bay, DIFC and central Dubai within 20–25 minutes via metro interchange.

The Jadaf Waterfront and Culture Village — a ~3 million square metre mixed-use waterfront district on Dubai Creek — sits immediately adjacent to Al Jaddaf, with Palazzo Versace Dubai and multiple F&B outlets along the Creek promenade. This waterfront leisure amenity is walkable from Al Waleed Garden.

Al Jaddaf Investment Context (2024–2025):

• Average price per sqft: AED 1,784–1,790/sqft (up ~9.2% year-on-year)
• Rental yields: 6.0%–6.7% across unit types (1BR: ~6.3%; 2BR: ~5.6%; 3BR: ~6.7%)
• District designation: Al Jaddaf is planned as an "Urban Technology District" (URB) by 2030, with 4,000 new jobs and significant infrastructure investment targeted

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Architecture — Twin 17-Storey Towers, Dubai Healthcare City Phase 2

Both Al Waleed Garden towers are designed by Alajmi Engineering Consultants and rise 17 storeys — mid-rise in Dubai terms, offering a building scale that supports community atmosphere without the anonymity of high-rise towers. Phase 2 adds one basement level for additional parking capacity.

The architectural approach is contemporary functional residential: clean facades, efficient floor plate design, generous balconies on most units, and practical podium-level amenity placement. Both buildings are fully air-conditioned with central systems and equipped with multiple high-speed elevators.

All units include balconies with views over the Al Jaddaf district or towards Dubai Creek. Ground-floor retail is integrated into both phases — Phase 1 includes an established supermarket (MS FM Supermarket) and additional retail; Phase 2 includes 2 dedicated retail units.

Phase 2 was constructed at a project value of approximately AED 60.5 million (USD ~16.5 million), with foundation works executed by Power Axes Foundation.

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Amenities — Full Community Stack Across Both Phases

The combined Al Waleed Garden community offers a comprehensive amenity programme across both towers:

Phase 1 Amenities (Confirmed):

• Outdoor swimming pool
• Fully equipped gymnasium
• Hot tub
• Sauna and steam room
• Basketball court
• Tennis court
• Table tennis
• Running / jogging track
• Children's play area
• Landscaped gardens and BBQ area
• Prayer room
• Concierge and 24-hour CCTV security
• Covered parking (podium level, 2 levels)
• Central gas
• Multiple high-speed elevators
• Ground floor retail (MS FM Supermarket)

Phase 2 Amenities (Confirmed):

• Swimming pool
• Fully equipped gymnasium
• Padel tennis court (confirmed)
• Basketball court
• Running / jogging track
• Table tennis
• Children's play area
• Business centre / co-working
• Landscaped deck and gardens
• BBQ area
• Smart home technology
• 24/7 security and concierge
• Covered parking (194 allocated spaces)
• Central air conditioning
• CCTV surveillance throughout
• Ground floor retail (2 units)

Residents in either tower benefit from the amenity programmes of both buildings, creating a combined leisure and sports offering that includes padel, basketball, tennis, running tracks, hot tub, sauna and steam room — a package that is notably comprehensive for a mid-market Al Jaddaf address.

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Unit Types & Sizes — Studios Through 3-Bedrooms

Phase 1 — Al Waleed Garden (154 units):

| Unit Type | Size Range (sqft) | Size (sqm approx.) | Launch Price Range (AED) | |---|---|---|---| | 1-Bedroom | 866 – 973 sqft | 80 – 90 sqm | from ~AED 900,000+ | | 2-Bedroom | 1,205 – 1,359 sqft | 112 – 126 sqm | AED 1,361,700 – 1,529,178 | | 3-Bedroom | 1,741 – 1,744 sqft | 162 sqm | AED 1,958,568 – 1,959,907 |

Note: Phase 1 does not include studio apartments — the minimum unit is a 1-bedroom.

Phase 2 — Al Waleed Garden 2 (173 units):

| Unit Type | Size Range (sqft) | Size (sqm approx.) | Starting Price (AED) | |---|---|---|---| | Studio | 400 – 580 sqft | ~37 – 54 sqm | from AED 450,000 | | 1-Bedroom | 809 – 973 sqft | ~75 – 90 sqm | from AED 900,000 | | 2-Bedroom | 1,280 – 1,453 sqft | ~119 – 135 sqm | from AED 1,000,000+ | | Retail | — | — | 2 units (ground floor) |

Phase 2 overall price range at launch: AED 456,000 – AED 2,600,000. Price per sqft at launch: approximately AED 1,000–1,150/sqft for studios; higher for larger units. Both phases are fully sold out from the developer; active resale and rental markets are established.

Current Rental Asking Prices (2024–2025):

• Studio: AED 55,000–75,000/year
• 1-Bedroom: AED 72,999–90,000/year
• 2-Bedroom: AED 90,000–155,000/year

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Developer — Al Waleed Real Estate LLC

Al Waleed Real Estate LLC is a privately owned real estate development and investment company founded in 1994, headquartered at Office 409, Al Waleed HO Building, Zabeel Road, Al Karama, Dubai. The company is a subsidiary of Al Waleed Group — a diversified conglomerate with operations spanning real estate development, construction, hospitality and leisure, retail, healthcare, banking and financial services.

The developer operates across the UAE with expansion into Oman, Jordan and the United Kingdom. CEO Mohd A Razaq A Aziz Al Mutawa positions the company as one of the fastest-growing private developers in the GCC. Al Waleed Real Estate manages its own portfolio through Al Waleed FM — an in-house facility management brand.

Notable projects under the Al Waleed Real Estate banner include Al Waleed Garden Phase 1 and 2 (Al Jaddaf), Lemon Tree Hotel (UAE), and residential properties in Al Nahda, Al Barsha, and Dubai Silicon Oasis (DSO). The developer's Dubai Healthcare City presence through Al Waleed Garden 1 and 2 reflects strategic land acquisition in an emerging district that has subsequently delivered strong capital appreciation.

Contact: +971 4 334 1234 | [email protected] | alwaleedrealestate.com

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Investment Summary — Al Jaddaf Yields and Transformation Upside

Al Waleed Garden (both phases) is a fully completed, income-generating residential community in one of Dubai's most rapidly appreciating mid-market districts.

Rental Yields:

• Al Jaddaf area empirical yields (2024–2025): 6.0%–6.7% gross
  • 1-Bedroom: ~6.3%
  • 2-Bedroom: ~5.6%
  • 3-Bedroom: ~6.7%
• Developer marketing ROI claim: 8–10% for 1-bedroom units (UAE Offplan listing)
• Dubai-wide apartment average: ~7.0%–7.3% gross / ~5.7% net

Capital Appreciation:

• Al Jaddaf price per sqft (2024–2025): AED 1,784–1,790/sqft
• Year-on-year price growth: approximately +9.2%
• Al Jaddaf prices remain approximately 30% below the district's previous peak of AED 2,543/sqft — suggesting meaningful upside for early holders
• District transformation to "Urban Technology District" (URB) status by 2030 — targeting 4,000 new jobs — is a long-run catalyst for pricing

Freehold Status:

• Both phases — freehold title. Note: Property Finder lists Phase 2 as 99-year leasehold (unverified discrepancy); the DLD title deed number should be checked directly via the Dubai Land Department registry or Al Waleed Real Estate for the definitive tenure classification

Short-Term Rental:

• Phase 2 units are actively listed on short-term rental platforms (holiday homes), confirming the building's suitability and DTCM permit eligibility for Airbnb/holiday letting — an additional yield optimisation avenue

Occupancy Context:

• Dubai-wide apartment occupancy: above 90–94%
• Vacancy rate citywide: 4–7%
• Al Jaddaf benefits from proximity to Dubai Healthcare City (medical professionals tenant pool), Dubai Frame, and the Jadaf Waterfront leisure destination

Service Charges: No specific per-sqft service charge rate for Al Waleed Garden is published in publicly available sources. For Dubai mid-range apartments, service charges typically range AED 10–15/sqft/year. The exact figure for Al Waleed Garden can be obtained via the DLD Service Charge Index at dubailand.gov.ae or directly from Al Waleed FM (alwaleedfm.com).