1WOOD Residence

Object One's big idea is to make real estate a contemporary art gallery. And DUBAI is the best place to make it real
House of Self-Сare Feel the fresh air, and let oxygen into every cell of your body.
Object 1 is a part of TSZ Group, which has been working in the real estate market since 2010. For the past 5 years, our development volume raised by 55 times.
We share the Dubai 2040 development plan and are confident to play a big role in it.
The long-awaited, refreshing, source of new life. Better life. Like the rain in the desert.
The economic dependence on the oil product is only 1/3. The rest of the finance inflow comes from the other areas: IT technologies, private business, medicine, and real estate investments. A strong national currency is another significant advantage of the UAE economy. The dirham is firmly connected to the dollar and has remained stable for over 20 years.
The United Arab Emirates has a very loyal tax policy in general and in the real estate sector in particular. Unlike in most European countries, in UAE, there are no property and income taxes and fees. In other words, if you own real estate here and are going to rent it out, this does not oblige you to pay any fees in favor of the state within the UAE.
According to the laws of Dubai, any foreigner has the right to acquire full ownership of any property located in specially designated areas (freeholds). Popular freehold areas are Dubai Marina, Downtown Dubai, Jumeirah Lakes Tower, Jumeirah Village Circle, and others. All rights to real estate are recorded in the Dubai Land Department, where the owner receives a certificate of registration immediately after the actual transaction.
In the UAE, the law obliges all developers to open special escrow accounts with banks or other financial institutions in agreement with the Land Department. All payments received from real estate will be deposited into the particular account. The bank will manage this account based on the concluded agreement. The Land Department must monitor compliance with the rules for using funds from the account. If the developer does not comply with the obligations for the project construction, the bank returns funds from the account to the investors. 100% guarantee.
Dubai is a city with an enormous influx of people, which ensures a constant demand for rental apartments and flats. Short term and long term. The tourism destination alone attracts 17 million people annually, and more than 80% of Dubai's citizens are non-residents. According to the consulting company Core, the rent price in 2022 will continue to rise.
The Dubai Land Department announced that the yield from renting out housing is 5-7% per annum. Realtors clarify that any apartment (flat) or house (villa, townhouse) will fully pay off in 8-10 years. So, in Dubai, the average rental income (gross) is 8-10%. For comparison, in Germany, this figure varies between 5-5.6%, and in France - 5.4-6%.
Since May 2020, the Dubai Land Department has officially allowed transactions for real estate purchases or sales remotely through online services for the reason to counteract the pandemic’s impact on the Dubai real estate market. Today, all the necessary procedures and transactions can be carried out without the investor's physical presence in Dubai. From literally anywhere in the world.
Dubai fully deserved to be called the metropolis of the future and innovation. It is one of the few cities in the world where you can pay for real estate with cryptocurrency. Bitcoin is in great demand among investors and developers. But the choice is not limited to this: Ethereum, Ripple, and Libra are also in use.
The real estate landscape in Dubai is buzzing with activity as experts identify Jumeirah Village Circle, Dubai Marina, Business Bay, Jumeirah Lake Towers, Dubai Creek, and Dubai Hills as the top choices for property seekers in the city.
We are thrilled to announce that the preparatory work on the 1WOOD site has begun! 
Amidst the dynamic changes sweeping the global real estate scene, experts anticipate substantial shifts and trends that will shape the trajectory of Dubai’s property sector in the upcoming year.
Renting out a property in Dubai from abroad involves a series of steps and considerations to ensure a smooth and successful process.
The Dubai real estate market maintains its steady growth in November—let’s explore the numbers!
Dubai’s prime residential market is set for strong growth, driven primarily by supply limitations and resurgence in demand from key source markets such as China and India, according to a Knight Frank report.
Dubai’s opulent real estate landscape is embracing the integration of smart homes to align with nationwide sustainability mandates.

Is it your company? Get access to card editing and additional features