1WOOD Residence Phase 2: Object 1's JVC Apartment Tower Coming in 2027
Object 1 is the developer behind 1WOOD Residence Phase 2, a residential tower in Jumeirah Village Circle, District 14 in Dubai. The project sits within an established community that has become one of the city's more consistent mid-market residential addresses.
What JVC District 14 Means for Daily Life
Jumeirah Village Circle occupies a central position between Sheikh Mohammed Bin Zayed Road and Al Khail Road. Those two major routes give residents straightforward access to Business Bay and Downtown Dubai in roughly 20 minutes by car, while Dubai Marina is around 15 minutes in the other direction.
District 14 is a residential sub-zone within JVC. The neighbourhood is dominated by apartment buildings of varied height, parks, and neighbourhood retail. It suits buyers who want connectivity to the city's main commercial districts without paying for a waterfront or city-centre address.
Studios From AED 788K to Three-Bedrooms at AED 1.84M
The price range runs from AED 788,117 to AED 1,842,253. That spread of over AED 1 million reflects a genuinely wide unit mix, not just price variation within a single category.
Studios sit at the entry end. At 397 to 426 sq ft, they're compact and priced below AED 800K. One-bedrooms start at AED 1,165,460, with layouts ranging from 588 sq ft to 1,158 sq ft. The starting price is the same across the one-bedroom category; the key differentiator is floor area. A buyer choosing between the smallest and the largest one-bedroom at the same entry price is making a pure size decision.
Two-bedrooms start at AED 1,267,583. Sizes run from 829 sq ft to 2,018 sq ft. The 2,018 sq ft layout is the most notable outlier, offering a large floor plate at a price that stays well below the three-bedroom ceiling. Three-bedroom units top out at AED 1,842,253 for 1,307 sq ft.
A Full Apartment Range
The project covers studios through to three-bedroom apartments. Studio and one-bedroom units target entry-level investors and buyers who want a JVC foothold at the lowest possible capital outlay. Two and three-bedroom layouts target families and buyers who want more living space. The wide size range within each bedroom category means buyers at both ends of the budget can find a configuration that suits them.
What the Six Amenities Signal
| Category | Amenity |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Family | Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor swimming pool is the most notable item on this list. In Dubai's climate, an indoor pool gives residents practical access year-round. A restaurant within the building adds a convenience option for residents who prefer minimal day-to-day upkeep. The combination of gym, gardens, and a children's play area points toward a resident profile that mixes personal fitness with family use.
Completion Set for December 2027
Construction started in April 2025. Expected completion is December 2027, putting the total build at around two and a half years. For a buyer entering now, roughly 18 months of the construction period remain.
Two Ways to Pay
Option 1 keeps things straightforward:
| Milestone | Payment |
|---|---|
| Down payment | 20% |
| During construction | 40% |
| Handover | 40% |
Option 2 defers part of the final payment:
| Milestone | Payment |
|---|---|
| Down payment | 20% |
| During construction | 40% |
| Handover | 10% |
| After handover | 30% |
Both options open with a 20% down payment: AED 157,624 on the entry-level studio and AED 368,451 on the three-bedroom. Option 1 requires 60% before or at handover. Option 2 reduces the handover payment to 10% and schedules 30% post-delivery, which gives a buyer more time between taking the keys and settling the final tranche.