Meraas Real Estates LLC's Al Warsan First project — here's what the Dubai Land Department numbers say.
Meraas Real Estates LLC is the developer of record for Olives Residence
Pricing benchmark: AED 656 per sq ft in Al Warsan First
Completed stock — immediately mortgageable and rentable
Typical ticket size sits below the AED 2M Golden Visa threshold
Sikandar assessment — not financial advice. Derived from DLD registry data and comparable area analysis.
Units
411
Completion
100%
Area avg / sq ft
AED 656
Gross yield
—
Area
Al Warsan First
Developer
Meraas Real Estates LLC
Completion date
11-07-2023
Master development
—
Sourced from the Dubai Land Department transaction registry. The DLD does not publish unit-level transactions against individual project IDs, so these are area comparables for Al Warsan First — the pricing pool Olives Residence trades within.
DLD comparables for Al Warsan First are being refreshed. Request the investor brief below for the current transaction pack.
Source: Dubai Land Department transaction registry, synced 2026-08-09. Averages cover all registered sale procedures in the area and are not adjusted for unit quality, floor or view.
Benchmark entry
AED 1,779,101
Gross rental / yr
—
Net rental / yr
—
Villa benchmark
—
Provisional — indicative only. Gross and net yields are area-level figures from Sikandar's pricing model; net deducts service charges, a vacancy allowance and management overhead. Actual returns vary by unit.
| Scenario | Down payment | Loan | Monthly EMI |
|---|---|---|---|
| NRI (25% down) | AED 444,775 | AED 1,334,325 | AED 7,417 |
| UAE Resident (20% down) | AED 355,820 | AED 1,423,281 | AED 7,911 |
| Cash Buyer | AED 1,779,101 | — | — |
Registered with the Dubai Land Department since 17-0. Other projects from this developer:
1,518 registered buildings and 36,362 registered transactions in the DLD registry for this area.
Browse Dubai areas →Includes payment plan, available inventory, comparable transaction data and Sikandar's risk assessment.
Olives Residence is a Meraas Real Estates LLC development in Al Warsan First of around 411 units, currently recorded at 100% construction completion. Registered sales in Al Warsan First average AED 656 per square foot, which is the pricing pool any unit here trades within — a more reliable anchor than launch brochures.
From a returns perspective, Al Warsan First yield depends heavily on unit type and handover timing. Investors comparing this against alternatives should review our 2026 ROI rankings and model their own scenario in the Investment Simulator.
As completed stock, Olives Residence suits income-focused buyers who want immediate rental cash flow and mortgage access rather than construction exposure. Buyers targeting the Golden Visa should confirm the individual unit clears the AED 2M title-deed threshold. See the Golden Visa property guide for the residency pathway.
Olives Residence sits in Al Warsan First, where the Dubai Land Department has registered 36,362 transactions at an average of AED 656 per sq ft. Meraas Real Estates LLC is the developer of record, and the project is currently completed. Suitability depends on whether you are buying for yield or capital growth — use the figures below rather than launch marketing.
Unit-level rental data for Olives Residence is not yet published. Yields in Al Warsan First should be modelled from comparable registered sales and rental contracts — request the investor brief for the current working numbers.
Possibly. The AED 2M title-deed threshold applies per property, and benchmark values in Al Warsan First sit below that line, so only larger units would qualify. Confirm the specific unit value before relying on Golden Visa eligibility.
Olives Residence is developed by Meraas Real Estates LLC. The project comprises around 411 units. Construction is recorded at 100% complete.
This is a completed project, so the main risks are service-charge inflation and secondary-market supply. Area-level supply in Al Warsan First and the developer's delivery record should both be checked before committing. All figures on this page are indicative and not financial advice.
Send me your budget and timeline and I will come back with the current payment plan, the realistic net yield after DLD fees and service charges, and whether Olives Residence beats the alternatives in Al Warsan First.
Syed Sikandar · RERA Broker Card #75044 · No spam, no listing blast — one considered reply.
Data on this page is compiled by Syed Sikandar (RERA #75044), a Dubai-licensed real estate broker with 5 years of market experience. Olives Residence figures are compiled from the Dubai Land Department project and transaction registries for Al Warsan First. Scores are provisional pending DLD API integration. Last updated: 9 August 2026.
Disclaimer: All financial figures, yields and appreciation estimates on this page are provisional and indicative only. They are based on Dubai Land Department public records, comparable area analysis and Sikandar's methodology. Actual returns may vary. This is not financial advice. Always conduct independent due diligence before making investment decisions.
RERA #75044 · Source: Dubai Land Department registry · © Sikandar.ae 2026