ONE B by Wasl, nestled alongside Dubai Water Canal in Al Quoz near Sheikh Zayed Road, is the UAE’s tallest endowment building. It comes as part of the 1 Billion Meals Endowment initiative, which aims to provide a food safety net for the world’s most underprivileged populations. The project’s unrivalled location will offer a captivating panorama of Al Safa, Safa Park, Dubai Water Canal and Godolphin Race Track.

The architectural design of ONE B is being executed by the multiple award-winning UNStudio, famous for Wasl Tower in Dubai, Marina Galleria in Athens, Melbourne Four Seasons in Melbourne, Mandarin Oriental Hotel and Residences in Istanbul and many more.

The tower comprises 42 storeys housing a collection of 1-3 bedroom apartments and 2-4 bedroom duplexes, in addition to several penthouses. The total area of the residences ranges from 676 sq. ft to 4,769 sq. ft. Notable features of the layouts include having one or more balconies, a powder room and a laundry room, while the duplexes additionally come with walk-in closets and terraces. Yet another important detail is that there will be a maid’s room in every residence except in 1-bedroom apartments.

Many lifestyle-oriented amenities will be available onsite for the residents to enjoy. These include a gourmet cafe/restaurant, a gym, personal and functional training areas, sauna chambers, a multi-purpose room, swimming pools, BBQ pods and a zen garden & meditation area, not to mention the in-house cinema/family lounge, two libraries/reading nooks, coworking lounge and designated area for billiards, indoor games and table tennis.

ONE B’s prime location allows residents to easily access Dubai’s most popular destinations, such as Downtown Dubai, Jumeirah and Business Bay, in just 15 minutes or less. Dubai International Airport is a 20-minute drive away.

Another advantage of the complex is its close proximity to Safa Park, a well-known recreational destination in Dubai. The park offers a large children’s play area, boat tours, volleyball and basketball courts, football fields, BBQ areas and more.

Within a 15-minute drive from ONE B, residents will find a variety of grocery stores, educational institutions, medical facilities and other essential services that meet their daily needs. Some of these include HSBC Jumeirah Branch, Choithrams Al Wasl, Let’s Organic Market, Prime Medical Center, Medcare Hospital Al Safa, Great Minds Nursery, JSS Private School and Al Safa High School.

Depending on your investment amount in ONE B, you will qualify for either a 2- or 10-year residence visa.

As of Q2 2024, the average gross ROI in 1-bedroom units in Al Quoz stands at 7.3%, with a starting annual rental price of AED 75K (USD 20K). Judging by these indicators, it is possible to generate stable income should you decide to rent out your property in ONE B.