Olivz Residence: Premium Living in Warsan First Development

Overview

Olivz Residence stands as a beacon of modern residential excellence in Dubai’s rapidly developing Warsan First Development area. This impressive residential complex represents a significant addition to Dubai’s diverse real estate portfolio, offering sophisticated living spaces designed to cater to the aspirations of discerning residents seeking contemporary comfort and convenience.

About Olivz Residence

Olivz Residence is a primarily residential development that showcases thoughtful architectural design and comprehensive amenities. With a substantial built-up area of 17,501.64 square meters spread across 9 buildings, this residential community provides an ideal environment for families and individuals looking for quality accommodation in a well-planned community setting.

Key Facts About Olivz Residence

1. Strategic Location in Warsan First Development Olivz Residence is strategically positioned within Warsan First Development, one of Dubai’s emerging residential zones that offers excellent connectivity to major parts of the emirate. The location provides residents with convenient access to schools, shopping centers, healthcare facilities, and major transportation routes.

2. Substantial Built-Up Area The development encompasses an impressive 17,501.64 square meters of built-up area, ensuring spacious living environments and well-designed common areas that enhance the overall quality of life for residents.

3. Multi-Building Complex The residential complex consists of 9 buildings, creating a diverse neighborhood atmosphere while maintaining an intimate community feel. This multi-building configuration allows for varied apartment typologies and layouts.

4. Comprehensive Parking Infrastructure With 142 dedicated parking spaces, Olivz Residence provides ample parking facilities for residents and visitors, addressing one of Dubai’s essential residential requirements and ensuring convenient vehicle access.

5. Mixed-Use Convenience The development includes 8 retail shops, adding a mixed-use element that brings everyday convenience to residents. These spaces support local commerce and create a vibrant community atmosphere.

6. Modern Residential Focus As a residential-dominant development, Olivz Residence prioritizes apartment living with quality finishes and thoughtful unit designs that appeal to Dubai’s diverse residential market.

7. Family-Oriented Community The development’s residential nature and comprehensive amenities make it particularly attractive to families seeking a balanced lifestyle with easy access to local services and educational institutions.

8. Warsan Area Growth Warsan First Development has experienced significant growth and investment, positioning Olivz Residence as part of an increasingly desirable residential corridor in Dubai.

9. Sustainable Design Approach Modern residential developments in Warsan incorporate sustainability principles, with Olivz Residence likely featuring water conservation measures and energy-efficient systems.

10. Investment Opportunity As part of Dubai’s expanding residential real estate market, Olivz Residence represents a compelling investment opportunity for those seeking properties in emerging, growth-oriented neighborhoods.

Residential Features and Amenities

Apartment Living

Olivz Residence offers a range of thoughtfully designed apartments across its 9 buildings. The residential units feature modern specifications and layouts that maximize space utilization and natural light. Whether you’re a first-time homebuyer, growing family, or seasoned investor, the diverse apartment options available cater to various lifestyle preferences and requirements.

Community Spaces

The development provides well-appointed common areas designed to foster community engagement and relaxation. These spaces complement the residential experience and encourage interaction among residents.

Retail Integration

The 8 shops integrated within the development add significant convenience value. These retail spaces accommodate essential services, creating a self-sufficient community where residents can access daily necessities without venturing far from their homes. This mixed-use element enhances the overall lifestyle proposition.

Parking and Accessibility

The 142 parking spaces ensure that vehicle owners enjoy convenient access to their apartments. The generous parking provision reflects Dubai’s automotive culture and addresses practical residential needs effectively.

Location and Connectivity

Warsan First Development’s strategic position offers excellent connectivity throughout Dubai. Residents enjoy convenient access to:

Major arterial roads and highways
Schools and educational institutions
Shopping and entertainment centers
Healthcare and medical facilities
Business districts and employment zones
Parks and recreational areas

The location balances the benefits of being part of Dubai’s expanding infrastructure while maintaining reasonable proximity to established areas of the emirate.

Investment Perspective

Olivz Residence presents an attractive proposition for property investors. The residential-focused nature of the development, combined with its location in a growth-oriented area, positions it favorably within Dubai’s dynamic real estate market. The inclusion of retail spaces adds diversification to the development’s appeal, creating opportunities for both owner-occupiers and investors.

The substantial built-up area and multiple buildings ensure strong market presence, while the comprehensive parking and facilities support strong rental yields and property appreciation potential.

Target Market

The development appeals to a broad demographic:

Young Professionals: Seeking modern, convenient residential spaces
Growing Families: Looking for spacious apartments in planned communities
Investors: Targeting emerging residential markets with growth potential
Expatriates: Seeking quality accommodation with integrated amenities

Living Experience

Residents of Olivz Residence benefit from:

Modern architectural design and finishes
Comprehensive residential amenities
Convenient retail and services integration
Ample parking facilities
Community-focused development approach
Strategic location with excellent connectivity
Investment-grade property values

Conclusion

Olivz Residence in Warsan First Development represents a significant residential offering in Dubai’s real estate landscape. With its substantial 17,501.64 square meter built-up area distributed across 9 buildings, the development provides quality living spaces complemented by comprehensive amenities. The inclusion of retail spaces and abundant parking demonstrates a holistic approach to residential development that prioritizes resident convenience and lifestyle.

Whether you are seeking a primary residence, investment property, or downsizing option, Olivz Residence offers an attractive combination of modern residential living, community integration, and strategic location. The development’s position within Warsan First Development, a growing residential area, adds long-term value appreciation potential.

For those seeking contemporary residential living in Dubai with convenient access to essential services and amenities, Olivz Residence presents a compelling choice that successfully balances comfort, convenience, and investment potential.

Key Property Specifications

Specification	Details
Total Built-Up Area	17,501.64 sqm
Number of Buildings	9
Residential Units	Multiple Apartments
Office Spaces	0
Parking Spaces	142
Retail Shops	8
Development Type	Residential
Location	Warsan First Development, Dubai

Service Charge Component	Description
1. Common Area Maintenance & Upkeep	This fee covers the essential daily operations and general maintenance of all shared spaces within Olivz Residence. It includes routine cleaning of lobbies, corridors, stairwells, and elevators, landscaping services for gardens and external areas, pest control, and minor repairs to the building’s infrastructure. This ensures the property maintains a high standard of presentation and functionality for all residents. The estimated charge for this component, factoring in other services, contributes significantly to the overall annual cost, which is approximately AED 15 per sqft per year.
2. Facilities & Amenities Upkeep	A portion of the service charge is allocated to the maintenance and operational costs of the exclusive facilities and amenities available to Olivz Residence residents. This includes regular servicing and cleaning of the swimming pool, gymnasium equipment, kids’ play areas, and any other recreational spaces. It also covers the upkeep of communal parking facilities and general wear and tear of these high-traffic areas, ensuring they remain safe, clean, and fully operational for enjoyment.
3. Utilities for Common Areas & Chiller Fees	This component accounts for the consumption of electricity and water in all common areas, such as hallways, lobbies, gymnasiums, and parking levels. It also includes the crucial district cooling or chiller charges, which are often a significant part of service fees in Dubai, ensuring a comfortable indoor climate throughout the year for central air conditioning systems. These utilities are vital for the continuous operation of the building’s essential services and shared amenities.
4. Security & Waste Management Services	Ensuring the safety and cleanliness of the community is paramount. This fee covers the costs associated with 24/7 security personnel, surveillance systems (CCTV), and access control measures to provide a secure living environment for all residents. Additionally, it includes professional waste collection and disposal services, ensuring efficient and hygienic management of refuse generated by the property, contributing to a clean and pleasant environment.
5. Owners Association Management & Sinking Fund Contribution	This segment covers the administrative fees charged by the Owners Association (OA) management company for overseeing the property’s operations, financial management, and compliance with local regulations. A crucial part of this is the contribution to the Sinking Fund (or Reserve Fund), which is a mandatory reserve set aside for future major capital expenditures, such as significant repairs, structural renovations, or replacement of large communal assets (e.g., elevators, roof repairs) to preserve the long-term value and integrity of Olivz Residence.

Service Charge Component

Description

1. Common Area Maintenance & Upkeep

This fee covers the essential daily operations and general maintenance of all shared spaces within Olivz Residence. It includes routine cleaning of lobbies, corridors, stairwells, and elevators, landscaping services for gardens and external areas, pest control, and minor repairs to the building’s infrastructure. This ensures the property maintains a high standard of presentation and functionality for all residents. The estimated charge for this component, factoring in other services, contributes significantly to the overall annual cost, which is approximately AED 15 per sqft per year.

2. Facilities & Amenities Upkeep

A portion of the service charge is allocated to the maintenance and operational costs of the exclusive facilities and amenities available to Olivz Residence residents. This includes regular servicing and cleaning of the swimming pool, gymnasium equipment, kids’ play areas, and any other recreational spaces. It also covers the upkeep of communal parking facilities and general wear and tear of these high-traffic areas, ensuring they remain safe, clean, and fully operational for enjoyment.

3. Utilities for Common Areas & Chiller Fees

This component accounts for the consumption of electricity and water in all common areas, such as hallways, lobbies, gymnasiums, and parking levels. It also includes the crucial district cooling or chiller charges, which are often a significant part of service fees in Dubai, ensuring a comfortable indoor climate throughout the year for central air conditioning systems. These utilities are vital for the continuous operation of the building’s essential services and shared amenities.

4. Security & Waste Management Services

Ensuring the safety and cleanliness of the community is paramount. This fee covers the costs associated with 24/7 security personnel, surveillance systems (CCTV), and access control measures to provide a secure living environment for all residents. Additionally, it includes professional waste collection and disposal services, ensuring efficient and hygienic management of refuse generated by the property, contributing to a clean and pleasant environment.

5. Owners Association Management & Sinking Fund Contribution

This segment covers the administrative fees charged by the Owners Association (OA) management company for overseeing the property’s operations, financial management, and compliance with local regulations. A crucial part of this is the contribution to the Sinking Fund (or Reserve Fund), which is a mandatory reserve set aside for future major capital expenditures, such as significant repairs, structural renovations, or replacement of large communal assets (e.g., elevators, roof repairs) to preserve the long-term value and integrity of Olivz Residence.