Omya Residences (Wasl Gate) — SKID Score 6.0/10

Key information

Delivery date: Jun 2028
Location: Dubai, Wasl Gate, Omya Residences
Payment plan: On request
Property types: Apartment
Government fee: 4%
Ownership type: Freehold
Starting price / sq.ft: AED 1,995 / sq.ft
Unit sizes: From 363 sq.ft
SKID score: 6.0 / 10 (Proceed with caution)

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Payment plan

Milestone payment plan available on request

Simulate custom installment schedules or request the latest developer rate card.

Project timeline

Project announcement
Pantheon official release
Booking & registration
Open for unit reservation
Construction phase
Active development
Expected completion
Jun 2028

About the project

Proceed with caution.

Several evidenced factors are weak.

Asking price is 26.3% above comparable off-plan sales (+AED 415/sq.ft.)

Published starting price per sq ft is notably above historical closed transactions in this district.

Amenities

Children’s Pool
Lobby
Leisure Areas
BBQ
Private Pool
Kids’ Splash Pad
Social Zone
Lift
Pool Deck
Sitting Area
Lounge
Rooftop Pool
Covered Kids’ Play Area
Basketball Court
Jogging Tracks
Walking Paths
Outdoor Multipurpose Space
Yoga Area
Covered Parking
Shared Jacuzzi
CrossFit Zone
Outdoor Kids’ Play Area
Shared Gym
Tennis Court
Cinema

Units

from developer

Studio

Floor plan not published by source

363 sq.ft · AED 1,995 / sq.ft

From AED 725K

1 BR

Floor plan not published by source

Size on request

Price on request

2 BR

Floor plan not published by source

Size on request

Price on request

Floor plans & layouts

Floor plans not yet published by developer

Request the latest developer brochure and unit floor plan sheets on WhatsApp.

Request floor plans

Price comparison & DLD history

8-Factor Evidence Breakdown

7/8 factors backed by verified evidence (88% weight coverage) · skid-geo-v3.0-8factor

6.0/ 10

Historical DLD Transaction Context

Asking price is 26.3% higher than comparable off-plan registrations (+AED 415/sq.ft.)

26.3% above comparable sales

The developer asks AED 724,900 (~AED 1,995/sq.ft. for a published 363 sq.ft. starting unit), while comparable off-plan residential registrations in Wasl Gate sold for a median of AED 1,580/sq.ft. (AED 574,014 for the same size).

1. Published Asking Price

AED 1,995 / sq.ft.

AED 724,900 starting price · 363 sq.ft.

2. Historical Nearby Closed Sales

AED 1,580 / sq.ft.

~AED 574,014 for the same size

3. Spread vs Historical Median

+AED 415 / sq.ft. (+26.3%)

+AED 150,886 vs historical median

Show bar comparison & transaction context

Published Launch AskAED 1,995 / sq.ft.

Historical Nearby Closed Sales MedianAED 1,580 / sq.ft.

Historical transaction context: The asking rate is 26.3% (~AED 150,886 on a 363 sq.ft. unit) above recent comparable off-plan registrations in Wasl Gate. Paying above recent nearby transactions increases your upfront entry basis—local secondary prices would need to sit at least 26.3% higher—plus ~4%–6% in registration and resale costs—at handover just to match today's baseline.

Get an available quotation

Select a verified unit bucket to inspect published pricing and payment milestones.

Official payment schedule is available on request from the developer. Open the calculator to inspect unit pricing and closing fees.

View full 8-factor score breakdown & recent DLD sales

Key takeaways before you buy

Plain-language summary of pricing, payment terms, and delivery outlook

Bottom Line

Asking price is 26.3% above comparable off-plan sales (+AED 415/sq.ft.)

The developer asks AED 1,995/sq.ft., whereas comparable off-plan registrations in Wasl Gate sold for a median of AED 1,580/sq.ft. (~AED 150,886 higher for the same area). (Verified Fact · Verified DLD Sales)

Pricing vs. Closed Sales

+26.3% (+AED 415/sq.ft.)

Asking price is 26.3% above comparable off-plan sales (+AED 415/sq.ft.)

The developer asks AED 1,995/sq.ft., whereas comparable off-plan registrations in Wasl Gate sold for a median of AED 1,580/sq.ft. (~AED 150,886 higher for the same area).

Why this matters: The asking rate is 26.3% (~AED 150,886 on a 363 sq.ft. unit) above recent comparable off-plan registrations in Wasl Gate. Paying above recent nearby transactions increases your upfront entry basis—local secondary prices would need to sit at least 26.3% higher—plus ~4%–6% in registration and resale costs—at handover just to match today's baseline.

Handover Horizon (Potential Risk)

~2.2 Yrs (2028-06)

Estimated ~2.2-year horizon until 2028-06 target handover (~26 months)

Target completion is scheduled for 2028-06. SKID does not assume or predict developer delays, but a ~2.2-year construction window carries potential schedule and market-cycle exposure.

Why this matters: Capital committed during construction remains illiquid until handover, and multi-year timelines carry potential exposure to contractor pacing, phased delivery, and market shifts.

Competing Supply (Potential Risk)

6 Launches

6 competing off-plan launches tracked in Wasl Gate — potential handover competition

SKID tracks 6 competing off-plan launches in Wasl Gate. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover.

Why this matters: Future supply impact is a potential risk rather than a certainty: if multiple towers deliver in the same window, sellers may face longer marketing times or more competitive secondary resale pricing.

SKID intelligence

How does this project compare across all 8 factors?

Evidence Coverage: 7/8 factors (87.9%)
Methodology: skid-geo-v3.0-8factor

How SKID scores & compares projects

Last evaluated: 2026-11-02

Strong

• Handover sits in a typical 1–3 year off-plan window

Watch

• Amenities mention park
• Active UAE developer with established multi-project delivery history
• 6 competing launches in Wasl Gate
• Service charge published at 17

Risk

• Published starting price vs historical DLD closed sales median: +26.3% above historical DLD closed sales median per sq ft in this community
• 425 closed sales in the last year in this community

See all 8 scoring factorsWhy SKID gave it 6.0

Why SKID gave it 6.0

Location

Weight: 27.6%

6.5/ 10

Amenities mention park

Entry price

Weight: 20.7%

3.2/ 10

Published starting price vs historical DLD closed sales median: +26.3% above historical DLD closed sales median per sq ft in this community

Developer

Weight: 20.7%

7.0/ 10

Active UAE developer with established multi-project delivery history

Supply / competition

Weight: 13.8%

6.4/ 10

6 competing launches in Wasl Gate

Payment plan

Weight: 12.1%

Insufficient evidence (N/A)

Delivery risk

Weight: 6.9%

8.9/ 10

Handover sits in a typical 1–3 year off-plan window

Exit liquidity

Weight: 6.9%

5.8/ 10

425 closed sales in the last year in this community

Service charges

Weight: 3.5%

7.1/ 10

Service charge published at 17

Factor	Weight	Score
Location Amenities mention park	27.6%	6.5/ 10
Entry price Published starting price vs historical DLD closed sales median: +26.3% above historical DLD closed sales median per sq ft in this community	20.7%	3.2/ 10
Developer Active UAE developer with established multi-project delivery history	20.7%	7.0/ 10
Supply / competition 6 competing launches in Wasl Gate	13.8%	6.4/ 10
Payment plan Insufficient evidence (N/A)	12.1%	Insufficient evidence (N/A)
Delivery risk Handover sits in a typical 1–3 year off-plan window	6.9%	8.9/ 10
Exit liquidity 425 closed sales in the last year in this community	6.9%	5.8/ 10
Service charges Service charge published at 17	3.5%	7.1/ 10

Recent sales nearby

Date	Type	Price	Sq ft	AED / sq ft
2026-07-07	Off-plan · Apartment	AED 1.67M	1,318	1,267
2026-07-07	Off-plan · Apartment	AED 2.34M	1,286	1,820
2026-07-07	Off-plan · Apartment	AED 1.01M	858	1,173
2026-07-07	Off-plan · Apartment	AED 531K	364	1,461
2026-07-06	Off-plan · Apartment	AED 1.03M	793	1,304
2026-07-06	Off-plan · Apartment	AED 1.94M	1,263	1,539
2026-07-06	Off-plan · Apartment	AED 3.06M	1,867	1,639
2026-07-06	Off-plan · Apartment	AED 2.25M	1,295	1,734
2026-07-06	Off-plan · Apartment	AED 1.67M	843	1,978
2026-07-06	Off-plan · Apartment	AED 1.51M	847	1,782
2026-07-06	Off-plan · Apartment	AED 1.55M	840	1,841
2026-07-06	Off-plan · Apartment	AED 2.38M	1,298	1,831
2026-07-06	Off-plan · Apartment	AED 2.26M	1,295	1,747
2026-07-06	Off-plan · Apartment	AED 1.04M	640	1,624
2026-07-06	Off-plan · Apartment	AED 1.2M	812	1,481
2026-07-06	Off-plan · Apartment	AED 680K	450	1,512
2026-07-06	Off-plan · Apartment	AED 2.36M	1,337	1,761
2026-07-03	Off-plan · Apartment	AED 2.01M	1,290	1,555
2026-07-03	Off-plan · Apartment	AED 1.01M	584	1,737
2026-07-03	Off-plan · Apartment	AED 1.39M	946	1,468
2026-07-02	Off-plan · Apartment	AED 1.91M	1,885	1,014
2026-07-02	Off-plan · Apartment	AED 765K	806	949
2026-07-02	Off-plan · Apartment	AED 723K	765	945
2026-07-02	Off-plan · Apartment	AED 1.32M	737	1,789

Closed sales in this community. These are not this tower's own contracts unless the record says so.

Location

Dubai, Wasl Gate, Omya Residences

Interactive map ready (1 verified location)

· Wasl Gate, Dubai

View project

Living in Wasl Gate

Historical DLD Median

AED 1,580 / sq.ft

Historical DLD Sample

413 closed sales

Ownership

Freehold

Frequently asked questions

Is Omya Residences a good off-plan investment in Wasl Gate?

Omya Residences in Wasl Gate (Dubai) scores 6.0/10 (caution) on the independent SKID 8-factor off-plan model across 88% evidenced factor weight. Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: delivery risk. Weakest: entry price. Historical DLD Closed Transactions: matched closed sales in Wasl Gate record a median of AED 1,580/sqft across 413 verified transactions. Reviewed by SKID Investment Research Engine (as of 2026-11-02).

Who is building Omya Residences?

Pantheon is the developer named on this launch.

When is handover for Omya Residences?

The published handover is Jun 2028.

What is the starting price of Omya Residences?

The published starting price is AED 725K.

What does the SKID screen mean for Omya Residences?

The SKID screen for this launch in Wasl Gate is 80 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.