Off-plan property investment is a type of real estate investment that involves buying a property before it is completed or even before the construction begins. Off-plan properties are usually offered by developers at lower prices than ready properties, with attractive payment plans and incentives. Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project.
Jumeirah Village Circle (JVC) is one of the most popular areas in Dubai for off-plan property investment, as it is a family-friendly community that is located in the heart of New Dubai, close to Al Khail Road and Sheikh Mohammed Bin Zayed Road. JVC offers a range of off-plan properties, such as apartments, townhouses, villas and hotels, that suit different budgets and preferences. JVC also offers a peaceful and green lifestyle, a prime location and a diverse community that attract many buyers and renters.
In this article, we will explore the off-plan property market in JVC, its benefits and disadvantages, its ROI, its community overview, its rental and sale trends, and its frequently asked questions.
About Jumeirah Village Circle
Jumeirah Village Circle is a master-planned community that was launched in 2004 by Nakheel Properties and covers an area of 870 hectares. It has over 2,000 villas and townhouses and over 3,000 apartments that are arranged in 10 districts. It has a circular layout that is inspired by traditional Arabian villages and features landscaped gardens, parks, walkways and water features.
JVC is strategically located in the heart of New Dubai, along Al Khail Road and Sheikh Mohammed Bin Zayed Road, making it easily accessible from other parts of the city. It is also well-connected by various modes of transportation, such as Dubai Metro, Dubai Bus and Dubai Taxi. JVC is close to some of the major landmarks and attractions in Dubai, such as Mall of the Emirates, Dubai Marina, Palm Jumeirah and Expo 2020 site.
JVC is home to some of the leading international and local businesses, educational institutions, healthcare facilities, hospitality groups, public amenities and many top-notch amenities. It attracts a huge population of families who want to live in a serene and spacious environment. It also attracts many tourists who want to enjoy the comfort and convenience of the area.
How Is The Dubai Jumeirah Village Circle Real Estate Market?
The Dubai Jumeirah Village Circle real estate market is one of the most dynamic and affordable markets in Dubai. It offers a range of properties for rent and sale, such as apartments, townhouses, villas and hotels, that cater to different segments of the population. According to Bayut & dubizzle’s sales report for Dubai H1 2022, JVC is one of the popular areas for buying affordable apartments.
The Dubai JVC real estate market is also influenced by the ongoing developments and projects in the area, such as The Circle Mall, a retail and leisure destination that will feature over 200 shops, restaurants, cafes and entertainment options
These developments and projects will add more value and variety to the Dubai JVC real estate market, as they will offer modern designs, high-quality finishes, smart features, spacious layouts, stunning views, and attractive amenities. They will also attract more buyers, investors, tenants, and tourists to the area, as they will offer competitive prices, flexible payment plans, post-handover payment plans, waiver of fees, free furniture packages, guaranteed rental returns, and potential value appreciation.
How Is The Off-Plan Property Market In Jumeirah Village Circle?
The off-plan property market in Jumeirah Village Circle is one of the most popular and competitive markets in Dubai. It offers a range of off-plan properties for sale, such as apartments, townhouses, villas and hotels, that cater to different budgets and preferences. According to Bayut & dubizzle’s sales report for Dubai H1 2022, JVC is one of the popular areas for buying affordable apartments.
The off-plan property market in JVC is also influenced by the ongoing developments and projects in the area, as mentioned above. These developments and projects offer various benefits and incentives to the off-plan buyers and investors, such as lower prices, flexible payment plans, post-handover payment plans, waiver of fees, free furniture packages, guaranteed rental returns, and potential value appreciation. They also offer various features and amenities to the off-plan buyers and investors, such as modern designs, high-quality finishes, smart features, spacious layouts, stunning views, pools, gyms, spas, gardens, lounges, restaurants and more.
The off-plan property market in JVC is also regulated by the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA), which ensure the protection of the rights and interests of the off-plan buyers and investors. They also ensure the compliance of the developers with the laws and regulations regarding the registration, escrow account, completion date, handover process and quality standards of the off-plan properties.
What Are The Benefits Of Off-Plan Property In Jumeirah Village Circle?
Off-plan property in Jumeirah Village Circle offers several benefits to the buyers and investors, such as:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Buyers and investors can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers and investors to pay in installments over a period of time, rather than paying the full amount upfront. This can help buyers and investors to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow buyers and investors to pay a portion of the price after receiving the keys to the property. This can help buyers and investors to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges or commission fees, that are usually charged by the developer or the agent. This can help buyers and investors to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances and fittings for the property. This can help buyers and investors to save time and money on furnishing and decorating their property.
- Guaranteed rental returns: Some off-plan properties also come with guaranteed rental returns that promise a certain percentage of income for a certain period of time after the handover of the property. This can help buyers and investors to secure a steady source of income and cover their expenses.
- Potential value appreciation: Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project. Buyers and investors can benefit from selling their off-plan properties at higher prices than their purchase prices, or from renting them out at higher rates than their mortgage payments.
What Are The Disadvantages Of Off-Plan Properties In Jumeirah Village Circle?
Off-plan properties in Jumeirah Village Circle also have some disadvantages that buyers and investors should be aware of, such as:
- Delayed completion: Off-plan properties may face delays in completion due to various factors, such as market fluctuations, legal issues, funding problems, design changes or construction challenges. This can affect the plans and expectations of the buyers and investors, who may have to wait longer to receive their property or income.
- Quality issues: Off-plan properties may have quality issues due to various factors, such as poor workmanship, faulty materials, design flaws or maintenance problems. This can affect the satisfaction and comfort of the buyers and investors, who may have to deal with defects or repairs in their property.
- Market risks: Off-plan properties are subject to market risks, such as price fluctuations, demand and supply changes, competition or regulations. This can affect the value and profitability of the off-plan properties, which may decrease or increase over time.
- Lack of transparency: Off-plan properties may lack transparency due to various factors, such as inaccurate information, misleading marketing, hidden clauses or fraudulent practices. This can affect the trust and confidence of the buyers and investors, who may face difficulties or disputes with the developer or the agent.
What Is The ROI On Off-Plan Properties In Jumeirah Village Circle?
The ROI (Return on Investment) on off-plan properties in Jumeirah Village Circle depends on various factors, such as the purchase price, the sale price, the rental income, the fees and charges, the market conditions and the quality of the project. According to Bayut & dubizzle’s sales report for Dubai H1 2022, the average ROI for apartments in JVC was 7.4%, which was higher than the Dubai average of 6.6%.
The table below shows the ROI for different types of off-plan apartments in JVC:
Type | Average Price (AED) | Average Rent (AED) | Average ROI (%) |
---|---|---|---|
Studio | 600,000 | 40,000 | 6.7 |
1-Bedroom | 850,000 | 60,000 | 7.1 |
2-Bedroom | 1,200,000 | 90,000 | 7.5 |
3-Bedroom | 1,800,000 | 130,000 | 7.2 |
4-Bedroom | 3,000,000 | 200,000 | 6.7 |
Why Is Jumeirah Village Circle Off-Plan Property Interesting For Real Estate Developers?
Jumeirah Village Circle off-plan property is interesting for real estate developers because it offers them several advantages, such as:
- High demand: JVC off-plan property has a high demand from buyers and investors who want to benefit from the affordable prices, flexible payment plans, post-handover payment plans, waiver of fees, free furniture packages, guaranteed rental returns and potential value appreciation of the area.
- High returns: JVC off-plan property has a high return on investment from buyers and investors who are willing to pay premium prices for modern designs, high-quality finishes, smart features, spacious layouts, stunning views and attractive amenities of the area.
- High appreciation: JVC off-plan property has a high potential to appreciate in value over time, depending on the market conditions and the quality of the project. Developers can benefit from selling their off-plan properties at higher prices than their cost prices, or from renting them out at higher rates than their expenses.
- High reputation: JVC off-plan property enhances the reputation of developers who can showcase their architectural and artistic excellence in their off-plan projects, and associate themselves with one of the leading communities in Dubai.
Why Is Jumeirah Village Circle Off-Plan Property Interesting For Real Estate Investors?
Jumeirah Village Circle off-plan property is interesting for real estate investors because it offers them several benefits, such as:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Investors can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow investors to pay in installments over a period of time, rather than paying the full amount upfront. This can help investors to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow investors to pay a portion of the price after receiving the keys to the property. This can help investors to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges or commission fees, that are usually charged by the developer or the agent. This can help investors to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances and fittings for the property. This can help investors to save time and money on furnishing and decorating their property.
- Guaranteed rental returns: Some off-plan properties also come with guaranteed rental returns that promise a certain percentage of income for a certain period of time after the handover of the property. This can help investors to secure a steady source of income and cover their expenses.
- Potential value appreciation: Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project. Investors can benefit from selling their off-plan properties at higher prices than their purchase prices, or from renting them out at higher rates than their mortgage payments.
Why Is Jumeirah Village Circle Off-Plan Property Interesting For Off-Plan Buyers?
Jumeirah Village Circle off-plan property is interesting for off-plan buyers because it offers them several advantages, such as:
- Lower prices: Off-plan properties are usually offered at lower prices than ready properties, as developers want to attract buyers and investors at an early stage of the project. Buyers can also benefit from discounts and offers that are available during the launch or pre-launch phase of the project.
- Flexible payment plans: Off-plan properties usually come with flexible payment plans that allow buyers to pay in installments over a period of time, rather than paying the full amount upfront. This can help buyers to manage their cash flow and budget better.
- Post-handover payment plans: Some off-plan properties also come with post-handover payment plans that allow buyers to pay a portion of the price after receiving the keys to the property. This can help buyers to reduce their financial burden and risk.
- Waiver of fees: Some off-plan properties also come with waiver of fees, such as registration fees, service charges or commission fees, that are usually charged by the developer or the agent. This can help buyers to save money and increase their return on investment.
- Free furniture packages: Some off-plan properties also come with free furniture packages that include furniture, appliances and fittings for the property. This can help buyers to save time and money on furnishing and decorating their property.
- Potential value appreciation: Off-plan properties also have the potential to appreciate in value over time, depending on the market conditions and the quality of the project. Buyers can benefit from living in a property that is worth more than its purchase price, or from renting it out at higher rates than its mortgage payments.
- Luxurious lifestyle: Off-plan properties in JVC offer a luxurious lifestyle to buyers who want to live in a family-friendly community that is located in the heart of New Dubai, close to Al Khail Road and Sheikh Mohammed Bin Zayed Road. JVC offers a range of amenities that enhance the quality of life of its residents, such as landscaped gardens, parks, walkways, water features, shops, restaurants, cafes, entertainment options and more.
What To Consider When Buying Off-Plan Properties in Dubai Jumeirah Village Circle?
When buying off-plan properties in Dubai Jumeirah Village Circle, there are some factors that buyers should consider, such as:
1. Developer reputation
Buyers should check the reputation and track record of the developer who is offering the off-plan property. They should look for developers who have completed and delivered their previous projects on time and with quality, and who have positive reviews and feedback from their customers. They should also look for developers who are registered and approved by the Dubai Land Department (DLD) and who have an escrow account for their project.
2. Project location
Buyers should check the location and surroundings of the off-plan property. They should look for properties that are located in prime areas that offer easy access to other parts of the city, and that are close to major landmarks and attractions. They should also look for properties that offer views of the landscaped gardens, parks, water features or the skyline.
3. Payment plans
Buyers should check the payment plans and options that are available for the off-plan property. They should look for payment plans that suit their budget and cash flow, and that offer flexibility and convenience. They should also look for payment plans that offer incentives and benefits, such as discounts, offers, waiver of fees, post-handover payment plans or guaranteed rental returns.
4. Payment structure options
Buyers should check the payment structure options that are available for the off-plan property. They should look for payment structure options that suit their financial goals and preferences, and that offer security and stability. They should also look for payment structure options that offer advantages and opportunities, such as mortgage financing, resale or exit.
5. Due Dilligence
Buyers should conduct due diligence before buying an off-plan property in Dubai Jumeirah Village Circle. They should inspect the property, review the contract, consult a lawyer and seek professional advice. They should also read the terms and conditions, the fine print and the clauses carefully. They should also ask questions and clarify any doubts or concerns they may have.
6. Property Tax
Buyers should be aware of the property tax implications of buying an off-plan property in Dubai Jumeirah Village Circle. They should know the fees and charges that they have to pay, such as registration fees, transfer fees, service charges, maintenance fees and VAT (Value Added Tax). They should also know the tax benefits and exemptions that they may be eligible for, such as capital gains tax exemption, rental income tax exemption and mortgage interest deduction.
Community Overview Of Jumeirah Village Circle
Jumeirah Village Circle is a vibrant and cosmopolitan community that offers a range of options for living, working and entertainment. It has many features and amenities that make it an ideal destination for residents and visitors alike. Some of them are:
What Are The Most Popular Buildings In Jumeirah Village Circle?
Some of the most popular buildings in Jumeirah Village Circle are:
- Pantheon Elysee: A residential project that offers 268 units, ranging from studio to two-bedroom apartments. It features modern designs, high-quality finishes, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa, a garden and a lounge.
- Binghatti Onyx: A residential project that offers 215 units, ranging from one-bedroom to two-bedroom apartments. It features contemporary designs, high-quality finishes, smart features, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa, a garden and a restaurant.
- Westwood Grande: A residential project that offers 144 units, ranging from one-bedroom apartments. It features elegant designs, high-quality finishes, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a lounge.
- Neva Residences: A residential project that offers 128 units, ranging from one-bedroom to two-bedroom apartments. It features stylish designs, high-quality finishes, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a garden.
- North 43: A residential project that offers 110 units, ranging from studio to three-bedroom apartments. It features innovative designs, high-quality finishes, smart features, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a lounge.
Which Transportation And Parking Spaces Are There In Jumeirah Village Circle?
Jumeirah Village Circle has various modes of transportation and parking spaces that make it easy and convenient to move around the area and the city. Some of them are:
- Dubai Metro: The Dubai Metro is a rapid transit system that connects JVC to other parts of the city. The Red Line has two stations near JVC, namely Mall of the Emirates Station and First Abu Dhabi Bank Station.
- Dubai Bus: The Dubai Bus is a public bus service that covers various routes in JVC and beyond. The bus has stops at major landmarks and attractions in JVC, such as The Circle Mall, Pantheon Elysee, Binghatti Onyx and Westwood Grande.
- Dubai Taxi: The Dubai Taxi is a metered taxi service that is available 24/7 in JVC and other areas. The taxi can be hailed on the street, booked by phone or app, or found at designated taxi stands.
- Parking spaces: There are plenty of parking spaces available in JVC, both on-street and off-street. On-street parking is managed by the RTA (Roads and Transport Authority) and requires payment by coins, nol card, SMS or app. Off-street parking is available at various buildings, malls and hotels in JVC and may require payment by cash or card.
Which Amenities, Schools And Healthcare Are There In Jumeirah Village Circle?
JVC has many amenities, schools and healthcare facilities that cater to the needs and preferences of different segments of the population, such as:
- Amenities: JVC has many amenities that enhance the quality of life of its residents and visitors. Some of them are The Circle Mall, a retail and leisure destination that will feature over 200 shops, restaurants, cafes and entertainment options; JVC Park, a green space that offers views of the landscaped gardens and water features; and JVC Sports Park, a sports facility that offers various activities, such as football, cricket, tennis and basketball.
- Schools: JVC has several schools that cater to the educational needs of its community. Some of them are Sunmarke School, a British curriculum school that offers classes from FS1 to Year 13; JSS International School, an Indian curriculum school that offers classes from KG1 to Grade 12; Nord Anglia International School Dubai, a British curriculum school that offers classes from FS1 to Year 13; and Global Indian International School Dubai, an Indian curriculum school that offers classes from KG1 to Grade 12.
- Healthcare: JVC has several healthcare facilities that provide medical services to its community. Some of them are Karama Medical Centre, a multi-specialty clinic that offers outpatient care; Medicentres Jumeirah Village Triangle, a multi-specialty clinic that offers outpatient care; Aster Clinic Jumeirah Village Circle, a multi-specialty clinic that offers outpatient care; and Aster Pharmacy, a pharmacy that offers prescription drugs and health products.
Which Outdoor Activities, Fitness And Beauty Are There In Jumeirah Village Circle?
JVC has many outdoor activities, fitness and beauty options that offer fun and excitement to its residents and visitors. Some of them are:
- Outdoor activities: JVC has many outdoor activities that offer entertainment and culture to its residents and visitors. Some of them are The Circle Mall IMAX Cinema, a cinema that will offer immersive movie experiences; The Circle Mall Fun City, a fun city that will offer various games and rides for children; The Circle Mall Skate Park, a skate park that will offer skating sessions and lessons for all ages; and The Circle Mall Water Park, a water park that will offer water slides and pools for all ages.
- Fitness: JVC has many fitness options that offer health and wellness to its residents and visitors. Some of them are Fitness First Platinum Club, a gym that offers state-of-the-art equipment, personal training and group classes; F45 Training Jumeirah Village Circle, a fitness studio that offers high-intensity workouts with functional movements; Yoga House The Circle Mall, a yoga studio that will offer various styles and levels of yoga; and Fit Republik Jumeirah Village Triangle, a fitness center that offers various activities, such as swimming, martial arts, gymnastics and dance.
- Beauty: JVC has many beauty options that offer pampering and grooming to its residents and visitors. Some of them are Sisters Beauty Lounge The Circle Mall, a salon that will offer hair, nail, skin and body services; Tips & Toes Pantheon Elysee, a salon that offers nail, hair, skin and spa services; The Spa at FIVE Jumeirah Village Dubai, a spa that offers massages, facials, body treatments and hammam rituals; and NStyle Beauty Lounge City Centre Me’aisem, a salon that offers nail, hair, skin and lash services.
Which Leisure Activities And Notable Landmarks Are There In Jumeirah Village Circle?
JVC has many leisure activities and notable landmarks that showcase the architectural and artistic excellence of the city. Some of them are:
- Leisure activities: JVC has many leisure activities that offer entertainment and culture to its residents and visitors. Some of them are The Circle Mall IMAX Cinema, a cinema that will offer immersive movie experiences; The Circle Mall Fun City, a fun city that will offer various games and rides for children; The Circle Mall Skate Park, a skate park that will offer skating sessions and lessons for all ages; and The Circle Mall Water Park, a water park that will offer water slides and pools for all ages.
- Notable landmarks: JVC has many notable landmarks that showcase the architectural and artistic excellence of the city. Some of them are FIVE Jumeirah Village Dubai, a stunning hotel that features a rotating design and a pool in every room; Pantheon Elysee, a residential project that features a neoclassical design and a pool on the rooftop; Binghatti Onyx, a residential project that features a contemporary design and a pool on the podium; Westwood Grande, a residential project that features an elegant design and a pool on the ground floor; and North 43, a residential project that features an innovative design and a pool on the balcony.
Which Restaurants Are Located In Jumeirah Village Circle?
JVC has a plethora of restaurants that offer a variety of cuisines and dining experiences to its residents and visitors. Some of them are:
- 800 Pizza: A pizza restaurant that offers authentic Italian pizzas, pastas, salads and desserts.
- Wokyo Noodle Bar: A noodle restaurant that offers Asian noodles, soups, salads and dim sums.
- Socialicious: A fusion restaurant that offers Asian, European and Middle Eastern dishes, such as sushi, burgers, kebabs and curries.
- Pinza: A pizza restaurant that offers healthy and delicious pizzas, salads, soups and desserts.
- Chawlas2: An Indian restaurant that offers North Indian dishes, such as tandoori, biryani, curry and chaat.
Which Supermarkets Are Located In Jumeirah Village Circle?
JVC has several supermarkets that offer grocery shopping and delivery services to its residents and visitors. Some of them are:
- Spinneys: A supermarket that offers a wide range of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Carrefour: A supermarket that offers a selection of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Choithrams: A supermarket that offers a variety of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- West Zone Fresh: A supermarket that offers a range of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
- Al Maya: A supermarket that offers a selection of products, such as fresh produce, bakery, dairy, meat, seafood, frozen food, beverages, snacks, health and beauty, household and more.
Which Beaches Are Located Near Jumeirah Village Circle?
JVC is close to some of the best beaches in Dubai that offer sun, sand and sea to its residents and visitors. Some of them are:
- Jumeirah Beach: A public beach located along Jumeirah Beach Road that offers a long stretch of white sand, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports.
- Kite Beach: A public beach located along Jumeirah Beach Road that offers a wide stretch of white sand, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It is also popular for kite surfing and other activities.
- La Mer: A beachfront destination located along Jumeirah Beach Road that offers a sandy beach, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It also features shops, restaurants, cafes and entertainment options.
- JBR Beach: A public beach located along The Walk at Jumeirah Beach Residence that offers a sandy beach, clear water, lifeguards, showers, changing rooms, sunbeds, umbrellas and water sports. It also features shops, restaurants, cafes and entertainment options.
Which Malls Are Located Near Jumeirah Village Circle?
JVC is close to some of the best malls in Dubai that offer shopping, dining and entertainment to its residents and visitors. Some of them are:
- The Circle Mall: A mall located in JVC that will feature over 200 stores, a cinema, a fun city and more.
- Mall of the Emirates: A mall located on Sheikh Zayed Road that features over 600 stores, a cinema, an aquarium, a ski park and more.
- Dubai Marina Mall: A mall located in Dubai Marina that features over 140 stores, a cinema and more.
- Ibn Battuta Mall: A mall located on Sheikh Zayed Road that features over 270 stores, a cinema and more.
- City Centre Me’aisem: A mall located in IMPZ that features over 50 stores, a cinema and more.
Which Churches, Temples And Mosques Are Located Near Jumeirah Village Circle?
JVC is close to some of the places of worship in Dubai that cater to the religious and spiritual needs of its residents and visitors. Some of them are:
- St. Mary’s Catholic Church: A Catholic church located in Oud Metha that offers masses, prayers, sacraments and community services.
- Gurunanak Darbar Sikh Temple: A Sikh temple located in Jebel Ali that offers prayers, langar, kirtan and community services.
- Shiva Temple: A Hindu temple located in Bur Dubai that offers prayers, rituals, festivals and community services.
- Masjid Al Farooq Omar Bin Al Khattab: A mosque located in Umm Suqeim that offers prayers, lectures, classes and community services.
- The Blue Mosque: A mosque located in Al Safa that offers prayers, lectures, classes and community services.
How Is The Rental Market In Jumeirah Village Circle?
The rental market in JVC is one of the most popular and affordable markets in Dubai. It offers a range of properties for rent, such as apartments, townhouses and villas, that cater to different segments of the population. According to Bayut & dubizzle’s rental report for Dubai H1 2022, JVC is one of the popular areas for renting affordable apartments.
Rental Trends Of Jumeirah Village Circle
The table below shows the rental trends for different types of properties in JVC:
Type | Average Annual Rent (AED) |
---|---|
Studio | 35,000 |
1-Bedroom | 50,000 |
2-Bedroom | 75,000 |
3-Bedroom | 110,000 |
4-Bedroom | 150,000 |
Townhouse | 120,000 |
Villa | 180,000 |
How Is The House Sale Market In Jumeirah Village Circle?
The house sale market in JVC is one of the most dynamic and affordable markets in Dubai. It offers a range of properties for sale, such as apartments, townhouses and villas, that cater to different segments of the population. According to Bayut & dubizzle’s sales report for Dubai H1 2022, JVC is one of the popular areas for buying affordable apartments.
House Sale Trends Of Jumeirah Village Circle
The table below shows the house sale trends for different types of properties in JVC:
Type | Average Price (AED) |
---|---|
Studio | 600,000 |
1-Bedroom | 850,000 |
2-Bedroom | 1,200,000 |
3-Bedroom | 1,800,000 |
4-Bedroom | 3,000,000 |
Townhouse | 2,500,000 |
Villa | 4,000,000 |
Frequently Asked Questions About Jumeirah Village Circle
Below are answers to some of the most frequently asked questions about offplan investments in Jumeirah Village Circle:
How Expensive Is Real Estate Investing In JVC?
Real estate investing in JVC is not very expensive compared to other areas in Dubai, as it offers affordable prices for off-plan and ready properties. According to Bayut & dubizzle’s sales report for Dubai H1 2022, the average price per square foot for apartments in JVC was AED 800, which was lower than the Dubai average of AED 1,400.
How Popular Is Real Estate Investing In JVC?
Real estate investing in JVC is very popular among local and foreign investors who want to benefit from the high demand, high returns, high appreciation and high occupancy of the area. JVC offers a range of properties, such as apartments, townhouses and villas, that suit different budgets and preferences. JVC also offers a peaceful and green lifestyle, a prime location and a diverse community that attract many buyers and renters.
What Are The Latest Off-Plan Property Launches In Jumeirah Village Circle?
Some of the latest off-plan property launches in JVC are:
1. Luma 22 East Tower: A residential project that will offer 54 units, ranging from one-bedroom to two-bedroom apartments. It will feature modern designs, high-quality finishes, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a garden.
2. Luma 22 West Tower: A residential project that will offer 48 units, ranging from one-bedroom to two-bedroom apartments. It will feature modern designs, high-quality finishes, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a garden.
3. Binghatti Corner: A residential project that will offer 60 units, ranging from one-bedroom to two-bedroom apartments. It will feature contemporary designs, high-quality finishes, smart features, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a garden.
4. Binghatti Crest: A residential project that will offer 60 units, ranging from studio to three-bedroom apartments. It will feature contemporary designs, high-quality finishes, smart features, spacious layouts, stunning views and attractive amenities, such as a pool, a gym, a spa and a garden.
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