Off-plan Properties Jumeirah Village Triangle

Last Updated on August 1, 2023 by Bram Vermolen

Off-plan property investment is a type of real estate investment where the buyer purchases a property before it is completed or even before the construction begins. Off-plan properties are usually offered by developers at lower prices than the market value, with attractive payment plans and incentives.

Off-plan properties can be a lucrative option for investors who want to benefit from capital appreciation, rental income, or resale profits. In this article, we will explore the off-plan property market in Jumeirah Village Triangle (JVT), one of the most sought-after residential communities in Dubai.

About Jumeirah Village Triangle

Jumeirah Village Triangle is a master-planned development by Nakheel Properties, located along Sheikh Mohammed Bin Zayed Road, between Al Khail Road and Emirates Road. JVT covers an area of 811 hectares and consists of more than 2,000 villas and townhouses, as well as several apartment buildings. JVT is designed to offer a village-like lifestyle, with lush greenery, parks, lakes, and cycling paths. JVT also has a range of amenities, such as schools, mosques, supermarkets, restaurants, and clinics. JVT is close to major landmarks and attractions in Dubai, such as Dubai Marina, Jumeirah Beach Residence, Mall of the Emirates, Dubai Expo 2020 site, and Al Maktoum International Airport.

How Is The Dubai Jumeirah Village Triangle Real Estate Market?

The Dubai Jumeirah Village Triangle real estate market is one of the most popular and affordable markets in the city. According to Bayut, the average price of villas in JVT in 2021 was AED 2.4M, while the average price of apartments was AED 650k. The average rental price of villas in JVT was AED 115k per year, while the average rental price of apartments was AED 40k per year. The demand for properties in JVT has increased over the years, due to its strategic location, family-friendly environment, and attractive prices. JVT also offers a high return on investment (ROI) for both landlords and tenants, as well as capital appreciation potential for buyers.

How Is The Off-Plan Property Market In Jumeirah Village Triangle?

The off-plan property market in Jumeirah Village Triangle is one of the most active and diverse markets in Dubai. There are several off-plan projects in JVT that cater to different budgets, preferences, and lifestyles. Some of the most notable off-plan projects in JVT are:

• The Altai Tower: A 20-storey residential tower that offers studio, one-, two-, and three-bedroom apartments with modern designs and amenities. The project is expected to be completed by Q1 2026 and has a starting price of AED 762k.
• Fashionz Apartments: A 12-storey residential tower that features studio, one-, two-, and three-bedroom apartments with stylish interiors and branded fittings. The project is inspired by FashionTV and is expected to be completed by Q4 2026. The starting price of the project is AED 850k.
• The Community Apartments: A low-rise residential complex that comprises four buildings with studio, one-, two-, and three-bedroom apartments with spacious layouts and balconies. The project is ready to move in and has a starting price of AED 484k.
• Cloud Tower: A 17-storey residential tower that offers one-, two-, and three-bedroom apartments with panoramic views of the skyline and the community. The project is expected to be completed by Q1 2025 and has a starting price of AED 704k.
• Ellington Belmont Residences: A luxury residential project that offers one- and two-bedroom apartments with premium finishes and smart home features. The project is expected to be completed by Q4 2024 and has a starting price of AED 1.8M.

What Are The Benefits Of Off-Plan Property In Jumeirah Village Triangle?

Some of the benefits of off-plan property in Jumeirah Village Triangle are:

• Affordable prices: Off-plan properties are usually priced lower than the market value, as developers offer discounts and incentives to attract buyers.
• Flexible payment plans: Off-plan properties have easy and convenient payment plans that allow buyers to pay in installments over a period of time.
• High ROI: Off-plan properties have a high potential for capital appreciation, as the value of the property increases as the construction progresses and the market demand rises.
• Customization options: Off-plan properties give buyers the opportunity to choose their preferred unit, floor, view, layout, and design.
• New and modern: Off-plan properties are built with the latest standards and technologies, ensuring quality and durability.

What Are The Disadvantages Of Off-Plan Properties In Jumeirah Village Triangle?

Some of the disadvantages of off-plan properties in Jumeirah Village Triangle are:

• Delayed delivery: Off-plan properties are subject to construction delays, which may affect the completion date and the handover of the property.
• Uncertainty: Off-plan properties are based on plans and renderings, which may differ from the actual product. There is also a risk of market fluctuations, legal issues, or developer defaults.
• Lack of income: Off-plan properties do not generate any rental income until they are completed and handed over to the buyer.
• Hidden costs: Off-plan properties may have additional costs, such as registration fees, service charges, maintenance fees, or VAT.
• Limited resale options: Off-plan properties have limited resale options, as buyers may have to pay a transfer fee or penalty to sell their property before completion.

What Is The ROI On Off-Plan Properties In Jumeirah Village Triangle?

The ROI on off-plan properties in Jumeirah Village Triangle depends on various factors, such as the location, quality, price, demand, and supply of the property. According to fam Properties, some of the off-plan projects in JVT that have a high ROI are:

Project Name	Average Price (AED)	Average Rental Yield (%)
The Altai Tower	1.1M	8.2
Fashionz Apartments	1.4M	7.9
The Community Apartments	800k	7.5
Cloud Tower	1.2M	7.4
Ellington Belmont Residences	2M	6.8

Why Is Jumeirah Village Triangle Off-Plan Property Interesting For Real Estate Developers?

Jumeirah Village Triangle off-plan property is interesting for real estate developers because:

• It is a prime location that attracts both end-users and investors who are looking for affordable and quality living options in Dubai.
• It is a well-established community that has a high demand and occupancy rate for both villas and apartments.
• It is a profitable market that offers high returns on investment and capital appreciation potential for developers.
• It is a competitive market that encourages innovation and creativity among developers who want to offer unique and attractive projects to buyers.
• It is a growing market that has room for expansion and development, as there are still many plots available for new projects in JVT.

Why Is Jumeirah Village Triangle Off-Plan Property Interesting For Real Estate Investors?

Jumeirah Village Triangle off-plan property is interesting for real estate investors because:

• It is a low-risk and high-reward investment option that offers lower prices, flexible payment plans, and high ROI for investors.
• It is a long-term investment option that offers capital appreciation potential, as the value of the property increases over time as the construction progresses and the market demand rises.
• It is a passive income source that generates rental income once the property is completed and handed over to the investor.
• It is a diversified investment option that offers different types of properties, such as villas, townhouses, and apartments, with different sizes, designs, and amenities.
• It is a strategic investment option that benefits from the location, infrastructure, and amenities of JVT, as well as its proximity to major landmarks and attractions in Dubai.

Why Is Jumeirah Village Triangle Off-Plan Property Interesting For Off-Plan Buyers?

Jumeirah Village Triangle off-plan property is interesting for off-plan buyers because:

• It is a dream home option that offers spacious and comfortable living spaces, with a choice of villas, townhouses, and apartments.
• It is a lifestyle option that offers a village-like environment, with lush greenery, parks, lakes, and cycling paths.
• It is a convenience option that offers a range of amenities and facilities, such as schools, mosques, supermarkets, restaurants, and clinics.
• It is a location option that offers easy access to major roads and highways, as well as proximity to major landmarks and attractions in Dubai.
• It is a value option that offers lower prices, flexible payment plans, and high ROI for buyers.

What To Consider When Buying Off-Plan Properties in Dubai Jumeirah Village Triangle?

Buying off-plan properties in Dubai Jumeirah Village Triangle can be a rewarding experience, but it also requires careful consideration and due diligence. Some of the factors to consider when buying off-plan properties in JVT are:

1. Developer reputation

It is important to research the developer’s background, track record, portfolio, and credibility before buying an off-plan property. Buyers should check the developer’s license, registration, escrow account, and completion guarantee. Buyers should also look for reviews and feedback from previous customers and visit the developer’s completed projects to assess the quality and standards.

2. Project location

It is essential to choose an off-plan property that is located in a prime and strategic location that suits the buyer’s needs and preferences. Buyers should consider the accessibility, connectivity, infrastructure, amenities, facilities, and views of the project location. Buyers should also check the master plan and development status of the surrounding area to avoid any future issues or disputes.

3. Payment plans

It is advisable to compare different payment plans offered by different developers and choose the one that is most affordable and convenient for the buyer. Buyers should look for payment plans that have low down payments, long tenures, low interest rates, and flexible terms and conditions. Buyers should also check for any hidden fees or charges that may apply.

4. Payment structure options

It is beneficial to explore different payment structure options that may suit the buyer’s financial situation and goals. Buyers can opt for post-handover payment plans that allow them to pay a portion of the price after receiving the property. Buyers can also opt for rent-to-own schemes that allow them to rent the property until they own it. Buyers can also opt for mortgage loans that allow them to finance the property through a bank or a lender.

5. Due Dilligence

It is crucial to conduct due diligence before buying an off-plan property to avoid any risks or pitfalls. Buyers should verify the legal documents, contracts, agreements, warranties, and guarantees of the property. Buyers should also inspect the construction progress, quality, specifications, and features of the property. Buyers should also consult with a professional lawyer or agent who can guide them through the process and protect their rights and interests.

6. Property Tax

It is important to be aware of the property tax implications of buying an off-plan property in Dubai. Buyers should know that they have to pay a 4% registration fee to the Dubai Land Department (DLD) upon purchasing an off-plan property. Buyers should also know that they have to pay a 5% value-added tax (VAT) on the purchase price of the property if it is a commercial property or if it is a residential property that is not their first home in Dubai. Buyers should also know that they have to pay an annual service charge to the developer or the community management for the maintenance and upkeep of the property.

Community Overview Of Jumeirah Village Triangle

What Are The Most Popular Buildings In Jumeirah Village Triangle?

The most popular buildings in Jumeirah Village Triangle are:

• The Altai Tower: A 20-storey residential tower that offers studio, one-, two-, and three-bedroom apartments with modern designs and amenities.
• Fashionz Apartments: A 12-storey residential tower that features studio, one-, two-, and three-bedroom apartments with stylish interiors and branded fittings.
• The Community Apartments: A low-rise residential complex that comprises four buildings with studio, one-, two-, and three-bedroom apartments with spacious layouts and balconies.
• Cloud Tower: A 17-storey residential tower that offers one-, two-, and three-bedroom apartments with panoramic views of the skyline and the community.
• Ellington Belmont Residences: A luxury residential project that offers one- and two-bedroom apartments with premium finishes and smart home features.

Which Transportation And Parking Spaces Are There In Jumeirah Village Triangle?

Transportation and parking spaces in Jumeirah Village Triangle are:

• Public transportation: JVT is served by several bus routes, such as J02, F36, F38, and F39, that connect to the nearby metro stations, such as Mall of the Emirates, Dubai Internet City, and Nakheel Harbour and Tower. JVT also has a dedicated tram station that is expected to be operational by 2022.
• Private transportation: JVT is easily accessible by car, as it is located between Sheikh Mohammed Bin Zayed Road (E311) and Al Khail Road (E44), two of the major highways in the UAE. JVT also has several internal roads and exits that facilitate the traffic flow within the community.
• Parking spaces: JVT has ample parking spaces for residents and visitors, as most of the villas and townhouses have private garages, while most of the apartments have covered parking slots. JVT also has several public parking areas near the community centre, parks, and mosques.

Which Amenities, Schools And Healthcare Are There In Jumeirah Village Triangle?

Amenities, schools and healthcare in Jumeirah Village Triangle are:

• Amenities: JVT has a range of amenities and facilities for residents, such as schools, mosques, supermarkets, restaurants, and clinics. JVT also has a community centre that includes many retail outlets, eateries, and entertainment zones. JVT also has over 9 community parks, 5 tennis courts, and a few basketball courts for outdoor recreation.
• Schools: JVT has several reputed schools within the community, such as Arcadia School, Sunmarke School, Kids World Nursery, Ladybird Nursery, and Stepping Stones Nursery. JVT is also close to other schools in nearby areas, such as GEMS United School, GEMS World Academy, Nord Anglia International School, and Dubai British School.
• Healthcare: JVT has a few clinics and pharmacies within the community, such as Karama Medical Centre, Aster Clinic, Medicentres Polyclinic, Life Pharmacy, and Aster Pharmacy. JVT is also close to other hospitals and clinics in nearby areas, such as Saudi German Hospital, Mediclinic Parkview Hospital, NMC Royal Hospital, and Al Zahra Hospital.

Which Outdoor Activities, Fitness And Beauty Are There In Jumeirah Village Triangle?

Outdoor activities, fitness and beauty in Jumeirah Village Triangle are:

• Outdoor activities: JVT offers a variety of outdoor activities for residents and visitors, such as jogging, cycling, walking, picnicking, and playing in the parks and lakes. JVT also has several sports courts for tennis and basketball enthusiasts. JVT also hosts several events and festivals throughout the year, such as carnivals, markets, concerts, and workshops.
• Fitness: JVT has several fitness options for residents who want to stay fit and healthy. Some of the gyms and fitness centres in JVT are Fitness First Platinum Club (in The Community Apartments), Fit Republik (in The Altai Tower), Snap Fitness (in Fashionz Apartments), Fitness 360 (in Cloud Tower), and Ellington Fitness Centre (in Ellington Belmont Residences).
• Beauty: JVT has several beauty options for residents who want to pamper themselves. Some of the salons and spas in JVT are Tips & Toes (in The Community Apartments), The Nail Spa (in Fashionz Apartments), The Beauty Spot (in Cloud Tower), Ellington Spa (in Ellington Belmont Residences), and NStyle Beauty Lounge (in The Altai Tower).

Which Leisure Activities And Notable Landmarks Are There In Jumeirah Village Triangle?

Leisure activities and notable landmarks in Jumeirah Village Triangle are:

• Leisure activities: JVT offers a range of leisure activities for residents and visitors who want to have fun and entertainment. Some of the leisure options in JVT are Reel Cinemas (in The Community Apartments), FashionTV Lounge (in Fashionz Apartments), Cloud Lounge (in Cloud Tower), Ellington Lounge (in Ellington Belmont Residences), and The Altai Lounge (in The Altai Tower).
• Notable landmarks: JVT is close to some of the most iconic landmarks and attractions in Dubai, such as Dubai Marina, Jumeirah Beach Residence, Mall of the Emirates, Dubai Expo 2020 site, and Al Maktoum International Airport.

Which Restaurants Are Located In Jumeirah Village Triangle?

Some of the restaurants located in Jumeirah Village Triangle are:

• Loui’s Restaurant & Cafe: A Lebanese restaurant that serves authentic cuisine in a friendly and joyful environment. It is located in Jumeirah Park Pavilion Community Centre near Geant Easy Supermarket.
• Coucou Rooftop: A Mediterranean restaurant that offers a stunning view of the skyline and the community. It is located in The Altai Tower.
• Cucina Mia Restaurant: An Italian restaurant that serves fast food and pizza in a cozy and casual setting. It is located in Fashionz Apartments.
• Hadoota Masreya: An Egyptian restaurant that serves traditional dishes and desserts in a warm and welcoming atmosphere. It is located in Cloud Tower.
• My Speciality Coffee: A coffee shop that serves specialty coffee and tea, as well as Italian pastries and sandwiches. It is located in Ellington Belmont Residences.

Which Supermarkets Are Located In Jumeirah Village Triangle?

Some of the supermarkets located in Jumeirah Village Triangle are:

• Geant Easy Supermarket: A large supermarket that offers a wide range of groceries, fresh produce, household items, and more. It is located in Jumeirah Park Pavilion Community Centre.
• Spinneys Supermarket: A premium supermarket that offers quality products, organic food, bakery items, and more. It is located in The Community Apartments.
• Carrefour Market: A convenient supermarket that offers a variety of products, including food, beverages, health and beauty products, and more. It is located in Fashionz Apartments.
• West Zone Fresh Supermarket: A budget-friendly supermarket that offers a range of products, such as groceries, fruits and vegetables, meat and poultry, and more. It is located in Cloud Tower.
• Choithrams Supermarket: A popular supermarket that offers a selection of products, such as food, beverages, household items, and more. It is located in Ellington Belmont Residences.

Which Beaches Are Located Near Jumeirah Village Triangle?

Some of the beaches located near Jumeirah Village Triangle are:

• Jumeirah Beach: A public beach that offers a scenic view of the Arabian Gulf and the Burj Al Arab. It is also home to many attractions, such as Jumeirah Beach Park, Jumeirah Beach Hotel, Wild Wadi Water Park, and Madinat Jumeirah. It is about 20 minutes away from JVT by car.
• JBR Beach: A public beach that offers a lively atmosphere and a variety of activities, such as swimming, sunbathing, water sports, jogging, cycling, and more. It is also part of The Walk at JBR, a popular destination for shopping, dining, and entertainment. It is about 15 minutes away from JVT by car.
• Kite Beach: A public beach that offers a sporty vibe and a stunning view of the Burj Khalifa. It is also a hotspot for kite surfing, paddle boarding, kayaking, and other water sports. It is about 25 minutes away from JVT by car.
• La Mer Beach: A public beach that offers a trendy and chic ambiance and a range of facilities, such as showers, changing rooms, cabanas, sunbeds, and more. It is also part of La Mer Dubai, a waterfront destination that features restaurants, cafes, shops, cinemas

Which Malls Are Located Near Jumeirah Village Triangle?

Some of the malls located near Jumeirah Village Triangle are:

• Al Khail Avenue: A community mall that is expected to open in 2022, featuring over 350 retail outlets, a 14-screen cinema, a supermarket, a food court, and a fitness centre. It is located on Al Khail Road, about 10 minutes away from JVT by car.
• Mall of the Emirates: A mega mall that offers a range of shopping, dining, entertainment, and leisure options, such as Ski Dubai, Magic Planet, VOX Cinemas, and more. It is located on Sheikh Zayed Road, about 15 minutes away from JVT by car.
• City Centre Me’aisem: A community mall that offers a variety of shops, restaurants, cafes, and services, such as Carrefour, Centrepoint, Starbucks, and more. It is located in Dubai Production City, about 10 minutes away from JVT by car.
• The Circle Mall: A community mall that offers a mix of retail, dining, and entertainment options, such as Spinneys, Life Pharmacy, Fitness First, and more. It is located in Jumeirah Village Circle, about 10 minutes away from JVT by car.
• Ibn Battuta Mall: A themed mall that offers a unique shopping and cultural experience, inspired by the travels of the explorer Ibn Battuta. It features over 270 shops, 50 restaurants, a cinema, and a bowling alley. It is located on Sheikh Zayed Road, about 20 minutes away from JVT by car.

Which Churches, Temples And Mosques Are Located Near Jumeirah Village Triangle?

Some of the churches, temples and mosques located near Jumeirah Village Triangle are:

• JVT Mosque: A mosque that serves the Muslim residents and visitors of JVT. It is located within the community and offers daily prayers and Friday sermons.
• Christ Church Jebel Ali: A church that serves the Christian community of various denominations. It is located in Jebel Ali Village, about 13 minutes away from JVT by car.
• Gurunanak Darbar Sikh Temple: A temple that serves the Sikh community and welcomes people of all faiths. It is located in Jebel Ali Industrial Area 1, about 15 minutes away from JVT by car.
• Shiva Temple: A temple that serves the Hindu community and worships Lord Shiva. It is located in Bur Dubai, about 30 minutes away from JVT by car.
• Buddha Temple: A temple that serves the Buddhist community and follows the Theravada tradition. It is located in Al Quoz Industrial Area 4, about 20 minutes away from JVT by car.

How Is The Rental Market In Jumeirah Village Triangle?

The rental market in Jumeirah Village Triangle is one of the most affordable and popular markets in Dubai.

Rental Trends Of Jumeirah Village Triangle

According to Bayut, the average rental price of villas in JVT in 2021 was AED 115k per year, while the average rental price of apartments was AED 40k per year. The rental trends of JVT are as follows:

Property Type	Average Rental Price (AED/year)
Villas	115k
Apartments	40k

How Is The House Sale Market In Jumeirah Village Triangle?

The house sale market in Jumeirah Village Triangle is one of the most attractive and lucrative markets in Dubai.

House Sale Trends Of Jumeirah Village Triangle

According to Bayut, the average sale price of villas in JVT in 2021 was AED 2.4M, while the average sale price of apartments was AED 650k. The house sale trends of JVT are as follows:

Property Type	Average Sale Price (AED)
Villas	2.4M
Apartments	650k

Frequently Asked Questions About Jumeirah Village Triangle

Below are answers to some of the most frequently asked questions about offplan investments in Jumeirah Village Triangle: