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Dubai Property Market
- 38% YOY
Property sale volume
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- 56% YOY
Property sale value (AED)
0
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A thriving residential district
Nestled in the heart of Dubai, Jumeirah Village Circle (JVC) presents a compelling investment opportunity that has generated ROI for over 2 decades now. JVC’s rich history of growth is also combined with a data-backed promise of further potential growth in the future, making it a noteworthy choice for property investors seeking value and potential right now.
JVC’s was launched just after the Gold Rush in 2005. It was a visionary development project designed to create a harmonious community in Dubai for the first time. Over the years, it has evolved into a thriving residential district that continues to attract investors and residents alike, but its foundation as a masterfully planned community has contributed to its enduring appeal – and is still apparent to this day.
Jumeirah Village Circle's Property Market Performance
To gauge the property market performance in JVC, here are some recent statistics for completed 1-bedroom properties:
- Average Asking Sales Price in JVC (August 2023): AED 860,000
- Average Transaction Sales Price in JVC (August 2023): AED 730,000
- Average Asking Sales Price per sq ft (August 2023): AED 930
- Average Transaction Sales Price per sq ft (August 2023): AED 890
Average capital appreciation in Jumeirah village cirlce
JVC has demonstrated impressive capital appreciation rates over the past 12 months:
- JVC Overall: 24.3% capital appreciation
MASTERPLANNED BY NAKHEEL
Designed with a classical radial layout, JVC features a central hub from which roads extend outward like rays. This radial design enhances navigability and places vital amenities at the heart of the neighbourhood, creating a vibrant core while offering quieter surroundings as you move away from the centre. Nakheel, a renowned Arab developer, is the driving force behind the creation of significant swathes of the village circle. Nakheel has masterminded numerous developments, shaping the landscape and crafting Jumeirah Village Circle (JVC) into a haven of luxury real estate. Although that luxury has since been surpassed by other Dubai real estate projects, investors still find it provides a luxurious lifestyle – especially as asking prices here remain notably lower than in Dubai Marina and other upscale areas.
Indeed, Jumeirah Village Circle holds the title of the 3rd highest selling residential area across the emirate. In this ranking, JVC is only behind Dubai Marina and Downtown areas.
Choosing a Property Investment in Jumeirah Village Circle
As mentioned, unlike most of Dubai’s other favoured submarkets, JVC offers a very varied choice of asset. It comprises thousands of residential properties, including multi-family and private homes, at various stages of development. Moreover, there are plans for over 180 residential and commercial complexes and hotels currently in progress. According to the analytical portal, Lookup, nearly a quarter of Jumeirah Village’s land remains available for future development, hinting at exciting new projects on the horizon.
Investors in JVC can explore various property options, from studio apartments to spacious villas. Studio apartments between 450 sq.ft. and 560 sq.ft. tend to be the easiest to let and thus generate regular yields from. Additionally, off-plan opportunities are available, with approximately 1,000 new units set to be sold this year.
JVC RENTAL MARKET
Like with much of Dubai property investment, it is hard to separate the appeal of Dubai’s lifestyle from the ROI; the lifestyle drives the demand for property and tenancy.
As the name suggests, the lifestyle on offer in Downtown Dubai is dynamic and fast-paced. It’s the hub of the emirate’s entertainment and leisure activities, and home to many popular attractions and world-famous landmarks such as Dubai Mall, the Dancing Fountains, and the Burj Khalifa.
With so many tourist attractions Downtown is a busy location throughout the year.
Downtown is almost equidistant between Dubai International and the Palm, at the northeast end of Sheikh Zayed Road. This location affords close proximity to almost anywhere in Dubai.
Investing in JVC property
Jumeirah Village Circle (JVC) is a unique circular residential enclave, evident both in its name and on the map, and it is just as unique an investment opportunity.
Residential quarters in JVC comprise villas and townhouses, fostering a sense of private ownership and tranquility. Here, you won’t encounter prying eyes, tourists, or bustling promenades. Instead, you’ll find a well-developed recreational and entertainment infrastructure within this urban oasis – and a rich history of strong performance.
What is the community atmosphere like in JVC, and how does it cater to different lifestyles?
JVC fosters a sense of community with a diverse population, making it inclusive for families, professionals, and individuals. This is in part why occupancy rates are always high. The area’s tranquil environment, coupled with a variety of dining options and community events, creates a vibrant and welcoming atmosphere.
FIND YOUR DREAM LUXURY PROPERTY IN DUBAI – Where Dreams Meet Reality!
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Developers
DAMAC
SOBHA REALTY
BINGHATTI
AZIZI
DANUBE PROPERTIES
Contacts
- Sheikh Zayed Rd - near Emirates Tower Metro Station - Trade Centre - Trade Centre 1 - Dubai
- +971-567 424133
- info@libertylightllc.com
