JVC - Jumeirah Village Circle

ABOUT JUMEIRAH VILLAGE CIRCLE (JVC):

Jumeirah Village Circle (JVC) is one of the family-friendly master communities by Dubai’s leading real estate developer, Nakheel. Located at the heart of new Dubai amidst landscaped gardens, it boasts a range of properties and amenities, making it ideal for renters and buyers.

The community has maintained its position as the preferred option to rent or buy affordable apartments and villas in Dubai. The area attracts families and individual buyers with a range of studios to 5-bedroom reasonably-priced units. Most importantly, JVC ranks second on Bayut’s Dubai Sales Market Report for H1 2023 list of top neighbourhoods in the city.

COMMUNITY OVERVIEW:

Apartments and villas in Jumeirah Village Circle Dubai offer the city’s large population an unusual combination of urban living options in a village setting. Those living in JVC love the calm ambience of the area, surrounded by lush gardens and canals, evoking a much-needed sense of serenity in a bustling metropolis like Dubai. One reason people choose to live in JVC is its family-oriented lifestyle.

Jumeirah Village Circle attracts families, young couples and singles. Expat families appear to be particularly fond of the abundance of schools, parks, fitness centres, as well as clinics, hospitals and pharmacies in JVC. The area is also popular amongst real estate investors due to its lucrative pricing and high rental yields. Now it’s easy to see why investors and renters are interested in this community. Furthermore, its proximity to Dubai Marina and JLT and the lack of traffic make commuting to the city fuss-free.

PROPERTIES IN JVC DUBAI:

Jumeirah Village Circle Dubai is home to over 2,000 residential units. The development has a village-like setting with parks and canals surrounding apartments, villas and townhouses. Most residential apartments in JVC come with shared amenities, including a gym, swimming pool and launderette. Since the area has exciting upcoming developments, there are many brand-new apartments for rent in JVC.

Renting properties in Jumeirah Village Circle area would be feasible for anyone looking for reasonably priced accommodation in a prime location with modern lifestyle amenities and key areas of Dubai in proximity.

Similarly, those looking to invest and buy properties in JVC can expect lucrative returns, as shown below in the ROI section. Jumeirah Village Circle also ranks among the best villa communities in Dubai, offering a range of independent properties for rent and sale.

RENTAL TRENDS IN JUMEIRAH VILLAGE CIRCLE (JVC):

Jumeirah Village Circle Dubai is one of the top choices if you’re looking for apartments or villas on a budget. Considering its prime location near major thoroughfares in the city with most amenities at a hand’s length, the area has a fairly reasonable price tag. Among its many sub-communities, District 13 and District 14 are home to many popular projects for renting apartments in JVC.

Speaking of the affordability of Jumeirah Village Circle rents, one can rent a studio apartment in JVC for AED 36k per annum. Ghalia Constella is one of the top buildings to rent studios in JVC, offering studios for AED 37k per annum. Those searching for a more reasonable option can check out small studio apartments in Kensington Manor that cost about AED 30k.

Furthermore, 1-bedroom rental flats in JVC cost around AED 51k, while those looking for a more spacious unit can rent 2-bedroom flats in JVC for AED 72k, on average.

There is also a wide choice of 3-bedroom flats for rent in JVC priced between AED 100k and AED 260k per annum. The more luxurious 3-bed units spanning over 2,000 sq. ft. are mainly found in Astoria Residence.

If you prefer top-floor residences with a view, JVC offers an exclusive selection of 2 to 4-bed penthouses for rent starting from AED 140k.

Villas and townhouses in Jumeirah Village Circle area are also offered at an affordable starting rent of AED 95k, making them ideal for families looking for a little more privacy and space. There is a choice of 2 to 5-bedroom villas for rent in JVC. A standard 3-bedroom house on rent in JVC can be leased for AED 122k per annum. Whereas 4-bedroom rental villas in JVC are available for AED 140k to AED 500k.

Spanning 1,937 sq. ft., the smallest 1-bed townhouse for rent in Jumeirah Village Circle is offered at an asking price of AED 100k per annum at the minimum. Whereas renting 2-bed houses in JVC costs around AED 120k.

SALES TRENDS IN JUMEIRAH VILLAGE CIRCLE:

You can also invest in a property in JVC without spending a huge fortune, making it one of the most attractive areas for expats to buy property in Dubai. Many off-plan projects are another reason for the high investor interest in the locality. Notable high-profile off-plan projects in JVC include Catch Residences, Levanto by Oro24 and Binghatti Crest by Binghatti Developers. These properties in JVC have further reinforced the region’s longevity as a sound investment option.

The asking sales price for studios in JVC averages at AED 454k. 1-bedroom flats for sale in JVC are priced at 729k, and 2-bedroom apartments start from AED 1M. If you are interested in buying 3-bed flats in JVC, it will cost you around AED 1.4M. Those interested in JVC penthouses for sale can expect to shell out around AED 1.1M to AED 7.1M.

Buying townhouses and villas in JVC is affordable for those with annual incomes falling under mid-high ranges. The average prices start from AED 1.2M and go up to AED 3.2M. A standard 2-bedroom villa for sale costs around AED 1.9M, spanning over 2,000 sq. ft. A 3-bedroom villa for sale in JVC will cost around AED 2M. The starting price of 4-bed villas for sale in JVC is AED 1.5M while 5-bed villas for sale in JVC can cost around AED 2.3M to AED 5.5M.

UPCOMING PROJECTS IN JVC:

Because of the ongoing construction in District 10 to District 15, there are many off-plan investment opportunities in Jumeirah Village Circle. As one of the most popular freehold areas in Dubai, JVC offers off-plan apartments, villas, townhouses and plots at comparatively affordable prices.

Expected to be completed in 2023, Binghatti Crest and Binghatti Corner are two off-plan projects by Binghatti Developers about a 9-minute drive apart. Those interested in a fairly reasonable property on offer can buy apartments in Binghatti Corner starting from AED 550k. Whereas more spacious units like 3-bed flats are available in Binghatti Crest with asking prices starting from AED 1M.

Located in District 14 JVC, Hamilton House is a project by Ellington Properties featuring over 100 units, including studios, 1 and 2-bed apartments. Likewise, properties for sale in Catch Residences are estimated to be handed over in 2024. Samana Miami and Maimoon Gardens are other off-plan projects in JVC.

JVC also has residential plots ranging from AED 10M to AED 31M. As for those interested in off-plan villas, Royal Park South Villas in District 11 has a range of 4-bedroom units. Those looking to buy townhomes can consider off-plan projects like Monte Carlo Residences and Artistic Heights.

Moreover, Binghatti House and Binghatti Gardenia by Binghatti Developers, Vita Grande by Meteora Developers and La Residenza by Dalands are some of the newly launched off-plan projects in JVC expected to be completed in 2024.