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Content Source by www.bayut.com
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.
IN A NUTSHELL
- A freehold community in Dubai
- Features a mix of apartments, villas and townhouses
- Home to JSS International School
- Features over 30 landscaped parks
- A growing investment hub in Dubai
- Close to Dubai Marina, Internet City, Media City and JLT
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.
According to Bayut’s H1 2023 Dubai Rental Market Report, Jumeirah Village Circle Dubai tops the list of popular areas offering affordable apartment rentals in the city.
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.
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.