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Nelson ParkAny foreigner can buy an apartment in Jumeirah Village Circle (JVC) with full rights of private ownership. This is possible because the area is situated within a free-hold zone.
To profitably buy a flat in Jumeirah Village Circle (JVC), it’s crucial to find a suitable option with excellent value for money. The website Global Properties enables buyers to get acquainted with current market offers and select the most interesting objects for further viewing and purchase.
With the assistance of advanced searches, you can set the necessary parameters of the residence and swiftly find the options that suit you.
Another advantage of our portal is that apartment prices in Jumeirah Village Circle (JVC) can be viewed in multiple currencies. This facilitates buyers from different countries in quickly determining the price without wasting time looking for a converter.
In the area, there are both budget-friendly and more expensive options for apartments and studios. A small 39.33 square metres studio can be purchased for a minimum of USD 130,500
On the other end, the highest price of USD 2,45 million is for a premium 73.4 square metre apartment with 1 bedroom.
The maximum and minimum prices for apartments and flats in Jumeirah Village Circle (JVC), on the website Global Properties, are as follows:
| Bedrooms | Minimum Price | Maximum Price |
|---|---|---|
| Studio | USD 130,500 | USD 353,700 |
| 1-bedroom | USD 149,800 | USD 2,450,700 |
| 2-bedroom | USD 178,000 | USD 977,500 |
| 3-bedroom | USD 235,000 | USD 1,089,000 |
| 4-bedroom | USD 637,500 | USD 1,838,000 |
The cost of apartments in Jumeirah Village Circle (JVC) increases annually. Last year, finished apartments increased in price by 5%, while residences under construction increased in price by 19%.
The smallest studio for sale in the neighbourhood has an area of 20 square metres.
Among the offers, you can find spacious premium apartments, such as a two-level duplex with an area of 552 square metres.
Buyers of studios, apartments and villas in Dubai can apply for a local residence permit or resident visa for 25 years. This document can be issued to foreigners who purchase real estate in the Emirate for a total amount of USD 205,000 and above. This can be achieved through the purchase of a single property or multiple properties. Mortgage use is allowed.
Apartments for sale in Jumeirah Village Circle (JVC)
The affordable cost of flats for sale in Jumeirah Village Circle (JVC) makes it a popular destination for purchasing budget property in Dubai. Due to the high demand for apartments, the community is actively developing. For instance, 11,450 residential units were launched here in 2023, the highest in Dubai.
Ready-to-move-in studios and apartments situated in multi-family residential complexes (MRC) are available for sale. Typically, these are mid-rise and high-rise buildings featuring spacious lobbies with a lounge area and concierge services. On the territory of the residential complexes, there’s usually a parking lot, a terrace with an outdoor pool, a children's play area, public spaces for recreation, a gym and other amenities.
Hotel apartments are also available for sale, typically comprising small studios as part of the hotel. Such real estate is purchased as an investment object for subsequent rental purposes.
A separate category of housing consists of objects under construction. Presently, several new residential buildings are in the development stage. These buildings will feature modern architecture, stylish interior decoration crafted with high-quality materials and a variety of amenities for residents. The main advantage of purchasing such properties is the opportunity to acquire brand-new apartments at a favourable price directly from the developer. The under-construction housing is actively growing in price, and by the time of completion of construction, its price typically increases by up to 20% from the initial value. Additionally, developers offer buyers convenient payment options in instalments. Under this scheme, no interest is charged, unlike with a mortgage. The buyer gradually contributes money over several years while the building is under construction. The final payment is made once the new residential complex is operational.
Developers in Dubai usually clearly comply with the stated deadlines for the delivery of objects and strictly follow the master plan of construction. Therefore, because of the tangible financial benefits, most investors prefer to buy housing under construction.
Reasons for investing in an apartment in Jumeirah Village Circle (JVC)
Every year, the neighbourhood experiences an increase in home purchase and rental prices. Over the past year, apartment rents have increased by 20%. Simultaneously, the average return on real estate in the community is 6% annually. This makes purchasing apartments in Jumeirah Village Circle (JVC) for investment a promising asset for both locals and foreigners.
Due to the low prices, the area is popular among investors with limited funds, as well as among those seeking to save their money by investing in an apartment in Jumeirah Village Circle (JVC), UAE.
Important advantages of the community that make it attractive for real estate purchase include:
- Quality infrastructure: The area features a modern shopping centre, school, kindergarten, supermarkets, cafés and restaurants;
- Good transport accessibility: The city centre and the famous white-sand beaches of the Persian Gulf are about 1520 minutes drive from the residential community;
- City buses operate in the area and there are plans to build a metro station in the future;
- Almost every neighbourhood has a park area with a variety of playgrounds, jogging paths, sports facilities and recreational areas, making the community popular among couples with children and those who appreciate spending time in nature.
Buying apartments in Jumeirah Village Circle (JVC)
The catalogue of the Global Properties website offers a large assortment of apartments in Dubai located in different neighbourhoods of the JVC area. In each listing you can see not only detailed information about the property but also its exact location on the map. This will help you choose the right apartment for sale in Jumeirah Village Circle (JVC), for example, near a prestigious international school, shopping centre, bus stop, park, etc.
Advanced search options enable you to select properties in a certain price range, with the right number of bedrooms or a certain area. This format of the service helps to avoid wasting time on viewing options that are not suitable for you. If you have any questions during the search process, you can always consult with our operator.