Sky Hills 3 at Jumeirah Village Circle
1. An Overview of the Project
- It is an outstanding and unique opportunity in the market because of the 5-year post-handover payment plan offered by the developer. This post-handover payment plan is 40% of its property and can be fully covered from rental income, giving a 40% discount on the two-bedroom apartments, thereby allowing the purchase of them for the price of one and giving the perspective to double investment in 5 to 6 years.
- Additionally, the area of the project is extremely interesting for rental income. JVC, as of this moment, has a very strong infrastructure; therefore, the rental prices are very high.
- It is very close to Downtown Dubai, Dubai Marina, and all the key areas of Dubai. It has a 6 billion dirham investment expanding all the highways and even shortening the travel distance to those areas.
2. The Collection of World-Class Amenities
- Sky Hills 3 has a park right next door, and the residences have various walkways, kids' playgrounds, and lazy rivers. They also have a gym, a swimming pool, and an integrated tennis and basketball court.
- The developer of this marvel project, HRE Development L.L.C., has been known as a construction company on the market for 27 years and is responsible for more than 170 projects in Dubai and is specifically known for its quality.
- These residences, being on a very high floor with a podium level below, offer an outstanding view of Dubai’s skyline, therefore increasing their competitive advantage on the market and being a much better investment choice for the tenants.
3. Pricing and ROI Appreciations
The initial value for a two-bedroom apartment - 1.7 million dirhams
But due to the post-handover payment plan during the construction, including all the fees such as DLD and the admin fees, the value - 1.1 million dirhams
Because of this post-handover payment plan, at the end of 2031, the expected value - 2.2 million dirhams
ROI generated - 14% each year from the funds that have been paid
But if we increase the price appreciation from a mere 3% to around 5%, then in 7 years,
The ROI jumps up from 14% to 18% and,
The value of the property - 2.5 million dirhams
4. Why Choose Sky Hills 3?
An important feature of these residences is the competitive advantage offered. The balance between the payment plan during the construction and the post-handover payment plan is also more flexible in terms of investing funds. Additionally, the property is fully furnished, and JVC is known for its good and stable rental income. Moreover, Sky Hills 3 is the only available, superior, and best property in the market, therefore, its competitive advantage is at its peak.
Phantom by Binghatti Developers at Jumeirah Village Circle, the 44-storey tower offering luxurious apartments with modern amenities and an attractive payment plan is also a preferred choice by many buyers and investors. These residences also offer proximity to the prime areas of Dubai.