Why Invest In Jumeirah Village Circle ?
The housing market in Dubai is one of the most diversified in the nation, as anybody looking for homes in the UAE or who has lived here for a while knows.
The housing market in Dubai is one of the most diversified in the nation, as anybody looking for homes in the UAE or who has lived here for a while knows.
Moreover, Jumeirah Village Circle (JVC) is one of the neighbourhoods that purchasers and renters find to be continuously appealing. Understand why? We respond to this query, along with other critical facts, in our summary of the benefits and drawbacks of residing in JVC.
For investors, Jumeirah Village Circle, or JVC, offers excellent future possibilities. There are several ongoing and finished developments in this neighbourhood, which is one of Dubai's most rapidly expanding residential areas. Nakheel began construction on the freehold master property known as Jumeirah Village Circle in 2005. In the 870-hectare-sizedhectare-sized Jumeirah Village Circle, there are now 28 projects under construction. Six districts make up the town, and all of them (save for District 16) have a similar structure and set of plotting characteristics.
You have it now! The numerous benefits and drawbacks of residing in JVC. Investors interested in purchasing villas in JVC may also investigate the popular neighbourhoods. Investigate the numerous facets of living in the Jumeirah Village Triangle (JVT) if you wish to contrast neighbourhoods comparable to Jumeirah Village Circle.
Outdoor features
Features
Let's look at some of Jumeirah Village Circle (JVC)'s benefits for both individuals and their households first.
JVC provides people with a tranquil setting hidden from the bustle of the city. Additionally, conveniences like parks, supermarkets, malls, and neighbourhood centres increase accessibility. Families with children will love it since there are so many good schools nearby, like Sunmarke School and JSS International School.The Circle Mall is a great place to shop. It provides a large selection of goods from nationwide as well as worldwide manufacturers.
One of the best things about residing at JVC is how close you can walk to convenience stores, green spaces, eating establishments, health clubs, and pools for swimming.As JBR, Dubai Marina, and Motorcity are close by, you may also arrange a day trip with your loved ones.
This a wise decision for fans of physical activity and sports.
When you reside in JVC, staying in shape won't be tough. However, there are several local gyms, notably the Well Fit Gym in Circle Mall, and most buildings have exercise centres.
The closeness to Address Montgomerie will make residents of JVC, especially golfers, delighted. If you're looking for a gym or fitness centre in JVC, there is a New Life Fitness Gym location. Cycling lovers will like the area's cycle paths. Another choice for early exercise is the community's beautifully designed parks and jogging paths.
Economical Rent
JVC is renowned for offering a large range of rental homes that are affordable. One of the main benefits of residing in JVC is the availability of inexpensive rental housing.
A studio in JVC may be rented for as little as AED 29k. In JVC, one-bedroom apartments start at AED 38k and two-bedroom apartments cost AED 60k to rent. Starting at AED 129k, villas and townhouses are available for rent.
Peaceful and Still Very Connected
Although the neighbourhood is renowned for providing a tranquil atmosphere in a busy city like Dubai, it is well connected to the rest of the emirate. Jumeirah Village Circle residents have quick access to Sheikh Mohamed Bin Zayed Road (E311) and Al Khail Road (E44).
Bus service is readily available for residents who must commute by public transportation. Within the neighbourhood, there are many bus stations, including JVC Tuscan Residences Bus Stop and JVC Atlantis S1.
Premier area
Jumeirah Village Circle is conveniently situated near several popular destinations in Dubai, including Downtown, the Marina, Internet City, and more. With an easy commute to and from the neighbourhood, JVC is the perfect location for those who work around the emirate.
Let's look at some of the difficulties JVC residents can encounter now that we are aware of the advantages of living there.
Not a lot of Speed is Uses
If you enjoy living a fast-paced lifestyle, JVC is not for you. It is quite well-liked for its comfort and tranquillity. One common mistake is that the location is near or in Jumeirah, a popular destination for leisure and tourism. Jumeirah is about a 20-minute drive away.
Lack of Metro Access
JVC does not have a metro stop specifically for it. However, Dubai Internet City Metro Station, which is just 11 minutes away from the neighbourhood, is your best choice if you choose to take the Dubai Metro for your journey. On the other hand, you may use a cab or a bus to go to the Mall of the Emirates Metro Station.
Profitability of Jumeirah Village Circle
The renowned Arab business Nakheel is the overall developer of the residential neighbourhood. The person in question has built a sizable number of properties from the ground up, handling the difficult construction. The JVC neighbourhood is distinguished by a high standard of comfort and is home to the luxury real estate market, although the costs are far lower than, say, those in Dubai Marina. As a result, Jumeirah Village is drawing more individuals who are thinking about purchasing an investment property in Dubai.
The third-highest housing community in the UAE in terms of sales is Jumeirah Village Circle, in accordance with statistics given by the internet site Bayut. Only the Downtown and Dubai Marina regions outperformed JVC. Jumeirah Village is also placed third in terms of investment appeal in the "Report on the housing market" released on the same page. The Dubai Marina and Downtown districts are once more the top 2 toppers.
Valuable Insights for Real Estate Investors in Jumeirah Village Circle
Due to its convenient placement along well-travelled routes, JVC stands out. These roads provide mobility throughout all emirate regions. These are the Al Khali, Barsha, and Mohammed Bin Zayed highways. It just takes 20 minutes to travel from the residential community to the Dubai Expo 2020 or the famous destinations of Palm Jumeirah and the Dubai Marina, making this a convenient position that is also far from numerous of the emirate's classic sights.
Why are buyers and renters in Dubai attracted to Jumeirah Village Circle ?
In the competition for high-end property, Dubai is recognized for its upscale leasing and purchasing possibilities. The new neighbourhood of Jumeirah Village Circle (JVC) has begun to gain popularity with both buyers and tenants. Why is this community expanding so quickly?
Inexpensive Expenses: JVC offers an affordable alternative to some of Dubai's more expensive locations, making it an excellent choice for both tenants and buyers. Budget-conscious people should choose JVC since there, flats and villas are frequently less expensive than in other locations.
Several options: JVC provides a wide range of residences, from studios and one-bedroom apartments to larger villas with several bedrooms. Because of this, it's an excellent choice for anyone looking for a certain kind of house.
JVC is a wonderful choice for anybody who wants to be within reach of the city's most popular sights and amenities because of its handy location in the middle of Dubai. The neighbourhood is well-served by transportation options, and JVC makes it easy to go to other parts of Dubai.
There is a sense of community at JVC, where a range of activities and events bring residents altogether. Because of this, it's an excellent choice for anyone who wants to live in a small-town setting.
Great-grade homes: Despite their relatively affordable prices, JVC properties are of great quality. There are several new residences with a range of amenities including gyms, swimming pools, and 24-hour security.
Given that increasing housing prices are expected to continue for the foreseeable future, JVC offers good investment potential. Due to this, it is an excellent choice for people who want to invest at the start of a developing market.
Excellent Amenities: To suit the needs of its residents, JVC provides a range of amenities. The area is home to several grocery stores, dining establishments, and coffee houses in addition to a few pharmacies and clinics.
JVC is ideally located in a lot of outdoor pursuits, including the Dubai Miracle Garden and the Dubai Butterfly Garden. Because of this, it's an excellent choice for any individual who enjoys spending time outside.
New Developments: JVC is still a young industry, and several new projects are still being built. This shows that there are many opportunities to buy off-plan, which may be a great way to get a house for less money.
Jumeirah Village Circle is generally booming for renters and buyers thanks to its affordable prices, variety of options, good location, family-friendly atmosphere, sense of community, high-quality properties, investment potential, great amenities, easy access to outdoor activities, and new development. You should consider JVC whether you're looking for a studio apartment or a big mansion.
JVC owns around 1,000 residential properties, including multi-family buildings and single-family homes, that are either finished or are in various phases of development.There is also information on buildings that are intended, including some of the more than 180 hotels and apartments that are now being built.The statistical portal Lookup estimates that in Jumeirah Village, nearly a quarter of the land has not yet been developed. This suggests that there may be an announcement of new initiatives shortly.
Real Estate Rental Trends near Jumeirah Village Circle
The First Group, another reputable developer, is constructing recognizable housing complexes nearby. These are three of the opulent apartment hotels that this developer is offering:
The neighbourhood of homes is circular, as implied by its name. When you look at the map, this becomes clearer. In actuality, you'll notice it right away since the neighbourhood was constructed using a traditional layout, with a circular plaza in the middle and radiating roadways that create rays. Radial development is practical since it makes the region much easier to travel and always has a central location where key infrastructural components are concentrated and where life is bustling. As a result, the surroundings will be calmer the farther a residence is from the centre.
There are neighbourhoods established along the streets with villas and townhouses (houses for many families). Private property is treated with absolute respect everywhere in the region. There are no curious onlookers, visitors, or clamorous promenades.
The region does, however, have its infrastructure for leisure and relaxation. Within a sizable metropolis with more than 30 beautifully manicured parks available for inhabitants, JVC is a haven of peace. There are high-end hotels, catering businesses, shopping centers, and educational institutions. More than 800 hectares make up the whole community of Jumeirah Village Circle.
In the past several years, there have been over 300 unit transfers in Jumeirah Village Circle. The JVC is home to several developments and gains from being adjacent to places like Jebel Ali Village, Dubai Marina, and Jumeirah Lake Towers. In the Jumeirah Village Circle, there are several two- and four-bedroom villas as well as townhouses. Residential construction in Jumeirah Village Circle is also being fueled by hospitality brands including The One by Ramada Plaza, Vantage and Constella by Damac, and Suites in the SKAI-by-SKAI Holdings.
The population of JVC is growing, and three new exit and access points connecting Hessa Street to the local neighborhood represent significant growth in the city's infrastructure. These additional access and exit points will provide a strong connection to the Sheikh Mohammed Bin Zayed Road, Motor City, and Sports City. This road upgrade effort has strengthened the real estate markets in JVC. This will significantly aid in reducing traffic at these busy crossings. The number of residents of JVC will soon grow even more, and the area's social fabric, including the new mall that is being developed, is also expanding quickly. A multi-screen movie theater, as well as several shops, cafés, and restaurants, will be present. JVC has numerous beautifully designed parks in addition to many other attractions for the locals.
Yes, JVC is one of the most sought-after neighbourhoods in Dubai for residents because of the reasonable rent, diversity of food and retail options, beautiful green spaces, and close access to some of the city's greatest tourist attractions.
Yes, a lot! PideKeyfi, Socialicious Cafe, and Pinza are a few of the well-known eateries in JVC.
At JVC's Circle Mall, you may shop. The shopping centre provides a variety of nutritious fruit, milk and other dairy products, baked foods, and other items in addition to clothing and accessories.
JVC offers a wide range of housing alternatives, affordable costs, and a lively living environment. The benefits of living in this family-friendly neighbourhood include its accessible location, availability of a wide range of entertainment alternatives, and plenty of sporting opportunities, among other benefits.
Today, Jumeirah Group is a national champion of Dubai, a part of Dubai Holding, and a leading worldwide luxury hotel business. It manages 26 world-class properties totalling 6,500+ keys throughout the Middle East, Europe, and Asia.