Hi, to we are bringing you a comprehensive community overview of Jumeirah Village Circle (JVC). Let’s dive into what makes JVC an exceptional place to live and invest in.
An Overview of Jumeirah Village Circle (JVC)
Master Development by Nakheel
Jumeirah Village Circle spans over 870 hectares and was developed by the master developer Nakheel. Residents started moving in around the beginning of 2014, and the community has grown significantly since then.
Growth and Expansion
Initially, JVC comprised 235 completed residential towers and townhouse roads by 2020. Now, the area boasts 350 completed structures, with another 100 residential, commercial, and hospitality towers in the design stage.
Retail and Shopping Options
Diverse Local Shops
JVC has always been home to a variety of shops, including laundromats, tailors, pet shops—you name it, it’s here.
The Circle Mall
Previously missing a mall, JVC saw the opening of The Circle Mall two years ago. This mall offers a plethora of options, including:
- Restaurants
- Fast food chains
- Popcorn shops
- Supermarkets
The Circle Mall feature a cinema, over 80 different shops, and 40 different restaurants. There’s even a gym on the top floor, a rooftop pool, and an Irish pub within the mall.
Supermarket Availability
JVC now hosts large supermarkets like Spinneys and Nesto, addressing the previous lack of large grocery stores.
Real Estate Value and Investment
Affordable Housing Options
One of the biggest draws to JVC is the value for money. In a community with a mix of townhouses, villas, and apartments, you can find properties with backyards, roof terraces, balconies, and private garages without the high prices of locations like The Ranches.
Price Comparisons
- Townhouses: For instance, a two-bedroom townhouse measuring 1,937 square feet is on the market for around 1.3 to 1.4 million AED.
- Apartments: Studio apartments average around 418,000 AED, one-bedroom apartments around 650,000 AED, and two-bedroom apartments and above start at one million AED and up. These prices are more competitive per square foot than other prime areas like the Marina, Palm, and Business Bay.
Investment Potential
Ongoing construction in the area means you can find lower prices now, which are likely to appreciate as the community develops further. JVC remains one of the best areas for remaining plots, with around 40% still undeveloped.
Return on Investment (ROI)
The average ROI in JVC is around 5.5 to 6.5 percent, with certain properties achieving 8, 9, or even 10 percent.
Living in JVC
Variety of Properties
- Villas: One-bedroom villas start at just one million AED, offering gardens and private garages. Two and three-bedroom villas range from 1.6 to 1.8 million AED, while five-bedroom villas average around 2.2 million AED.
Space and Comfort
Jumeirah Village Circle offers ample space for families and individuals alike, with various property types catering to different needs and preferences.
Connectivity and Accessibility
JVC is ideally located within Dubai, offering excellent connectivity:
- 20 minutes from the Marina and the Palm
- 21 minutes to Dubai Mall
- 22 minutes to Business Bay
- Just under an hour and a half from Abu Dhabi
Why Choose JVC?
Value for Money
JVC stands out for its competitive property prices and high value for money, making it an attractive option for both investors and end-users.
Community Amenities
With the development of The Circle Mall and the availability of essential services and shops, Jumeirah Village Circle residents have everything they need within reach.
Investment Opportunities
The ongoing construction and high ROI potential make JVC a prime location for property investments.
Conclusion
In summary, Jumeirah Village Circle (JVC) offers an unbeatable combination of value, amenities, and investment potential. Whether you’re looking to buy a home or invest in real estate, JVC provides a promising and vibrant community within Dubai.
FAQs
1. What types of properties are available in JVC?
- JVC offers a mix of townhouses, villas, and apartments, catering to different needs and budgets.
2. How has The Circle Mall enhanced the community?
- The Circle Mall provides a wide range of shopping, dining, and entertainment options, significantly enhancing the convenience and lifestyle of JVC residents.
3. What is the average ROI for properties in JVC?
- The average ROI is around 5.5 to 6.5 percent, with some properties achieving up to 10 percent.
4. How does JVC compare to other Dubai areas in terms of price?
- JVC offers more competitive prices per square foot compared to prime areas like the Marina, Palm, and Business Bay.
5. Is JVC a good option for families?
- Yes, JVC offers spacious properties, excellent amenities, and a family-friendly environment, making it an ideal choice for families.
