Properties for sale in Jumeirah Village Circle

Property in Jumeirah Village Circle with a residence permit

Properties in Jumeirah Village Circle, UAE, one of the most popular and fastest growing areas of Dubai, are popular with both buyers and tenants. Its name implies the radial nature of the development.

The cluster was created by Dubai's leading developer Nakheel and has over 2,000 residential units. The infrastructure of the neighbourhood is aimed at families with children and is designed for comfortable living, walking, recreation and sports. It is perfect for lovers of a healthy lifestyle.

The community has over 30 parks with walking and jogging paths, sports and playgrounds. Residents have access to many shops and supermarkets such as Aswaaq Mart, The Express Cart and Green Apple. Homeowners can receive medical care at Right Health Karama Medical Centre. For children, there are Kids World Nursery and Ladybird Nursery and JSS International School.

For major shopping, you can head to Circle Mall, which has an area of about 50,000 m². It has big name brand shops, a Nesto hypermarket, a Spinneys supermarket, pharmacies, cafes and restaurants.

JVC is located near the thoroughfares of Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street. Residents can reach Mall of the Emirates, Downtown Dubai and the Palm Jumeirah resort community in 1520 minutes. Motiongate, Legoland Dubai and Bollywood Theme Parks are all within 30 minutes’ drive.

The travelling time to Dubai International Airport and Al Maktoum Airport will also take approximately 30 minutes.

The neighbourhood offers a wide range of flats and villas in the UAE to suit different needs and budgets:

• Studios and 1- to 5-bedroom apartments. The compact options are ideal for students and young professionals, while the more spacious ones are ideal for couples, entrepreneurs and families with children. Such apartments in the UAE have a large living room, equipped kitchen, spacious balcony or terrace. There are variants with a laundry room, guest bathroom, and a room for staff. Complexes with community apartments include modern amenities such as swimming pools, landscaped gardens, gyms and fitness centres, and children's play areas.
• Townhouses are cottages 23 storeys high, sharing a common wall with the neighbouring one. They offer a combination of privacy and the amenities of an apartment complex. Townhouses usually have several bedrooms and baths, a living room, kitchen, and a small backyard area.
• Villas are detached homes that are often complemented by a private garden and pool. They can range from small villas to huge mansions with a private gym, wine cellar and garage for several cars.

Residence permit in the UAE by buying property in Jumeirah Village Circle

Buying real estate in JVC provides investors with the opportunity to obtain a residence permit in the UAE through property investment. The duration of the residency visa will depend on the amount of investment.

If you buy 1 or more freehold properties worth AED 750,000 ($204,000) or more, you can get an extendable residency permit for 2 years. The properties can be ready-made or under construction, residential or commercial, and can be purchased with a mortgage; the main condition is to invest at least AED 750,000 or 50% of the value.

The purchase of 1 or more properties worth at least AED 2 million ($544,500) will qualify for a 5-year golden visa.

In both cases, the applicant does not need a sponsor. A spouse and children can also be included in the application, and the age restriction for children is waived for the golden visa. Other advantages of golden residency include:

• you can stay outside the UAE for more than the normal period of 6 months;
• you can sponsor an unlimited number of domestic helpers;
• in the event of the death of the principal holder, family members will be able to remain in the UAE until the visa expires.

Investment real estate in Jumeirah Village Circle

Properties in JVC for investment are in high demand from foreigners, ensuring a steady rise in its value. It is one of the most popular communities for buying villas and apartments of medium price segment. The cost of 1 m² of villas here has increased by 15.6% in H1 2024 while the average transaction price has increased by 22.4%. For apartments, the growth was 6.54% and 15.6% respectively. These are excellent indicators for investors who plan to invest in real estate for sale in Jumeirah Village Circle to save money or further resale on the growth of the market.

There are many complexes under construction in the cluster, which also increases its attractiveness. The difference in price at the initial stage of the project and at its completion reaches 30% or more. If one invests at the start, the investor will be able to get the highest profit.

Rental income in JVC is also quite high. The average ROI for villas is 7.25%, for apartments is 8.65%, which is commensurate with the returns in the central districts of Dubai, such as Business Bay and Downtown Dubai.

The property prices in JVC vary depending on its type, area, configuration, project class and other factors.The average price of studios is AED 580,000 ($158,000), 1-bedroom apartments is AED 881,000 ($240,000), 2-bedroom apartments is AED 1.4 million ($381,000). A villa with 35 bedrooms can be purchased for AED 2.53.2 million ($680,500$871,000).