Jumeirah Village Circle - JVC

Jumeirah Village Circle is one of the few communities in Dubai where all property types are available:

Villas

There are two villa communities within JVC both developed by Nakheel. In District 16, there are about 300 two bedroom villas which were completed in 2013. These units are renowned for their extra large plot sizes. In the center of JVC, there are about 90 four bedroom villas which Nakheel launched in 2012 and delivered in 2015. There are no other villa developments planned in the community, however, in 2012, Nakheel did sell a number of G+1 residential plots to investors. These have now been delivered and allow for the owner to build standalone villas. These plots are scattered throughout JVC.

Townhouses

In JVC, Nakheel developed about 400 one and two bedroom townhouses in District 12. These were all completed in 2013 and this part of JVC is mature. At the same time, since the launch of JVC, a number of G+2 (ground plus two storey) plots were sold to private investors / developers who in turn have developed several rows of townhouses throughout JVC. These rows of townhouses typically have anywhere between 8 – 15 units and are all built over three levels. Most of these row townhouses have 3 or 4 bedroom options and a handful even have 5 bedrooms.

Office Space

As of January 2016, there is only one major recognized office building in JVC called Prime Business Center (a Grade B building). As there are many undeveloped plots in JVC, in the future we may very well see developers react to market demand and build office space. In the past few years, developers have launched mainly apartment, townhouse and hotel serviced apartment projects.

Hotel/Hotel Apartments

Since the market revival in 2012, a number of hotel serviced apartment projects have been launched by major developers in JVC including Damac (Vantage & Constella), The First Group (The One by Ramada Plaza) and SKAI holding (Suites in the SKAI).

Residential Plots

Nakheel sold 97 G+1 residential plots in different areas of JVC where individuals could build their own villas. These have been one of the highest transacted property types in the community since 2012 and prices have more than doubled since their announcement. As of January 2016, several such villas have been completed and many more are under-construction.

Commercial Plots

These are classified as plots that developers can buy and build on. There are G+2, G+4, G+8, G+10, G+19 and G+unlimited plots available in JVC at various market prices. As this is one of the few communities where future construction can take place, commercial plots are regularly transacted.

Source: Lookup.ae