Jumeirah Village Circle

About Jumeirah Village Circle

Don't look around if you're aspiring to live in a quiet neighborhood where you can forget everything about the hectic fast city life and enjoy home time in peace. Jumeirah Village Circle Dubai is the right place when looking for a home with a modern traditional neighborhood sense and a safe environment to raise a family.

Jumeirah Village Circle may be the neighborhood with the most family feel in Dubai. Its organized streets and residential buildings nestled within green gardens and parks represent a traditional residential area with an upscaled collection of services and amenities.

The master plan of Jumeirah Village Circle consists mainly of low-rise buildings except for a few buildings on the outer circle of the community. The Five Hotel stands as a well-recognized landmark and a milestone in the area.

Green spaces are an essential part of the community and take on a large share of its area. Residents can enjoy the good-weather days in picnics and strolls, meeting friends, or overseeing their kid's playing.

Residential options in Jumeirah Village Circle vary from small to large-sized apartments, villas, and townhouses. Buyers looking for a Jumeirah Village Circle villa for sale can find options of semi-detached and standalone villas, besides townhouse units of different designs that agree with the taste of modern buyers.

Jumeirah Village Circle villa for rent is also available for residents who prefer renting a home that offers more privacy, space, and comfortable living.

LOCATION OF JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle enjoys a privileged location in the heart of New Dubai, close to many important destinations in the city, especially the Marina and beautiful beaches.

Jumeirah Village Circle Dubai is a neighbor to the Miracle Garden and a few minutes away from the Mall of the Emirates and the Al Barsha area.

The community mainly got its popularity from the competitive prices it offers for its units. Whether for rent or sale, especially with all the excellent facilities people can have living in JVC Dubai. These facilities make it the first choice for many people among buyers, investors, and tenants.

JUMEIRAH VILLAGE CIRCLE IS IDEAL FOR

Jumeirah Village Circle covers all the requirements of a family-oriented community, like great options for schools, daycares, parks, and kids' play areas, making it very popular among families. However, JVC attracts an extensive array of people, from single individuals living alone to new families and families with kids, to its various residential options ranging from studios to villas. It is one of the ideal living options for individuals who work in multiple parts of the emirate, as it is easy to commute to the rest of the main areas in Dubai.

TRANSPORTATION IN AND AROUND JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle Dubai is a very well-connected area in Dubai, as it links most areas of the emirate through al Khail Street and Sheikh Zayed Road. Jumeirah Village Circle serves three bus lines and many bus stations along each line for convenient public transportation.

The nearest metro station is the Mall of the Emirates metro station. Still, plans are put forward for JVC to have a metro station within the community.

ENTERTAINMENT OPTIONS IN AND AROUND JUMEIRAH VILLAGE CIRCLE

Eager mall lovers will find the new Circle Mall located in the heart of Jumeirah Village, considered a primary destination for shopping and entertainment in the residential community. It contains 235 shops, restaurants, and entertainment outlets, including Spinneys supermarket, department stores, a multi-screen cinema, fashion stores, electronics, and various cafes and restaurants.

The master development of JVC pays excellent attention to providing residents with a place to spend their time in nature and for kids to play and have fun. Explaining why gardens, natural green spaces, and beautiful scenery take a good share of the community area.

In addition to the tree-lined roads and cycling paths that go around the entire community, it has various sports courses, such as football and basketball, as well as gyms and health centers.

SCHOOLS AND EDUCATIONAL INSTITUTIONS IN AND AROUND JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle is specifically popular among families with children due to the availability of several reputed schools, daycares, and preschools that kids can follow. College and university options are available for older students in Knowledge Park, which is only a 15-minutes drive from JVC.

Some of the closest schools and preschools to the residential area: are Kids World Nursery JVC, Stepping Stones, JSS International School, UEG School, Sunmarke School, and Global Indian International School (GIIS) Dubai Campus.

There are many excellent educational facilities close to Jumeirah Village Circle. You can choose between a wide range of prestigious universities in the Dubai Knowledge Park; for example, the University of Manchester and the University of Longing Dubai are about 15 minutes away by car.

HEALTHCARE FACILITIES IN AND AROUND JUMEIRAH VILLAGE CIRCLE

Several clinics cover JVC residents' health matters, like Right Health Karama Medical Center (JVC branch). Suppose the medical condition requires more specialized health care. In that case, people can easily reach the Mediclinic Parkview Hospital on Umm Suqeim Road, located about 12 minutes from the community.

RENTING PROPERTY IN JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle is a family-oriented community that offers different choices of residential units, from apartments with varying numbers of rooms and sizes to townhouses and villas. It's located in the heart of Dubai and offers a variety of homes at competitive prices.

JVC provides options for all leasing budgets. For example, you can find studios for rent in Jumeirah Village Circle starting from AED 30,000/yearly and one-bedroom apartments between AED 35,000/yearly to AED 95,000/annually. And for the 2-bedroom apartments, prices range from AED 48,000/yearly to AED 160,000/yearly.

BUYING PROPERTY IN JUMEIRAH VILLAGE CIRCLE

It's considered one of Dubai's most popular options for buying real estate. It is especially suitable for parents who want to live near Dubai's finest educational institutes. Apartments and villas here offer supermarkets, clubs, gardens, and swimming pools, enabling you to do a lot of activities with your family members and friends.

Various options of furnished 1, 2, 3, and 4-bedroom apartments are available in Jumeirah Village Circle for sale. In addition, you can find reasonably priced apartments for sale in Jumeirah Village Circle, 1-bedroom apartments ranging from AED 350,000 to AED 1,750,000, and two-bedroom apartments from AED 600,000 to AED 2,700,000.

POPULAR BUILDINGS IN JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle is one of Dubai's most peaceful residential areas, developed by Al Nakheel. Famous towers in Jumeirah Village Circle include Joya Verde Residences, Signature Livings, and Regina Tower - composed of The Plaza Residences, Bloom Tower, and the Manhattan Tower. There are many other residential options, where the properties vary for individuals' and families' different desires— from one-bedroom or two-bedroom apartments to penthouses, townhouses, and villas.

HOTELS IN JUMEIRAH VILLAGE CIRCLE

There are several hotel options in this attractive area. Five Jumeirah Village Hotel, which has 60 floors, and a five-star rating, offers fine dining, shopping, fitness, and cafes. Another great option is the four-star Milan Hotel.

What's more? The First Collection at Jumeirah Village Circle. The sleek and stylish contemporary lifestyle hotel has a prime location in Jumeirah Village Circle. It is ideally situated for business or leisure travelers, accessible to Dubai's stunning beaches, tourist attractions, and key commercial and business centers.

GETTING AROUND JUMEIRAH VILLAGE CIRCLE

It is one of the most popular areas for housing in Dubai. Living in Jumeirah Village Circle means easy access to many important and famous areas in Dubai, such as Al Barsha. In addition, its privileged location makes it an ideal housing choice for people who work in all parts of the Emirate of Dubai, as they can quickly move around.

The abundance of green spaces, parks, and gardens with attractive and natural views makes it eye-catching. Many entertaining activities such as jogging, walking, or cycling are easily doable. Also, Jumeirah Village Circle contains a range of commercial and recreational facilities from sports fields, swimming pools, shops, and stores.

UPCOMING ATTRACTIONS IN JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle has been one of the most famous areas in Dubai due to its abundance of amenities, such as restaurants and supermarkets. On top of that, a wide range of schools is available, adding to the family-friendly character of the neighborhood. Another great benefactor to the Jumeirah Village Circle area's popularity is real estate's affordability. Flats, townhouses, and villas are relatively affordable compared to other districts in Dubai, and the units come with spacious layouts. Although the area is coming of age, many new projects are still developing.

There's a new nightlife spot in the area. The Mansion is located in Five Jumeirah Village and is the latest venue to open in the thriving party hotel. The Mansion opened its doors in June 2022, welcoming party people from Jumeirah Village Circle and beyond to enjoy the music, fashion, and culinary experiences.

THINGS TO CONSIDER IN JUMEIRAH VILLAGE CIRCLE

Jumeirah Village Circle is one of Dubai's most popular destinations for renting and housing. Its proximity to Dubai's main work centers and recreational facilities makes it the best choice for individuals, families, and even investors. But you must be aware that this area is witnessing a permanent construction movement and many buildings are still under construction. As a result, there is some noise, in addition to the absence of a metro station within the area. This may cause some difficulties for individuals who depend on public transportation.

How to choose the right property in JVC

When selecting a residential property in JVC, you have the choice between an apartment and a villa. It is important to determine how much you are able to spend on a property and take into account the location of the project within the community, as well as the proximity to the amenities that you need.

When it comes to townhouses for sale in JVC, they tend to produce a great return on investment (ROI). Here is a breakdown of the expected ROI for each district:

Now, dealing with unprofessional real estate agents can be an inconvenient and frustrating experience for buyers, sellers, tenants, and landlords. From not returning calls to showing you a property that doesn't match its online listing, these situations can make it hard to find a true professional. To help you find a reliable real estate agent or property developer, here are some tips to consider:

1. Before engaging with a real estate agent, it is important to ensure they are employed by a reputable real estate agency. Do some research to determine how long the business has been operating in Dubai and if they have earned any business awards. Companies that are highly esteemed often provide thorough training to their consultants to give them the necessary skills and knowledge to be successful.

1. The Dubai Real Estate Regulatory Agency (RERA) was founded in 2007 to control the Dubai real estate market. As a result, RERA is in charge of authorizing all real estate operations, such as licensed real estate agents. You can confirm if your agent is RERA certified by taking a look at his profile on property websites. The BRN number should be visible. If it's not, you can just ask the agent directly.

1. Real estate agents who specialize in a particular area are invaluable. They have the knowledge and expertise to understand the unique features that make your property and neighborhood stand out from the rest. As your agent continues to work in the same area, their area knowledge will grow and they will be better equipped to represent your property.

Step-by-step guide to buying property in JVC

Visit Driven Properties and browse through the various available listings of JVC. Then look at the transaction records to know what community is popular or the service charges per community or project. In addition, the filters on our user-friendly website help to tailor the selection according to your requirements.

Once you have contacted one of our JVC specialists and selected a property to invest in and spoken to the seller, the next step is for the buyer and seller to agree on the terms of the sale through a Memorandum of Understanding (MOU) signed by both parties. When signing an MOU, the buyer has to pay a deposit for the property, which is generally calculated to be 5% to 25% of the property value. Then a No Objection Certificate (NOC) needs to be issued from the developer, after which the Dubai Land Department (DLD) will transfer the ownership. Finally, the respected banks must get involved if an investor considers getting a mortgage.

 Financing and Legal Considerations

Once you've found the perfect home in Dubai, it's time to look into the different mortgage options available to you. Purchasing a dream house is an exciting journey that requires you to browse online listings, meet agents, talk to your friends and family, and visit the property in person. After you have all the necessary information, you can make an informed decision and go ahead with the purchase.

Here are the different mortgage types in Dubai:

1. Fixed-rate mortgage: interest rate is fixed for a pre-agreed period (less than five years).
2. Variable rate mortgage: Interest rate can change throughout the repayment period.
3. Discounted rate mortgage: The interest rate is lower than the Emirates Interbank Offered Rate (EIBOR).
4. Capped mortgage: Maximum cap is set before the loan term begins.
5. Remortgage: Get a new loan on an existing mortgage or transfer the existing mortgage.
6. Offset mortgage: Linking a traditional mortgage with one or more deposit accounts.
7. Investment mortgage: Loan acquired to buy a property for investment.
8. Non-resident mortgage: Available for non-residents of the UAE.
9. Residential mortgage: Loan acquired by an individual to buy a home to live in.
10. Commercial mortgage: This tool business owners use to buy a property for their business operations.
11. Land/Construction mortgage: Loan secured to fund the land purchase, structure renovation, or construction.
12. Mortgage repayment options: Interest-only repayments, Capital and interest repayments, Down payment, Mortgage life insurance.

Now, let’s have a look at how you can get a mortgage in Dubai through the following takeaways:

1. Two ways of buying property in Dubai: cash or on a mortgage.

2. Eligibility criteria for a mortgage in Dubai:

1. Be a UAE national or resident
2. Be between the ages of 21 and 65
3. Have a monthly income of AED 15K (salaried) or AED 25K (self-employed). Please note that the monthly income can vary between banks.

3. Documents required to apply for a mortgage in Dubai:

1. A copy of your visa and passport
2. A copy of your Emirates ID
3. A salary certificate for proof of employment
4. Proof of residence (copy of tenancy contract or DEWA bill)
5. Pay slips and bank statements for the past six months
6. The latest statements of your credit cards

Note: Non-residents seeking a home loan in Dubai must provide the following documents:

1. A copy of your passport
2. Your bank statements for the past three months

4. Step-by-step process of getting a mortgage in Dubai:

1. Find a lender
2. Choose the right mortgage for you
3. Get a pre-approval letter
4. Find your dream home
5. Finalize your property purchase

5. Expats can buy property in designated freehold areas in Dubai, such as:

• Dubai Marina
• Palm Jumeirah
• Downtown Dubai
• Dubai Hills Estates
• Emaar Beachfront
• JVC

6. Mortgage down payment depends on the purchase value of the property and the resident status. Expatriates can get a mortgage from lenders operating in the UAE, but conditions may apply. For example, expat investors can be expected to pay a minimum down payment of 20% to 25%

 of the mortgage value besides associated costs.

7. Takes around two weeks (around 10 working days) to obtain the final offer mortgage letter.

Worth mentioning that property ownership in JVC is available to both UAE nationals and non-UAE citizens. For those not from the UAE, there are specific regulations and guidelines established by the Dubai government and Dubai Land Department (DLD) in order to purchase properties in the designated freehold areas of Dubai, which includes JVC.

Furthermore, if you are a US citizen looking to purchase property in the UAE, it is important to bear in mind the country's expat-friendly taxation system. While the UAE does not levy tax on purchased property, expatriates must still consider any legal liabilities that may arise in their home countries. For instance, any earnings such as rental income, interest on savings, and dividend payments may be subject to tax in the United States. For this reason, it is recommended that you consult with a tax agent in your own country to gain a clearer understanding of any tax liabilities associated with foreign property purchases before making the decision to buy.