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Building for sale in JVC (JVC, Dubai)

AED 70,000,000
BUA92,748 ft2
Price per ft27,547 AED
Property typeResidential Building
AreaJumeirah Village Circle
DevelopmentJumeirah Village Circle
ID (Ref.No)imex-554105
Operated by HotelNO
UNIT_FIELD_UNIT_USAGEOffice (Office)
Secondary viewEc Road+corner
Building for sale in JVC

A five-storey residential building in Jumeirah Village Circle District 10 with one of the highest ROI potential and huge tenant’s demand due to attractive rentals.

Residential Building 2B + G + 4

PLOT AREA: 3,165.23 sq.m. (34,070.25 sq.ft.)

TOTAL AREA: 92,748 sq.ft.

PUBLIC AREA AT GROUND (gardens + swimming pools): 9,976.31 sq,ft

PUBLIC ROOF GARDEN: 13,904.62 sq.ft.

BASEMENT AREA (2 STORIES): 68,140 sq.ft.

A mixed use development with two service basement floors and public area at roof. It includes 39 2BR residential units, 28 1BR units, three studios and also a retail space at ground level. Almost all of the premises are currently leases out for long terms with current total rental income of AED 6 000 100 pa and potential income of AED 6 740 250 pa.

Current ROI: 7.5 per cent

Planned ROI: 8.43 per cent

For more details kindly contact Oleg LAVRIK (BRN 5201) on:

+971 502528188 (Viber, WhatsApp, Telegram, IMO)

IMEX REAL ESTATE BROKER LLC UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Tel. +971 4 395 1911

Email: oleg@imexre.com

Skype: resident69

ABOUT NEIGHBORHOOD:

Jumeirah Village Circle is an emerging freehold community where all types of property are available: villas, apartments, townhouses, offices, retail and plots for development. JVC has come a long way from the lows experienced in early 2009. As the market started reviving in late 2011 and early 2012, many deliveries started taking place and many other stalled projects were revived. Today, close to a hundred individual projects are completed in the community and while there are significant pockets of undeveloped land in the community, few doubt that these will gradually be developed. JVC is a large project and by some estimates, one of the more affordable areas to buy or rent a home in Dubai, which makes the location extremely demanded among property tenants and buyers.

A number of new real estate projects have been launched in JVC by major Dubai developers including Damac (Vantage & Constella), The First Group (The One by Ramada Plaza), SKAI holding (Suites in the SKAI), Indigo properties, Diamond Properties and Nakheel, which alone have developed 4 townhouse & villa communities in JVC.

Facilities
  • 24 hour maintenance
  • 24 hour security
  • Available Networked
  • Banks
  • Retail Services
  • Lease Management
  • Business centre
  • Convenience store
  • Public transport
  • Schools
  • Shopping centre
Location
Related offers
AED 70,000,000
BUA92,748 ft2
Price per ft27,547 AED
Property typeResidential Building
AreaJumeirah Village Circle
DevelopmentJumeirah Village Circle
ID (Ref.No)imex-554105
Operated by HotelNO
UNIT_FIELD_UNIT_USAGEOffice (Office)
Secondary viewEc Road+corner
Oleg Lavrik
Agent | BRN: 5201
Language: Russian
Office Tel: +971 4 3951911
Tel: +971 50 2528188
Tel: +971 50 2528188    
E-mail: oleg@imexre.com
Skype: resident69

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Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management