In the rapidly expanding real estate market of Dubai, Jumeirah Village Circle (JVC) emerges as a standout area offering high returns for investors. Currently, the demand for off-plan properties in JVC remains strong, with an average price of Dh1,450 per square foot. This makes JVC an appealing investment option for those seeking growth, affordability, family-friendly amenities, luxury, quality, and a strategic location.
Since January 2020, JVC has contributed to 10.64% of overall registered sales in Dubai. Between 2012 and 2024, apartment rents in JVC have appreciated by 188%, with studios, 1-bedroom, and 2-bedroom apartments yielding returns of over 8% to 10%. The rental market is robust, driven by strong tenant demand, particularly from families attracted to JVC’s well-developed infrastructure and amenities. As rent prices rise due to an influx of foreign workers, tenants are increasingly transitioning into property owners.
In October 2024, JVC recorded 1,487 transactions with a sales value of Dh1.5 billion, making it a top performer, followed by Business Bay with 1,135 transactions and a sales value of Dh2.6 billion. Capitalizing on this trend, Tranquil Infra, a boutique developer, has launched Blossom76 in the heart of JVC. Blossom76 features 111 residences, including studios, 1-bedroom apartments with study rooms and plunge pools, and 2-bedroom apartments with laundry rooms, study areas, and private plunge pools. The development offers a range of recreational amenities, including a kids' play area, swimming pool, panoramic rooftop gym, yoga space, BBQ and outdoor deck, retail spaces on the ground floor, and more. Prices start at Dh595,888.
Dr. Sharad Nair, Co-Founder & Chairman of Tranquil Infra, stated, “We focus on quality, innovation, and sustainability to deliver value to investors. Blossom76 represents a fresh approach to the market, combining cutting-edge design with exceptional craftsmanship in Dubai’s dynamic cityscape. We aim to set a new benchmark for refined living, offering boutique residences that embody elegance and timeless appeal.” Aditya Khurana, Co-Founder & Managing Director, added, “Tranquil Infra Developers is committed to creating iconic developments that set industry standards through architectural excellence, sustainable design, and superior quality. Our vision is to build communities that promote tranquility and sophistication.”
Despite global economic uncertainties, experts predict that property prices in the UAE will rise by 5% to 7% annually in 2024 and 2025, fueled by high demand for affordable and mid-market communities that exceed current supply. Blossom76’s show apartment is available for viewing at their experience center in Bay Square. Construction is set to commence on January 1, 2025, with handover scheduled for Q1 2027. The project is supported by a strong team, including Emsquare Engineering Consultants for design and architecture, Adnann Contracting LLC as contractors, and Lawyer Point for legal advisory services. Sales channels are managed by Deja Vu and Allegiance, ensuring a comprehensive and promising start for the development.
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