JVC has been a popular area for real estate investment in terms of following up long-term renting lately.
For example, JVC’s average annual rental income is 6.34%, comparable to the income from renting out apartments in the Downtown business district — the same 6.34%. And above the income of the beach-tourist areas of Palm Jumeirah (6.15%) and Jumeirah Beach Residence (5.64%).
What is interesting about this area,
and why are investors and tenants so into it?
1. Future Growth
Due to the new master plan Dubai 2040, the JVC area is a priority area for the urban planning authorities. Its central location to the World EXPO 2020 and Al Maktoum International Airport is among the main reasons for the uprising interest in the place.
2. Privacy
Despite its proximity to the main attractions, the area is far from crowded tourist routes and all the hustle and bustle of a big city. It is a quiet urban oasis of villas, townhouses, and elegant low-to-mid-rise houses.
3. Transport Accessibility
JVC is located in the heart of New Dubai. Locals can easily access the streets of Mohammed Bin Zayed Road, Barsha Road, and Al Khail Road from here. No traffic jams were found.
It’s perfect for people working in the Dubai Marina, Dubai Internet City, and JLT areas.
Public transport is also very efficient. For example, shopaholics can reach the new Dubai Hills Mall in 10 minutes maх.
4. Family-Friendly Environment
JVC is a quiet area with playgrounds, landscaped parks (more than 30), kindergartens, and schools with a good reputation. For example, JSS International School and Sunmarke School. All this positively affects the choice of future housing for families with children.
5. Large Selection of Accommodation
There is an apartment, villa, or townhouse — for every taste and income. But, of course, apartments are more popular and rent out faster.
6. City within a City
One of the most significant advantages of the area is that all the necessary infrastructure is within walking distance. Supermarkets, parks, restaurants, fitness centers, and swimming pools are located nearby or in your home.
But if local entertainment is not enough, take a short drive, and you will seize all the fun in JBR, Dubai Marina, or Motorcity.
7. Good Sports Opportunities
For golf enthusiasts, Address Montgomerie Golf Club is nearby. Those who prefer to exercise inside can always look into the New Life Fitness Gym. And don’t forget the bike paths and jogging trails that are so popular in the area.
8. Budget-Comfortable Purchase and Rental price
JVC’s reasonable buying and rental prices are among the undeniable advantages of this area.
And, of course, the better, the more trendy, the more technologically advanced your investment object is, the higher the rent will be compared to others. 40% higher. So choose contemporary development!