Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
From three-storey townhouses with private lifts to cosy flats with stunning views of Dubai, Jumeirah Village Circle leaves home-hunters spoilt for choice.
Commonly known as JVC, the area is on its way to becoming one of Dubai’s most vibrant communities.
Six years since the first residents moved in, more than 25,000 people now call this family-friendly neighbourhood their home.
As rents have dropped, more have relocated there.
Spread over almost nine square kilometres, JVC was built by Nakheel but a mix of third-party developers are behind the residential structures.
Construction of several more buildings is under way. The completed ones, however, quickly attracted residents.
“This area has become popular among Emiratis and expatriates because of the affordable rents and the varied accommodation and facilities available here,” said Sachin Saxena, sales manager at Azco Real Estate.
“Because there are options of studios to multiple bedrooms in flats and townhouses, you can find singles, young couples, and small and large families living in JVC. Many are renting, but a lot of them are becoming homeowners in this market.”
JVC is part of Nakheel’s Jumeirah Village master plan, which also includes Jumeirah Village Triangle.
People often ask the difference between the two. The latter is more popular for its variety of villas, while JVC is known for its apartments and townhouses.
It is home to Nakheel Villas, which are built in a Mediterranean style and arranged in a circular pattern. It’s an eye-catching view if you’re looking down from a high-rise building.
Location and landmarks near JVC
Neighbouring communities include Jumeirah Village Triangle, Barsha, Barsha South and The Springs.
Residents have three entry and exit points to Dubai’s major motorways and streets – Sheikh Mohamed bin Zayed Road, Al Khail Road and Hessa Street.
Mall of the Emirates and The Dubai Mall are each a 20-minute drive away, while Dubai International Airport and Al Maktoum International Airport are about 40 minutes by car.
Nearby attractions include Dubai Autodrome and Dubai Miracle Garden, which are 10 minutes away.
There are no major landmarks nearby but the location is home to the luxury Five hotel – a 244-metre skyscraper that can be seen from kilometres away.
It sets itself apart from competitors with its 269 infinity pools – one for nearly each room. Guests also have a 360-degree view.
Does JVC have public transport?
Dubai Metro and Dubai Tram do not link up to JVC. Residents and visitors rely mostly on cars, taxis and buses.
Within the community, supermarkets, beauty salons and laundries are in walking distance, as many of the buildings’ ground floors are commercial premises.
Rent prices in JVC
Rents in JVC vary from each building. Some of the older structures have lower rents, while newer ones can be a bit pricier.
But, like nearly all Dubai communities, rents have recently dropped slightly.
The cheapest studio apartment (30 square metres) can be rented for Dh18,000 per year and costs Dh250,000 to buy.
The priciest one in a more modern building (57 sq m) is Dh45,000 per year to rent.
One-bedroom flats start at Dh25,000 and can go up to Dh75,000. Sizes range from 54 sq m to 130 sq m.
Two extra bedrooms cost Dh64,000. And the property value is between Dh340,000 to Dh1.6 million.
Three-bedroom townhouses rent for Dh75,000 per year, but the newer ones with four bedrooms and private lifts cost about Dh140,000 – about the same renting price for independent villas in the area. The sale prices range from Dh1.2m to Dh2.6m.
“People are using this market to upgrade and many people who have been renting here have decided to become homeowners,” said Mr Saxena.
“Developers are offering an attractive three to five-year payment plan to clients, where they can pay 30 per cent at handover and then make flexible payments in that period.”
Facilities at JVC
Apart from a few of the older the buildings, nearly all have their own swimming pools and gymnasium.
Coffee shops and restaurants in the Five hotel are a common hang out for residents.
There are also 30 landscaped parks planned for the district, with 18 completed, and nearly all have children’s play areas and running tracks.
A cycling track is also planned.
Schools and hospitals at JVC
There are plenty of schools and nurseries nearby.
JSS International School, Ladybird Early Learning Centre and Sunmarke School are each about five minutes’ drive away, in neighbouring Jumeirah Village Triangle.
Schools including Nord Anglia International, Gems Al Barsha National, Gems World Academy, Global Indian International and Gems United School can also be found in nearby neighbourhoods.
Medical facilities include Right Health Karama Medical Centre and KMC Jumeirah. There are also five pharmacies.
What shops does JVC have?
There is no shortage of supermarkets and groceries in the area.
Residents can shop at Spinneys, Aswaq, West Zone, Choithrams, smaller grocery shops and mini marts.
Mall of the Emirates and Dubai Mall are a 20-minute drive away. The Circle Mall is the only shopping centre in the district, but has yet to open.
What makes JVC a good community?
People living there enjoy the easy access to shops, entry and exit points and affordable rents.
Mark Quinto, 39, an electrical engineer from the Philippines rents a one-bedroom flat for Dh35,000 per year.
“It’s a nice, quiet, place and everything is accessible – from grocery stores, parks, swimming pool and the gym,” he said.
“I have a car, so I don’t struggle with transportation. Other people who I know here either take the public bus or Uber.
Indian resident Mohammed Arif, 33, has been a JVC resident since 2017.
The sales executive said the community offers “value for money”.
“I live in a two-bedroom and the prices, for me, have been more affordable than other areas. It has all the things we need nearby,” he said.
“There are some people here who are thinking about upgrading to the newer buildings or apartments with more bedrooms. Rents are low right now and I see that those who have been living here prefer to relocate within JVC, instead of moving somewhere else, because of the value for money.”
A version of this article was first published on November 15, 2020
Company profile
Name: The Concept
Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal
Based: Abu Dhabi
Founded: 2017
Number of employees: 7
Sector: Aviation and space industry
Funding: $250,000
Future plans: Looking to raise $1 million investment to boost expansion and develop new products
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Hamilton profile
Age 32
Country United Kingdom
Grands Prix entered 198
Pole positions 67
Wins 57
Podiums 110
Points 2,423
World Championships 3
The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
Company%20Profile
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Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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Killing of Qassem Suleimani
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Sonchiriya
Director: Abhishek Chaubey
Producer: RSVP Movies, Azure Entertainment
Cast: Sushant Singh Rajput, Manoj Bajpayee, Ashutosh Rana, Bhumi Pednekar, Ranvir Shorey
Rating: 3/5
Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
MATCH INFO
BRIGHTON 0
MANCHESTER UNITED 3
McTominay 44'
Mata 73'
Pogba 80'
COMPANY%20PROFILE
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Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
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The specs: 2018 Maserati GranTurismo/GranCabrio
Price, base Dh485,000 (GranTurismo) and Dh575,000 (GranCabrio)
Engine 4.7L V8
Transmission Six-speed automatic
Power 460hp @ 7,000rpm
Torque 520Nm @ 4,750rpm
Fuel economy, combined 14.3L (GranTurismo) and 14.5L (GranCabrio) / 100km
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In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.