Concept 7 Residences in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Concept 7 Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	36	19,967	720,000
1	65	16,534	1,082,500

Rents in Concept 7 Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	65	1,285	83,500

The cap rate (rental yield) of investments into Concept 7 Residences project is 7.2% on average.

The price of an apartment in Concept 7 Residences is 17,753 AED/sqm on average.

The long term rent of an apartment in Concept 7 Residences is 1,285 AED/sqm/year on average.

Price for completed Studio apartment in Concept 7 Residences is 720,000 AED or 19,967 AED/sqm.
Price for completed 1 bedroom apartment in Concept 7 Residences is 1,082,500 AED or 16,534 AED/sqm.

Rent for 1 bedroom apartment in Concept 7 Residences is 83,500 AED or 1,285 AED/sqm.

About Concept 7 Residences

'Concept 7 Residences' in 'Jumeirah Village Circle' area project description

'Concept 7 Residences' is an upscale residential development situated in the vibrant Jumeirah Village Circle (JVC) area of Dubai. JVC is one of Dubai's most sought-after master communities, offering a perfect blend of urban and family-friendly living. This meticulously planned development by a reputed developer epitomizes modern luxury and functional design, catering to the diverse needs of its residents.

The project comprises a collection of premium apartments, including studios, one-bedroom, and two-bedroom units. Each residence is designed with a keen eye for detail, ensuring optimal space utilization and contemporary elegance. Interiors feature high-quality finishes, sleek fittings, and large windows that infuse the spaces with natural light, creating an airy and open atmosphere. Kitchens are fitted with state-of-the-art appliances, and bathrooms boast premium fixtures, emphasizing a blend of comfort and luxury.

'Concept 7 Residences' offers a plethora of amenities that cater to a modern lifestyle. Residents can enjoy a well-equipped fitness center, a temperature-controlled swimming pool, and a dedicated children's play area. The development also features beautifully landscaped gardens and communal areas that provide a perfect setting for relaxation and socializing. Additionally, round-the-clock security, concierge services, and secure parking spaces ensure a hassle-free living experience.

The strategic location of 'Concept 7 Residences' within Jumeirah Village Circle adds to its allure. The community is well-connected to major road networks, including Sheikh Mohammed bin Zayed Road and Al Khail Road, making it easy to access key areas of Dubai, such as Downtown Dubai, Dubai Marina, and the Palm Jumeirah. JVC itself is a self-sustained community with a range of facilities including schools, healthcare centers, shopping outlets, and dining options, making everyday living convenient and enjoyable.

Residents of 'Concept 7 Residences' benefit from being part of a vibrant and diverse community. JVC is known for its lush greenery, parks, and outdoor recreational facilities, which foster a healthy and active lifestyle. The community regularly hosts events and activities that bring residents together, creating a sense of belonging and camaraderie.

In conclusion, 'Concept 7 Residences' stands out as a prime residential option in Jumeirah Village Circle, offering luxurious living spaces, modern amenities, and a convenient location. It is an ideal choice for individuals and families seeking a balanced urban lifestyle in one of Dubai's rapidly growing and dynamic communities.

Q&A on Concept 7 Residences

What are the advantages of 'Concept 7 Residences' project in Dubai for property buyers? What are the disadvantages?

Advantages:
1. Prime Location: Situated in Jumeirah Village Circle (JVC), Concept 7 Residences offers close proximity to key Dubai landmarks, highways, and business hubs.
2. Modern Amenities: The project features state-of-the-art facilities such as swimming pools, fitness centers, landscaped gardens, and multi-purpose halls.
3. Affordable Pricing: Compared to other upscale areas in Dubai, properties in JVC often come at more competitive prices while still providing a high standard of living.
4. High ROI Potential: JVC is a rapidly developing community, making it a promising area for property appreciation and rental yields.
5. Family-Friendly Environment: Concept 7 Residences is designed with families in mind, featuring parks, playgrounds, and schools within the vicinity.
6. Community Feel: The area aims to foster a strong community vibe with numerous communal activities and events.
7. Quality Construction: Renowned developers are behind the project, ensuring adherence to high construction standards and modern design principles.

Disadvantages:
1. Traffic Congestion: As JVC develops, traffic congestion during peak hours is an increasing issue, which may impact daily commute times.
2. Construction Noise: Ongoing construction in surrounding areas can lead to noise pollution, disrupting the serene environment.
3. Limited Retail Options: While improving, current retail options within JVC might not yet match those of more established Dubai neighborhoods.
4. Variable View Quality: Depending on the location within the complex, some units may have less attractive views, impacting aesthetic appeal and potentially property value.
5. Public Transport Access: Limited access to public transportation options compared to other parts of Dubai may necessitate the use of private vehicles.
6. Service Charges: High-standard facilities might come with elevated service charges, increasing the overall cost of property ownership.
7. Market Fluctuations: As with any real estate investment, the market can be unpredictable, and changes in the economy can impact property values.

What projects are better than 'Concept 7 Residences' project in Dubai which are located close by, and why?

1. Belgravia Square:
- Architectural Design: Superior modern facade and luxurious interiors designed by Ellington Properties.
- Amenities: High-standard amenities like a fitness center, swimming pool, lounge areas, children's play area, and landscaped gardens.
- Community Feel: Emphasis on fostering a community among residents with plenty of communal spaces.

2. The Square by Tiger Group:
- Affordability: More competitive pricing options for similar-sized units.
- Smart Homes: Integration of smart home technologies for enhanced living.
- Retail Access: Direct access to retail outlets on the ground floor, enhancing convenience for residents.

3. Bloom Heights:
- High-rise Advantage: Offers panoramic views of the city with its high-rise floors.
- Mixed-use Development: Combines residential, retail, and commercial spaces under one roof.
- Sustainability Focus: Energy-efficient building systems and sustainable materials used in construction.

4. Oxford Boulevard:
- Boutique Living: Fewer units per building offering more privacy and exclusive living.
- Quality Finishes: High-quality finishes and fixtures in all units, ensuring a premium feel.
- Health & Wellness: Includes a well-equipped fitness studio and spa facilities.

5. Signature Livings by Green Group:
- Eco-friendly Design: Emphasis on sustainable living with solar panels and water conservation systems.
- Modern Aesthetics: Contemporary designs and high-quality materials throughout the units.
- Green Spaces: Well-maintained gardens and outdoor areas adding to the overall living experience.

6. Park View Tower:
- Prime Location: Closer to central amenities and parks within Jumeirah Village Circle.
- Family Friendliness: Enhanced safety features and recreational areas tailored for families.
- Spacious Layouts: Larger floor plans compared to average units, providing more living space.

7. La Riviera Apartments:
- Exclusive Offers: Regular promotions and flexible payment plans.
- High-end Facilities: Rooftop pool, state-of-the-art gym, and multi-purpose hall.
- Proximity to Key Spots: Strategically located to offer short commutes to schools, pharmacies, and supermarkets.

Comparing these projects mainly focuses on factors such as design quality, amenities offered, community orientation, sustainability, pricing, and location benefits to determine their advantages over 'Concept 7 Residences'.

What are the closest schools to 'Concept 7 Residences' project in Dubai?

- JSS International School: Located in Jumeirah Village Circle itself, this school offers the Indian Certificate of Secondary Education (ICSE) curriculum.

- Nord Anglia International School Dubai: Situated in Al Barsha South, it is easily accessible from Jumeirah Village Circle and follows the British curriculum.

- Sunmarke School: Located in Jumeirah Village Triangle, it offers both the British and IB curricula.

- Arcadia School: Found in Jumeirah Village Triangle, this school provides the British curriculum.

- GEMS Founders School - Al Barsha: Situated in Al Barsha South, it follows the British curriculum.

- Dubai British School: Located in Emirates Hills, it offers the British curriculum and is a short drive from Jumeirah Village Circle.

What are the closest medical clinics to 'Concept 7 Residences' project in Dubai?

1. Karama Medical Centre: Located in Y-12 Building, near JVC Masjid, Jumeirah Village Circle.
2. Apex Medical and Dental Clinics: Found in Prime Business Centre, Jumeirah Village Circle.
3. HealthBay Polyclinic: Situated in O2 Residence, Cluster I, Jumeirah Lake Towers, a short drive from Jumeirah Village Circle.
4. Medicentres Jumeirah Park Pavilion: Located in Jumeirah Park Pavilion, off Al Khail Road, not too far from Jumeirah Village Circle.
5. Mediclinic Parkview Hospital: Positioned on Umm Suqeim Road, close to the intersection with Al Khail Road, easily accessible from Jumeirah Village Circle.