Laya Residences in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Laya Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	107	10,254	1,096,667
2	121	12,759	1,550,000

Rents in Laya Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	110	703	77,000

The cap rate (rental yield) of investments into Laya Residences project is 6.4% on average.

The price of an apartment in Laya Residences is 10,942 AED/sqm on average.

The long term rent of an apartment in Laya Residences is 703 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Laya Residences is 1,096,667 AED or 10,254 AED/sqm.
Price for completed 2 bedroom apartment in Laya Residences is 1,550,000 AED or 12,759 AED/sqm.

Rent for 1 bedroom apartment in Laya Residences is 77,000 AED or 703 AED/sqm.

About Laya Residences

'Laya Residences' in 'Jumeirah Village Circle' area project description

Laya Residences is a modern residential development in Jumeirah Village Circle (JVC), Dubai, completed in February 2017 after construction began in June 2015. Developed by Akshara Global Real Estate Development under master developer Nakheel, it comprises 164 units across 5 floors, including 138 one-bedroom apartments and 26 two-bedroom units ranging from 872 to 2,184 square feet.

The architecture emphasizes contemporary design with quality construction suited for modern urban living. A five-storey structure, it features clean lines and functional aesthetics typical of JVC's residential clusters. The layout includes secure basement and open private parking, with residential floors optimized for privacy and convenience, supported by a 24-hour reception and concierge desk.

Residents enjoy premium amenities such as a temperature-controlled rooftop swimming pool, jacuzzi, communal gym with sauna and steam facilities, steam room, walking/running track, communal garden areas with benches and pergolas, children's soft-play area, and rooftop basketball court. Security is comprehensive with 24-hour surveillance, CCTV, and controlled access.

Strategically located in the vibrant JVC community, Laya Residences offers easy access to everyday conveniences, including schools like JSS International School (0.4 km away) and multiple outlets within walking distance. Travel times include 20 minutes to Dubai Mall, 15 minutes to Palm Jumeirah, 16 minutes to Burj Al Arab, 19 minutes to The Walk JBR, 25 minutes to Dubai International Airport (DXB), and 31 minutes to Al Maktoum International Airport. To reach the nearest beaches, such as those on Palm Jumeirah or JBR, drive approximately 15-20 minutes via Al Khail Road or Sheikh Zayed Road, connecting directly to coastal routes.

Nearby projects enhance the area's appeal, including Aces Chateau (50 units, completed December 2017), Plazzo Heights (completed December 2018), Avanos and Florence 1 in Tuscan Residences, Oxford Residence 2 (147 units, completed December 2017), City Apartments (67 units, completed December 2018), Luxury Family Residence 1, Binghatti Mirage (160 units, completed December 2021), and Tuscan Residences (62 units, completed December 2011). These developments form a dense cluster of completed mid-rise residences, fostering a lively, family-oriented neighborhood with parks, retail, and high-rated schools nearby.

Laya Residences stands out in JVC's competitive market for its completed status, extensive amenities, and prime positioning amid ongoing community growth, appealing to those seeking balanced urban living close to Dubai's key landmarks.

Q&A on Laya Residences

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

1. Belgravia by Ellington Properties
- Superior architectural design and high-quality finishes.
- Excellent amenities including a swimming pool, gym, and landscaped gardens.
- Strong reputation for delivering projects on time with attention to detail.

2. BLOOM TOWERS by Bloom Properties
- Modern design with floor-to-ceiling windows offering plenty of natural light and views.
- High-end amenities such as co-working spaces, a fitness center, and a game room.
- Central location within Jumeirah Village Circle, providing easy access to main roads and facilities.

3. FIVE Jumeirah Village Hotel & Residences
- Unique architecture featuring a vertical village of landscaped decks and private swimming pools.
- Luxury lifestyle offerings with state-of-the-art amenities including restaurants, a spa, and a nightclub.
- Excellent track record in hospitality, ensuring top-tier services and maintenance.

4. Signature Livings by Green Group
- Pioneering eco-friendly and sustainable building practices.
- Smart home technologies integrated into the residences.
- Emphasis on wellness with features like organic rooftop gardens and fitness facilities.

5. Reef Residence
- Spacious apartments with high ceilings and large balconies.
- Amenities like a rooftop terrace with a BBQ area, a swimming pool, and a children’s play area.
- Competitive pricing for the quality and size of units offered.

6. Ghalia Constella
- Offers both furnished and unfurnished options, catering to a wider range of buyer preferences.
- Sharia-compliant project, making it attractive to Islamic investors and residents.
- Amenities include a swimming pool, health club, and family-friendly facilities.

7. Signature Villas XIV by Signature Developers
- High-end villas with private elevators and bespoke interior designs.
- Gated community ensuring security and privacy.
- Proximity to parks, making it ideal for families looking for ample outdoor space.

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

- JSS International School
- Sunmarke School
- Gems Founders School
- Nord Anglia International School Dubai
- Arcadia Preparatory School