Loci Residences in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Loci Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	118	15,659	1,850,000
2	187	8,827	1,650,000

Rents in Loci Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	50	1,325	66,667

The cap rate (rental yield) of investments into Loci Residences project is 11.5% on average.

The price of an apartment in Loci Residences is 11,473 AED/sqm on average.

The long term rent of an apartment in Loci Residences is 1,325 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Loci Residences is 1,850,000 AED or 15,659 AED/sqm.
Price for completed 2 bedroom apartment in Loci Residences is 1,650,000 AED or 8,827 AED/sqm.

Rent for Studio apartment in Loci Residences is 66,667 AED or 1,325 AED/sqm.

About Loci Residences

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

Loci Residences is a contemporary residential development situated in the heart of Jumeirah Village Circle (JVC), one of Dubai’s most sought-after and rapidly developing communities. This project is designed to offer a blend of modern architecture, comfort, and luxury while catering to the diverse needs of individuals and families looking for an urban lifestyle with a touch of tranquility.

The architectural design of Loci Residences stands out with its sleek, minimalist lines and expansive glass facades that create a feeling of openness and light. The project comprises a variety of units, including studio apartments, one-bedroom, and two-bedroom configurations, making it suitable for singles, couples, and small families. Each unit is thoughtfully designed to maximize space utilization and is finished to the highest standards, featuring high-quality materials, contemporary fixtures, and modern appliances.

A significant highlight of Loci Residences is its range of amenities, designed to enhance the quality of living for its residents. The development includes a state-of-the-art fitness center equipped with the latest exercise machines, a temperature-controlled swimming pool, and a beautifully landscaped garden. For those who enjoy outdoor activities, there are dedicated jogging and cycling tracks. The project also features shaded seating areas and BBQ zones, perfect for social gatherings and family picnics.

Residents of Loci Residences benefit from the project's strategic location within JVC. The community is known for its serene environment, family-friendly atmosphere, and accessibility to key areas of Dubai. JVC is equipped with numerous parks, schools, healthcare centers, and shopping options. The development's location provides easy access to major highways and public transportation, ensuring that residents can conveniently commute to other parts of the city.

Security and privacy are paramount at Loci Residences, with 24-hour security personnel, advanced CCTV surveillance systems, and secure access to buildings and parking areas. The project also provides ample parking spaces for residents and visitors, ensuring convenience and ease of living.

Additionally, Loci Residences emphasizes sustainability and eco-friendly practices. The development incorporates energy-efficient systems, water conservation measures, and environmentally friendly materials to minimize its carbon footprint. This focus not only contributes to the global sustainability efforts but also ensures reduced utility costs for the residents.

Overall, Loci Residences represents a modern, upscale living option within JVC, blending luxury with functionality and offering an attractive lifestyle proposition for those seeking a balanced urban-suburban living experience in Dubai.

Q&A on Loci Residences

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

Advantages:

1. Strategic Location: Located in Jumeirah Village Circle (JVC), a popular, well-connected residential district.
2. Design and Architecture: Modern and aesthetically pleasing architecture with high-quality finishes.
3. Amenities: Comprehensive range of amenities including a swimming pool, gym, landscaped gardens, and children's play areas.
4. Affordability: Relatively affordable compared to more established areas in Dubai, offering value for money.
5. Community Feel: JVC promotes a family-friendly environment with parks, schools, and retail outlets.
6. Potential for Appreciation: High potential for property value appreciation due to ongoing development in JVC.
7. Flexible Payment Plans: Developers often provide attractive and flexible payment plans.
8. Rental Yield: Competitive rental yields due to demand from young professionals and families.
9. Accessibility: Proximity to major highways, making it easy to reach other parts of Dubai.
10. Future Growth: Continuous infrastructure development and increasing amenities in JVC boost the area's appeal.

Disadvantages:

1. Construction Activity: Ongoing construction can be a nuisance and affect the quality of life.
2. Inconsistent Traffic: Traffic congestion can occur during peak hours due to ongoing development.
3. Distance from City Centre: Some may find it far from central business districts like Downtown Dubai and DIFC.
4. Limited Public Transport: Currently, limited public transportation options compared to more central locations.
5. Oversupply Concerns: Potential for an oversupply of residential units could affect property values.
6. Community Development: Still developing in terms of community facilities and infrastructure compared to more established neighborhoods.
7. Noise Levels: Noise from construction and nearby ongoing projects can be a disturbance.
8. Resale Market: Slower resale market due to the high number of new developments in JVC.
9. Service Charges: Higher service charges for maintenance and upkeep of amenities might be a consideration.
10. Market Volatility: Dubai's real estate market can be volatile, impacting property values.

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

'Belgravia Heights I' offers modern architecture, spacious homes, and a range of amenities such as a fitness center, pool, and garden areas. It is developed by Ellington, known for high-quality finishes and attention to detail, ensuring your investment stands the test of time.

'Bloom Towers' provides a blend of luxury and convenience, featuring state-of-the-art fitness centers, co-working spaces, and retail shops. Developed by Bloom Properties, the towers are designed to cater to a modern lifestyle with an emphasis on comfort and functionality.

'La Riviera Apartments' offer chic and modern living, with large balconies, infinity pools, and well-equipped gyms. Developed by Riviera Group, the focus is on delivering an elevated lifestyle experience with top-notch construction quality.

'Reef Residence' stands out for its panoramic views of the city and lush landscaping. It includes various amenities like a sky-terrace, swimming pools, and retail spaces, designed to provide a balanced living experience.

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

Schools Near 'Loci Residences' in Jumeirah Village Circle:

1. JSS International School
- Location: Al Barsha South Third, Jumeirah Village Circle

2. Sunmarke School
- Location: Jumeirah Village Triangle, Near Al Khail Road, Dubai

3. Nord Anglia International School Dubai
- Location: Al Barsha South, Hessa Street, Dubai

4. GEMS United School
- Location: Dubai Sports City, Dubai

5. Arcadia School
- Location: Jumeirah Village Triangle, Near Al Khail Road, Dubai

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

1. Mediclinic Me'aisem - Located in City Centre Me'aisem, Me'aisem 1.
2. Karama Medical Centre (KMC) - Found in Dubai Production City.
3. Right Health Karama Medical Center - Within Al Barsha South.
4. Aster Clinic, JVC - Located in 'Circle Mall' within Jumeirah Village Circle.
5. Life Medical Clinic, JVC - Also found in Jumeirah Village Circle, Crown Building.