O 2 in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in O 2

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	32	16,209	525,000
1	76	10,700	815,000

Rents in O 2

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	43	1,000	42,667
1	79	866	68,616

The cap rate (rental yield) of investments into O 2 project is 7.7% on average.

The price of an apartment in O 2 is 11,666 AED/sqm on average.

The long term rent of an apartment in O 2 is 899 AED/sqm/year on average.

Price for completed Studio apartment in O 2 is 525,000 AED or 16,209 AED/sqm.
Price for completed 1 bedroom apartment in O 2 is 815,000 AED or 10,700 AED/sqm.

Rent for Studio apartment in O 2 is 42,667 AED or 1,000 AED/sqm.
Rent for 1 bedroom apartment in O 2 is 68,616 AED or 866 AED/sqm.

About O 2

'O 2' in 'Jumeirah Village Circle' area project description

The O2 project in Dubai is a unique and innovative project that seeks to create a sustainable and livable city. The project was launched in 2019 and is a joint venture between the Dubai Electricity and Water Authority (DEWA) and the Dubai Carbon Centre of Excellence (DCCE). The project aims to reduce the city’s carbon footprint by introducing renewable energy sources and green technologies.

The project involves the installation of solar panels on rooftops and other areas of the city, as well as the implementation of energy-efficient lighting systems. The project also includes the installation of smart meters and the development of a smart grid system, which will enable the city to better manage its energy consumption. Additionally, the project will involve the installation of electric vehicle charging stations and the development of an electric bus network.

The O2 project also seeks to improve the quality of life in Dubai by introducing green spaces and parks, as well as promoting sustainable urban development. The project will also involve the development of a green economy, which will create jobs and help to reduce poverty. Additionally, the project will involve the development of a green finance system, which will enable the city to better manage its resources and investments.

The O2 project is an ambitious and innovative project that seeks to create a sustainable and livable city. The project will involve the installation of renewable energy sources and green technologies, as well as the development of a green economy and green finance system. Additionally, the project will involve the development of green spaces and parks, as well as the promotion of sustainable urban development. The project is expected to have a positive impact on the environment, economy, and quality of life in Dubai.

Q&A on O 2

What are the advantages of 'O 2' project in Dubai for property buyers? What are the disadvantages?

1. Increased Transparency: The O2 project in Dubai provides buyers with increased transparency in the real estate market. This includes access to detailed information about the property, such as the size, location, amenities, and any other relevant details.

2. Increased Security: The O2 project in Dubai provides buyers with increased security when purchasing a property. This includes a secure payment system and a secure online portal for buyers to access their documents and information.

3. Increased Efficiency: The O2 project in Dubai provides buyers with increased efficiency when it comes to the buying process. This includes a streamlined process for buyers to submit their documents and receive their approvals quickly.

4. Increased Accessibility: The O2 project in Dubai provides buyers with increased accessibility when it comes to the real estate market. This includes access to a variety of properties and a wide range of services.

5. Increased Support: The O2 project in Dubai provides buyers with increased support when it comes to the buying process. This includes access to a dedicated team of professionals who can provide advice and assistance throughout the process.

What projects are better than 'O 2' project in Dubai which are located close by, and why?

Five key projects that might be considered better than the 'O2' project in Jumeirah Village Circle (JVC) and why:

1. Belgravia by Ellington Properties
- Design and Quality: High-end finishes, modern architecture, and thoughtful layouts.
- Amenities: Resort-style pool, fitness center, yoga studio, and lush landscaped gardens.
- Community Feel: Focus on creating community-centric living with communal spaces and regular events.

2. Laya Residences by Akshara Global
- Features: Spacious apartments with large balconies, stylish interiors, and premium fixtures.
- Lifestyle: Rooftop swimming pool, outdoor cinema, and children's play area.
- Location: Convenient access to major highways and proximity to shopping centers.

3. Reef Residence
- Build Quality: Renowned for robust construction and high-quality materials.
- Facilities: Two swimming pools, fully equipped gym, BBQ deck, and leisure areas.
- Views: Unobstructed views of JVC parks and skyline.

4. Bloom Heights by Bloom Properties
- Versatility: A mix of studios, one-bedroom, and two-bedroom apartments catering to diverse needs.
- Recreational Options: Jogging tracks, multi-purpose hall, and retail outlets within the development.
- Affordability: Competitive pricing for luxury facilities and contemporary design.

5. Ghalia by DAMAC
- Sharia-compliant Living: Fully furnished luxury apartments adhering to Islamic principles.
- Hospitality Services: Housekeeping, room service, and valet parking.
- Investment Potential: High rental yields and strong demand driven by the branded residence model.

Each of these projects stands out due to their unique elements and amenities, coupled with strong developer reputations and strategic locations within JVC.