Latest news with #JVT
Zawya
6 days ago
- Business
- Zawya
SOL Properties unveils $272mln mixed-use development in JVT
SOL Properties, a leading real estate company in the UAE, has announced the launch of its new mixed-use project - SOL Levante - located at Jumeirah Village Triangle (JVT) in Dubai. The AED1 billion ($272 million) development spans a U-shaped tower with four Grade A office podium levels offering 100,000 sq ft of office space, along with 50,000 sq ft of retail space and 20 residential floors. Slated for completion in Q3 2028, SOL Levante will feature 600 residential units, including studios, one- to three-bedroom apartments. Studio prices start from AED736,000 ($200,381) onwards. According to SOL, the tower's U-shaped design maximises natural light and creates a seamless indoor–outdoor living experience. A 50,000 sq ft podium of the building hosts world-class amenities. Residents will enjoy a temperature-controlled adult pool and separate kids' pool, an indoor gym and outdoor fitness zones, Padel Tennis, plus an outdoor cinema and mini‑golf course for recreation. Social and leisure facilities include a jacuzzi, BBQ and dining areas, a pet park, sunken gardens and children's playroom, as well as co-working spaces and event rooms to foster community life. On the new project, Ajay Bhatia, CEO of SOL Properties, said: "SOL Levante will provide residents with an exceptional lifestyle, combining tranquillity, convenience, and connectivity to major road networks, Al Maktoum International Airport, and the upcoming Blue & Purple Line Metro. JVT is rapidly becoming one of Dubai's most sought-after locations, with continuous development and enhanced infrastructure adding value for both residents and investors." "This reinforces the confidence of end users and investors in securing some of the highest rental returns in the city, reaching up to 9% annually," he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Entrepreneur
7 days ago
- Business
- Entrepreneur
Jumeirah Village Triangle Attracts New Development Amid Strong 9% Yields
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Jumeirah Village Triangle (JVT) has recently seen robust growth in rents and investment returns. In 2024, apartment rentals in JVT jumped by over 20% year-on-year, and gross rental yields for studio and 1‑bed apartments are around 9%. This high-yielding environment, along with ongoing infrastructure and community upgrades, has made JVT increasingly attractive to both tenants and investors. The area is also expected to benefit significantly from Dubai's 2040 Urban Master Plan, with the upcoming Blue & Purple Line metro extension set to increase connectivity and further enhance accessibility to and from JVT. SOL Properties has launched its latest mixed-use development – SOL Levante – in JVT to capitalize on these trends. The AED 1 billion development spans a U-shaped tower with four Grade A office podium levels offering approximately 100,000 sq ft of office space, along with 50,000 sq ft of retail space, and 20 residential floors. Slated for completion in Q3 2028, SOL Levante will feature 600 residential units, including studios, one-bedroom, up to three-bedroom apartments. Studio prices start from AED 736,000. The tower's U-shaped design maximises natural light and creates a seamless indoor–outdoor living experience. A 50,000 sq ft podium of the building hosts world-class amenities. Residents will enjoy a temperature-controlled adult pool and separate kids' pool, an indoor gym and outdoor fitness zones, Padel tennis, plus an outdoor cinema and mini‑golf course for recreation. Social and leisure facilities include a jacuzzi, BBQ and dining areas, a pet park, sunken gardens and children's playroom, as well as co-working spaces and event rooms to foster community life. Ajay Bhatia, CEO of SOL Properties, said, "SOL Levante will provide residents with an exceptional lifestyle, combining tranquillity, convenience, and connectivity to major road networks, Al Maktoum International Airport, and the upcoming Blue & Purple Line Metro." He notes that "Jumeirah Village Triangle is rapidly becoming one of Dubai's most sought-after locations, with continuous development and enhanced infrastructure adding value for both residents and investors. This reinforces the confidence of end users and investors in securing some of the highest rental returns in the city, reaching up to 9% annually." The launch of SOL Levante comes amid a buoyant Dubai market. City-wide data show that Q1 2025 saw median apartment asking prices in Dubai rise by about 12% year-on-year, underscoring strong buyer appetite. In this context, SOL Levante's sub-AED 736,000 entry price for studios and extensive amenities aim to meet the city's demand for modern yet affordable residences. With SOL Properties' 50-year track record (over 250 projects) and a focus on wellness and design, SOL Levante is positioned to make an impact in JVT's evolving real estate landscape.
The National
27-07-2025
- Business
- The National
My Dubai Rent: Entrepreneur pays Dh200k for JVT apartment after 20 years in UAE
My Dubai Rent takes you inside a reader's home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don't like Business owner Rebecca Rees has spent almost 20 years in Dubai and lived in at least eight rental properties in that time. While she loved her last property, a town house in Jumeirah Village Triangle that she rented for a decade, a landlord dispute led her to move out. Now, still in JVT, she rents a large three-bedroom apartment that's both her home and office – and has no plans to buy or move in the foreseeable future. The National takes a look around. Where else have you lived in Dubai? I've lived in at least eight properties. I got into this habit that, until 2014, I moved pretty much every year. Sometimes because rents came down massively and I could upgrade. In 2014, I moved to a town house just down the road in JVT, which I stayed in for 10 years. I absolutely loved it, but for various reasons, two years ago, I moved here. Tell us about the property you're in now It's an apartment, so very different, but still in JVT. It wasn't an easy decision, until I saw it. I wouldn't have considered an apartment, because I had dogs, and they were used to the garden. Both of those dogs have passed away now, so I took the decision to come here. I love the space. I love the size. It's a three-bedroom. I work at home, so the third bedroom is my office. I've now got a proper second bedroom, which is basically for the parents when they come. It's very, very modern. There were maintenance issues starting to creep in when I was in the villa. It just became so much hassle and, I thought, I just want an easier life. How much do you pay in rent? Just shy of Dh200,000. It's considerably more than I was paying for the town house. When I left there, my rent was Dh120,000 and the reason I was paying so little is because I'd been there so long, so I was getting a very good deal there. It's not cheap, but the flip side is I work at home, so I don't have commuting costs. And if this was a two-bed in the Marina or somewhere, it would be a lot more money. It's all relative. What facilities do you have? It's got beautiful facilities. It's got a pool, which I never had in the town house. It's got a beautiful gym. It's got a residents' lounge, which is really handy for remote working. I mean, it's just me living here, so noise isn't a problem, but if you are a family and there are kids running around, I'm sure I'd want to escape to these little private offices they've got in the building for people who work remotely. There's a pool table, there's a library. There's also a dog park on site. It's dog friendly. It's like a hotel without the on-site dining. That's the best way to describe it. The security team are amazing and I like the fact that it's seven floors of accommodation. So it's not high rise. It's a genuine, small community of people. Most people who live here are owners, so as a result, it's very much taken care of, really well appointed. Why did you choose this neighbourhood? I can walk across the sand to the Springs. It takes me 10 minutes. I drive to Spinneys in the Meadows. It takes me 10 minutes to get on to Al Khail Road. There was a time, years ago, that JVT was considered remote and inaccessible. But now, it's very, very well positioned. I love it. I wouldn't want to be down in the Marina or somewhere. It's too touristy and hectic for me. You do get a few tourists here now, but nothing like you would in the other areas. What else is around you? In the immediate area, there are a couple of other buildings. It's residential around me. There are padel and tennis courts nearby. There are lots of convenience stores and pharmacies. There are a couple of hotels, which have got restaurants, so there's a Movenpick and a new one called Hotel Local right opposite me. How have you made the apartment feel like home? I haven't bought much in the way of new furniture. In fact, because the town house I had was very large, I did actually offload quite a bit of furniture. I've invested in new couches. I wanted a different feel here, so nice white leather. It's really bright. I've painted some accent walls. I had curtains fitted, added rugs. I've changed the dining table as well. Is there anything you'd change about this place? I miss having a garden, but I can't change that. I'm currently planning a bit of design out on the balcony. It's a very long balcony, it runs the length of the house, but it's narrow, so you can't do a lot with it. I'm just currently thinking I'll put some plant pots out there, and maybe put some fake grass down to make it more of a garden. Why don't you want to buy a property? I should have bought being here so long but I think, for me, like a lot of expats, you sometimes don't know how long you're going to be here. My original plan was to come for a year, but, yeah, how's that working out? So, I kept saying, I'll give it another year … I think, really, I don't want the commitment, and if I suddenly did have to go, I can just go. How long do you think you'll be in this property for? Well, I've no intention of leaving. Put it that way. The landlord is lovely. I'm very, very happy here. I've no plans to leave Dubai at all. I mean, one day I will, but at the moment I have no plans to leave. I don't know what's going to happen with rents. There are hints that rents are going to start to come down, maybe stabilise a bit, which would obviously be welcome news for everyone. But I'm prepared mentally and financially to stay here.
Web Release
12-05-2025
- Business
- Web Release
Object 1 reports 220% sales value growth in Q1 2025 as Dubai real estate continues upward momentum
By Editor_wr On May 12, 2025 Object 1 has announced a robust start to the year, with sales value surging by 220% and sales volume increasing by 140% in Q1 2025 compared to the same period in 2024, according to Dubai Land Department (DLD) data, including resales. The company strengthened its position as a key player in the Jumeirah Village Triangle (JVT) and Jumeirah Village Circle (JVC) districts, while also expanding its presence to Jumeirah Garden City, where it secured the second position by number of initial sales. These results reflect Object 1's growing focus on premium residential developments that combine smart living features, sustainable design, and high-end amenities tailored to discerning buyers. This momentum comes amid a thriving Dubai real estate market, which recorded a total transaction value of AED 142.7 billion in Q1 2025. Object 1's active pipeline includes 13 projects currently on sale, with a further 9 in design and development across key areas such as JVC, JVT, Dubai Land Residence Complex, Al Furjan, Jumeirah Garden City, and Dubai Sports City. Notably, EVERGR1N HOUSE — a sustainable, biophilic residential concept — sold out within a month, prompting the launch of its sequel, EVERGR1N 2. 'Our exceptional Q1 results are a clear reflection of the market's trust in Object 1 and our commitment to delivering high-quality, future-ready homes,' said Tatiana Tonu, CEO of Object 1. 'The 220% increase in sales value underscores the growing appetite for thoughtfully designed, tech-integrated properties across Dubai. With 13 already launched projects and nine more in the design and development stage, we are focused on expanding our footprint in key communities and continuing to shape urban living through innovation, efficiency, and strong investor value. We also look forward to extending our presence to other emirates, bringing our vision of modern living to a wider regional audience.' The company's performance aligns closely with broader market dynamics, including increasing demand for off-plan properties, which accounted for 63% of residential sales in 2024. Investors and end-users alike are prioritising properties with green spaces, smart home features, and efficient layouts. Locations such as JVC and JVT remain in demand for studios and one-bedroom units targeting investors, looking for rental returns, while Al Furjan and Dubailand Residence are preferred by end-users seeking two- and three-bedroom homes. According to DXB Interact , JVC emerged as the top-performing district by volume in Q1 of 2025, with over AED 4.5 billion in transactions, reinforcing the growing appeal of well-connected, community-focused developments. Object 1's buyer base continues to be led by international investors, with Q1 2025 sales dominated by buyers from India, China, the United Kingdom and more. The company remains focused on strengthening its offering in this segment, supported by investor-friendly pricing and long-term growth potential in Dubai and beyond. As part of its 2025 strategy, Object 1 will expand into Abu Dhabi with the opening of a new sales office and plans to launch premium residential developments in key locations. With sustained demand expected for high-quality, well-located properties, Object 1 is set to continue its upward trajectory through Q2 and beyond, reinforcing its position as one of the fastest-growing developers in the UAE real estate landscape. Comments are closed.
