The Plaza Residences, JVC

The Plaza Residences, JVC

HIGHLIGHTS

About The Plaza Residences

Located in District 13 of Jumeirah Village Circle, The Plaza Residences is a Spanish-styled, multi-purpose complex. Being a mixed-use development, the buildings consist of residential as well as retail options. The complex features four buildings, Plaza Block A, Plaza Block B, Plaza Block C and Plaza Block D. Plaza Block B is the tallest with 16 floors. Plaza Block A and C have 10 floors. Plaza Block D is a low-rise tower that consists of 4 storeys. Developed by Sky Overseas Real Estate Development LLC, The Plaza Residences offer freehold properties featuring luxury studios, 1-bed, 2-bed, 3-bed apartments, duplexes, townhouses and retail stores. The building has all the necessary facilities and amenities including covered parking, security, play area for kids, gym, and swimming pool.

The Plaza Residences exterior
The building is located in district 13 of JVC

Jumeirah Village Circle or JVC is an iconic master-development of Nakheel. Ranked as the third most popular spot in Dubai for renting apartments in Bayut’s 2019 Report, the area offers an array of amenities that include retail outlets, shopping malls, sports clubs, parks, restaurants and many other facilities.

IN A NUTSHELL

  • Located in District 13 of Jumeirah Village Circle
  •  Developed by Sky Overseas Real Estate Development LLC
  •  Four building complex offering residential and retail properties
  •  Consists of a high-rise 16-storey building, two 10-storey and one 4-storey tower
  •  Spanish-styled buildings
  •  Features studios and 1, 2, 3-bedroom apartments, townhouses, duplexes and retail stores
  •  Encompasses a large courtyard with landscaped areas and play grounds for children
  •  Situated minutes away from Mall of the Emirates
  •  Close to famous locations like Dubai Sports City, Dubai MediaCity and Dubai Internet City
  •  A self-contained community with medical facilities, retail stores and more

BUILDING DETAILS

Facilities in Plaza Residences JVC

Parking

Residents can park their vehicles in the basement parking in The Plaza Residences, which has 4 storeys while parking for visitors is also available.

Elevators

High-speed elevators are present within the complex for residents to move around without hassle. There is also a platform elevator in The Plaza Residences, JVC that is available for differently-abled people. 

Security, Central Air-Conditioning and Maintenance Services 

The complex has all the latest facilities including CCTV security with staff, advanced security system, intercom and more. For air-conditioning, DEWA provides district cooling supplies to the plaza complex.

Gym and Fitness Facilities 

The complex has a state-of-the-art gymnasium consisting of modern equipment such as bench press, treadmills, incline bench press, dumbbells, Smith machine, and more. The building is provided with a large outdoor swimming pool consisting of different water features. Residents can relax in the Jacuzzi while steam room facilities are also present. 

Lifestyle Amenities

The towers have a large courtyard which makes it possible to have an ideal environment and location for children’s playground. It is a self-contained community so it is completely safe for kids to play outside.

Concierge and Guest Services 

Residents can benefit from 24-hour concierge services accompanied by maintenance staff and maid services. Laundry and waste disposal services are also available. 

Pet-friendly

JVC is a pet-friendly community and so, The Plaza Residences may also have a friendly policy towards pets. However, tenants are suggested to take permission from their landlords before keeping a pet.

Apartment Types in Plaza Residences JVC

This Spanish-styled complex is the complete picture of a friendly, comfortable and safe living. The high-end ceramic tiled floors, modern designing and high-end finishing are what make living in The Plaza Residences apartments a dream for both, renters and investors. You can choose from a variety of luxury units which include studio units, one, two and three-bedroom apartments, duplexes, townhouses.

Studio Apartments in The Plaza Residences

Studio apartments for rent in Plaza Residences JVC are available in coverage areas ranging between 450 sq. ft. and 500 sq. ft. These units have superior quality finishing with a fully equipped kitchen, full bathroom and balcony with the community view.

1-Bedroom Apartments in The Plaza Residences 

The starting coverage area of 1-bedroom apartments in Plaza Residences JVC is 800 sq. ft. which goes up to a 1,000 sq. ft. The average configuration for these units consists of a master bedroom with walk-in closet, a full bathroom with bathtub and shower, laundry room, a living/dining area and a fully furnished kitchen with all the basic electrical appliances. Units may also have an extra bathroom as well.

2-Bedroom Apartments in The Plaza Residences

The typical floor plan based on an average area range between 1,200 sq. ft. and 1,900 sq. ft. feature two bedrooms with attached baths while an additional bathroom may be present next to the laundry room depending on the size and the type of apartment. The living and dining area are incredibly spacious which are next to the kitchen. The spacious balcony will set the perfect tone for the evening’s tea overlooking the large courtyard.

With tile flooring and a marble vanity counter, the 2-bedroom units make for a very attractive choice of residence. High-quality finishing, built-in wardrobes, bathrooms with tubs and a good size closed kitchen is what you can avail in 2-bedroom apartments in Plaza Residences, JVC. 

3-Bedroom Apartments in The Plaza Residences 

These luxury units come in an average coverage area which is usually above 1,900 sq. ft. The floor plan is the same as the rest of the apartment types except the number of bathrooms, which are 4, and the dining/living area is a lot more spacious.

Most Popular Apartment Types in The Plaza Residences

  • Studio
  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%

Based on searches conducted by users on Bayut over the past 6 months

The most popular type of apartments in Plaza Residences JVC is the 1-bedroom units. Following single-bedroom flats are studio apartments while 2-bedroom apartments stand third in the list. Coming in the last place with the least views are 3-bedroom units.

Rental Trends in The Plaza Residences

  • The rental price for studios in Plaza Residences JVC start at AED 32k/year which increases to almost AED 37k/year.
  • Subsequently, the initial price for renting 1-bedroom apartments is around AED 45k/year that can increase up to 72k/year.
  • You can have 2-bedroom flats for rent for a starting yearly price of AED 78k which can go as high as AED 90k/year.

Home seekers who want an ideal home for themselves can look up the available flats for rent in The Plaza Residence, JVC as they are comfortable housing solutions with plenty of amenities located around them. They can also check out other JVC apartments for rent and compare them in terms of conveniences, area coverage, number of rooms and pricing so that they could choose the one that suits them the best.

Sale Trends in The Plaza Residences

Investors who are looking for profitable apartments can pick from a range of apartments for sale in The Plaza Residence, JVC. Along with a central location, the units are well-maintained and comfortable that ensure high market demand and a good return rate. Investors can also look into other apartments for sale in JVC before making a final decision.

Rental Yield in The Plaza Residences

  • Studio
  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%

Based on searches conducted by users on Bayut.com over the past 6 months

According to data from Bayut.com, the best bed-type from an investment point of view in the Plaza Residences are the 2-bedroom units. With an ROI of 8.2%, these units are the best choice for investment. Following 2-bedroom flats are studios with an ROI of 7.9% while 3 and 1-bedroom flats follow suit with 7.6% and 7.4% ROI subsequently.

Service Charges in JVC Plaza Residence

General Fund
PRICE PER SQ. FT.
General Fund
Services
Rate (AED/sq. ft.)
3.4
General Fund
Maintenance
Rate (AED/sq. ft.)
2.72
General Fund
Utility Services
Rate (AED/sq. ft.)
5.27
General Fund
Management Services
Rate (AED/sq. ft.)
1.41
General Fund
Insurance
Rate (AED/sq. ft.)
0.16
General Fund
Master Community
Rate (AED/sq. ft.)
0.2
General Fund
Total Rate
Rate (AED/sq. ft.)
13.16
Adjustments
PRICE PER SQ. FT.
Adjustments
Adjustment
Rate (AED/sq. ft.)
0.5
Adjustments
Total
Rate (AED/sq. ft.)
0.5

*Please note that these service charges are subject to change.

Different areas and buildings have different service charges in Dubai. Home-seekers and investors should look up the Dubai service charges index before making a deal.

NEARBY AMENITIES

Transportation near The Plaza Residences

Plans for an internal tram network are underway for the residents of the complex. This will help the complex in linking to the Dubai Metro in particular. However, for the time being, residents can rely on the following transportation means.

Bus Stops near The Plaza Residences

There are several bus stops located at a distance of 3 to 5-minute drive from JVC Plaza Residence. JVC, Sandoval Lane Apartments Bus Stop, JVC, Shoba Daffodil Apartments Bus Stop and JVC, Samer Park Bus Stop are a 3-minute drive away whereas JVC, Al Wazzan Tower 1 Bus Stop is a 4-minute drive away.

Metro Stations near The Plaza Residences

Dubai Internet City Metro Station is the nearest metro station and it is 15 minutes away. Other metro stations near the building include Nakheel Metro Station and DMCC Metro Station, both of which are located at a distance of  17 minutes.

Tram Stations near The Plaza Residences

It takes 15 minutes to travel to the closest tram station, Al Sufouh Tram Station, via car. Marina Towers Tram Station is reachable within 16 minutes of driving whereas Palm Jumeirah Tram Station is 17 minutes away.

Restaurants near The Plaza Residences

Popular restaurants in Jumeirah Village Circle near JVC Plaza Residence include: 

  • Lokmat Baladna
  • Marmarita Restaurant 
  • Desert Work Restaurant

Plaza Residences is the perfect option for those who love to dine out because a variety of five-star restaurants surrounds the complex. Starting out with some Lebanese food, try the delicious meals at the Lokmat Baladna which is only 1.2 kilometres away, reachable within a 4-minute drive. Other restaurants located at just 3-minute drive offering different varieties of food include Marmarita Restaurant and Desert Work Restaurant. Marmarita is a Syrian restaurant whereas Desert Work has Chinese cuisine. Residents can also visit Al Karya Bakery, Forni Pizza & Manakeesh and Jeita Restaurant. 

Supermarkets near The Plaza Residences

Supermarkets in the area include:

  • West Zone Fresh Supermarket
  • Spinneys
  • Blue Mart

While you will find several stores and supermarkets near JVC Plaza Residence, West Zone Fresh Supermarket is the nearest because it is a minute away from the complex. If you prefer Spinneys then the closest Spinneys market is at a kilometres’ distance, reachable within 3 minutes. Also, Greens Supermarket and Blue Mart are accessible in 4 minutes via driving. These marts can provide shoppers with all sorts of household items, groceries and other daily necessities. 

Tenants can also shop at Cistys, Holiday Minimart, The Express Cart Supermarket, Jyothi’s Supermarket and New Safestway Café & Supermarket

NEARBY BUILDINGS

  • Xanadu Residence 2 - Residential building
  • Park Corner Apartments - Residential building

Xanadu Residence 2 is just a 2-minute drive away whereas Park Corner Apartments is a 3-minute drive from JVC Plaza Residence. Both the buildings are for residential purpose.

Major Landmarks

Nearby landmarks include: 

  • Dubai Butterfly Garden 
  • Balloon Adventures Dubai
  • Dubai Marina Walk

Dubai Butterfly Garden is the world's largest covered butterfly garden with more than 15,000 flying creatures belonging to 50 different species. It is just 11 minutes away from Plaza Residence, JVC Dubai. Balloon Adventures Dubaiis a tourist destination where visitors can take hot-air balloon rides and enjoy the panoramic views of the dessert from a height. It is just 13 minutes away from the building. Dubai Marina Walk is a 7-km long waterfront walkway that and it is spotted with retail outlets and eateries. Residents can walk, shop, eat, jog and even ride a cycle at Dubai Marina Walk. It is reachable within 20 minutes of driving.

THINGS TO CONSIDER

Both, the closest metro station and tram station, are 15 minutes away from the building and so commuters may find limited accessible public transportation. However, the expected internal tram network can resolve this issue efficiently. For now, occupants can rely on ride-hailing apps and public buses for comfortable travelling around Plaza Residence, JVC Dubai.
Are you looking to buy or rent apartments in Plaza Residence, JVC Dubai?

RATINGS & REVIEWS

Be the first to review this Building! Share your thoughts with others.

Share on whatsapp