The Jumeirah Village Circle Remains A Magnet For Investors And Buyers
Buyers and investors looking to make their finest moves in the market in 2025 have a lot to think about after Dubai real estate saw a record-breaking year.
Industry analysts predict that Jumeirah Village Circle (JVC) will continue to be a popular destination this year due to its vast array of real estate alternatives and appealing residential areas.
In 2024, JVC was the undisputed powerhouse of property transactions, with total sales amounting to Dh16.6 billion, although the area’s success story is not just about numbers. “A unique mix of affordability, connectivity, community living, and strong investment potential makes it a standout choice in Dubai. It fills a gap between high-end, high-cost areas and older, less modern neighborhoods, providing a balanced lifestyle that appeals to a broad spectrum of buyers and investors,” says Firas Al Msaddi, CEO fäm Properties.
With a total sales volume of Dh1.2 billion from 1,183 deals, or Dh1.01 million per transaction, JVC was the best-performing location for ready property developer sales in 2024, according to the most recent data from DXBinteract.
JVC ranked second after Dubai Marina in terms of resale sales volume, with 3,412 transactions totaling Dh3 billion, with an average of Dh879,000 per transaction. “The resale segment, in particular, reflects a significant trend – early investors and developers who acquired land or built properties years ago are now capitalizing on the rising market,” Msaddi said. “These sellers are realizing substantial profits, leveraging the fact that their costs of land and construction four to five years ago were considerably lower than today. This has made JVC a hotspot for transactions and established it as one of the top five performing areas in Dubai,” he added.
JVC is a market leader in off-plan real estate, further demonstrating its dominance in this area. It was the best-performing neighborhood in Dubai for off-plan developer sales in 2024, with 11,234 transactions totaling an astounding Dh11 billion, with an average transaction value of Dh979,500. With 903 transactions totaling Dh1.4 billion, with an average of Dh1.55 million per transaction, JVC was rated second in the resale of off-plan properties, behind Business Bay.
JVC’s popularity and high rankings have been fueled by a variety of causes, according to Msaddi. These consist of:
- Affordability: JVC appeals to a broad spectrum of investors and purchasers due to its competitive ticket pricing across all segments.
- Realization of profits: Because land and construction prices have historically decreased, many property owners and developers are selling their properties now to take advantage of substantial profits.
- Improved offerings: Developers have concentrated on introducing a new generation of properties in JVC that have modern designs, superior facilities and services, and higher quality—elements that have completely changed the region.
- Investor sentiment: As a result of previous investments’ success, JVC is now attracting additional investors who are assured of its track record of returns.
“JVC attracts a diverse range of buyers, families Drawn by affordability and community-oriented living, young professionals seeking accessible price points and modern amenities, and investors attracted by high rental yields, resale potential, and the area’s consistent performance,” Msaddi said.