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Platinum Residence, JVC

Platinum Residence, JVC

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Jumeirah Village Circle (JVC), Dubai

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Strengths

Modern architecture

Excellent amenities

Prime location

Weakens

High maintenance fees

Limited parking space

Noise from nearby construction

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Buildign Overview

Summary

  • Platinum Residence is a modern residential building located in the sought-after Jumeirah Village Circle (JVC) area of Dubai.
  • It is surrounded by essential amenities including grocery stores, cafes, and parks, making it a convenient place for residents.
  • Public transportation options such as buses and the Dubai Metro are easily accessible in the vicinity, enhancing connectivity.
  • Compared to nearby buildings like Diamond Residence and Goldcrest Views, Platinum Residence offers competitive pricing and modern facilities.

Properties Overview

  • The building features a mix of one, two, and three-bedroom apartments, catering to various lifestyle needs.
  • Rental prices typically range from AED 50,000 to AED 120,000 per year, while sale prices can vary between AED 700,000 and AED 2 million based on unit size and floor level.
  • The most popular units are the two-bedroom apartments, known for their spacious layouts and excellent views.

Market Trends

  • In the past year, rental rates in JVC have shown a steady increase, with an average growth of approximately 5%.
  • Sales trends indicate a robust demand, particularly among young professionals and families, leading to a projected ROI of 7-10% for investors.
  • Looking forward, demand is expected to rise as new infrastructure projects are developed in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential services include several supermarkets, schools such as the JSS International School, and healthcare facilities like Mediclinic.
  • The proximity to parks and recreational areas contributes to a vibrant community environment.

Transportation and Accessibility

  • The building enjoys close proximity to major roads, facilitating easy access to key areas like Downtown Dubai and Dubai Marina.
  • Public transportation facilities are within walking distance, and ample parking spaces are available for residents and visitors.

Lifestyle Amenities

  • On-site amenities feature a state-of-the-art gym, swimming pool, and landscaped gardens.
  • Residents can enjoy local dining options and cafes within walking distance, enhancing the live-work-play lifestyle.

Builing Facilities

  • Facilities in Platinum Residence include high-speed elevators, 24-hour security, central air conditioning, and dedicated maintenance services.
  • The building is designed with modern aesthetics combined with practical layouts to maximize living space.

Special Services

  • Exclusive services offered include a concierge service to assist with various needs and guest services for temporary residents.
  • Business centers and meeting rooms provide ideal settings for meetings without leaving the premises.

Planning Your Move or Investment

Floor Plans and Property Types

  • Platinum Residence offers a variety of thoughtfully designed floor plans ranging from cozy studios to spacious three-bedroom apartments.
  • Each apartment is crafted with high-quality finishes and modern amenities to meet contemporary living standards.

Things to Consider

  • Prospective tenants and buyers should consider factors such as budget, community lifestyle, and proximity to work and leisure activities.
  • It’s also vital to assess the long-term investment potential based on market trends.

Useful FAQs and Support

Events and Building Life

Building Events

  • Platinum Residence hosts regular community events such as holiday parties, fitness classes, and movie nights to foster a sense of community among residents.
  • These events encourage social interaction and a vibrant living environment.

Community Identity

  • What sets Platinum Residence apart is its combination of luxurious living with an emphasis on community, creating a welcoming atmosphere.
  • The building is recognized for its modern design and eco-friendly initiatives, aligning with Dubai's vision for sustainable living.

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Detailed Buiding Insights

1. Family Friendliness

The community offers excellent facilities for families, including playgrounds, parks, and family-oriented events that foster a close-knit environment.

Exceptionally Welcoming

2. Living Options

The Platinum Residence features a variety of apartment sizes and layouts, catering to different family sizes and lifestyles, from studios to larger multi-bedroom units.

Diverse and Flexible

3. Safety And Security

With 24/7 security personnel, surveillance cameras, and controlled access points, residents feel secure and supported in their living environment.

Remarkably Secure

4. Transportation

The community is well-connected by public transport and is close to major roadways, making commuting easy for residents.

Conveniently Accessible

5. Amenities And Facilities

Platinum Residence offers a range of amenities, including a fitness center, swimming pool, and communal areas that enhance the quality of life for its residents.

Richly Equipped

6. Cost Of Living

While the living expenses are on the higher side compared to some nearby areas, the value offered in terms of amenities and community quality justifies the costs.

Moderately Priced

7. Things To Do

There are multiple recreational options nearby, including restaurants, shopping centers, and entertainment venues, making it lively and enjoyable for residents.

Vibrantly Diverse

8. Noise Levels

Despite being in a vibrant area, the community is designed to minimize noise, with soundproofing in the apartments and well-maintained gardens.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, offering amenities such as pet parks and easy access to walking trails, making it enjoyable for pet owners.

Warmly Accommodating

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Key Information

Developer:  Naseeb Group

Building Type: Residential

Building Age: 5 years(completed in 2019)

Unit Types : Studio, 1 and 2-bedroom apartments

Floors: 6

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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