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Reef Residence, JVC

Reef Residence, JVC

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Jumeirah Village Circle (JVC), Dubai

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Strengths

Modern Architectural Design

Proximity to Amenities

Community Facilities

Weakens

Limited Parking Space

Noisy Environment

High Service Charges

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Buildign Overview

Summary

  • Reef Residence is a modern residential building situated in the vibrant Jumeirah Village Circle (JVC) community.
  • Nearby facilities include shopping malls, parks, and dining options, making it a convenient location for residents.
  • The building's strategic location ensures easy access to major highways and public transport, facilitating commutes to Dubai’s business districts.
  • Compared to neighboring properties, Reef Residence offers unique architectural designs and a variety of amenities that enhance the living experience.

Properties Overview

  • Reef Residence features a range of properties for both rent and sale, appealing to various budgets and lifestyles.
  • Popular units typically include one, two, and three-bedroom apartments, with competitive pricing strategies.
  • Rental prices average between AED 40,000 to AED 120,000 annually, while sales prices can range from AED 700,000 to AED 2 million, depending on the unit specifications and size.

Market Trends

  • The property market in JVC has exhibited steady growth, with rents increasing by approximately 5% in the past year.
  • Sales trends show a 10% increase in property values, reflecting a robust demand for residential living in the area.
  • Investors can expect an attractive return on investment (ROI) of around 6-8%, making Reef Residence a favorable choice for both living and investment purposes.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, prestigious schools, and healthcare facilities, including hospitals and clinics.
  • Families appreciate the presence of nurseries and recreational areas for children.

Transportation and Accessibility

  • JVC is well-connected by public transport, including bus routes and taxi services, providing seamless access to surrounding areas.
  • Ample parking options are available for residents and visitors, enhancing convenience.

Lifestyle Amenities

  • Reef Residence boasts numerous lifestyle amenities such as a state-of-the-art gym, swimming pool, recreational areas, and beautifully landscaped gardens.
  • Local dining options and entertainment venues enrich community living, catering to diverse tastes.

Builing Facilities

  • The building is equipped with modern elevators, comprehensive security systems, central air conditioning, and reliable maintenance services.
  • Residents enjoy a friendly and professional concierge service to assist with daily needs.

Special Services

  • Exclusive services include a dedicated business center, guest services, and community events to foster a sense of belonging among residents.
  • Reef Residence aims to create a memorable living experience through their unique amenities and services.

Planning Your Move or Investment

Floor Plans and Property Types

  • Reef Residence offers a diverse selection of floor plans to accommodate different preferences, from spacious apartments to cozy living spaces.
  • Each unit is designed with modern finishes and thoughtful layouts, ensuring maximum comfort and functionality.

Things to Consider

  • Prospective tenants and buyers should evaluate their lifestyle needs, budget, and desired amenities when considering a move to Reef Residence.
  • It's advisable to visit the property and explore the surrounding neighborhood before finalizing any decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents of Reef Residence participate in regular social events, such as community dinners and holiday celebrations, promoting a friendly atmosphere.
  • These gatherings provide opportunities for neighbors to connect and foster a strong sense of community.

Community Identity

  • What sets Reef Residence apart is its blend of luxury and comfort, complemented by an active and engaging lifestyle.
  • The building fosters a welcoming environment with a strong community identity, appealing to both families and young professionals.

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Detailed Buiding Insights

1. Family Friendliness

Reef Residence offers spacious homes and a variety of leisure activities catering to families. The vibrant community events foster a sense of belonging and support among families, making it a great place for children to thrive.

Exceptionally Welcoming

2. Living Options

The living options at Reef Residence include a range of apartments with modern layouts and finishes, appealing to diverse demographics, from singles to larger families, thus ensuring a broad audience.

Diverse and Contemporary

3. Safety And Security

With 24/7 security services, CCTV surveillance, and gated access, safety is a top priority at Reef Residence. Residents appreciate the peace of mind it provides, contributing positively to family dynamics.

Highly Secure

4. Transportation

Reef Residence is well-connected to major road networks and public transport options, facilitating easy commutes to key areas in Dubai. Proximity to metro stations adds to the convenience, particularly for professionals.

Conveniently Accessible

5. Amenities And Facilities

The community boasts a range of amenities including pools, gyms, parks, and shopping facilities. These features cater to both leisure and fitness, enhancing the overall living experience for residents.

Richly Equipped

6. Cost Of Living

While the cost of living is slightly above average in comparison to neighboring areas, the value provided through excellent amenities and community spirit often justifies the pricing for many residents.

Reasonably Balanced

7. Things To Do

The area surrounding Reef Residence offers a plethora of entertainment options, including restaurants, cafes, and recreational facilities, creating a lively atmosphere for both adults and children.

Vibrantly Diverse

8. Noise Levels

Most residents report low noise levels, especially in the evening, allowing for a serene living environment despite being close to lively streets and commercial areas.

Generally Peaceful

9. Pet Friendliness

Reef Residence is pet-friendly with ample green spaces for walking pets, making it suitable for animal lovers. The community encourages responsible pet ownership and has facilities to cater to pets.

Accommodating

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Key Information

Developer: Reef Real Estate

Building Type: Residential

Building Age: 7 years(completed in 2017)

Length: 378

Unit Types : Studio, 1 and 2-bedroom apartments

Floors: 38 floors

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

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