Spica Residential, JVC

Jumeirah Village Circle (JVC), Dubai

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Strengths

Modern Architecture

Convenient Location

Amenities

Weakens

Noise Levels

Limited Parking

Higher Maintenance Fees

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Strengths

Modern Architecture

The building features contemporary design and high-quality finishes.

Convenient Location

Situated in Jumeirah Village Circle, providing easy access to major highways and amenities.

Amenities

Offers a range of facilities including a gym, pool, and community areas.

Weaknesses

Noise Levels

Can experience high noise levels due to nearby construction and traffic.

Limited Parking

Parking space is limited, which may be inconvenient for residents with multiple vehicles.

Higher Maintenance Fees

Monthly fees may be on the higher side compared to similar properties in the area.

Considerations

Property Value Trends

Evaluate the historical price trends in JVC to assess potential investment returns.

Community Events

Participating in local community events can enhance the living experience.

Future Developments

Be aware of any upcoming developments that may impact the environment and value of the property.

Buildign Overview

Summary

Spica Residential is a contemporary residential building located in the vibrant Jumeirah Village Circle (JVC) area, known for its community-centric design.
The building is strategically positioned near major highways, providing excellent connectivity to Dubai Marina, Downtown Dubai, and other key destinations.
Residents enjoy proximity to various amenities such as parks, shopping centers, and recreational areas, enhancing their living experience.
Compared to other nearby developments, Spica Residential stands out with its modern architecture and well-planned community features.

Properties Overview

The building offers a variety of residential options, including spacious apartments with 1, 2, and 3-bedroom configurations.
Average rental prices range from AED 50,000 to AED 90,000 annually, with competitive pricing compared to similar properties in JVC.
For those looking to purchase, sale prices for units typically start around AED 800,000, appealing to both investors and first-time buyers.
The most sought-after units often feature open layouts and balconies with stunning views, making them desirable choices for renting and buying.

Market Trends

The rental market in JVC has seen steady demand, contributing to a balanced occupancy rate and a modest increase in rental prices over the past year.
Sales trends indicate a growing interest from investors, with a significant ROI of approximately 6-7%, which is attractive in the current real estate climate.
Expectations for the upcoming year are optimistic, with predictions of continued growth in the JVC real estate market as new developments and infrastructure projects are underway.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Residents can find essential services nearby, including supermarkets, schools, and healthcare facilities.
Major grocery chains and multiple schools are within walking distance, ensuring convenience for families.
Additionally, several hospitals and clinics nearby provide accessible healthcare options.

Transportation and Accessibility

Public transportation is easily accessible, with bus stops and taxi services readily available within the community.
Spica Residential also features ample parking spaces for residents and visitors, enhancing accessibility.
Easy access to Sheikh Mohammed Bin Zayed Road ensures quick travel to other parts of Dubai.

Lifestyle Amenities

The building includes fitness facilities, swimming pools, and outdoor recreational spaces that promote an active lifestyle.
Residents can enjoy a range of dining options and cafes located within JVC, catering to various tastes.
Leisure options such as parks, jogging tracks, and community events enhance the social fabric of the area.

Builing Facilities

Spica Residential is equipped with state-of-the-art elevators, ensuring swift access to all floors.
The building maintains a high level of security with 24/7 surveillance and on-site security personnel.
Central air conditioning and maintenance services contribute to a comfortable living environment for residents.

Special Services

Additional amenities include concierge services and guest services, adding a layer of convenience for residents and their visitors.
Business centers available within the building cater to professionals needing office space or meeting rooms.
Unique amenities such as a rooftop terrace provide relaxation areas with stunning views of the cityscape.

Planning Your Move or Investment

Floor Plans and Property Types

Spica Residential boasts multiple floor plans tailored for different lifestyles, accommodating both single professionals and families.
Layouts come with modern finishes and efficient use of space, making them practical yet stylish.

Things to Consider

Prospective tenants and buyers should consider their budget, preferred floor plan, and building amenities when making a decision.
It's also essential to evaluate community guidelines and policies for tenants.

Useful FAQs and Support

Events and Building Life

Building Events

Spica Residential hosts regular community events and social gatherings, fostering neighborly connections and a vibrant community atmosphere.
Events range from seasonal celebrations to fitness challenges, providing opportunities for resident engagement.

Community Identity

The building's modern design and community-focused initiatives create a unique identity, emphasizing comfort and convenience.
Cultural and recreational activities are frequently organized, adding to the community's appeal and lifestyle.

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Detailed Buiding Insights

1. Family Friendliness

The community offers spacious living areas and playgrounds nearby, making it highly suitable for families with children. Additional facilities such as daycare services and family-oriented events contribute to its welcoming atmosphere.

Exceptionally Welcoming

2. Living Options

Spica Residential provides a variety of apartment sizes and styles, catering to different family needs and preferences. The modern architecture and amenities appeal to young professionals and families alike.

Diverse and Modern

3. Safety And Security

The community is equipped with 24/7 security personnel and advanced surveillance systems, providing residents with a safe living environment. The low crime rate in the area further enhances its reputation as a secure place to live.

Remarkably Secure

4. Transportation

Spica Residential is located near key highways and public transportation hubs, allowing for easy access to different parts of the city. Residents have praised the proximity to metro stations and bus stops.

Highly Convenient

5. Amenities And Facilities

The community features modern amenities, including a swimming pool, gym, parks, and communal lounge areas. Residents enjoy a wide range of on-site facilities enhancing their lifestyle and recreational options.

Richly Equipped

6. Cost Of Living

While property prices are on the higher end compared to other neighborhoods, the quality of living, facilities, and safety justifies the cost. Overall, it remains competitive within the market considering its various offerings.

Relatively Balanced

7. Things To Do

There is a large variety of activities and venues in the vicinity, including restaurants, cafes, and parks, providing ample options for entertainment and socializing for all ages and preferences.

Vibrantly Diverse

8. Noise Levels

Most areas within Spica Residential maintain a calm and quiet atmosphere, ideal for relaxation. Occasional noise from nearby roads is minimal and typically not disruptive.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, offering amenities such as parks specifically for dog walking and nearby pet care services. Residents appreciate the policies that embrace pet ownership.

Warmly Accommodating

Schools

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Key Information

Developer: Five Elements Real Estate Development LLC

Building Type: Residential

Building Age: 8 years(Date of completion: 2016)

Length: 125

Unit Types : 1 and 2-bedroom apartments

Floors: 5

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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