Belgravia Square
About the project
Belgravia is a residential complex located in the heart of Jumeirah Village Circle. It was developed by Ellington Properties and commissioned in 2020.
Belgravia consists of three five-story buildings totaling 100,000 sq. ft (9,290 sq. m). The complex consists of 225 units with floor plans featuring studios and apartments with one, two, and three bedrooms.
Building amenities include covered parking, high-speed elevators, concierge services, and on-site security. Residents can also enjoy the complex’s private event space, fitness centre, pool table, recreation area, indoor playground, and pools for adults and children.
Property sizes range from 400 sq. ft (37 sq. m) to 2,597 sq. ft (241 sq. m), and the cost of a unit ranges from AED 450,000 (USD 122,500) to AED 2,300,000 (USD 626,000).
*The price is valid for 2021
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Location
Belgravia is located in a well-developed area of Dubia, particularly with regards to its public transportation network. The nearest stops, Shoba Daffodil Apartments 1 and Al Wazzan Tower 1, are located within a three-minute walk of the building, and the Nakheel Metro Station is located within a 15-minute drive.
There are several popular restaurants within walking distance, including:
- Burger Live
- Jeita Restaurant
- Desert Wok Restaurant
- Pide Keyfi Turkish Restaurant
Residents have easy access to a variety of supermarkets within a five-minute drive of the apartments. They include:
- Blue Mart
- New Safestway Supermarket
- Jame Jam Supermarket
Well-known attractions, such as Dubai – Burj Al Arab, Dubai Marina, and Mall of the Emirates, are located within a short distance of the complex. And, the nearest medical centre, Karama Medical Centre, is located within a seven-minute drive or public transportation ride.
By car, families can take advance of local nurseries and schools, including:
- Kids World Nursery (5 min.)
- JSS International School (7 min.)
- Knowledge Park – the University of Manchester, the University of Wollongong in Dubai, and Middlesex University Dubai (14 min.)
Payback
Belgravia’s apartments rank number one in profitability with regards to real estate investments in the Jumeirah Village Circle area. The return on investment rate is approximately 8.5 to 9.5%. The annual rental cost in the complex ranges from AED 60,000 (USD 16,300) to AED 120,000 (USD 32,600), and the investment is projected to see payback within 12 to 15 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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