Concept 7
About Concept 7
(sq. ft.)
Concept 7 is a 46-storey residential complex by Condor Group. The new complex will be located in Jumeirah Village Circle (JVC), in Dubai and is scheduled for completion in December 2024. It will consist of studios, 1-bedroom and 2-bedroom apartments, ranging in size from approximately 400 sq. ft to 1,600 sq. ft.
The residences will come with sleekly designed kitchens, where stream-lined cabinets meet high-quality countertops and all appliances are masterfully hidden. Bathrooms are equipped with modern sanitaryware and provide a serene atmosphere for the residents. Sleek, fitted wardrobes keep the bedrooms well-organized and tidy. Most apartments at Concept 7 have a balcony or terrace, providing views of either the Dubai skyline or the desert.
Another exceptional feature of the complex is that it will be one of only a few residential buildings that not only are pet-friendly, but even provide a separate play area for pets.
All residents will have access to the following amenities:
- Gym and yoga studio
- Adult and children’s swimming pool
- Sauna and steam rooms
- Business center
- Coffee shop
- Smart home system
- Lobby with 24-hour security
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Property Prices
As of June 2023, the cost of a 1-bedroom apartment in Concept 7 starts at AED 784K (USD 213K).
*The price is valid for 2023
Property Information
- Location Jumeirah Village Circle, Dubai, UAE
- Status of Project In process
- Type of Project Residential Building
- Units Studios-2BR Apartments
- Area from 400 sq. ft.
- Payment Plan 70/30
Floor Plans of Concept 7
Apartment
Type:
Studio
Total Area:
485 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
1 Bedroom
Total Area:
717 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
2 Bedrooms
Total Area:
1,148 sq. ft.
Starting Price:
Ask for Price
Location
The Concept 7 complex is strategically located in Jumeirah Village Circle (JVC), in Dubai, along Sheikh Zayed Road. As of Q2 2023, there are 18 completed parks in the area with running tracks and playgrounds, and another 12 to be built, so residents can count on greenery, open spaces, and being close to nature right at their doorstep. The complex is surrounded by all the necessary infrastructure including schools, kindergartens, shopping centers, business districts, beaches, hospitals, nightlife, F&B establishments and much more.
Some examples of nearby facilities are are follows:
- Shops: Circle Mall, Star Mart Supermarket, Nesto Hypermarket;
- F&B: Qalat Albann Coffee Shop, Tasty Burger;
- Medical: Life Pharmacy, Magnum Family Medical Center;
- Educational: Arcadia School, Nord Anglia International School Dubai, American
- School of Dubai, Delhi Private School Dubai;
Within a 30-minute driving radius you can reach Dubai Marina, Palm Jumeirah, Downtown Dubai, Al Maktoum International Airport, and Dubai International Airport. A few other special mentions include Mall of the Emirates and Burj Khalifa that are reachable in 25 minutes or less.
Economic Appeal
Residents of Concept 7 will enjoy unrestricted access to all the amenities in Jumeirah VIllage Circle. These include a dog park, nurseries, educational and medical facilities, parks, restaurants and more. The complex is also in close proximity to Business Bay, making it very attractive to those who want an affordable property with easy access to well-developed infrastructure and leading commercial hubs.
As of Q2 2023, the average yearly rental price for 1-bedroom apartments in Jumeirah Village Circle is AED 48K (USD 13K). Considering that this type of property is one of the most sought-after in the area, investors can expect high ROIs of 7 % or more. The property can also be resold later, generating a profit for the seller.
If you invest at least AED 750K (USD 204K) in real estate in Concept 7, you can obtain a 2-year investor visa. If the property value is at or above AED 2M (USD 545K), then you will become eligible for a 10-year Golden Visa that includes family members and domestic staff as well.
*The price is valid for 2023
FAQ
The developer of Concept 7 is Condor Group.
Concept 7 is located in Jumeirah Village Circle (JVC), in Dubai.
The units currently on offer are studios, 1-bedroom and 2-bedroom apartments.
Concept 7 is scheduled for completion in December 2024.
There is a 70/30 payment plan available.
As of June 2023, the cost of a 1-bedroom apartment in Concept 7 starts at AED 784K (USD 213K).
Yes, you can become a resident of the UAE upon acquiring property in the complex. The length of the visa’s validity depends on the unit cost.
By purchasing a property valued at AED 750K (USD 204K) and above, you are eligible for a 2-year visa that can be prolonged as needed. You would be eligible for a 10-year Golden Visa with a minimum purchase of AED 2M (USD 545K).
Yes, foreigners can become full property owners as the complex is located in a freehold zone.
Yes, the average yearly rental price for 1-bedroom apartments in Jumeirah Village Circle as of Q2 2023 is AED 48K (USD 13K), and investors can expect high ROIs of 7 % or more.
Yes, Concept 7 is an ideal place to live as it is in a family-friendly and pet-friendly community, with direct access to all types of social infrastructure including a dog park, nurseries, supermarkets, beauty salons and more.
Jumeirah Village Circle has excellent connectivity and all the social infrastructure single people, entrepreneurs, families with children, and pet owners could need. It is situated just 15-20 minutes from Al Maktoum International Airport and half an hour from Dubai International airport. Just a few minutes’ walk or drive can take residents to a number of restaurants, bars, educational and medical facilities, parks, metro or bus stops, and nearby neighborhoods.
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+971 4 428 6151
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Internet City, Dubai, UAE
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