Oakley Square Residences is a 4-storey residential building, which is being developed by Ellington Properties and SOL Properties. In fact, it is the twelfth project by Ellington Properties in the vibrant neighbourhood of Jumeirah Village Circle. The upscale development offers 269 units, namely studios and 1–2 bedroom apartments with living areas ranging from 414 sq. ft to 1,518 sq. ft.
Each apartment in Oakley Square Residences will be equipped with a balcony and a powder room, while select 1 and 2-bedroom properties also will feature a study room for the utmost convenience and comfort of their occupants. Not forgetting that there will be 1 parking space designated for each residence, EV charging stations, bicycle parking and 7 elevators available.
The first floor of the upcoming development will house a wide array of leisure and recreational amenities. Residents of Oakley Square Residences will appreciate the following offerings:
The starting cost for a 1-bedroom apartment in this building amounts to AED 850K (USD 231K).
Catch Residences is another lucrative residential option in JVC, which houses a collection of beautifully crafted 1–3 bedroom properties.
As mentioned earlier, Oakley Square Residences is nestled in Jumeirah Village Circle and boasts close proximity to Assel Blvd, Lazuward N E and Bijada Blvd N. It is worth mentioning that there are multiple bus stations to be found within a 10-minute walk from the residential development, such as JVC, Mirabella Villas 6 and JVC, Diamond Views 3, among others.
It will take approximately the same amount of time for potential occupants of Oakley Square Residences to reach a long list of social facilities found below:
Not forgetting the Circle Mall which is accessible nearby, and opened back in April 2021 and has a thumping size of 532,000 sq. ft. Offering the ultimate leisure and shopping experiences, this shopping center houses 80 stores, restaurants and entertainment outlets, in addition to a diverse collection of retailers. That being said, its visitors are treated to a spacious family entertainment center, the first community club in JVC, the region’s first mall rooftop pool and much more.
The completion of Oakley Square Residence is expected to be completed in the second quarter of 2024. When residing here, you will be surrounded by an array of family-oriented amenities and landscaped verdant spaces. It is also worth considering purchasing an apartment in this development to rent it out, since the ROI in Jumeirah Village Circle for 1-bedroom properties has reached 7%, according to Property Finder, as of Q3 2022. The starting price for 1-bedroom apartments, meanwhile, amounts to AED 30K (USD 8K).
Upon handover of Oakley Square Residence, you will become eligible for a 3-year investor visa, with the minimum qualifying amount of AED 750K (USD 205K). This visa can be renewed multiple times and provides family sponsorship, enabling you to bring your family and children to the UAE. You will obtain an Emirates ID, in which you will have the opportunity to open a UAE bank account, apply for a driving license and much more.
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