Spica Residential
About Spica Residential
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Spica Residential is a five-storey residential development located in Jumeirah Village Circle, District 10, Dubai. The project was developed by Five Elements Real Estate Development LLC and was commissioned in 2016.
There are a total of 125 residential units, including one- to two-bedroom apartments. Units can come furnished or unfurnished. Interiors include built-in wardrobes, balconies, equipped kitchens with appliances, and bathrooms with quality plumbing.
The building provides a variety of amenities and services, including:
- Underground parking with reserved spaces for owners and tenants
- 24-hour security with video surveillance
- Central air conditioning
- Gym
- Indoor swimming pool
- Children’s playground
- Regular maintenance services
- 24-hour concierge services
Apartments range in size from 1,200 sq. ft. to 3,572 sq. ft. and range in price from AED 590,000 (USD 161,000) to AED 1,381,000 (USD 376,000).
*The price is valid for 2021
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Property Information
- Location Jumeirah Village Circle, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR Apartments
- Area from
- Total Amount of Units 125
Location
The nearest public transport stop, Westar La Residencia, is located within a 10-minute walk of the apartments. Dubai International Airport can be reached within a 25-minute drive, and Al Maktoum Airport is situated within a 35-minute drive.
The building is also situated within a 10- to 15-minute drive of several popular destinations, including:
- Dubai International Stadium, a multipurpose stadium that can accommodate more than 25,000 spectators
- Dubai Polo and Equestrian Club, a sports facility offering horse riding lessons and polo competitions
- Dubai Autodrome, the city’s first sports car racing circuit
The complex is located near many social, commercial, and leisure facilities, including:
- The Springs Souk, Mall of the Emirates, and Marina Mall
- Jyoti’s, Greens, and Express Mart
- Socialicious, Lokmat Baladna Restaurant, and Burger Live
- JSS International School, Dubai Schools Al Barsha, Sunmarke School, and GEMS World Academy
- La Familia Medical Center Hospital
- Supercare Pharmacy
- Gators Swimming Academy
- Roohl Park and JVC District 10 Park
Payback
Jumeirah Village Circle is a residential community with many parks, jogging paths, cycling paths, and outdoor recreation areas. Residents have easy access to supermarkets, pharmacies, schools, and entertainment venues.
As a result, local real estate is in demand among tenants and investors. Properties have a return on investment rate that ranges from 6% to 7%, depending on the unit. The annual rental rate for an apartment at Spica Residential ranges from AED 43,000 (USD 12,000) to AED 70,000 (USD 19,000), and investments can be recouped within 15 to 17 years.
*The price is valid for 2021
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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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