The Alcove
About the project
(sq. ft.)
The Alcove is a six-storey residential complex located in Jumeirah Village Circle, Dubai. The building consists of 78 residential units including studios and one- to two-bedroom apartments, as well as retail stores on the first floor. Commissioned in 2018, the project was developed by Grovy Real Estate Development, and the architectural design was implemented by Next Engineering Consultants.
The complex provides a variety of amenities, including:
- Gym
- Swimming pool
- Children’s playground
- Barbecue area
- Outdoor recreation area
- Underground parking
- Outdoor visitor parking
- Three high-speed passenger elevators and two freight elevators
- 24-hour security and video surveillance
- Lobby with reception area
- Concierge services
Properties range in size from 439 sq. ft (41 sq. m) to 2,066 sq. ft (192 sq. m), and prices range from AED 480,000 (USD 130,700) to AED 1,200,000 (USD 326,700).
Units feature large balconies or terraces, bedrooms with built-in closets, and private bathrooms with modern fixtures and ceramic tiling. Studios and apartments also have fully equipped kitchens with wood cabinets, sinks, and countertops, and some units have pantries and staff accommodations.
*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
- Area from 439 sq. ft.
- Total Amount of Units 78
Location
The Alcove is conveniently located in Jumeirah Village Circle, a family-oriented community with well-developed infrastructure and good transport accessibility. The nearest bus stops, Tuscan Residences, Mirabella Villas 2, and Judi Palace Apartments 1, can be reached within walking distance of the complex, and the First Abu Dhabi Bank and Mall of the Emirates Metro Stations are situated within a 10-minute walk.
Residents can choose from a wide selection of local restaurants, including Ricky Restaurant, which is located on the building’s first floor. Lokmat Baladna, a Lebanese restaurant, can be reached within a five-minute walk of the apartments, and Grosvenor House, a fine dining restaurant, is situated within a 15-minute drive.
For groceries, residents can shop at the Express Cart, which is located on the building’s first floor. Allday Mini Mart and Greens Supermarket can be reached within 10 minutes of the residences.
Residents can take advantage of nearby schools. Smart Start Kindergarten, which follows the American curriculum, is situated within a 10-minute walk of the complex. Dubai Heights Academy, Nord Anglia International School, and GEMS World Academy can be reached within a short drive.
The nearest clinic is Mediclinic Parkview, which provides a wide range of medical services.
For leisure activities, residents can visit Dubai Miracle Garden and the Selfie Kingdom, which are located within a 15-minute drive of the apartments, and sports enthusiasts can go to the nearby cricket stadium.
Payback
Jumeirah Village Circle is a family-friendly neighbourhood that has a well-developed infrastructure, and there are several affordable housing options.
The Alcove offers properties that have a return on investment rate of approximately 6%. Annual rental rates range from AED 26,000 (USD 7,000) to AED 75,000 (USD 20,400), and the estimated payback period for a unit ranges from 15 to 20 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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