2 Bedroom Apartment in Sydney Tower, JVC, 21.7% Below Stated Market Price, Rented at AED 100K

Property Overview

This 2-bedroom apartment in Sydney Tower, Jumeirah Village Circle, is offered at AED 1,175,000 with an existing tenant paying AED 100,000 per year. The agent states a market price of AED 1,500,000, placing the asking price AED 325,000 (21.7%) below this benchmark. The apartment spans 1,117 sqft in a ready building completed in 2018.

Property Highlights

• 2-bedroom apartment, 1,117 sqft
• Currently rented at AED 100,000 per year
• Gross rental yield: 8.5% at asking price
• Asking price: AED 1,175,000
• Agent-stated market price: AED 1,500,000
• Reduction: AED 325,000 (21.7% below stated market)
• Rate: AED 1,052 per sqft
• Ready property (completed 2018)

Why This Price Qualifies as Below Market

The agent states a market price of AED 1,500,000 for this unit. The asking price of AED 1,175,000 represents a reduction of AED 325,000, equivalent to 21.7% below the stated market value.

This benchmark is the agent's stated market price and has not been independently verified by DPF through a formal valuation or DLD transaction comparison. Buyers should review recent DLD transaction records for 2-bedroom apartments in Sydney Tower and compare current listings for similar units to confirm the market positioning.

Rental Income and Yield

The apartment is currently tenanted at AED 100,000 per year. At the asking price of AED 1,175,000, this produces a gross rental yield of approximately 8.5%. The agent brief describes the return as approximately 10% ROI; however, the calculated gross yield based on the asking price and stated annual rent is 8.5%. The net yield after service charges, maintenance and any management fees would be lower. Buyers should verify the tenancy contract, rental history and remaining lease term before committing.

About Sydney Tower

Sydney Tower is a 25-storey freehold residential building in District 18 of Jumeirah Village Circle, Dubai. The building was developed by a private developer and completed in 2018. It comprises 158 units including studios and 1 to 3-bedroom apartments. Building amenities include a rooftop swimming pool, steam room, sauna, gymnasium, on-site supermarket and 24-hour front desk service.

About Jumeirah Village Circle

Jumeirah Village Circle is a master-planned community developed by Nakheel in Dubai. The circular community features a mix of apartments, townhouses and villas across multiple districts, with landscaped gardens, parks, retail outlets and community facilities. JVC is known for its affordability relative to other Dubai communities and its central location between Sheikh Mohammed Bin Zayed Road and Al Khail Road.

Location and Connectivity

Sydney Tower sits in District 18 of JVC, approximately 1.5 km from Sheikh Mohammed Bin Zayed Road and 0.5 km from Al Khail Road. Nearby landmarks include Dubai Butterfly Garden, Dubai Miracle Garden and Dubai International Stadium. The area provides road access to Dubai Marina, Downtown Dubai and Business Bay. Buyers should verify specific travel times independently.

Verification Notes

The asking price, unit size, bedroom count, rental income (AED 100,000/yr) and market price benchmark (AED 1,500,000) are sourced from the agent brief received in September 2026. The AED 1,500,000 market benchmark is the agent's stated figure and has not been independently verified by DPF. The savings calculation of AED 325,000 (21.7%) is derived from the difference between the stated market price and the asking price. The gross rental yield of 8.5% is calculated from the asking price and stated annual rent; the agent brief describes the return as approximately 10%, which does not align with the calculated figure. Buyers should independently review DLD transaction records, verify the tenancy contract and rental history, and confirm all figures before committing.