G8 Freehold Building in JVC with 99 Units for AED 85M

Property Overview

G8 is a complete freehold residential building in Jumeirah Village Circle (JVC), Dubai, offered as a distress sale at AED 85,000,000. The agent reports 99 units, a built-up area of 98,328 sq ft on a 16,107 sq ft plot, completion in 2019, a swimming pool and gym, and a stated 8% return on investment.

Property Highlights

• Asking price: AED 85,000,000
• Property type: Entire freehold building
• Units: 99 (agent-stated)
• Built-up area: 98,328 sq ft
• Plot size: 16,107 sq ft
• Price per sq ft of BUA: AED 864
• Average price per unit: approximately AED 858,586
• Year built: 2019
• Building amenities: swimming pool and gym
• Agent-stated ROI: 8%
• Location: Jumeirah Village Circle, Dubai

Why the Price Is Presented as a Distress Opportunity

The seller's agent has marketed this building as a distress sale. No original purchase price, DLD transaction or dated market comparison was supplied with the brief, so DPF cannot yet quantify a discount against any benchmark. Buyers should treat the distress label as the agent's description and request supporting evidence, such as recent whole-building sales or valuations in JVC, before relying on it.

Price arithmetic

At AED 85,000,000 across a 98,328 sq ft built-up area, the asking price works out to about AED 864 per sq ft. Spread across 99 units, it averages roughly AED 858,586 per unit. Built-up area normally includes corridors, lobbies and other common areas, so this rate is not directly comparable with the per-sq-ft price of a single apartment.

Income and Return

The agent states an 8% return on investment. Applied to the asking price, 8% would equal roughly AED 6,800,000 a year. The brief does not say whether this is a gross or net figure, what occupancy level it assumes, or how many units are currently leased. A serious buyer should request the current rent roll, Ejari-registered tenancy contracts, vacancy history, and operating and maintenance costs to confirm the return independently.

About Jumeirah Village Circle

Jumeirah Village Circle is a freehold community in Dubai master-developed by Nakheel. It combines mid-rise apartment buildings, townhouses and villas with parks and neighbourhood retail, and it is one of Dubai's most active areas for rental housing, which is a key consideration for whole-building investors.

Acquisition Costs

Dubai Land Department transfer fees are typically 4% of the purchase price. On this asking price, that would be about AED 3,400,000, before registration, trustee and brokerage fees. Confirm the final cost schedule with the conveyancing trustee.

Verification Notes

• Agent-supplied facts: building name, location, BUA, plot size, 99 units, freehold status, 8% ROI, pool and gym, 2019 construction and the asking price.
• DPF-calculated figures: price per sq ft, average price per unit, implied annual income at 8% and the indicative DLD fee.
• Not supplied: developer, exact JVC district, unit mix, occupancy, service and maintenance costs, and any price benchmark.
• Before committing, buyers should request the title deed, building completion certificate, rent roll, tenancy contracts and an independent valuation.