JVC Commercial Plot with G+16 Allowance and 149,400 sq ft GFA

Property Overview

This commercial plot in Jumeirah Village Circle (JVC) is offered at AED 32,000,000 for an 18,655 sq ft plot with a stated gross floor area (GFA) of 149,400 sq ft and permitted height of G+16. The agent puts the market price at AED 45,000,000, which would make the asking price AED 13,000,000 (28.9%) lower. DPF has not independently verified that market figure.

Property Highlights

• Property type: Commercial plot
• Location: Jumeirah Village Circle (JVC), Dubai
• Plot size: 18,655 sq ft
• GFA: 149,400 sq ft (agent-stated)
• Permitted height: G+16 (agent-stated)
• Asking price: AED 32,000,000
• Agent-stated market price: AED 45,000,000 (unverified)
• Price per sq ft of GFA: approximately AED 214
• Price per sq ft of plot area: approximately AED 1,715

Why the Listing Is Classified as Below Market

The agent compares the asking price of AED 32,000,000 with a market price of AED 45,000,000, a difference of AED 13,000,000 or 28.9%. The brief does not say how the market figure was arrived at, and no dated DLD transactions, valuations or comparable plot sales were supplied, so DPF treats it as the agent's estimate rather than verified market evidence. The seller's original purchase price was not supplied.

Development land in Dubai is commonly compared on price per square foot of buildable GFA. At the stated figures, the asking price works out to roughly AED 214 per sq ft of GFA. Buyers should obtain an independent valuation and recent comparable JVC plot transactions before relying on the below-market description.

Planning and Permitted Use

The agent describes this as a commercial plot with a G+16 height allowance and 149,400 sq ft of GFA. The exact permitted uses (for example office, retail, residential or mixed use), plot coverage, setbacks, parking requirements and any conditions attached to the GFA were not supplied. These should be confirmed from the affection plan, the master developer's planning guidelines and the relevant Dubai authorities before purchase.

About the Community

Jumeirah Village Circle is a mixed residential and commercial community in Dubai. The agent describes the plot as being in a prime location within JVC; the exact position, road frontage and access were not supplied and should be confirmed on the plot and affection plans.

Transfer and Due Diligence

Buyers should confirm the title deed, plot number, any outstanding service charges or master-developer fees, existing approvals or building permits, and any development deadlines attached to the plot. Transfer fees and any master-developer NOC charges should be confirmed before committing.

Verification Notes

• Plot facts (type, location, plot size, GFA, permitted height and asking price) come from the agent brief received on 13 October 2026.
• The AED 45,000,000 market price and prime-location description are the agent's and have not been verified by DPF.
• The price difference and price-per-sq-ft figures are DPF calculations based on those supplied figures.
• No affection plan, original price, valuation, photographs or documents were supplied with this brief.