Distress Sale: Fully Paid High-Floor Studio in Binghatti Ruby, JVC, Dubai

9.63% Below OP | Fully Paid | 365 Sqft | High Floor | Balcony | AED 610,000

This is a motivated seller distress listing for a fully paid high-floor studio apartment in Binghatti Ruby by Binghatti Developers, JVC District 16, Jumeirah Village Circle, Dubai, UAE. The seller’s original purchase price was AED 675,000. The distress selling price is AED 610,000 — a direct saving of AED 65,000 (9.63%) below the original price. Including the 4% DLD the seller paid at Oqood registration (~AED 27,000), the buyer saves approximately AED 92,000 (12.0%) versus the seller’s total all-in cost of approximately AED 702,000. The most important feature of this listing beyond the discount: the unit is fully paid — the seller has settled 100% of the purchase price with Binghatti Developers. There are zero outstanding construction installments, zero financial obligations, and zero payment risk for the buyer. The SPA transfers clean, fully settled, with no encumbrances or deferred amounts. At 365 sq ft on a high floor of Binghatti Ruby with a private balcony, premium marble, natural wood, and porcelain tile finishes, floor-to-ceiling windows, and a built-in kitchen with appliances, this is the optimal entry into one of Binghatti’s most architecturally distinctive JVC towers. Handover Q4 2026.

Property Highlights

• Project: Binghatti Ruby
• Developer: Binghatti Developers (Binghatti Developers FZE)
• Community: JVC District 16, Jumeirah Village Circle, Dubai
• Unit Type: Studio Apartment
• Size: 365 sq ft
• Floor: High Floor (exact floor available on request)
• Balcony: Yes — private balcony (all Binghatti Ruby studios include balcony)
• Windows: Floor-to-ceiling panoramic windows
• High Ceilings: Yes
• Kitchen: Built-in with appliances (fully fitted as standard)
• Finishes: Marble, natural wood veneer, and porcelain tiles throughout
• Air Conditioning: Yes — central air conditioning
• Parking: Covered indoor parking (basement)
• Payment Status: FULLY PAID — 100% settled. Zero outstanding installments.
• Handover: Q4 2026
• Original Purchase Price (OP): AED 675,000
• Seller’s 4% DLD: ~AED 27,000
• Seller’s Total Entry (OP+DLD): ~AED 702,000
• Distress Selling Price: AED 610,000
• Saving vs OP: AED 65,000 (9.63%)
• Saving vs OP+DLD: ~AED 92,000 (~12.0%)
• Entry Price per Sqft: AED 1,671/sqft
• Projected ROI (JVC Studios): 7.0–8.5%
• Ownership: Freehold — available to all nationalities
• Status: Off-Plan | Under Construction | Fully Paid

About Binghatti Ruby

Binghatti Ruby is a luxury residential development by Binghatti Developers FZE — one of Dubai’s most prolific and award-winning real estate developers, recognised for their distinctive architectural signature, high construction quality, and consistent on-time delivery record. Located in JVC District 16, Binghatti Ruby offers studios, 1, 2, and 3-bedroom apartments, plus 45 office units and 10 retail units, with handover targeted for Q4 2026. The building’s exterior design is inspired by the ruby gemstone — a sleek, streamlined structure that captures the jewel’s characteristic brilliance and fire through its facades. Interiors feature premium materials including marble surfaces, natural wood veneer cabinetry, and porcelain tile flooring — a specification typically associated with buildings at a significantly higher price point. Floor-to-ceiling windows flood every unit with natural light. All studios include a private balcony. Select higher-floor units feature a private plunge pool on the balcony — an architectural signature unique to Binghatti Ruby within the JVC studio market. The architectural consultant is Silver Stone Engineering Consultants. Main construction is being carried out by Granada Europe Engineering Contracting Company. Construction commenced Q1 2025 with handover targeted Q4 2026.

Community and Lifestyle

• JVC (Jumeirah Village Circle) is Dubai’s most actively transacted residential community — the #1 community by transaction volume in 2024 according to DLD data, reflecting depth of demand, liquidity, and investment confidence
• Circle Mall — JVC’s flagship retail, dining, and entertainment destination — is under 1 km from Binghatti Ruby, offering a Carrefour, VOX Cinemas, 235+ shops, F&B, and a rooftop club within walking distance
• FIVE Jumeirah Village Hotel is within JVC — 5-star rooftop pool, multiple dining concepts, and nightlife accessible from the building
• JVC District 16 offers excellent highway access: Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311) are both within 2–3 minutes
• Dubai Hills Mall is approximately 6 minutes by car; Burj Khalifa and Downtown Dubai approximately 17 minutes; Dubai Marina approximately 18 minutes; Dubai International Airport approximately 24–27 minutes
• JVC studios achieve gross rental yields of 7.0–8.5% — among the strongest yields for any unit type in any community in Dubai — underpinned by sustained demand from the young professional and small-business community working in the JLT, Media City, and Internet City corridor
• The JVC area is home to 30+ landscaped parks and green spaces, schools, nurseries, clinics, and a supermarket network serving daily needs without leaving the community

Amenities

• Adult swimming pool
• Children’s pool
• Jacuzzi
• Sunbathing deck with loungers
• Indoor and outdoor fitness centre
• Jogging track
• Yoga and wellness studio
• Kids’ play area
• Leisure deck and seating areas
• BBQ and picnic areas
• Landscaped gardens
• Communal social spaces
• Retail outlets at ground floor
• Restaurant and dining within building
• Covered indoor basement parking
• 24-hour security
• High-speed elevators
• Select units: private plunge pool on balcony
• Circle Mall (<1 km): Carrefour, VOX Cinemas, 235+ shops
• FIVE JV Hotel (within JVC): 5-star pool, dining, nightlife

Layout and Specification

Binghatti Ruby studio apartments range from 362 to 366 sq ft. This unit is 365 sq ft on a high floor with a private balcony. The open-plan studio layout combines the sleeping, living, and dining areas in a single well-proportioned space with floor-to-ceiling windows that maximise natural light and deliver elevated views of JVC and the wider Dubai skyline from a high floor. The kitchen is fully fitted with built-in appliances as standard — requiring no additional investment from the buyer. Premium finishes include marble flooring and wall surfaces, natural wood veneer in the kitchen cabinetry and joinery, and porcelain tiles throughout the wet areas. High ceilings add to the sense of volume and space in the open-plan layout. The private balcony extends the living area outdoors — at a high floor in Binghatti Ruby, the balcony delivers elevated community and skyline views. Central air conditioning is installed as standard. The exact floor level, balcony orientation, and unit-specific details are available on request quoting reference BRUB-JVC-STU-365-HF-001.

Why Fully Paid Matters

The fully paid status of this unit is one of its most significant and commercially valuable attributes — and is rarely highlighted clearly enough in distress listings. Here is what it means for the buyer. In a standard off-plan SPA assignment, the buyer assumes the seller’s outstanding installment obligations — meaning on top of the assignment costs (DLD + trustee + agency), the buyer must also continue making construction payment installments to the developer according to the original schedule. In this case, the seller has already paid 100% of the purchase price to Binghatti Developers. There are zero outstanding installments. The buyer pays only the distress selling price of AED 610,000 (or less the applicable assignment costs) and assumes no further construction payment obligations whatsoever. The unit transfers with a fully settled SPA — clean, complete, with no deferred amounts. This means: zero cash flow risk from construction delays on installment timing; no need to monitor or budget for future installments; and a straightforward, single-payment acquisition of a fully paid high-floor studio in one of JVC’s best-specified current towers. The buyer’s total outlay is the AED 610,000 distress price plus the AED 24,400 DLD (4%) + trustee (~AED 4,200) + agency ~2% (~AED 12,200) = approximately AED 650,800 all-in — and nothing further.

Acquisition Costs

On assignment: DLD 4% (~AED 24,400 on AED 610,000) + trustee fee (~AED 4,200) + buyer agency ~2% (~AED 12,200). Total all-in: approximately AED 650,800. No outstanding installment obligations. No further construction payments. This is the buyer’s complete financial commitment. Mortgage financing can apply at the ready market stage — contact our team for guidance on bank pre-approval for the post-handover (Q4 2026) phase.

Location and Connectivity

• Circle Mall (JVC): under 1 km — Carrefour, VOX Cinemas, 235+ shops
• Al Khail Road (E44): approximately 2 minutes by car
• Sheikh Mohammed Bin Zayed Road (E311): approximately 2–3 minutes
• Dubai Hills Mall: approximately 6 minutes by car
• FIVE Jumeirah Village Hotel: within JVC community
• Burj Khalifa / Downtown Dubai: approximately 17 minutes by car
• Dubai Marina / JBR: approximately 18 minutes by car
• Palm Jumeirah: approximately 16 minutes by car
• Mall of the Emirates: approximately 14 minutes by car
• Dubai International Airport (DXB): approximately 24–27 minutes by car
• Al Maktoum International Airport (DWC): approximately 29 minutes by car
• Dubai Miracle Garden: approximately 10 minutes by car
• JSS International School: within JVC

Why Buy This Binghatti Ruby Studio Now

• 9.63% below OP — AED 65,000 saving, ~12% below OP+DLD: The buyer acquires a fully paid unit at below the seller’s original purchase price. Including the DLD the seller paid at registration, the total saving is approximately AED 92,000 (12%) versus what the seller has sunk into the asset
• Fully paid — zero outstanding installments: The unit is 100% settled with Binghatti Developers. No construction payment obligations transfer to the buyer. Total acquisition cost: AED 610,000 + ~AED 40,800 (DLD + trustee + agency) = ~AED 650,800 all-in. Nothing further. This is the cleanest possible off-plan SPA assignment — a single payment, fully settled asset
• High floor — elevated views and rental premium: High-floor studios in Binghatti Ruby command the highest rents and resale prices within the building. The elevated position above the JVC District 16 rooftop level delivers open city and community views from the balcony that lower floors cannot match
• Binghatti premium finishes at AED 610,000: Marble, natural wood veneer, and porcelain tiles as standard in a 365 sqft studio at AED 1,671/sqft is genuinely premium for the JVC entry price point — Binghatti’s specification level is above what competing JVC studio developers deliver at this price
• JVC 7.0–8.5% gross yield for studios: JVC studios consistently deliver the highest gross yields in the market. At AED 610,000 and an annual rent of approximately AED 43,000–52,000 (current JVC studio market), the gross yield is 7.0–8.5% — one of the strongest investment returns for a UAE freehold studio of this specification
• JVC #1 transaction volume community in Dubai 2024: The deepest, most liquid residential market in Dubai. Studios in JVC are the most actively rented and transacted unit type in the community — ensuring fast tenant placement, minimal vacancy periods, and strong resale liquidity
• Circle Mall under 1 km — tenant demand driver: Proximity to Circle Mall is a measurable tenant preference differentiator within JVC — units within 1 km of Circle Mall command above-average rents and fill faster than equivalent units on the community’s periphery
• Q4 2026 handover — 18 months to rental income: At Q4 2026 handover, the buyer can begin generating rental income within approximately 18 months of acquisition — a short wait for a fully paid, below-OP asset in a top-yield community
• Freehold for all nationalities — 2-year investor visa: JVC is a Nakheel freehold zone. All nationalities can own with full property rights. This purchase qualifies the buyer for the UAE 2-year property investor visa

Frequently Asked Questions (FAQs)