Tenanted Studio in Jumeirah Village Circle (JVC) – Motivated Seller, 21% Below OP

Property Overview

This is a studio apartment of 729 sq ft in Jumeirah Village Circle (JVC), Dubai, offered by a motivated owner seeking a quick sale. It is listed at AED 580,000 against an agent-stated original purchase price of AED 735,000, which is AED 155,000 or 21.1% below OP. The unit is currently rented at AED 46,000 a year until June 2027.

Property Highlights

• Asking price: AED 580,000
• Original purchase price (agent-stated): AED 735,000
• Saving against OP: AED 155,000 (21.1%)
• Size: 729 sq ft
• Asking rate: approximately AED 796 per sq ft (OP rate approximately AED 1,008 per sq ft)
• Type: studio apartment
• Tenancy: rented at AED 46,000 per year until June 2027 (agent-stated)
• Gross rental yield at asking price: about 7.9% (DPF-calculated)
• Status: ready, tenanted

Why the Price Qualifies as Below OP

The agent brief gives a labelled original purchase price of AED 735,000 and a selling price of AED 580,000. Because the asking price is lower than the stated OP, DPF classifies this listing as Below OP.

• Saving: AED 735,000 minus AED 580,000 equals AED 155,000.
• Percentage: AED 155,000 divided by AED 735,000 equals 21.1% below OP.
• Rate per sq ft: AED 580,000 divided by 729 sq ft equals approximately AED 796.

The benchmark is the seller's original purchase price as reported in the agent brief received on 2026-10-01. It is not a DLD transaction record or a market valuation, so it does not by itself show the unit is below current market value. Buyers should confirm the OP from the title deed or original SPA.

Tenancy and Rental Income

The agent states the studio is rented at AED 46,000 per year with the tenancy running until June 2027. At the asking price of AED 580,000, that rent represents a gross yield of about 7.9% before service charges, maintenance and other costs. A buyer would take over the existing tenancy and receive rent from transfer until the contract ends. Ask for the Ejari-registered tenancy contract, the payment schedule (number of cheques and how many remain) and confirmation of any notice already served, as Dubai tenancy rules limit when a landlord can recover the unit.

About the Community

Jumeirah Village Circle is a large master-planned residential community in the Al Barsha South area of Dubai, laid out in a circular pattern of districts with apartment buildings, townhouses and villas around central parks. It is one of Dubai's most active rental markets, with schools, clinics, supermarkets and Circle Mall within the community.

The building name was not supplied, so building-specific amenities, developer and service charges are not stated here.

Layout

The agent describes the unit as a 729 sq ft studio. That is larger than most studios in JVC, so buyers should check the title deed and floor plan to confirm the layout and whether the stated area includes a balcony or terrace. The building, floor, view, bathrooms, parking, furnishing and unit number were not supplied.

Location and Connectivity

JVC sits between Al Khail Road and Sheikh Mohammed Bin Zayed Road, with road access towards Al Barsha, Dubai Marina and Dubai Hills Estate. Journey times depend on route and traffic, so DPF does not quote fixed minutes for this listing.

Verification Notes

• Agent-supplied facts: JVC location, studio, 729 sq ft, motivated owner, rent of AED 46,000 until June 2027, OP and asking price.
• DPF-calculated figures: saving amount, saving percentage, price per sq ft and gross yield.
• Not supplied: building name, developer, floor, view, bathrooms, parking, furnishing, unit number, service charge and cheque schedule.