Tenanted Studio in Maison Elysee 3, JVC – AED 48K Rent, Cash Sale

Property Overview

This studio apartment in Maison Elysee 3, Jumeirah Village Circle, is offered as a cash-only distress sale at AED 600,000. The building is about one year old, and the agent states the unit is rented at AED 48,000 per year, a gross yield of 8.0% on the asking price, with the tenant about to move in.

Property Highlights

• Asking price: AED 600,000
• Type: studio apartment
• Annual rent (agent-stated): AED 48,000
• Gross yield on asking price: 8.0%
• Occupancy: rented, tenant moving in (agent-stated)
• Building age: about one year (agent-stated)
• Payment: cash buyers only (agent-stated)

Price Basis

The agent describes this as the cheapest studio currently on the market in the building. That claim has not been verified by DPF, and no original purchase price, DLD transaction or dated comparable was supplied, so no discount has been calculated. The unit size was also not supplied, so a price per square foot cannot yet be given.

The gross yield is calculated as the stated annual rent of AED 48,000 divided by the AED 600,000 asking price. It does not account for service charges, vacancy, maintenance or agency fees, and buyers should verify the rent against a registered Ejari tenancy contract. The brief does not say whether the seller covers the Dubai Land Department transfer fee; at the standard 4% rate, that fee would be about AED 24,000.

About the Project and Developer

Maison Elysee 3, also marketed as Pantheon Elysee III, is a residential building in Jumeirah Village Circle by Pantheon Development, completed around late 2024. Published project information describes a building made up mainly of studios of roughly 377 to 491 sq ft, alongside 1- and 2-bedroom apartments and retail units. Listed facilities include a rooftop pool, gym, play area, café, concierge and covered parking.

Tenancy and Cash-Only Sale

The agent states the unit is rented and the tenant is moving in, so the buyer would take over the tenancy rather than receive the unit vacant. The sale is cash only. The original project offered a post-handover payment plan, so buyers should confirm with the developer that no balance remains outstanding on the unit before transfer, and check the tenancy start date, rent payment schedule and contract term.

Location and Connectivity

Jumeirah Village Circle sits between Al Khail Road and Sheikh Mohammed Bin Zayed Road, giving road access towards Dubai Marina, Al Barsha and Downtown Dubai. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building, studio type, asking price, rent, tenancy status, building age, cash-only terms and cheapest-on-market claim.
• Calculated by DPF: gross yield and indicative 4% DLD fee.
• External research: project and developer facts from published Pantheon Elysee III information.
• Not supplied: unit size and any price benchmark. Not verified: rent, tenancy, outstanding developer balance and the cheapest-on-market claim. Confirm against the title deed, Ejari and developer statement before any payment.