Overview

Property Description

Five Elements Real Estate Development LLC developed and commissioned Spica Residential in 2016, a five-storey residential development located in Jumeirah Village Circle, District 10, Dubai. The building has 125 residential units including one- to two-bedroom apartments. The interiors feature built-in wardrobes, balconies, kitchens with appliances, and bathrooms with quality fixtures. There are many parks, jogging paths, cycling paths, and outdoor recreation areas in Jumeirah Village Circle. Residents have easy access to supermarkets, pharmacies, schools, and entertainment venues. Consequently, local real estate is in high demand among tenants and investors. Properties have a return on investment of 6% to 7%, depending on the type of unit. Apartments at Spica Residential cost between AED 43,000 (USD 12,000) and AED 70,000 (USD 19,000), and investments are recouped within 15-17 years. *Prices are valid for 2021

Location