Overview

Property Description

Peak Summit Real Estate Development developed Orchard Place, a mid-segment residential complex in Jumeirah Village Circle. Featuring four podium levels, this stunning development consists of two towers with 23 and 30 floors. A contemporary and stylish living space has been created by a developer inspired by the iconic skyscrapers of New York City. With a range of property options to suit various needs and preferences, the development offers penthouse lofts, studios, 1-2 bedroom apartments, 3-bedroom duplexes, 3-bedroom penthouses and duplex penthouses. Sizes range from a cosy 520 sq. ft. to a spacious 3,303 sq. ft. There is something for everyone here. The residences are complemented with balconies and panoramic windows for maximum sunlight. Duplex owners will have an oversized terrace with a built-in swimming pool at their disposal. Additionally, penthouses include a double-height living room, spacious terrace, and a high-level pool. For a 1-bedroom property in The Orchard Place, the starting price is AED 917K (USD 250K) in Q4 2023. A duplex can be acquired for AED 3.5M (USD 953K), while a penthouse loft costs AED 1.7M (USD 463K). A penthouse starts at AED 4.56M (USD 1.24M). *Prices are valid for 2023 The developer offers a 60/40 payment plan with only a 10% down payment required, followed by 50% and 40% instalments during construction and upon completion. Renting out an apartment in JVC can be a lucrative investment, as you can earn passive income. The starting rental price for a 1-bedroom apartment is AED 42K (USD 11K) per year, with an average ROI of 8.4%. UAE visas will be available for foreign owners, their spouses, and their children for 2 years. The Golden visa is valid for 10 years and allows you to sponsor domestic staff in addition to family members if you purchase a residence for a minimum price of AED 2M (USD 545K).

Location