The Residence by Prestige One

The Residence by Prestige One sits within Jumeirah Village Circle, the mid-rise residential district that Nakheel master-planned across roughly eight square kilometres of southern Dubai. Developed by Prestige One Developments, the project is a single residential building targeted for handover in Q4 2024, with construction currently tracking at approximately 83 per cent complete.

# The tower and its position in JVC

Jumeirah Village Circle has spent the past decade consolidating its reputation as one of Dubai's more genuinely liveable mid-market addresses. The district contains over 30 parks within its boundaries, a density of green space unusual for a Dubai community at this price tier, and it supports a resident population served by nurseries, schools, a hospital, and a retail mall. The Residence occupies this setting as a single-building development, its scale suited to the low-to-mid-rise character that distinguishes JVC from the denser towers of Business Bay or JLT.

The building's design language favours clean geometry and neutral materiality. Natural light and a restrained palette of marble, polished metal, and stone run through the interiors, an approach that reads more considered than the maximalist finish common to comparable JVC product.

# Residences, specification and kitchen fit-out

Specific unit counts, floor plate sizes, and layout configurations are not publicly disclosed in the current marketing materials. What is confirmed: residences are delivered with the kitchen fitted and equipped, while the remainder of the unit is handed over unfurnished. The kitchen appliance package is described as high-end, though no specific brand is attributed.

Service charges are set at 12 to 14 AED per square foot, a range consistent with mid-tier managed residential buildings in JVC and broadly predictable for buyers modelling net yield.

# Amenity floor and rooftop programme

The amenity offering is concentrated and well-organised for a single building of this type. At roof level, residents have access to a deck and an outdoor cinema. The main amenity zone includes a swimming pool with a hot tub, BBQ stations, sunken seating, deck areas, and cabanas with sunbeds. A fitness centre handles indoor activity, and a separate outdoor kids' play area completes the programme.

These are practical, well-rounded amenities rather than an overwrought list padded with facilities that rarely see use. For a JVC building serving owner-occupiers and buy-to-let investors alike, the balance is appropriate.

# Connections to the wider city

Downtown Dubai sits roughly 21 kilometres away, a 26-minute drive under normal conditions. Dubai International Airport is approximately 31 kilometres and around 31 minutes by car. Sufouh Beach, the nearest coastal option, is 12 kilometres out, accessible in about 16 minutes. District 13-2 Community Park is 1.3 kilometres away, a three-minute drive that in JVC's low-traffic internal roads is also a walkable distance for many residents.

The location lacks direct metro access, a limitation shared across virtually all of JVC. Car dependency remains a reality here, and buyers should factor that into expectations around day-to-day convenience.

# A project suited to yield-focused buyers and mid-market owner-occupiers

JVC has consistently posted among Dubai's stronger gross rental yields, cited widely at around 6 to 7 per cent for well-positioned apartments. The Residence, at 83 per cent completion and approaching handover, sits at a practical point in the acquisition cycle: construction risk is largely behind the asset, and rental market positioning can begin almost immediately post-completion.

For international buyers, particularly those from the UK, Europe, or Asia seeking a Dubai income property below the ultra-prime threshold, a delivered JVC apartment with a coherent amenity stack and a known service charge offers a lower-friction entry than off-plan product in earlier construction stages. The project is currently listed as out of stock through JRE, but its profile remains relevant as a reference point for buyers evaluating comparable active launches within the district.