Plaza Residences

Plaza Residences by Sky Overseas Development — Established Mixed-Use Community in JVC

TL;DR Snapshot

| Detail | Info | |---|---| | Project | Plaza Residences | | Developer | Sky Overseas Development | | Location | Jumeirah Village Circle (JVC), Dubai, UAE | | Status | Ready (Completed Q1 2018) | | Property Types | Studio · 1BR · 2BR · 3BR Apartments · 4BR Villa · Retail | | Price Range | AED 760,000 – AED 1,368,000 | | Amenities | Gym · Security · Shared Pool · Covered Parking · Valet Parking | | Advantage | Ready — 7+ years operational, proven performance |

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Introduction: Seven Years of Proven JVC Performance

Plaza Residences by Sky Overseas Development is an established, seven-plus-year operational residential community in Jumeirah Village Circle — offering buyers and investors the certainty of a demonstrated, functioning building with a proven track record of tenancy performance, management quality, and community vitality. Completed in Q1 2018, Plaza Residences entered JVC's market at a period of strong growth and has benefited from the community's progressive improvement over the intervening years.

The development's six-tier typology — from compact studios to a 4-bedroom villa and ground-floor retail space — creates a complete community micro-ecosystem that serves buyers across the full spectrum of JVC's investment and owner-occupier market. With studio pricing from AED 760,000, Plaza Residences offers accessible acquisition within one of Dubai's most consistently high-yield residential communities.

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Location: JVC's Established Community Advantage

JVC has undergone remarkable infrastructure and community maturation since Plaza Residences' 2018 completion — with Circle Mall, expanded school and nursery provisions, healthcare facilities, and dozens of new restaurants and retail outlets transforming the community's daily lifestyle quality. Plaza Residences' early positioning in JVC means it has benefited from this entire improvement arc — residents have experienced progressively improving community amenities throughout their occupancy.

| JVC Connectivity | Approx. Distance | |---|---| | Dubai Marina / JBR | 15–18 min drive | | Mall of the Emirates | 12–15 min drive | | Downtown Dubai / Burj Khalifa | 20–25 min drive | | Dubai Sports City | 8–10 min drive | | Al Maktoum Airport | 25–28 min drive | | DXB International Airport | 25–30 min drive | | DIFC / Business Bay | 20–22 min drive |

Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311) provide dual arterial access options from JVC to all parts of Dubai's road network, with the community's internal roads now well-established and multi-entry-pointed. Circle Mall's easy access from Plaza Residences provides residents with a comprehensive retail and dining destination within JVC's immediate footprint.

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Unit Mix: Complete Spectrum for Every Buyer

Plaza Residences' six-tier typology covers every stage of the residential lifecycle:

| Unit Type | Configuration | Investment Profile | |---|---|---| | Studio | Compact, self-contained | Maximum yield — peak demand segment | | 1-Bedroom | Living/bedroom separation | High yield — couples, professionals | | 2-Bedroom | Family-scale | Strong yield — small families | | 3-Bedroom | Generous proportions | Premium residential | | 4-Bedroom Villa | Private garden, villa-format | Prestige family tier | | Retail Space | Commercial ground floor | Commercial yield opportunity |

The 4-bedroom villa within Plaza Residences is a distinctive JVC offering — villa-format living (multi-level, private outdoor space, generous proportions) within the managed community environment of an established residential building. At JVC pricing, a 4-bedroom villa represents extraordinary value compared to comparable villa products in Palm Jumeirah, Arabian Ranches, or Jumeirah, providing families with villa-lifestyle quality at a fraction of the cost.

Retail space established since 2018 carries a specific investment advantage: established commercial tenants with demonstrated operational history, proven rental performance, and the customer base built over seven-plus years of community service. For commercial investors, this represents a lower-risk commercial acquisition compared to retail space in newly delivered buildings seeking first tenants.

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Amenities

| Amenity | Notes | |---|---| | Shared Pool | Community leisure and recreation pool | | Gym / Fitness Centre | Residents' training and fitness facility | | Security | Building security management | | Covered Parking | Protected vehicle accommodation per unit | | Valet Parking | White-glove vehicle service for building guests |

The valet parking provision within Plaza Residences is a distinctive building amenity — elevating the arrival and departure experience for residents and their guests to a premium hospitality standard that is unusual in JVC's mid-market building portfolio. For professional tenants accustomed to hotel-standard service quality, valet parking is a meaningful differentiator that supports premium rental positioning.

Covered parking — provided within the building's structured parking facility — protects residents' vehicles from Dubai's intense summer UV radiation and heat, a practical benefit that is consistently ranked among Dubai tenants' highest-priority building amenities. Buildings with covered parking facilities achieve faster tenant placement and above-average rental rates compared to buildings relying on surface or open-air parking alternatives.

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Investment Analysis: Seven Years of Proven JVC Returns

| Investment Metric | Assessment | |---|---| | Studio Entry Price | AED 760,000 | | Maximum Price | AED 1,368,000 | | Developer | Sky Overseas Development | | Operational Since | Q1 2018 — 7+ years proven | | Estimated Studio Yield | 7–9% p.a. | | Immediate Income | Yes — ready for immediate rental or occupancy | | Track Record | 7+ years tenancy data available | | JVC Market Position | Established — experienced community improvement cycle | | Commercial Advantage | Retail with established tenant history |

Plaza Residences' seven-year operational track record in JVC's market provides buyers with the most valuable resource for investment decisions: real performance data rather than speculative projections. Buyers can research actual rental rates achieved, occupancy history, and service charge performance — making Plaza Residences one of the most transparent residential investments currently available in JVC's property market.

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Developer: Sky Overseas Development

Sky Overseas Development is a UAE-based real estate developer with a portfolio of residential and mixed-use projects within Dubai's mid-market communities. Plaza Residences demonstrates the developer's capability to deliver a comprehensive multi-typology development — studios through 4BR villas and retail — that has sustained community quality and tenancy performance across seven-plus operational years in JVC's dynamic market.

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Why Plaza Residences: Established, Proven, Immediately Available

In a JVC market where off-plan alternatives require 18–36 months before income generation begins, Plaza Residences delivers the rational investor's answer: a seven-year-old building with proven performance, immediate income potential, six residential typologies from studio to 4BR villa, retail space with established tenants, valet parking, and covered parking — all within JVC's thriving community at AED 760K–1.368M. This is certainty in an uncertain market.