There are a number of positives going for this small piece of suburbia.
Firstly, there are two British Curriculum schools being created in the triangle called the Sunmarke School and the Arcadia School; both of which should be available towards the end of 2016.
Another plus is the much awaited Al Khail Avenue Mall that will boast up to 350 shopping, dining and entertainment units including cinemas; expected to be developed end of 2017.
In terms of living there, unlike the diverse mix of residential options in Jumeirah Village Circle, JVT has a visually consistent environment with just the perimeter’s set of buildings varying in appearance from each other.
Jumeirah Village Triangle is a logical first choice for first time buyers, couples and families due to the established neighbourhood.
All of the villas and townhouses in JVT come in the ground plus first-floor heights only (G+1)
Amenities
Amenities in JVT include green patches spread around the area with playgrounds and a huge green strip of park playgrounds and sports courts going through the heart of the Triangle, accessible to all.
There are also mini markets, pet grooming and veterinary services, beauticians, laundry and alteration services, eateries and cafes.
The best household shopping option in Jumeirah Village Triangle currently, is the Milestone grocers, deli and restaurant located at the Limitless building.
For additional shopping and entertainment options, there is the Me’aisem City Center in the forthcoming International Media and Production Zone (IMPZ) and golf clubs in both the fitness and lifestyle sharpened Dubai Sports City and the plush Jumeirah Golf Estates; all neighbouring JVT.
Notwithstanding reports of falling rents, property ensures a great investment in Dubai, and those looking to make the most money are better off investing in a unit outside the city centre, or in a newly developed district.
A new study of rents and landlord incomes across the emirate found that Jumeirah Village Triangle (JVT) offers the greatest return on investment in Dubai, with rental yields for apartments in the area equating 9.2 per cent per square foot as of October 2017.
That is so much greater than what investors would get if they were to place their money in a property in London, where landlords typically earn 3.4 per cent of the money invested or in Tokyo and Sydney, where rental yields average 2.7 per cent and 4 per cent, respectively.
Rental yield for apartments in JVT remains large despite an abrupt decline in rents of approximately 12 per cent, according to Propertyfinder Group.
Rental yield is an essential consideration that would-be property owners take into the reckoning when deciding whether or not a flat or villa is worth the investment. It is the money made every year as a percentage of the property cost.
Overall, rental yields across Dubai are staying moderately consistent, and they held calm in the second and third quarter of 2017, with no more than a percentage point change in most areas.
Besides JVT, there are other areas in Dubai that also offer high rental yields, and these are Discovery Gardens (8.96 per cent), International City (8.59 per cent), Dubai Investment Park (8.73 per cent) and Dubai Sports City (8.29 per cent).
Forming up the top ten places that offer the highest returns are Dubai Silicon Oasis (8.18 per cent), Dubai Land (8.33 per cent), International Media Production Zone (8.05 per cent), Jumeirah Village Circle (8 per cent) and Motor City (7.75 per cent).
Premium locations like Palm Jumeirah, Downtown Dubai and Dubai International Financial Centre (DIFC) offer the lowest yields for landlords at 4.99 per cent, 5.5 per cent and 5.68 per cent, respectively.
According to Lukman Hajje, the chief commercial officer of Propertyfinder Group, rental yields are defined by a number of factors.
“Typically, smaller properties produce better rental yields than larger ones,” he said. “Apartments are better than villas, and studios are better than larger apartments, for example.”
“But also consider location. Newer, emerging communities offer better rental yields than more established communities. Newer cities offer higher rental yields than established cities,” he said.
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