Jumeirah Village Circle
Plaza Residences
البلازا ريزيدنسSKY OVERSEAS REAL ESTATE DEVELOPMENT L.L.C · Selling since 2008 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 545 units · 2 buildings · DLD target completion October 2017
Registered developer: SKY OVERSEAS REAL ESTATE DEVELOPMENT L.L.C (DLD no. 961)
Escrow account with Emirates NBD · Zoned by Trakhees
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Jumeirah Village Circle
Median annual rent of AED 67,474 across 29,044 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Street View imagery near Plaza Residences, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 1,050/sqft
3yr CAGR · resales
+12.9%
Resale record
127 months
Registered resales here span 127 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Plaza Residences — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Plaza Residences over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Plaza Residences itself; the rest are homes of the same size in Jumeirah Village Circle, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| Studio | AED 500K | AED 50,000/yrsame size in Jumeirah Village Circle | 10.0% | 11 |
| 1 bed | AED 1M | AED 75,920/yrsame size in Jumeirah Village Circle | 7.6% | 27 |
| 2 beds | AED 1.35M | AED 120,000/yrsame size in Jumeirah Village Circle | 8.9% | 22 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 12.5% instead of 10.0%, because it prices the home at AED 400K — the median across every sale on record — rather than the AED 500K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 19/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 8,201 | AED 41,799 | 10.0% | 8.4% |
| 1 bed | AED 17,666 | AED 58,254 | 7.6% | 5.8% |
| 2 beds | AED 26,849 | AED 93,151 | 8.9% | 6.9% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Plaza Residences
How much does a home in Plaza Residences cost?
Over the last twelve months a completed studio in Plaza Residences sold for a median AED 500K (11 ready sales), a 1-bedroom for AED 1M (27 ready sales), a 2-bedroom for AED 1.35M (22 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Plaza Residences?
A studio rents for a median AED 50,000/yr (homes of about that size in Jumeirah Village Circle, 2,959 new tenancies), a 1-bedroom rents for a median AED 75,920/yr (homes of about that size in Jumeirah Village Circle, 3,309 new tenancies), a 2-bedroom rents for a median AED 120,000/yr (homes of about that size in Jumeirah Village Circle, 1,095 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Plaza Residences, so every figure above is the rent for homes of that size in Jumeirah Village Circle — the area's rent, not this project's own.
What rental yield does Plaza Residences give?
Gross yields on completed homes in Plaza Residences run about 10.0% on a studio, 7.6% on a 1-bedroom, 8.9% on a 2-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Plaza Residences selling off-plan or as resales?
0% of the 68 sales registered in Plaza Residences in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Plaza Residences start selling?
The Land Department's register holds 1,039 sales in Plaza Residences, the earliest registered in 2008. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Jumeirah Village Circle median
-27.2%
Priced at or below the area's real median.
Developer track record
1,039 real transactions
1 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
Moderate competitionWhen Plaza Residences completed in October 2017, 5 other other projects in Jumeirah Village Circle were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 326 more other projects in Jumeirah Village Circle are still in the pipeline overall.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest school
1.8 km
Kinderopvang smallsteps leidsche rijn
Nearest supermarket
65 m
west zone
Schools
- Kinderopvang smallsteps leidsche rijn1.8 km
- Nord Anglia International School2.2 km
- Victory Heights Primary School2.5 km
- JSS International School2.6 km
Supermarkets
- west zone65 m
- Al Madina112 m
- Awadia Grocery403 m
- For U Mini Mart469 m
Bus stops
- Bus stop2.3 km
- The Springs, Entrance gate 42.6 km
Pharmacies
- Life pharmacy374 m
- Safeway Pharmacy477 m
- Medon Pharmacy813 m
- Health First1.0 km
Malls
- Circle Mall1.7 km
- Me'aisem City Center1.7 km
- City Centre Meaisem1.8 km
- The Springs Souk2.1 km
Parks
- Yas Park164 m
- 2nd of December221 m
- Qesad298 m
- Shooa391 m
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Buildings in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Jumeirah Village Circle
Buying in Plaza Residences?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample