Concept 7 Residences
✓ Resale Available

Concept 7 Residences

From AED 1.23M·Completed Dec 2024·100% down payment Payment
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AED 1.23M
Starting Price
Dec 2024
Handover
100% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Concept 7 Residences is a residential complex in Jumeirah Village Circle. The building consists of a ground floor, four podium levels, 10 residential floors, and a rooftop with amenities. For sale are offered studios and apartments with one and two bedrooms. All residences are connected to a smart home system. Kitchens are equipped with built-in cabinets and appliances. Bathrooms are equipped with modern sanitary ware. Most apartments have a balcony or terrace. An exceptional feature of the complex is the possibility to stay with pets. Facilities include a separate playground for pets. Residents can also take advantage of amenities such as: gym, yoga studio, swimming pools for adults and children, business center, lobby, co-working space, etc. Circle Mall and Jumeirah Village Circle Park are within walking distance. It is a 24-minute drive to Dubai Mall, 18 minutes to Jumeirah Palm and 19 minutes to Burj Al Arab. DXB is approximately 28 minutes' drive away, while Al Maktoum International Airport is 33 minutes' drive away.

Project Specifications
DeveloperCondor
LocationJumeirah Village Circle (JVC)
Unit Types1 BR, 2 BR, Apartments
AreaJumeirah Village Circle (JVC)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 53,173 / year
Cash-on-Cash
1.8%
Levered cashflow AED 12,508
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 80,099 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Concept 7 Residences launch basis1,369AED 1.23MCurrent launch / asking basis
Jumeirah Village Circle (JVC) ready-stock comps1,050AED 945,000Indicative resale benchmark
Jumeirah Village Circle (JVC) premium peer launches1,300AED 1.17MNew-launch peer set
Trophy alternative proxy1,500AED 1.35MHigher-end anchor for negotiation context

Gallery

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Concept 7 Residences official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Condor.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Children’s pool
Cinema
Concierge Service
Conference room
Covered Parking
Coworking zone
Dining outlets (coffee houses & restaurants)
Dog walking area
Kids Play Area
Leisure areas
Lift
Lobby
Meditation zone
Pets Allowed
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone

Location

Jumeirah Village Circle (JVC)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Village Circle (JVC)Jumeirah Village Circle (JVC)Dubai, UAE

Developer Track Record

01

Concept 7 Residences by Condor

02

Located in Jumeirah Village Circle (JVC)

03

Starting from AED 1,232,285

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Dec 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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