Provenza Residences — project image
Off-Plan

Provenza Residences

From AED 1.13M·Handover Sep 2027·20% down payment Payment
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AED 1.13M
Starting Price
Sep 2027
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Provenza Residences is a prestigious residential complex from the developer IKR Development, located in the heart of Jumeirah Village Circle, Dubai. The complex offers modern luxury studios and one-and two-bedroom apartments, redefining urban sophistication with cutting-edge amenities and sophisticated design, setting a new standard for luxury living. Designed by an award-winning French architect, these immaculate homes exude elegance and sophistication in every apartment, making them the perfect choice for those seeking the pinnacle of luxury living. The building includes: ground floor, four podium levels and twelve residential floors. The complex offers its residents a wide range of premium amenities, creating an atmosphere of comfort and luxury. The rooftop lounge and open-air cinema are designed for relaxation and entertainment. There is also a swimming pool offering a refreshing place to relax. Both outdoor and indoor playgrounds are provided for children. The complex has a convenient location, offering quick access to key points of the city. Just a short drive away are Mall of the Emirates (10 minutes), Dubai Marina Mall (15 minutes) and Downtown Dubai (20 minutes). Al Maktoum International Airport is a 25-minute drive away, while Dubai International Airport is about 30 minutes away.

Project Specifications
DeveloperIKR Development
LocationJumeirah Village Circle (JVC)
Unit Types1 BR, 2 BR, Apartments
AreaJumeirah Village Circle (JVC)
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 48,889 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,500
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 521,180 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from IKR Development.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

BBQ
Covered Kids Play Area
Electric Vehicle Charger
Indoor Multipurpose Space
Infinity pool
Kids Play Area
Kids splash pad
Landscaped garden
Lounge
Multipurpose Sports Courts
Open Kids Play Area
Outdoor cinema
Pool Deck
Prayer room
Private Jacuzzi
Private Lounge
Sauna
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sunken Seating
Yoga studio
Zen Garden

Location

Provenza Residences location map
Project location

Nearby Destinations

Jumeirah Village Circle (JVC)

Developer and Project Facts

01

Provenza Residences by IKR Development

02

Located in Jumeirah Village Circle (JVC)

03

Starting from AED 1,133,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Sep 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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RERA Registered
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Property Enquiries

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

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