Provenza Residences
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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 48,889 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,500
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 73,645 / 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
Provenza Residences launch basis1,259AED 1.13MCurrent 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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Astraterra Properties

Official Documents

Download official marketing materials from IKR Development.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Provenza Residences — 1 Bedroom Floor Plan

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

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

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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