Belgravia Square
About Belgravia Square
Belgravia Square is in District 14, Jumeirah Village Circle.
Developed by Ellington Properties with Jarvis Investments. Completed November 2023 after construction began in 2018. Modern low-rise freehold development comprising two L-shaped blocks facing a central landscaped courtyard; ground plus four residential floors, 225 units, with studios, 1-bedroom and 2-bedroom apartments.
Amenities
- Large landscaped central courtyard
- resort-style swimming pool
- children’s pool
- fully equipped gym
- yoga area
- clubhouse
- residents’ lounge
- children’s playroom
- outdoor play area
- changing rooms
- attractive design-led lobby
- covered parking
- smart access
- 24-hour security
- built-in kitchen appliances
- balconies and terraces
- quiet, peaceful area
- no construction
- good staff
- excellent amenities
- studio options.
Unit Types & Rental Benchmarks
| Type | Size | Asking | Market / Achieved | AED / sqft |
|---|---|---|---|---|
| Studio - Annual Rent (Asking) | 460 sq ft | AED 58,000 | To be confirmed | AED 126.1/sqft/year |
| 1 Bedroom - Annual Rent (Asking) | To be confirmed | AED 94,000 | To be confirmed | AED 107.5/sqft/year |
| 1 Bed - Annual Rent (Asking) | 872 sq ft | AED 94,000 | To be confirmed | AED 107.8/sqft/year |
| 2 Bed - Annual Rent (Asking) | 1,304 sq ft | AED 141,000 | To be confirmed | AED 108.1/sqft/year |
Rental & Sale Market Notes
Rent trend: The viewed studio was AED 58,000 annually for 460 sqft, approximately AED 126.1/sqft. Studio rental rates have reportedly fallen around 11% year-on-year, while sale asking prices have fallen approximately 5% over six months. Strong tenant appeal, but buyers should negotiate because rental and resale pricing have softened. Studio sale asks are approximately AED 750,000-950,000. Current 1-bed sale asks are approximately AED 1.175M-1.55M; typical price AED 1.3M-1.4M; recent resale median AED 1.35M at about AED 1,585/sqft. A recent 855 sqft transaction was AED 1.22M, about AED 1,427/sqft. Indicative gross yields are approximately 6.5-8% for studios and 6.5-7% for 1-beds. Indicative service charge is approximately AED 14/sqft, subject to current DLD verification.
Figures above combine advertised asking prices with our own estimates and viewing-based assessments where stated. They are not verified transaction data.Things To Know
Studios are not particularly large; internal-facing units may have reduced privacy; substantial short-term rental activity may weaken the residential atmosphere.
Who It Suits
Good Fit
Someone who values design, a strong pool courtyard, quality common areas, a recognised developer and a quieter low-rise environment.
Better To Avoid If
Someone prioritising maximum apartment size, low rent per sqft, complete privacy or a building without short-term holiday rentals.
Find Belgravia Square
Belgravia Square, District 14, Jumeirah Village Circle, Dubai, UAE
