New concept
The Community presents a brand new co-living concept which is gaining popularity among Millennials, young professionals and entrepreneurs worldwide. It encourages interaction among residents and gives them a sense of belonging, by creating a feeling of a big family, with a reduced financial burden. As a fully integrated lifestyle community, the co-living concept offers an affordable yet sociable housing solution.
Residents of The Community will have their own private apartment with a bedroom, living area, kitchen and bathroom. Other living spaces, such as social lounges, library, gaming hub, laundry room and many state-of-the-art facilities and amenities will be shared. This concept allows like-minded people to spend time together outside work and achieve professional and personal growth through socialising, forming new friendships, supporting each other and creating new business connections.
Unrivalled number of amenities
The concept behind The Community revolves around socialising, so a total area of 22,000 sq.ft. of public spaces have been dedicated to numerous facilities, encouraging residents to spend quality time together.
Meticulous attention to detail has been paid to every aspect of the building to make it the most desirable and convenient place to stay either short term or long term.
The amenities include a state-of-the-art gymnasium, sauna and steam room, library, social lounge, yoga club, swimming pool, bowling lane, barbecue area, gaming hub, cinema, laundry room, café and restaurant, convenience store, food court, flexible workspace and golf simulator.
Unrivalled number of amenities
The concept behind The Community revolves around socialising, so a total area of 22,000 sq.ft. of public spaces have been dedicated to numerous facilities, encouraging residents to spend quality time together.
Meticulous attention to detail has been paid to every aspect of the building to make it the most desirable and convenient place to stay either short term or long term.
The amenities include a state-of-the-art gymnasium, sauna and steam room, library, social lounge, yoga club, swimming pool, bowling lane, barbecue area, gaming hub, cinema, laundry room, café and restaurant, convenience store, food court, flexible workspace and golf simulator.
Quality finishing
Apartments are fitted with quality materials as well as appliances by well-known European brands and equipped with designer furniture.
Walls and floors are laid with full-body porcelain tiles by renowned Spanish brand Living Ceramic. Sanitary ware and sanitary brassware are of another esteemed Spanish brand, International Water & Wellness. The units are equipped with kitchen appliances by renowned global brands.
Vibrant meeting lounges are set in the majestic quadruple height lobby. Exposed ceilings are enriched with artistic lighting. Terrazzo pavements are separated with brass expansion joints and decorated with designer furniture. Restaurant floors are connected with convenient oversize feature seating stairs. Co-working floors come with flexible working spaces for those working from home.
The entertainment area includes cinema rooms with movie theatre seats, a gaming hub with virtual sports simulators and a professional bowling alley with parquet flooring and textured arched concrete walls.
Integrated smart system
WiFi-based electronic locking system for access control allows residents to access their home by using a specially created phone app.
Motion censored lighting system used in the common area serves to reduce the usage of electricity by switching on and off the electricity as someone enters/leaves the room.
We have designed all the elements of our building keeping in mind AC load requirements ensuring to minimise the required load for desired AC temperature. For example, for all external blockwork, we have used 250mm to 350mm Thermo Block with adequate insulation and mesh in every layer. This item will heavily reduce the internal heating of the building and the AC requirement for cooling.
Optimised layout
The apartment features a meticulously planned, rectanglar space optimising the layout and the usage of space. The units feature sliding glass door walls to maximise and enhance the feeling of the space.
Full-length floor-to-ceiling windows UV glass windows provide ample natural light. Showers have been added instead of bathtubs. The units are offered fully fitted and unfurnished with the option of furnishing at an additional charge.
3-Year payment plan
The investors benefit from an easy and attractive payment plan of up to 3 years with monthly instalments of only 2.5%, starting from $2,847 for a studio apartment. The down payment is 10% and the expected completion date is Q2 2022.
High potential ROI
Considering the current rental prices in the area, the expected ROI for The Community units is around 8% which is among the higher ones in Dubai. Furthermore, with the upcoming EXPO 2020 scheduled for October2021, and the anticipated growth in Dubai’s population, the rental prices in neighbouring Jumeirah Village Triangle are likely to increase. Considering the uniqueness of the project and the interest it will generate, the potential ROI could be even higher than 8%.
Prime location
The Community is being developed in Jumeirah Village Triangle, an exciting new area that reflects the innovative concept of the project. It is located at the intersection of two major transport arteries, connecting the project with Dubai’s business districts, tourist attractions and airports. This mirrors the project’s theme of connectivity and growth.
Furthermore, the project is set close to the Expo 2020 site embracing innovation and efficiency. It is expected that EXPO 2020 will bring an influx of residents and new businesses to the area. Thus, a lot of them will surely choose JVT as their place of residence.
Jumeirah Village Triangle is a mostly low-rise area with 1 and 2-bedroom townhouses constructed for individuals and young families. However, several high-rise projects were launched recently in the area, including a newly opened FIVE, 5-star hotel with amenities catered to a younger crowd. The Long-awaited Al Khail Avenue mall opening in 2020 is located within walking distance from The Community. Spanning over 3,6 million square feet, the mall offers an array of retail, entertainment and hospitality options. In addition to an impressive number of amenities within the project itself, the residents will have all their needs covered.
All in all, the Jumeirah Village area has always appealed to individuals and young families – the target audience of The Community. This is the reason why we chose this community to pioneer this concept in the Dubai market.
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