Hijazi Real Estate Development: one product name across two districts

Hijazi Real Estate Development runs one residential series across Dubai Science Park and Jumeirah Village Circle — the same product name, the same design language, different locations. Buyers reasonably assume that means comparable investments. It does not, and the reason is worth spelling out.

Same building, different investment

Everything the developer controls — specification, layout, finish, service standard — can be identical. Everything that determines your return is decided by the district:

• Who the tenant is. Dubai Science Park draws people working in the surrounding business park and the nearby clusters; JVC draws a broader, more price-driven mid-market pool. Different tenants, different lease lengths, different voids.
• What the competition is. JVC has an enormous volume of comparable supply within walking distance; a quieter district has less. That single difference does more to your achievable rent than any specification choice.
• How much is still to be built. Future supply near you caps rent growth, and it varies sharply between districts.
• Liquidity on exit. A district that trades often gives you a faster sale; a thinner one gives you a slower one, whatever the building is like.

How to compare two units in the same series

Ignore the brochure, which will be nearly identical, and compare four numbers per district:

• Achieved rent for that size, from live listings within a few hundred metres.
• Service charge per square foot in delivered buildings there.
• Units completing nearby over the next three years.
• Days on market for resale of comparable units.

Those four decide the outcome. The identical facade does not.

What to check

• Escrow account and Oqood registration, per project — a series is several projects, not one.
• The contractor on the specific building, which can differ across a series.
• An earlier building in the series, visited, for finish and common areas.
• The delay remedy and the payment schedule's weighting.
• Walking distance to everyday retail, which within either district is what tenants optimise for.

Who it suits

• Yield investors who will choose the district on numbers rather than the building on renders.
• Buyers who want to inspect an earlier occupied version before committing.
• Not a buyer who assumes two units in the same series are interchangeable.

Based on the Dubai Land Department register and live rental listings.