Maimoon Gardens

A multi-building complex by Fakhruddin Properties in JVC, up to 50 storeys. Retail units were marketed with a projected yield of up to 21% under an interest-free payment plan.

What the complex is

Maimoon Gardens is a multi-building project in Jumeirah Village Circle, District 11. The property passport lists up to 50 storeys, developer Fakhruddin Properties, engineer National Engineering Bureau; confirmed amenities are a retail gallery and landscaped grounds. The catalogue lists one-, two-, three- and seven-bedroom units.

JVC is Dubai's highest-volume district by transaction count. For the residential side that means high liquidity and high competition at once; for the commercial side, a steady stream of residents that drives demand for retail space within the quarter.

Handover of the commercial section was announced for September 2026.

What the retail offer showed

In summer 2026, a retail unit of 1,603.57 ft² (149 sqm) was on sale in the complex for AED 4.49 million ($1.213 million). The projected yield was quoted at 21% of the amount invested.

The mechanics behind that figure matter more than the figure itself. An analysis of actual commercial lease deals in JVC over spring 2026 showed a rate of around AED 251/ft² a year. The 21% is not calculated on the unit's full price but on the amount actually paid in by handover: the interest-free plan required only 40% of the price to be paid by completion.

In other words, the quoted yield is a return on invested capital under the developer's interest-free leverage, not the unit's rental yield. Against the full price, the same rate works out to around 8–9% a year, which is a normal level for commercial space in JVC.

How to read calculations like this

Calculating yield on the capital actually paid in is a legitimate exercise, but it can't be compared with an ordinary rental yield — the two are different measures. When comparing two properties, bring both to the same basis, or the developer's payment plan will masquerade as the quality of the unit.

The second element of the offer is pre-leasing work: a prepared target-audience analysis and negotiations on preliminary lease agreements right after the deposit is paid. That's real value if agreements actually get signed; it's verified by signed letters of intent, not by a description of the process.

Third is vacancy risk. That 21% turns into negative cash flow the moment the unit sits empty — the service charge is due regardless of whether there's a tenant. Model a six-month vacancy scenario before you decide.

propsearch property passport (storeys, developer, engineer, district, amenities), catalogue data on the unit mix, and a public offer for a retail unit dated 4 June 2026 — area, price, handover date, payment plan structure, JVC lease-rate levels from actual deals, and the yield calculation.