−17% Elitz 2
1 BR · Apartment
About the building
Located in JVC District 10. Developer — Danube Properties Development. Architect — Al Majal Engineering Consultant.
What the building has
- Gym
Where it is
JVC
Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
- strong gross yields
- deep tenant demand
- accessible entry prices
What to check: Building quality here ranges from genuinely good to genuinely poor and the district average hides both. Visit on a normal weekday, check the parking and the lifts, and pull three years of service charge history before you offer.
Full district guide →Questions and answers about lot NP1-338019
How much is this 1-bedroom apartment in Elitz 2?
Lot NP1-338019 is priced at AED 930 000, about $253 000. The listing does not state a size, so no price per square foot is given.
How much has the price of this lot been cut?
The price before the cut was AED 1 126 500; it is now AED 930 000 — AED 196 500 less, or 17%.
How does this price compare with other lots in Elitz 2?
The database holds 3 lots in Elitz 2 right now, from AED 699 000 to AED 1 070 000. 2 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in JVC?
The database holds 274 lots in JVC. The area median is AED 2 229 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 150 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVC area guide →Is the property ready or still under construction?
The handover date in the listing is 3Q 2027. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 37 200 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 070 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Elitz 2?
The building has 52 floors. The developer is Danube Properties. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-338019 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Elitz 2
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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