Terrazzo Residences
1 BR · Apartment
About the building
6-storey residential building in JVC District 11. Developer — Taraf Development. Architect — RMJM Dubai.
What the building has
- Park and landscaping
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 NP9-297077
How much is this 1-bedroom apartment in Terrazzo Residences?
Lot NP9-297077 is priced at AED 1 200 000, about $327 000. The size is 791 sq ft (73 m²), which works out at AED 1 517 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for JVC?
The database holds 264 lots in JVC. The area median is AED 2 229 per sq ft; this lot, at AED 1 517, is 32% below it. 147 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 Q4 2026. 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 48 000 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 800 000 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 Terrazzo Residences?
The building has 6 floors and 203 units. 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 NP9-297077 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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