Aura by Grovy

Aura by Grovy Real Estate Development is a new project in Jumeirah Village Circle, Dubai, offering users a selection of premium apartments with exclusive amenities. There are Studios to 2 bedroom apartments with different sizes from 30 to 119m2. The apartments are sold equipped with a kitchen including all appliances. Each apartment has a parking space.

The Aura project will offer interesting amenities. There will be a heated swimming pool, a children's playground, a fully equipped gym, a multifunctional sports field, a running track and a steam sauna. The apartments will be equipped with the Smart Home function, where you can control everything via a mobile application.

As part of the pre-sale event, the developer offers the possibility to pay 50% of the purchase price for a period of 3 years until handing over the apartment. Installments will significantly reduce your income from short-term rentals.

The Jumeirah Village Circle location is a fast-growing, sought-after community in the heart of New Dubai, projected for a population of 300,000. It belongs to Freehold locations, where ownership is not limited in time. The apartment will be yours for life and registration in the Dubai Land Registry is a matter of course.

By 2030, 2 new metro lines will cross this location. The first will connect this location with Dubai Marina, and the second with Al-Maktoum Airport in the south and DXB Airport in the north. From this point of view, this is a very interesting investment opportunity.

In Jumeirah Village Circle you will find countless luxury restaurants and cafes, the new shopping center The Circle Mall and a total of 33 parks with children's playgrounds. The beach to Dubai Marina can be reached by car in 15 minutes and the whole center in 20 minutes.

You can rent the apartment long-term. According to the DLD Land Registry Office, the average rental price for a Studio apartment is AED 38,000/year, a 1 bedroom apartment is AED 55,000/year and a 2 bedroom apartment is AED 80,000/year. The prices are shown without energy and services, which the tenant pays separately.

According to the Bayut portal, which has been reporting on the Dubai real estate market for a long time, with a long-term lease you will achieve a 6-7% annual return, and with a short-term lease through Airbnb and Booking.com, which we will help you with, you will achieve up to 8-10% per year.