99 Park Place Jumeirah Village Circle Dubai

99 Park Place is Tabeer Development's six-floor building of 102 homes in Jumeirah Village Circle, District 14 — studios, 1 and 2 BHK running from 416 to 2,196 sq ft. Current listings start at AED 725,000 (about Rs 1.87 crore), against a launch price list that opened at AED 630,000. The split is 60/40.

The building is fine. The calendar is not. Three handover dates have been printed for this project — the fourth quarter of last year, February of this year and the fourth quarter of this year — and the only construction figure we found put it at 12% complete. This page carries the latest date because it is the only one still ahead, not because anything confirms it. Everything below is written so you can ask the right questions rather than take the brochure's word.

At a glance

Price and unit pricing

Two things stand out. The current ask is about 15% above the launch price on a building that has not finished — a rise earned by the Dubai market, not by progress here. And at about AED 1,743 per sq ft the studio sits 19% to 30% above JVC's 2026 ready-market average of AED 1,337 to AED 1,461; the launch figure, near AED 1,514, was much closer. The 2 BHK runs the other way: AED 1.5 M against a 2,196 sq ft top size is about AED 683 per sq ft, so that price almost certainly belongs to a smaller 2 BHK. Ask for the price against each layout, not the range.

Payment plan and total cost

The split is published as 60/40 and nothing else is. No source states the booking percentage, and none says whether the closing 40% falls on the day of handover or is spread after it — which is the difference between an easy plan and a hard one. Worked on the AED 725,000 studio:

If the 40% is payable in instalments after handover, this plan is better than most in the district and worth something real against the delay risk. If it is due on the day, AED 290,000 has to be found at once. Get that in writing before the booking cheque, because it is the single term that changes the shape of this purchase. Service charges in JVC run AED 10 to 13 per sq ft a year, so budget roughly AED 4,200 to AED 5,400 on a 416 sq ft studio.

Location and connectivity

Jumeirah Village Circle is Dubai's largest mid-market apartment district, ringed by Al Khail Road and Sheikh Mohammed bin Zayed Road with Circle Mall inside it. Dubai Marina and JLT are about 15 minutes by road, Mall of the Emirates and Al Barsha 10 to 15, Downtown about 20 and DXB airport roughly half an hour. JVC has no metro station, which is why its rents stay competitive and its yields stay high.

District 14 sits on the western arc of the circle with the shortest run to Al Khail Road, which is what addresses here sell on. It is also the busiest part of the community for small new buildings, so expect construction next door and plenty of comparable stock at resale. For the nearest comparison, see 77 Boulevard, a 58-home building of the same height; for a finished JVC building you can inspect today, see Aura by Grovy. All of the Dubai projects we track sit together, and the wider projects list covers our other cities.

Amenities and specifications

Quoted for the building: a gym, a swimming pool, children's play areas, landscaped gardens and recreational zones. The listings add balconies, built-in wardrobes, central air conditioning, kitchen appliances and covered parking. That is the standard JVC package for a six-floor building — appropriate rather than generous.

Not published: the appliance schedule, the parking allocation per unit, the service-charge budget, or whether the quoted sizes are suite area or gross internal area. A Dubai title deed prints the suite area, so ask which basis the price list uses. Final specification as per the SPA.

About the developer

Tabeer Development trades as Tabeer Starwood Holding Limited and builds mid-rise residential buildings in Dubai's newer communities. Its other Dubai work sits in Arjan: 48 Parkside, a ten-floor building of 187 apartments that was more than 70% built at its last reported update, and Parkside Boulevard, due in the fourth quarter of this year.

Portal profiles describe the company as a joint venture between Tabeer Group and Starwood Capital Group and attach hotel names to it — the St. Regis Dubai, the W Dubai, the Westin Dubai. We could not confirm any of that against a primary source, so read it as a portal claim, not a delivery record, and do not let it carry weight in your decision. What is checkable is thinner: no completed Dubai residential building we could verify, and a project here that has already run past two of its own announced dates.

For Indian buyers

JVC is freehold, open to buyers of every nationality with no local partner and no residence requirement, and the Land Department issues the title deed in your own name. There is no annual property tax, and no sales tax or VAT applies to a residential purchase. The costs on top are the 4% DLD transfer fee — AED 29,000 on the studio — plus Oqood registration, trustee and agency charges, which take the all-in figure to roughly 6% to 7% over the price.

Money moves under the Liberalised Remittance Scheme: USD 250,000 per person per financial year. At AED 725,000, about USD 197,400, the studio and its fees fit inside one allowance in a single year — useful here, because on a project with an uncertain date you do not want the schedule tangled with remittance timing across several years. A 2 BHK at AED 1.5 M is about USD 408,000 and needs two allowances. Neither reaches the AED 2 M Golden Visa threshold on its own.

JVC studios rent for AED 35,000 to AED 70,000 a year and the community yields 6.78% to 7.87% gross. At AED 48,000 a AED 725,000 studio grosses about 6.6% and nets nearer 5.9% — but none of it starts until the building finishes, and at 12% complete that is the real cost of the delay. The UAE does not tax the rent; an Indian tax resident declares it in India and pays slab-rate tax there. JVC resale is liquid, though an unfinished building with a slipped date sells at a discount to a finished one.

Pros

• A 416 sq ft studio at AED 725,000 is one of the lower entry tickets into a 6.78% to 7.87% yield community
• Six floors and 102 homes keeps the building small and the service charge simple
• Sizes up to 2,196 sq ft give a real mix rather than an investor-only block
• A 60/40 split leaves 40% until the end, friendlier than the 50/50 and 40/60 plans around it
• District 14 has the shortest run to Al Khail Road of JVC's districts
• The full launch price list is published, so you can see exactly how far the ask has moved

Cons

• Three handover dates in print, two of them already passed
• The last construction figure on record was 12% complete
• About AED 1,743 per sq ft is 19% to 30% above JVC's ready-market average
• The current ask is 15% above the launch price with no build progress to justify it
• The booking percentage is unpublished, and nobody says whether the 40% is due at handover or after
• No published DLD project number or escrow bank, and no verifiable completed Dubai building from this developer

Who this is for

• Buyers who get a revised SPA completion date in writing and are paid for the delay in the price
• Investors who want a JVC studio and can leave money parked without relying on a date
• Buyers who can confirm the closing 40% is payable after handover rather than on it
• Anyone buying a 2 BHK here for the size, up to 2,196 sq ft, rather than the yield

Who should look elsewhere

• Anyone who needs to move in on a known date
• Buyers funding from rent — a building at 12% complete pays nothing for years
• Yield investors, at a rate 19% to 30% above ready JVC stock
• Anyone who will not read the DLD construction-progress figure before booking

Our verdict

The building is reasonable and the community is proven. The problem is being asked for a premium in exchange for less certainty, which is the wrong way round. A studio at about AED 1,743 per sq ft costs a fifth to a third more than ready JVC stock, and what you get for it is a building last reported at 12% complete that has missed two dates. If Tabeer returns a revised SPA date, a DLD progress percentage that makes sense of it and confirmation that the closing 40% is spread after handover, the studio is arguable near its launch level. On today's evidence, the ready building down the road is the better buy.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of 99 Park Place?

Current listings start at AED 725,000, about Rs 1.87 crore, and average around AED 1.24 M. The launch price list was AED 630,000 for a studio, AED 950,000 for a 1 BHK and AED 1.5 M for a 2 BHK. The ask has moved about 15% above launch while the building is still early in construction.

When is the handover?

Three dates are in print: the fourth quarter of last year, February of this year, and the fourth quarter of this year. The first two have passed with no completion reported, and the last construction figure on record was 12%. This page carries the latest date because it is the only one still ahead, not because anything confirms it.

What is the payment plan?

The split is published as 60/40. No source states the booking percentage or whether the closing 40% is due at handover or spread after it — and that difference decides whether this is a strong plan or a hard one. On AED 725,000 it means AED 435,000 to reach 60% and AED 290,000 at the end, plus AED 29,000 for the 4% DLD transfer fee.

How does the price compare with the rest of JVC?

JVC's 2026 ready-market average is printed between AED 1,337 and AED 1,461 per sq ft. A 416 sq ft studio at AED 725,000 works out near AED 1,743, or 19% to 30% more. The launch price of AED 630,000 was about AED 1,514 per sq ft, much closer to the community.

Who is Tabeer Development?

Tabeer Starwood Holding Limited, a Dubai developer of mid-rise residential buildings. Its other Dubai projects are in Arjan — 48 Parkside, 187 apartments over ten floors, and Parkside Boulevard. Portal profiles link the name to Starwood Capital Group and to hotels including the St. Regis, W and Westin Dubai; we could not verify that, so do not buy on it.

Is it registered with the Dubai Land Department?

It is sold as a DLD-registered off-plan project with a DLD-approved escrow account, but no source we checked prints the project number. Look it up on the Dubai REST app, where you can also read the construction-progress percentage — on this project that second number matters more than usual.

What will it rent for, and what does it cost to hold?

JVC studios rent for AED 35,000 to AED 70,000 a year. At AED 48,000 a AED 725,000 studio grosses about 6.6%. Service charges in JVC run AED 10 to 13 per sq ft a year, so roughly AED 4,200 to AED 5,400 on a 416 sq ft studio, which takes the net nearer 5.9%.

Can a foreign national buy, and does it qualify for a Golden Visa?

JVC is freehold, open to every nationality with no local partner and no residence requirement, and the title deed is issued in your own name. At AED 725,000, about USD 197,400, a studio sits well under the AED 2 M Golden Visa threshold; a 2 BHK at AED 1.5 M does not reach it either unless combined with another holding in the same name.

What are the risks specific to this project?

Two dates missed, a building last reported at 12% complete, an ask 15% above launch, and a developer with no completed Dubai residential building we could verify. None of that is fatal alone — Dubai projects recover from worse — but together they mean you should be paid for the risk in the price rather than paying a premium for it.

For the revised completion date, the current progress figure and the full price list by layout, talk to Realty Hunting and we will put the questions to the developer with you.

Compare with other Dubai projects

Also in Jumeirah Village Circle: Aria By Grovy (from AED 740,000, ready), Livel Residenza (from AED 750,000, handover 2026), Binghatti Phoenix (from AED 699,000, ready) and Aces Chateau (from AED 695,000, ready). See every Jumeirah Village Circle project with prices and handover dates.

More by Tabeer: 48 Parkside (from AED 875,000, ready).

A similar budget elsewhere in Dubai: Al Waleed Garden 2 (from AED 725,000, ready), Century (from AED 730 K, off-plan) and Durar 1 (from AED 730,000, ready).

Read next: Apartments for Sale in JVC, Dubai: Prices and Yields · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.