Floarea Skies Jumeirah Village Circle Dubai

Floarea Skies is Mashriq Elite Developments' 23-storey tower of 192 apartments in Jumeirah Village Circle — studios, 1 BHK and 2 BHK on a 20,441 sq ft plot, built as ground plus four podium levels and 19 residential floors. Studios start at AED 666,000 (about Rs 1.71 crore), 1 BHK at AED 1,050,000 and 2 BHK at AED 1,500,000, with sizes running 398 to 1,170 sq ft.

It is the developer's fourth residential project and its first in JVC. The plan quoted most often is 20% on booking, 30% through construction and 50% at handover. Handover is printed as Q3 2027 by the portals and Q4 2027 in the developer's own groundbreaking announcement; one page carries Q4 2028. This page prints all three and works the entry studio through to a total cost.

At a glance

Price and unit pricing

The portals publish a size range for the building but not a size against each price, so the studio rate is firm and the other two are inferred. Treat them as questions for the developer, not facts.

JVC's ready market averages about AED 1,337 per sq ft, with one 2026 market page putting it at AED 1,364 and the typical JVC studio at AED 682,000. Floarea Skies asks AED 666,000 for a studio — slightly under that community studio average in absolute money, and about 25% above the community rate per sq ft because the unit is small. JVC rents by the unit, not by the square foot, so the absolute number is the one that pays you.

Payment plan and total cost

Three schedules are in print: 20/30/50 (booking, construction, handover), a version paying 20/30/20 with the last 30% over 30 months after handover, and a 10/40/50. The schedule attached to your reservation form and the SPA is the one that counts.

Add the DLD's Oqood registration and trustee admin fees, a few thousand dirhams, and the annual service charge. JVC service charges run about AED 13 to AED 22 per sq ft a year on one 2026 guide and AED 10 to AED 18 on another, so a 398 sq ft studio should budget AED 5,200 to AED 8,800 a year. Dubai charges no annual property tax, and a residential sale does not attract VAT.

Location and connectivity

JVC sits where Al Khail Road (E44), Sheikh Mohammed bin Zayed Road (E311) and Hessa Street (D61) meet. Circle Mall is inside the community, Mall of the Emirates is a 10 to 15 minute drive, and Dubai Marina, Internet City and Downtown Dubai are all roughly 20 minutes.

There is no Dubai Metro station in JVC today. The nearest Red Line station is Mall of the Emirates, about 15 minutes away with the J01 feeder bus, and published network plans put a JVC station on the Blue Line around 2029 — planned, not built. See how the community prices against this tower on all Dubai projects we track, and the wider list under projects.

Amenities and specifications

Four podium levels of parking and shared space sit beneath 19 residential floors, the standard JVC format. Apartments are quoted with balconies and built-in wardrobes. No fit-out, appliance or smart-home schedule is published, so do not assume the branded kit neighbouring towers advertise. Final specification as per the SPA.

About the developer

Mashriq Elite Developments has a short but clean record. It delivered Floarea Residence in Arjan — 206 homes, a Dh150 million project — on time, and has since handed over Floarea Grande in the same district. Its active pipeline is reported at more than Dh1 billion and over 1,000 homes across five communities, including Floarea Vista in Discovery Gardens, Floarea Oasis in Dubai Land Residential Complex and Floarea Breeze on Dubai Islands.

That is two completed buildings, not twenty. The Arjan handovers are the evidence that matters, and there is not yet a long enough record to say what happens under stress. Compare it with the developer behind Luxor by Imtiaz, which has over 2,000 homes delivered, or the 2006-founded builder behind Legado by Prescott, both a few streets away.

For Indian buyers

JVC is a designated freehold community, so an Indian national can own here outright, with the title deed issued by the Dubai Land Department. There is no residency requirement and no local partner.

Money leaves India under the Reserve Bank of India's Liberalised Remittance Scheme, capped at USD 250,000 per person per financial year. The studio at about USD 181,000 fits inside a single year's allowance; a couple has USD 500,000 and can cover the 2 BHK outright. No published entry price here reaches the AED 2 million threshold for the 10-year Golden Visa, so buy this for the yield, not the visa.

JVC produced a 7.43% gross yield in Q2 2026, the highest of any established Dubai community. A studio bought at AED 666,000 and let at the AED 50,000 a JVC studio commonly fetches is about 7.5% gross, roughly 6.5% after the service charge. The UAE charges no annual property tax and no VAT on a residential sale; the rent is taxable in India for an Indian resident with no UAE tax to set against it. JVC is the most liquid mid-market resale pool in Dubai and also the most heavily supplied, so a 2027 handover lands with competition.

Pros

• Studio entry at AED 666,000 is below the AED 682,000 JVC studio average on the 2026 market data
• Only 192 apartments in the tower, so the service-charge base and the lift load stay sane
• The developer delivered Floarea Residence in Arjan on time and has since handed over Floarea Grande
• A 50% balance at handover keeps pre-handover cash at half the price, useful if you plan a UAE mortgage
• JVC's 7.43% gross yield in Q2 2026 is the best among Dubai's established communities

Cons

• The studio works out at about AED 1,673 per sq ft against a JVC average near AED 1,337 — a 25% new-build premium
• Three handover dates in print: Q3 2027, Q4 2027 and Q4 2028
• Three payment schedules quoted, from 10/40/50 to a 30-month post-handover version
• No source publishes the DLD project number, the escrow bank, the service charge or a size per unit price
• No metro station in JVC before roughly 2029, and that date is a plan, not a contract

Who this is for

• Yield investors buying the studio at AED 666,000, where the JVC rent maths still works
• Buyers who want a small tower rather than a 400-unit block, and will accept a young developer for it
• Indian buyers funding the purchase inside one LRS year without a mortgage

Who should look elsewhere

• Anyone who needs the AED 2 million Golden Visa threshold from a single unit here
• Buyers who need a firm handover date — the spread here is a year, possibly two
• Anyone unwilling to verify the project number and escrow account on the Dubai REST app first

Our verdict

Floarea Skies is a fair entry-level JVC bet with two honest weaknesses. The studio price is competitive in absolute money and expensive per square foot, which is what a compact new-build always is. The developer has delivered twice and on time, more than several JVC launches can say, but two buildings is a short record and the gap between Q3 2027 and Q4 2028 is one you close with a document, not a conversation.

Get the SPA completion date, the project number and the escrow account in writing, confirm which payment schedule applies, and ask for the size of the exact unit you are buying.

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 Floarea Skies?

Studios start at AED 666,000 (about Rs 1.71 crore), 1 BHK at AED 1,050,000 and 2 BHK at AED 1,500,000. Sizes run about 398 to 1,170 sq ft, but no source prints a size against each price — ask for the price list by unit.

What is the payment plan?

Most sources show 20% on booking, 30% during construction and 50% at handover; a second version pays 20/30/20 with 30% over 30 months after handover, and a third shows 10/40/50. On the AED 666,000 studio that is AED 133,200 down, AED 199,800 in instalments and AED 333,000 at handover, plus AED 26,640 for the 4% DLD transfer fee.

When is the handover?

Q3 2027 on most portals, Q4 2027 in the developer's groundbreaking announcement, and Q4 2028 on one page. The SPA completion date settles it; the DLD construction-progress figure on the Dubai REST app shows how close the build is.

Who is Mashriq Elite Developments?

A young Dubai developer that delivered Floarea Residence in Arjan, 206 homes, on time, and has since handed over Floarea Grande. Its pipeline is reported at more than Dh1 billion across five communities.

Is it registered with the Dubai Land Department?

It is sold as a DLD-registered off-plan project with an escrow account, but none of the sources checked prints the project number or names the escrow bank. Check both on the Dubai REST app before paying a booking amount.

What service charge should I budget?

No source publishes this building's rate. JVC guides put service charges at AED 10 to AED 22 per sq ft a year, so a 398 sq ft studio should budget about AED 5,200 to AED 8,800.

What rental yield is realistic?

JVC recorded a 7.43% gross yield in Q2 2026. A studio bought at AED 666,000 and let at the AED 50,000 a JVC studio commonly fetches is about 7.5% gross and close to 6.5% after the service charge.

Can an Indian buyer own here, and does it qualify for a Golden Visa?

Yes — JVC is freehold, the title deed is issued in your own name and there is no residency requirement. The studio at about USD 181,000 fits inside one LRS allowance of USD 250,000. No published entry price here reaches the AED 2 million Golden Visa threshold. Any nationality can own on the same terms.

Talk to Realty Hunting for the current price list by unit size, the SPA completion date in writing, and a site-visit plan for JVC.

Compare with other Dubai projects

Also in Jumeirah Village Circle: Legado by Prescott (from AED 650,000, handover 2027), Elitz 3 By Danube (from AED 649,000, handover 2026), Binghatti Tulip (from AED 689,000, ready) and Aces Chateau (from AED 695,000, ready). See every Jumeirah Village Circle project with prices and handover dates.

More by Mashriq Elite: Floarea Grande (from AED 670,000, handover 2026), Floarea Residence (from AED 625,000, ready) and Floarea Oasis (from AED 620,000, handover 2028).

A similar budget elsewhere in Dubai: Samana Resorts (from AED 669,000, handover 2028), AUREL1A Residence (from AED 674 K, handover 2027) and Al Waleed Garden (from AED 675,000, 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.