Floarea Skies Jumeirah Village Circle Dubai
● Jumeirah Village Circle (JVC)
Floarea Skies Jumeirah Village Circle Dubai is a Residential project by Mashriq Elite Developments in Jumeirah Village Circle (JVC). Prices start at around AED 666,000 (about Rs 1.71 Cr). Current status is under construction. Below you will find the price, sizes, DLD registration details, location notes, pros and cons, and answers to the questions buyers ask most.
Quick Facts
| Project | Floarea Skies Jumeirah Village Circle Dubai |
| Developer | Mashriq Elite Developments |
| Location | Jumeirah Village Circle (JVC) |
| Type | Residential |
| Sizes | About 398 - 1,170 sq ft (saleable); no source prints a size against each unit price |
| Starting Price | AED 666,000 (about Rs 1.71 Cr) onwards |
| Status | Under Construction |
| DLD Project Number | Registered with the Dubai Land Department (DLD) under Mashriq Elite Developments with a DLD-approved escrow account; the project number is not published by the sources checked — verify it on the Dubai REST app before paying a booking amount. |
Prices & details are indicative. Please confirm the latest with our advisor or the builder before booking.
Sizes & Pricing
| Configuration | Size | Price | Best for |
|---|---|---|---|
| Residential | About 398 - 1,170 sq ft (saleable); no source prints a size against each unit price | AED 666,000 (about Rs 1.71 Cr) onwards | Families & end-users |
Prices are indicative. Confirm the latest cost sheet with us.
About 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
| Project | Floarea Skies, Jumeirah Village Circle, Dubai |
|---|---|
| Developer | Mashriq Elite Developments |
| Community | Jumeirah Village Circle, off Al Khail Road and Hessa Street |
| Tower | 23 storeys — ground, four podium levels, 19 residential floors |
| Units | 192 apartments |
| Configurations | Studio, 1 BHK, 2 BHK |
| Sizes | About 398 to 1,170 sq ft |
| Starting price | AED 666,000 (about Rs 1.71 crore) for a studio |
| In US dollars | About USD 181,000 (the dirham is pegged at AED 3.6725 to the dollar) |
| Payment plan | 20% booking, 30% construction, 50% handover; a post-handover variant is also quoted |
| Handover | Q3 2027 (portals), Q4 2027 (developer); one page prints Q4 2028 |
| Status | Under construction — ground broken |
| DLD | Registered; project number not printed by the sources checked |
Price and unit pricing
| Unit | Size | From (AED) | About (Rs) | Implied AED per sq ft |
|---|---|---|---|---|
| Studio | From about 398 sq ft | 666,000 | 1.71 crore | About 1,673 |
| 1 BHK | Not published by type | 1,050,000 | 2.70 crore | Ask for the floor plate |
| 2 BHK | Up to about 1,170 sq ft | 1,500,000 | 3.86 crore | About 1,282 at the top size |
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.
| On the AED 666,000 studio | AED | About Rs |
|---|---|---|
| 20% on booking | 133,200 | 34.3 lakh |
| 30% during construction | 199,800 | 51.4 lakh |
| 50% at handover | 333,000 | 85.7 lakh |
| 4% DLD transfer fee | 26,640 | 6.9 lakh |
| Total before service charges | About 692,640 | About 1.78 crore |
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.
Dubai property calculator — costs, cash needed and net rent
Works from any country: pick your currency, or type your own rate. Fees follow the DLD schedule; rent figures are yours to set.
| Charge | AED | Your currency |
|---|
Fee basis: DLD transfer 4% of price, plus a DLD admin fee of AED 580 on a ready unit and AED 40 at Oqood on an off-plan one; registration trustee AED 2,000 below AED 500,000 and AED 4,000 from AED 500,000, plus 5% VAT (AED 2,100 or AED 4,200); title deed and map about AED 500; agency 2% plus 5% VAT where used; mortgage registration 0.25% of the loan plus AED 290. Rates shown are indicative, read on 9 September 2026, and the pegged ones (USD and the GCC currencies) do not move — edit the rate box for anything else. This is an estimate to plan with, not a quotation, and it does not cover tax in your own country.
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 for Floarea Skies?
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 for Floarea Skies?
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: Cubix Residences (from AED 670,000, ready), Binghatti Circle (from AED 674,999, handover 2027), Apex (from AED 655,000, ready) and Binghatti Gardenia (from AED 680,000, 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: The Archive (from AED 666,000, handover 2028), Samana Resorts (from AED 669,000, handover 2028) and Mayas Geneva (from AED 659,047, 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.
Project Highlights
- ✓ A 23-storey tower — ground, four podium levels and 19 residential floors — with 192 apartments on a 20,441 sq ft plot in Jumeirah Village Circle
- ✓ Studios from AED 666,000 (about Rs 1.71 crore), 1 BHK from AED 1,050,000 and 2 BHK from AED 1,500,000
- ✓ Sizes across the building run about 398 to 1,170 sq ft; no source publishes a size against each price
- ✓ The studio at AED 666,000 sits just under JVC's AED 682,000 studio average, and at about AED 1,673 per sq ft it is roughly 25% above the community's AED 1,337 average rate
- ✓ Payment plan most often quoted as 20% booking, 30% during construction and 50% at handover; a 20/30/20 plus 30% over 30 months post-handover version and a 10/40/50 also appear
- ✓ Handover printed as Q3 2027 on portals and Q4 2027 in the developer's groundbreaking announcement; one page carries Q4 2028
- ✓ Mashriq Elite delivered Floarea Residence in Arjan (206 homes, Dh150 million) on time and has since handed over Floarea Grande — two completed buildings in total
- ✓ No published entry price here reaches the AED 2 million Golden Visa threshold
Pros & Cons
- +Studio entry at AED 666,000 is below the AED 682,000 JVC studio average on 2026 market data
- +Only 192 apartments in the tower, which keeps the service-charge base and the lift load sensible
- +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 recorded a 7.43% gross yield in Q2 2026, the best among Dubai's established communities
- +Circle Mall inside the community and three motorways at its edge
- –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 against each unit price
- –Two delivered buildings is a thin record for a 23-storey tower
- –No metro station in JVC before roughly 2029, and that date is a plan, not a contract
Who Should Buy & Who Should Avoid
- +Yield investors buying the studio at AED 666,000, where the JVC rent maths works
- +Buyers who want a 192-home 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
- +Investors who want a 2 BHK in JVC under AED 1.5 million
- –Anyone who needs the AED 2 million Golden Visa threshold from a single unit here
- –Buyers who need a firm handover date — the spread is a year, possibly two
- –Families wanting 3 BHK; the tower stops at 2 BHK
- –Anyone unwilling to verify the project number and escrow account on the Dubai REST app first
Handover Timeline
Two dates are on record and a third appears once: Q3 2027 on most portals, Q4 2027 in the developer's own groundbreaking announcement, and Q4 2028 on one listing page. Ground has been broken and the tower is under construction. The SPA completion date is the document that settles it; the DLD construction-progress percentage on the Dubai REST app tells you how far the build has actually got.
Location Map
About Mashriq Elite Developments
Mashriq Elite Developments is a young Dubai residential developer with 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. Floarea Skies is its fourth residential project and its first in JVC. Two completed buildings is real evidence, but it is not a long record, and there is no data yet on how the company performs under stress.
Payment Plan
Specifications
💬 Our View
Floarea Skies gets the absolute price right and the per-square-foot price wrong, which is the usual trade on a compact new-build. At AED 666,000 the studio is cheaper than the typical JVC studio, and in a district that rents by the unit that is the number that pays you; at about AED 1,673 per sq ft it is a quarter above the community rate, which is what you give back on resale. The developer is the second question. Two completed Arjan buildings, both delivered, is genuine evidence and better than several JVC launches can show, but it is two buildings. The third question is the date, and there the sources are a year and a half apart. None of this makes it a bad buy at the studio level; it makes it a buy that needs three documents before the booking amount moves.
Frequently Asked Questions
What is the price of Floarea Skies? +
What is the payment plan for Floarea Skies? +
When is the handover for Floarea Skies? +
Who is Mashriq Elite Developments? +
Is it registered with the Dubai Land Department? +
What service charge should I budget? +
What rental yield is realistic? +
Can an Indian buyer own here, and does it qualify for a Golden Visa? +
How many homes are in the building? +
Final Verdict
Worth a look for a studio investor who wants JVC yield at an entry price below the community average and is comfortable with a developer only two buildings into its record. Less convincing at 1 BHK and 2 BHK, where no source prints a size against the price. Get the SPA completion date, the DLD project number and the escrow account confirmed before you pay anything.