Midora Residences Jumeirah Village Circle Dubai

Midora Residences is a high-rise of about 492 units in District 13 of Jumeirah Village Circle (JVC), Dubai, by QUBE Development, with studios, 1 to 3 bedroom apartments and 17 duplexes. PropertyPistol lists it from AED 1.2 M, about Rs 3.09 crore at Rs 25.75 per dirham, and tags the listing "studio units" with possession in March 2027.

That AED 1.2 million figure needs a caveat. Every other source we checked quotes studios at AED 619,300 to 697,000 and 1 bedroom units from about AED 1.27 million, so the PropertyPistol price sits in the 1 bedroom band, not the studio band. We list the PropertyPistol number because that is the rule for this section, and print the full unit price table below so you can see where it falls. The handover is also printed four ways, from March to December 2027.

At a glance

Price and unit pricing

Two portal price lists are in circulation, one dated July 2024 and one undated but with slightly different sizes. They agree within a few per cent on every unit type. PropertyPistol's AED 1.2 million is the outlier for a studio, and in our reading it is a 1 bedroom price attached to a studio label. Ask the developer for the current list with unit numbers on it before you compare.

The JVC median transacted price was AED 1,347 per sq ft in July 2026 on DLD data (RE/MAX Hub). Midora's studios and 1 bedrooms are 10 to 30 per cent above that, which is normal for a new tower with a podium park against a median that includes ten-year-old buildings. The 2 and 3 bedroom units land close to or below the median on rate, so the larger units are the better-priced ones here on a per sq ft basis. One portal prints "AED 3,050 per sq ft" for this project; that is the AED 1.2 million figure divided by a studio size and should be ignored.

Payment plan and total cost

The launch plan was 60/40. Brokers now quote 10 per cent on booking, 50 per cent during construction and 40 per cent on handover, and one lists a post-handover option in which 20 per cent is paid over 10 months after keys. Worked on the PropertyPistol entry price of AED 1,200,000 under the 10/50/40 plan:

On a studio bought at the portal price of AED 619,300 the same plan comes to about AED 644,100 with the DLD fee. Service charges in JVC run AED 13 to 22 per sq ft a year; a 49-storey tower with pools, a podium park and retail will be at the upper end, so budget about AED 8,000 to 9,000 a year on a 394 sq ft studio and AED 16,000 to 19,000 on an 890 sq ft 1 bedroom. The actual rate is set by the DLD-approved budget after handover. Final plan and fees as per the SPA.

Location and connectivity

District 13 is on the south-western side of JVC, close to the Al Khail Road and Hessa Street exits. Drive times from JVC in normal traffic are about 15 to 20 minutes to Dubai Marina and JBR, 15 minutes to Mall of the Emirates, 20 to 25 minutes to Downtown and Business Bay and 25 to 30 minutes to Dubai International Airport. There is no metro in JVC; the nearest Red Line stations are Mall of the Emirates and Dubai Internet City.

JVC has Circle Mall, JSS International School, clinics and hundreds of small shops, and it is the busiest apartment resale market in Dubai by transaction count. It is also still being built: a 43 to 49 storey tower is tall for the district, so the views will be good, but the plots around it are not all developed and construction traffic is a fact of life for the next few years.

Amenities and specifications

Quoted: swimming pools, a gym, a children's playground, walking and jogging paths, private barbecue zones, a podium park and ground-floor retail. Nikken Sekkei is named as design architect, which is unusual at this price point. Fit-out grade, appliance brands and parking ratios are not published; assume one bay per apartment and confirm in writing. Final specification as per the SPA.

About the developer

QUBE Development is registered with the Dubai Land Department as developer number 1692 as of August 2023 and is part of DHG Investments. Its first completed building is Cubix Residences in JVC, which sold out and has been handed over. The current pipeline is Midora in JVC, Arisha Terraces in Dubai Studio City (delivery quoted Q4 2027) and Elire in Business Bay (Q2 2029). The company says it has acquired more than 623,000 sq ft of land and plans AED 2.6 billion of projects.

Read that as a young developer with one delivery and a large pipeline. The "30-year record" in its marketing refers to the group behind it, not to Dubai handovers. Midora at roughly 492 units is many times the size of Cubix, so check the escrow account and the construction progress on the Dubai REST app before each instalment.

For Indian buyers

Ownership. JVC is freehold, so an Indian citizen holds the title deed outright with no residency requirement.

Remittance. LRS allows USD 250,000 per person per financial year, about AED 918,000. A studio at the portal price fits inside one year's limit with the DLD fee. The AED 1.2 million PropertyPistol unit and any 1 bedroom need either two financial years, which a 10/50/40 plan running to 2027 allows, or a spouse as co-buyer to double the limit. TCS applies on remittances above the annual threshold and is claimable in your Indian return.

Golden Visa. The AED 2 million threshold is met only by the 3 bedroom apartments and the duplexes. A 2 bedroom at AED 1.74 to 1.85 million falls short on its own.

Yield and tax. No property or rental income tax in Dubai. JVC studios are quoted at 8 to 10 per cent gross and 1 bedrooms at 7 to 9 per cent in 2026; the community-wide gross on transacted values is about 6.6 per cent. Net of a full-amenity service charge, expect 5 to 6 per cent. Rent is taxable in India as income from house property with the 30 per cent standard deduction; the India-UAE treaty prevents double taxation.

Exit. Nearly 500 units in one tower means many sellers at the same time when handover comes. Studios and 1 bedrooms in JVC are liquid but crowded. If you plan to sell rather than let, a higher floor with a clear view is what will set your unit apart from the other 490.

Pros

• 2 and 3 bedroom units priced at or below the JVC median of AED 1,347 per sq ft
• A full-size podium park, pools and ground-floor retail inside the building
• A named international design architect, rare in JVC at this price
• 10/50/40 and post-handover options spread payments to 2027 and beyond
• Freehold; the 3 bedrooms and duplexes clear the Golden Visa threshold

Cons

• PropertyPistol's AED 1.2 million "studio" price is roughly double the studio price on every other source
• About 492 units in one tower, so heavy competition at resale and letting
• Developer has one completed building; Midora is its first high-rise
• Handover printed as March, August, Q3 and Q4 2027
• Storey count printed as both 43 and 49; no DLD project number found in any source

Who this is for

• Buyers who want a 2 or 3 bedroom in a new JVC tower at a median rate per sq ft
• Investors happy to hold through 2027 on a construction-linked plan
• Indian families who want the Golden Visa and can reach AED 2 million with a 3 bedroom

Who should look elsewhere

• Studio buyers: the entry price is unclear and JVC has cheaper, smaller buildings
• Anyone who wants a delivered building to inspect from the same developer at this scale
• Buyers who need keys before 2027

Our verdict

Midora is priced sensibly on its larger units and is the kind of full-amenity tower that JVC tenants pay a premium for, but it is a first high-rise from a one-delivery developer with a handover that shifts by three quarters depending on who you ask. Buy a 2 or 3 bedroom on a high floor if the DLD record and escrow check out; skip the studio unless the developer confirms a price well under AED 700,000. Compare it with Exotica, a small near-complete building nearby, and Q Gardens Aliya, a mid-rise with a five-year plan, on our Dubai section. The full projects list is here.

FAQs

What is the price of Midora Residences?

PropertyPistol lists it from AED 1.2 M, about Rs 3.09 crore. Portals quote studios from AED 619,300 to 697,000, 1 bedrooms from about AED 1.27 million, 2 bedrooms from AED 1.74 million and 3 bedrooms from AED 2.68 million.

What is the payment plan?

60/40 at launch. Brokers quote 10 per cent booking, 50 per cent during construction, 40 per cent on handover, with a 20 per cent post-handover option over 10 months on one source. Add the 4 per cent DLD fee. Final as per the SPA.

When is handover?

PropertyPistol says March 2027; other sources say August 2027, Q3 2027 and Q4 2027. Get the SPA date in writing.

Is Midora registered with RERA?

QUBE Development is DLD developer number 1692. The project's own registration number is not printed by any source we checked; verify it on the Dubai REST app.

Does Midora qualify for the Golden Visa?

Only the 3 bedroom apartments and the duplexes reach the AED 2 million property threshold on their own.

What are the service charges?

Not yet published. JVC towers with full amenities run about AED 18 to 22 per sq ft a year, so budget AED 8,000 to 9,000 a year for a studio.

What rental yield can I expect?

JVC studios are quoted at 8 to 10 per cent gross and 1 bedrooms at 7 to 9 per cent in 2026, with the community average about 6.6 per cent on transacted values.

Can an Indian buyer purchase, and how does LRS apply?

Yes, JVC is freehold. LRS allows USD 250,000 per person per financial year, about AED 918,000, so a studio fits in one year and a 1 bedroom needs two years or two buyers.

What has QUBE Development delivered?

One building, Cubix Residences in JVC, sold out and handed over. Arisha Terraces in Studio City and Elire in Business Bay are under way.

Talk to Realty Hunting for the developer's current price list, the DLD progress reading and a site-visit plan for Midora Residences.