Park One Jumeirah Village Triangle Dubai

Park One is a completed five-storey block of 56 homes in JVT District 1, built by Swiss Property with Quilvest Holdings Ltd. Construction started in October 2015 and the building was finished in April 2018, so this is not an off-plan sale: whatever you buy here is standing, tenanted or ready to occupy, and you can walk the actual apartment before you pay. Homes run from 534 sq ft studios to 1 and 2 BHK of 918 to 1,608 sq ft, and they were handed over furnished.

Because it is a resale building, there is no developer price list — there are asking prices. Current agency listings put the available units at AED 650,000 to 900,000 (about Rs 1.67 to 2.32 crore), while a property-data site records the building's wider transacted and listed range as AED 420,000 to 1,500,000. Rent is the reason most people look at it: listed rents sit at AED 52,000 to 55,000 a year, one portal's building average is AED 62,211, and a data site puts the return at up to 6.8%. This page works out what that actually nets after service charges.

At a glance

Price and unit pricing

The two ranges are not in conflict; they are measuring different things. AED 420,000 to 1,500,000 is the full spread a data site has on the building over time and across unit types. AED 650,000 to 900,000 is what an agency says is actually available right now. Only a live listing and the DLD's own transaction record for the building settle the question, and your broker can pull the second for you in a morning.

On rate, the studio at about AED 1,217 per sq ft and the larger homes at AED 930 to 980 both sit inside or below JVT's 2026 apartment band of AED 1,000 to 1,400 per sq ft. That is the plain case for this building: a finished, furnished home at or under the community's average rate, with no construction risk and no waiting.

What it costs to buy and what it earns

A ready resale is a different cost stack from an off-plan booking. There is no construction schedule; you pay the price, and then the transfer costs on the day. Worked on an AED 650,000 studio:

Now the income side. A studio here rents in the listed AED 52,000 to 55,000 band. On AED 689,000 of cash in, AED 52,000 is a gross yield of about 7.5%. JVT service charges run AED 10 to 14 per sq ft a year for apartments, so a 534 sq ft studio carries roughly AED 5,300 to 7,500. Take that off and add a month of vacancy in a normal year and the net lands near 6.0 to 6.5% — in the same place as the up-to-6.8% return a data site records for the building, and consistent with JVT's community figures of 6.5 to 8.0% gross and 4.5 to 6.5% net.

The building's average rent of AED 62,211 sits above the listed studio band because it mixes in the 1 and 2 BHK. Do not apply it to a studio.

Location and connectivity

Jumeirah Village Triangle is JVC's quieter neighbour on the other side of Al Khail Road: the same freehold mid-market idea, more villas and townhouses in the mix, fewer towers and less of the construction churn. District 1 is on the side nearest Al Khail, which is the road that carries you to Dubai Marina, Al Barsha and, further round, Business Bay.

The trade-offs are the familiar ones for this part of Dubai. There is no Dubai Metro station in JVT, so the community runs on cars and taxis. Retail is local rather than grand — supermarkets, clinics and small parades inside the community, with Mall of the Emirates and Circle Mall the nearest full-size centres. In exchange you get low-rise streets, a lot of greenery for the price and rents that hold up because families stay.

For the off-plan alternative one district across, see Vivanti Residences in JVC; for a cheaper entry further into Dubailand, see Albero by ORO24. You can also browse all Dubai projects we track and our full projects list.

Amenities and specifications

For a 56-home block, the shared facilities are better than the count suggests: a rooftop swimming pool, a rooftop barbecue area, a fully equipped gym, a children's play room, a grocery store in the building, basement parking for residents, covered outdoor parking for visitors and 24-hour security.

Homes came furnished, with air conditioning, high-speed internet and cable television provisioned. Studios have fitted kitchens, fitted wardrobes, a separate hallway and sleeping area, and some have balconies. The important point about a 2018 building is that condition now varies unit by unit: eight years of tenants leave different marks. Inspect the actual apartment, check the air-conditioning service history and ask the owners association for the building's reserve-fund position before you commit.

About the developer

Swiss Property is registered with the Dubai Land Department as developer number 1103, dated September 2015. It positions itself as a boutique developer rather than a volume builder, and a property-data site associates it with two projects registered through itself and its subsidiaries. Park One, built with Quilvest Holdings Ltd, is the one that matters here, and it is finished — started October 2015, completed April 2018.

That is a small record, but on a completed building it counts for much less than it would off-plan. You are not buying a promise from Swiss Property; you are buying a standing asset whose quality you can inspect. The developer's history matters mainly for the building's ongoing management and the state of the common areas, both of which you can judge with your own eyes on a viewing.

For Indian buyers

JVT is a designated freehold area, so an Indian citizen can buy here outright and hold the title deed in their own name, with no residency requirement and no local partner. At AED 650,000 the entry is about USD 177,000, which fits inside one person's USD 250,000 Liberalised Remittance Scheme allowance for the financial year with room left for the transfer costs. A couple remitting USD 250,000 each could take on the 2 BHK end of the building in a single year.

Nothing in this building reaches the AED 2 million Golden Visa threshold — the top of the recorded range is AED 1.5 million. If the visa is the objective, buy elsewhere or buy more than one property, since the threshold can be met across holdings.

The UAE charges no annual property tax and no yearly levy on the owner, and a residential resale does not attract VAT; your only standing cost is the service charge, which on a studio here is roughly AED 5,300 to 7,500 a year. Rent you earn in Dubai is taxable in India in your hands once you are an Indian resident, and the India-UAE double-taxation avoidance agreement governs how it is treated — get the exact position from your chartered accountant. The real advantage of a ready building for a remote buyer is timing: the rent starts the month you complete, so the LRS money you send is earning from day one rather than sitting in an escrow account for three years.

Pros and cons

• Pro: Completed in April 2018 — no construction risk, and rent starts on completion of the transfer.
• Pro: About AED 1,217 per sq ft on a studio, inside JVT's 2026 band of AED 1,000 to 1,400.
• Pro: Roughly 7.5% gross and 6.0 to 6.5% net on a studio at AED 650,000 renting at AED 52,000.
• Pro: Only 56 homes, with a rooftop pool, gym, play room, in-building grocery and basement parking.
• Pro: Delivered furnished, which shortens the gap between transfer and the first tenant.
• Con: An eight-year-old building: condition varies by unit and the reserve fund matters.
• Con: The two price ranges on record differ widely (AED 420,000 to 1,500,000 against AED 650,000 to 900,000 available now).
• Con: Nothing here reaches the AED 2 million Golden Visa threshold.
• Con: No Dubai Metro station in JVT, and retail inside the community is small-scale.
• Con: Swiss Property is a small developer with two registered projects, so there is little comparable stock to benchmark build quality against.
• Con: No source publishes the building's actual service charge per sq ft, so the net yield above is an estimate from JVT's community range.

Who this is for

• Yield buyers who want rent from the first month rather than in 2028.
• First-time Dubai buyers who want to inspect the exact home before paying.
• Buyers who want a small, low-rise building with parking rather than a 500-home tower.

Who should look elsewhere

• Golden Visa buyers — the building tops out below AED 2 million.
• Buyers who want a long off-plan payment plan; a resale is cash or a UAE mortgage.
• Anyone who needs a metro connection or full-scale retail on foot.
• Buyers who want a brand-new fit-out and warranty rather than an eight-year-old furnished home.

Our verdict

Park One does the plainest thing in Dubai property well: it is finished, it is small, it is priced at or under its community's rate, and it pays rent now. On the numbers available, a studio bought near AED 650,000 and let at AED 52,000 returns about 7.5% gross and 6.0 to 6.5% net after JVT's service charges, which is a solid, unglamorous result and close to what the building is already recorded as returning.

The work you have to do is the work every resale demands. Pull the DLD transaction record for the building, view the actual unit, read the owners association accounts and the service-charge notice, and confirm the tenancy contract and its renewal date if the unit is let. None of that is difficult, and all of it is more useful than any brochure. Talk to Realty Hunting if you want the current availability in the building and a viewing plan.

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 an apartment in Park One?

Current agency listings put available units at AED 650,000 to 900,000 (about Rs 1.67 to 2.32 crore). A property-data site records a wider range of AED 420,000 to 1,500,000 across the building over time. There is no developer price list because the building was completed in April 2018 and everything sold here is a resale.

Is Park One ready or off-plan?

Ready. Construction started in October 2015 and the building was completed in April 2018. You can view the exact apartment, and rent starts as soon as the transfer completes.

How do I pay for a resale here?

Cash or a UAE mortgage; some agencies and sellers offer instalments. There is no developer construction plan. On the day of transfer you pay the 4% DLD transfer fee, the DLD registration trustee's fee, the agency commission (normally 2%) and the owners association NOC fee. On AED 650,000 that is about AED 689,000 of cash in.

What rent and yield can I expect at an apartment in Park One?

Studios are listed at AED 52,000 to 55,000 a year; the building's average across all unit types is AED 62,211 and a data site records a return of up to 6.8%. On AED 689,000 of cash in, AED 52,000 is about 7.5% gross, and roughly 6.0 to 6.5% net after JVT service charges of AED 10 to 14 per sq ft and a month of vacancy.

What is the service charge at an apartment in Park One?

The building's own rate is not published by any source we checked. JVT apartments run AED 10 to 14 per sq ft a year, so a 534 sq ft studio carries roughly AED 5,300 to 7,500. Ask the owners association for the current notice and the reserve-fund position before you buy.

Who built it and is it registered with the Dubai Land Department?

Swiss Property, with Quilvest Holdings Ltd. Swiss Property is DLD developer number 1103, registered in September 2015, and a data site associates it with two registered projects. The project number for Park One is not printed by the sources we checked; on a completed building what matters more is the title deed, which the DLD issues in your name at transfer.

How big are the apartments at an apartment in Park One?

Studios start at about 534 sq ft, and the 1 and 2 BHK run from about 918 to 1,608 sq ft, across 56 homes in five storeys. Homes were handed over furnished, with air conditioning, internet and cable television provisioned.

Does an apartment in Park One qualify for a Golden Visa?

No. The Golden Visa needs AED 2 million of property and the highest figure on record in this building is AED 1.5 million. The threshold can be met across more than one property, so a second purchase elsewhere is the route if the visa is the goal.

Can an Indian citizen buy at an apartment in Park One?

Yes. JVT is a designated freehold area open to any nationality, with no residency requirement and no local partner, and the Dubai Land Department issues the title deed in your own name. At about USD 177,000 the entry fits inside one person's USD 250,000 annual LRS allowance with the transfer costs covered.

Compare with other Dubai projects

A similar budget elsewhere in Dubai: Azizi Neila (from AED 650,000, handover 2027), Azizi Riviera (from AED 650,000, ready) and Community Sports Arena (from AED 650,000, handover 2027).

Read next: Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.