BELGRAVIA by Ellington: Prices in a Completed JVC Project

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Hello everyone. The images you see of this scheme are not renders but real photographs. In other words the building is finished and the apartments are ready. Today, BELGRAVIA by Ellington is what we are looking at today!

For prices, taxes and the whole buying process, see our guide: Dubai Property Guide

Apartment types, current price range and location: see the project page

Jumeirah Village Circle (JVC)‘de, Ellington Properties a low to mid rise residential scheme developed by. Modern interiors, generous balconies, layouts that work for the user, and at its centre a courtyard. Studio, one and two bedroom options. Pool, fitness, social spaces and children’s play areas. Yes, you read that correctly: this scheme is complete, with no off plan wait.

Prices

• Residences: AED 750,000and up
• Studio, one and two bedroom options
• Size: 40 m²and up
• Low to mid rise, Completed Schemes
• Location: Jumeirah Village Circle (JVC), Dubai

Why does being complete matter? Most of the schemes sold in Dubai are off plan, that is, under construction. At Belgravia you walk the apartment, touch the materials and see the view before you decide. There is no risk of a delayed handover, and you can let it the month you buy. That is not true of most of the Dubai schemes in our portfolio.

Why Belgravia?

Ready to hand over: income starts straight away

In an off plan scheme part of your money stays tied up in the construction for years and income starts after handover. At Belgravia you can let the moment the title transfer completes. The payback period on the investment moves forward by two to three years compared with an off plan scheme. That is a bigger difference than it looks on paper.

• JVC: an established district with shopping centres, restaurants and schools
• Al Khail Road and Sheikh Mohammed Bin Zayed Road connections to every part of the city
• Dubai Marina and Downtown Dubai a short drive away
• Supermarkets, clinics and everyday shops within the area
• A district that draws long term tenants with its family friendly character

A courtyard: a design you do not find in Dubai towers

At the centre of Belgravia there is a landscaped courtyard. That is a rare approach in Dubai’s vertical tower culture and gives the scheme a character on a human scale. For residents it is not just a visual feature but a shared space used in daily life.

Daily life: in a settled neighbourhood

A morning swim in the pool or a coffee in the courtyard, then into the centre on Al Khail Road. Lunch in JVC’s restaurants and cafes. Local shops in the evening; the children’s play area is inside the building. At the weekend Dubai Marina or Mall of the Emirates are a short drive away. JVC is one of the districts where daily life in Dubai is set up most practically.

Belgravia rental yield

Rental demand in JVC is strong and the tenant pool is wide. In this segment the gross rental yield is typically 7% to 8% band.

Belgravia’s concrete advantage is this: that yield starts today. In an off plan scheme you begin to earn the same rate two to three years later. The tenant profile is families and professionals who stay for the long term, which means a low turnover rate. And again: from that income no tax is withheld.

The shared areas and the details that set Belgravia apart

• Courtyard: A landscaped shared space; a rare design in Dubai tower schemes.
• Swimming pool: A pool and lounge area for residents only.
• Fitness facilities: A fully equipped gym with no membership needed.
• Children’s play areas: Part of the family focused planning.
• Social spaces: Shared areas for meeting and relaxing.
• Generous balconies: Outdoor space with every apartment.
• A low to mid rise building: no crowd of towers, a settlement on a human scale.
• Ellington’s design quality: A developer focused on materials and interior detail.

Who is buying?

This project of investors who cannot wait choice. Buyers who do not want their money sitting idle through construction and want the income to start straight away. And those who do not want to take off plan risk: walking the apartment and deciding on what you see is an important element of confidence, particularly for international buyers trying Dubai for the first time. Anyone buying for their own use can move in immediately as well.

Frequently asked questions

Is a completed scheme more expensive? Generally yes, off plan schemes start at a more affordable price. Against that, with off plan the income starts years later and you carry completion risk. At Belgravia the AED 750,000 level is competitive for a completed Ellington scheme.

Can I see the apartment? Yes, the scheme is complete. If you cannot come to Dubai we can arrange a detailed video tour remotely.

Is there a metro in JVC? No. Public transport in the area is limited; in practice you need a car for daily life and commuting.

What is the tenure? JVC is a freehold area; foreign nationals can hold full title. In a completed scheme the title transfer takes place at the trustee office on the same day.

Service charge belli mi? Yes, that is another advantage of completed schemes: the service charge is a real figure, not an estimate. On off plan schemes this item can change at handover. We obtain the current figure for you.

Total cost: what you actually pay when you buy at BELGRAVIA

This is where Dubai’s biggest advantage shows: no property tax, no capital gains tax, no tax on rental income. Where an investor in the United Kingdom deals with stamp duty, income tax and capital gains tax on sale, an individual investor in the Emirates faces none of them. What there is instead is a one off transfer cost. Let us work it out on an apartment worth AED 750,000:

Government fees come to roughly 4.5% of the price; add the agency commission and the total acquisition cost lands in the 6-7% band. With a mortgage there is also a mortgage registration fee of 0.25% of the loan plus bank charges. On resales the developer’s no objection certificate (NOC) can cost between AED 500 and AED 5,000.

The only recurring item after that is the service charge: In the Emirates this charge is calculated per square foot per year and is supervised by the Dubai Land Department. It varies a great deal with the quality of the building and its amenities, and because it feeds straight into the net yield you should always ask for the current figure before buying. We obtain it for every apartment on your behalf.

Golden Visa: ten year residency through property

This is the biggest difference between investing in Dubai and investing in the United Kingdom. Buying property in the UK gives you no right of residence; in the United Arab Emirates, AED 2 million owning residential property worth a ten year Golden Visa. The visa covers your spouse and children as well.

In this project the entry price sits below the threshold. An apartment at the AED 750,000 level is not enough on its own; roughly a further AED 1,250,000 is needed to reach the threshold. The good news is this: the value of several properties can be combined. You can reach the threshold with a larger apartment in the project or with a second property; we work out which combination gets you there.

The rules were relaxed in 2026, and this matters:

• Mortgaged property is accepted as well. A "paid up amount" or a "50% equity" condition used to apply; now the total value reaching AED 2 million is enough.
• Off plan property counts too (provided it was bought from an approved developer). So you can spread the payments across the build and still reach the threshold.
• The value of more than one property can be added together. You do not have to buy a single expensive apartment.

Visa rules are updated from time to time, so we confirm the current conditions with you before an application. If residency is part of your plan, it belongs at the start of the purchase decision, not at the end.

The BELGRAVIA buying process, step by step

If you are buying from another country, the process runs like this:

• 1. Choosing the apartment and making an offer. An offer is put to the seller for the apartment you choose.
• 2. Signing Form F (the MOU). A contract is signed between buyer and seller, usually with a 10% deposit.
• 3. NOC (no objection certificate). Obtained from the developer; it confirms there is no service charge arrears.
• 4. Transfer of title. The parties meet at a DLD authorised registration trustee office, where the 4% DLD fee and the other charges are paid.
• 5. Title deed. The title deed is issued in your name the same day.
• 6. Golden Visa application. If the property is worth AED 2 million or more the residency process can be started.

You can run the whole process from your own country; you do not have to travel to Dubai. There is no restriction on foreign nationals owning property in freehold areas.

Risks and what to watch for

We have set out the strengths; in fairness there are points to watch as well. For BELGRAVIA, these are the ones worth pausing on:

• A completed scheme can cost more than off plan: off plan schemes start at a more affordable price; in return the income starts years later.
• No metro in JVC: Public transport is limited; a car is necessary for daily life and commuting.
• The building is not new: in a completed scheme the structure is of a certain age; have a survey done before completion.
• Supply is heavy in JVC: There are many towers in the area; competition to let is strong.

None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.

How does BELGRAVIA compare with the alternatives?

Before you decide, it is worth looking at the other projects in the same budget band:

• ETHEREA by Binghatti: A new build, low density alternative in the same district.
• ARBOR VIEW: The same developer’s boutique scheme with generous layouts in Arjan.
• Belmont Residences: A boutique, low density alternative in JVT.

We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.

Answers to the most common questions on this topic: Can You Buy Property in Dubai in Instalments? How Payment Plans Work