Belgravia is a residential complex located in the heart of Jumeirah Village Circle. It was developed by Ellington Properties and commissioned in 2020.
Belgravia consists of three five-story buildings totaling 100,000 sq. ft (9,290 sq. m). The complex consists of 225 units with floor plans featuring studios and apartments with one, two, and three bedrooms.
Building amenities include covered parking, high-speed elevators, concierge services, and on-site security. Residents can also enjoy the complex’s private event space, fitness centre, pool table, recreation area, indoor playground, and pools for adults and children.
Property sizes range from 400 sq. ft (37 sq. m) to 2,597 sq. ft (241 sq. m), and the cost of a unit ranges from AED 450,000 (USD 122,500) to AED 2,300,000 (USD 626,000).
Belgravia’s apartments rank number one in profitability with regards to real estate investments in the Jumeirah Village Circle area. The return on investment rate is approximately 8.5 to 9.5%. The annual rental cost in the complex ranges from AED 60,000 (USD 16,300) to AED 120,000 (USD 32,600), and the investment is projected to see payback within 12 to 15 years.