Jumeirah Village Circle G+1 plots were announced in 2012. G+1 residential plots are raw land where the investor/purchaser has the option of building a customized home in keeping with community by-laws.
Note: We report transaction prices for JVC G+1 plots every quarter. Prices reported are in terms of price per sq. ft. on the plot size. To learn more about pricing trends for other property types in JVC - please visit the Jumeirah Village Circle section of Lookup.ae.
There are a total of 120 plots sold by Nakheel for prices ranging from AED 145 - 185 psf. Typical sizes of the plots are between 5 - 6,000 sq. ft.
The units were sold on a 50 - 50 payment plan. 50% payable upon booking and 50% payable after one year (November 2013) at which time plot owners could begin construction.
G+1 plots in JVC are scattered across the community in all the districts in rows of 8 - 20. All plots are single row and most are park facing. FAR for the plots is 75%. All plans have to be approved by the master-developer Nakheel. As of Q4 2014 - no construction has yet commenced on any of the plots but many plot owners are in the process of getting construction permission.