Jumeirah Village Triangle Witnesses New Construction Project as Rents and Investment Yields Soar
In the heart of Dubai, a new mixed-use development is set to redefine the city's real estate landscape. SOL Properties, with a 50-year track record and over 250 projects under its belt, has launched SOL Levante in Jumeirah Village Triangle (JVT), a vibrant area valued at AED 1 billion.
JVT: A High-Yielding Environment for Tenants and Investors
JVT's strategic location near major roads, proximity to business hubs, schools, and family-friendly amenities has made it increasingly attractive to both tenants and investors. In 2024, apartment rentals in JVT increased by over 20% year-on-year, and this trend continues to draw interest from property seekers.
Despite a slight decline in rents in mid-2025, JVT remains a lucrative investment opportunity. Gross rental yields for studio and one-bedroom apartments in JVT are approximately 9%, which is quite high compared to many other Dubai areas.
SOL Levante: Modern Affordable Living in a Seeked-After Location
SOL Levante will feature 600 residential units, including studios, one-bedroom, up to three-bedroom apartments, starting at an entry price of AED 736,000. The development, scheduled for completion in Q3 2028, will offer a U-shaped tower with four podium levels hosting around 100,000 sq ft of Grade A office space and 50,000 sq ft of retail space.
Extensive amenities such as temperature-controlled pools, gyms, fitness zones, outdoor cinema, mini-golf, co-working spaces, and social areas are planned to create a seamless indoor-outdoor lifestyle. SOL Levante is poised to strengthen JVT’s attractiveness for residents and investors.
Market Context and Outlook
The Dubai property market is experiencing growth, with median apartment asking prices rising by about 12% year-on-year in Q1 2025. However, some mid-income areas like JVT saw rent declines amid more mixed dynamics.
Despite these fluctuations, Dubai's expansion plans, including the 2040 Urban Master Plan and metro line extensions (Blue & Purple Lines), will further enhance accessibility and attractiveness of JVT in the medium to long term. Investor interest remains high due to Dubai's growing status as a wealth hub, though some price and rent adjustments may continue as supply increases.
In summary, JVT currently offers investors strong rental yields and good prospects for capital growth. While rents have softened slightly recently, large-scale projects like SOL Levante and enhanced connectivity are expected to bolster demand and further solidify JVT's position as a desirable community through 2025 and beyond.
[1] Dubai's 2040 Urban Master Plan and metro extension are anticipated to further boost JVT's appeal. [2] SOL Levante spans a U-shaped tower with four Grade A office podium levels, 50,000 sq ft of retail space, and 20 residential floors. [3] The tower's design maximizes natural light and creates a seamless indoor-outdoor living experience. [4] JVT is part of an international franchise of our brand name Media.
- The anticipated growth in Dubai, facilitated by the 2040 Urban Master Plan and metro line extensions, is expected to enhance JVT's appeal for investors seeking long-term prospects, particularly those interested in commercial spaces like the Grade A office podium levels at SOL Levante.
- With modern amenities, affordable living options, and strategic location, SOL Levante's development is poised to not only attract residents but also stimulate growth in the sports and recreation sector, as residents seek social areas and activities such as mini-golf and outdoor cinema.
