Dubai, United Arab Emirates · Freehold · Completed and handed over
Green Sail Residences — Whole-Building Freehold Acquisition, Dubai
A 78-apartment residential and commercial building in Jumeirah Village Circle, Dubai, offered as a single freehold acquisition at AED 140,051,808, approximately USD 38.1 million, equating to AED 1,300 or USD 354 per square foot across 107,732 square feet of saleable area. The building is complete, with the Building Completion Certificate issued and handover achieved.
USD equivalents shown at the pegged rate of AED 3.6725 to USD 1.00.
- AED 140.05M
- Acquisition price · approx. USD 38.1M
- AED 1,300
- Per sq ft · approx. USD 354
- 107,732 sq ft
- Saleable area
- 13.74% below
- 2025 JVC comparables
About Green Sail Residences
One building, one title, offered in its entirety.
Green Sail Residences is a residential and commercial building in Jumeirah Village Circle, an established residential district in central Dubai within the master community of Nakheel, one of the emirate's principal master developers. The building rises seventeen floors above a three-level podium, with two basement levels and 131 dedicated parking spaces. It holds 78 apartments across one, two, and three-bedroom layouts, together with two ground-floor retail units and two offices on the first and second levels.
The asset is offered freehold in its entirety, as a single acquisition rather than unit by unit.
- 17
- Floors above the podium
- 78
- Apartments
- 4
- Commercial units
- 131
- Parking spaces
Ownership in Dubai
Full freehold title, open to purchasers of any nationality.
Jumeirah Village Circle is a designated freehold area. The asset is available to purchasers of any nationality, on full freehold title, with no local partner or sponsor required.
- 100% foreign ownership on full freehold title, registered with the Dubai Land Department.
- The dirham has been pegged to the US dollar at 3.6725 since 1997, removing currency risk for dollar-denominated capital.
- No annual property tax and no personal income tax on rental income in the UAE. A 9% corporate tax may apply where the asset is held through a corporate vehicle, and purchasers should take advice in their own jurisdiction.
- Capital and rental income are repatriable without restriction.
- Property investment from AED 2 million qualifies for a ten-year renewable UAE Golden Visa. This acquisition is approximately 70 times that threshold.
- The acquisition can be completed remotely by power of attorney, without traveling to Dubai.
Location — JVC District 11
Direct access to Al Khail Road and Sheikh Mohammed Bin Zayed Road.
Green Sail Residences has direct access to Al Khail Road and Sheikh Mohammed Bin Zayed Road. Circle Mall sits 0.4 kilometers from the building, with a medical center, pharmacy, and four supermarkets within 200 meters.
| Destination | Drive time |
|---|---|
| Downtown Dubai | 22 minutes |
| Dubai International Airport | 27 minutes |
| Palm Jumeirah | 17 minutes |
| Burj Al Arab | 19 minutes |
| The Walk JBR | 19 minutes |
| Al Maktoum International | 29 minutes |
Drive times calculated via Google Maps on fastest route in typical traffic conditions. Distances measured from the plot.
Asset at a Glance
The schedule, in one panel.
- Status
- Complete. Building Completion Certificate issued; building handed over
- Location
- JVC District 11, Jumeirah Village Circle, Dubai
- Master developer
- Nakheel
- Land tenure
- Freehold
- Asset type
- Residential and commercial building
- Configuration
- 2 basements + ground + 3 podium + 17 floors + roof
- Total plot area
- 17,898 sq ft
- Total built-up area
- 143,288 sq ft
- Total saleable area
- 107,732 sq ft
- Residential area
- 98,568 sq ft
- Commercial area
- 9,164 sq ft
- Residential units
- 78 apartments
- Commercial units
- 4: two shops at ground level, two offices on levels 1 and 2
- Parking
- 131 dedicated spaces
- Acquisition price
- AED 140,051,808 (approx. USD 38.1 million)
- Price per square foot
- AED 1,300 (approx. USD 354) on saleable area
USD equivalents shown at the pegged rate of AED 3.6725 to USD 1.00.
Unit Mix
Seventy-eight apartments, weighted to two bedrooms, and four commercial units.
Residential
| Type | Units | Total size range | Aggregate area |
|---|---|---|---|
| One bedroom | 25 | 880 – 1,033 sq ft | 22,635 sq ft |
| Two bedroom | 50 | 1,064 – 1,584 sq ft | 65,840 sq ft |
| Three bedroom | 3 | 2,991 – 3,672 sq ft | 10,093 sq ft |
| Total | 78 | 98,568 sq ft |
Commercial
| Unit | Level | Internal | Balcony | Total |
|---|---|---|---|---|
| Shop 1 | Ground | 565 | — | 565 sq ft |
| Shop 2 | Ground | 736 | — | 736 sq ft |
| Office 1 | Level 1 | 3,641 | 580 | 4,221 sq ft |
| Office 2 | Level 2 | 3,643 | — | 3,643 sq ft |
| Total | 8,584 | 580 | 9,164 sq ft |
Figures rounded to the nearest square foot. Totals calculated on unrounded areas.
A full unit-by-unit schedule, with internal area, balcony area, and total area for each of the 78 apartments, is included in the investment memorandum.
Specification and Finishes
A minimalist contemporary scheme in warm neutrals, natural textures, and clean vertical lines.
Carried consistently from the public areas through to the apartments.
- Apartments with open-plan kitchens, large windows, and warm finishes throughout.
- Public areas in earth-toned stone and wood laminate, with soft lighting.
- Corridors finished in timber panel cladding with muted lighting and soft-colored walls.
- Well-zoned layouts with dedicated amenity floors housing the gym, indoor kids' play area, and rooftop swimming pool.
- Rooftop utility placement positioned away from common areas, so plant and services do not disrupt resident amenity.
- Parking laid out with EV-ready slots, ramps, and clear circulation.
Source: developer specification schedule.
Request more informationPricing
Priced below current new-build comparables.
Green Sail Residences is offered at AED 1,300, approximately USD 354, per square foot of saleable area. Three comparable JVC buildings completed during 2025 transacted at an average of AED 1,507, approximately USD 410, per square foot across the year.
2025 JVC comparables
| Comparable | Completion | 2025 average price psf |
|---|---|---|
| Aura by Grovy | Q2 2025 | AED 1,565 |
| Binghatti Gardenia | Q3 2025 | AED 1,497 |
| Lumina Vista Residences | Q4 2025 | AED 1,459 |
| Average | AED 1,507 |
Source: REIDIN transaction data and Driven market research. Comparables selected on completion year, building type, and immediate micro-market. Price per square foot calculated on saleable area.
What Supports the Price
A complete, vacant, well-parked building on a well-served address.
The asset
- Complete and ready for immediate leasing. The Building Completion Certificate has been issued and the building handed over, so the acquisition carries no construction or delivery risk.
- 50 of the 78 apartments are two-bedroom. The mix is weighted to the deepest and most liquid rental segment in JVC rather than to studios.
- 131 parking spaces, or 1.68 per residential unit, which is generous for the district and a direct leasing advantage in a submarket where parking is a common constraint.
- Four commercial units provide a second income stream on lease cycles independent of the residential.
- 75.2% saleable-to-built-up efficiency, so common area represents a relatively small share of the acquired area.
- Vacant on completion, so a purchaser sets the rent roll from the outset rather than inheriting legacy tenancies at historic rates.
The address
- 15 schools within reach hold a government inspection rating of Very Good or Outstanding, two of them rated Outstanding. JSS International School is 0.8 kilometers away and Nord Anglia International School Dubai 1.7 kilometers.
- Dense walking-distance amenity. Four supermarkets, three gyms, and a cluster of clinics and pharmacies within 400 meters, with Circle Mall and its cinema at 0.4 kilometers.
Source: KHDA inspection ratings and PropSearch amenity survey, JVC District 11.
Get in touchDevelopment Team
Who built it.
- Developer
- Green Point Home Real Estate Development LLC
- Master developer
- Nakheel
- Architecture
- Abdul Rahim Architectural Consultants
- Interiors
- Zakaria Hayek Interiors
- Foundations
- Delta Foundations Company
- Main contractor
- Allied Contracting LLC
What exactly is being sold?
The entire building on a freehold basis: 78 residential apartments, two ground-floor retail units, two offices, and 131 parking spaces, across 107,732 square feet of saleable area.
Can a buyer outside the UAE acquire the asset?
Yes. Jumeirah Village Circle is a designated freehold area open to purchasers of any nationality, with no local partner required, and the acquisition can be completed remotely by power of attorney.
How is the price calculated?
AED 140,051,808, approximately USD 38.1 million, across 107,732 square feet of saleable area, equating to AED 1,300 or USD 354 per square foot. Saleable area comprises 98,568 square feet residential and 9,164 square feet commercial.
How does the price compare to the market?
Three comparable JVC buildings completed during 2025 transacted at an average of AED 1,507 per square foot, placing this acquisition 13.74% below that average. The comparables are Aura by Grovy, Binghatti Gardenia, and Lumina Vista Residences.
Is the building complete?
Yes. The Building Completion Certificate has been issued and the building has been handed over. It is ready for occupation and leasing. A copy of the certificate is provided with the investment memorandum.
Can Driven manage the asset after acquisition?
Yes. Driven can be retained as managing agent for leasing and day-to-day operations following the acquisition, which suits purchasers who prefer not to operate the asset directly.
What information is available for due diligence?
The investment memorandum includes the unit-by-unit schedule with internal, balcony, and total areas for all 78 apartments, floor plans, and the JVC market analysis. Title, technical, and financial documentation is released on request.
Contact Us
Request the investment memorandum.
Share your details and an advisor from Driven Forbes Global Properties will follow up with the memorandum, the unit-by-unit schedule and the Building Completion Certificate. The acquisition can be completed remotely by power of attorney.
- Offer
- Whole-building freehold acquisition, AED 140,051,808 (approx. USD 38.1 million)
- Brokerage
- Driven Forbes Global Properties
- Network
- Exclusive UAE member of the Forbes Global Properties network
- After sale
- Driven can be retained as managing agent for leasing and operations
Contact us
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