02 Residence by NED Al Ghurair

02 Residence by NED Al Ghurair — Premium Off-Plan Living in Jumeirah Village Triangle

02 Residence by NED Al Ghurair (also known as NED Properties) is an off-plan residential development in Jumeirah Village Triangle (JVT), offering studio through three-bedroom apartments priced between AED 2,400,000 and AED 3,600,000 with a June 2027 handover. NED Al Ghurair — the real estate development arm of the Al Ghurair Group, one of the UAE's most respected and enduring family business conglomerates — brings institutional credibility and a multi-generational commitment to quality that positions 02 Residence as a premium offering within JVT's growing residential market. For buyers who want JVT's community credentials with the backing of one of the UAE's most trusted developer names, 02 Residence represents the definitive choice.

TL;DR Snapshot

| Feature | Detail | |---|---| | Project | 02 Residence by NED Al Ghurair | | Developer | NED Properties (Al Ghurair Group) | | Location | Jumeirah Village Triangle (JVT), Dubai | | Status | Under Construction — June 2027 Handover | | Unit Types | Studio, 1-Bedroom, 2-Bedroom, 3-Bedroom | | Price Range | AED 2,400,000 – AED 3,600,000 | | Payment | 20% Down / 40% Construction / 40% Handover |

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NED Al Ghurair: The Al Ghurair Legacy in Real Estate

The Al Ghurair Group is one of the UAE's oldest and most respected family business conglomerates, with roots extending back to the 1960s and a diversified portfolio spanning banking, construction, real estate, food, and infrastructure. Al Ghurair Centre — opened in 1981 — was Dubai's first shopping mall, a landmark that defined the group's pioneering role in UAE urban development.

NED Properties, as Al Ghurair's dedicated real estate development vehicle, carries this heritage into contemporary residential development. For buyers, this heritage translates into concrete advantages:

Financial Stability: Al Ghurair Group's financial depth provides project funding security that smaller developers cannot match. Construction projects funded by conglomerate capital are structurally insulated from the liquidity disruptions that have historically affected smaller UAE developers — protecting buyers from completion risk.

Construction Quality Commitment: A business group that has built, owned, and operated some of the UAE's most significant commercial real estate for over five decades has an unparalleled incentive to maintain quality standards. Every building that bears the Al Ghurair name is a direct reflection on a multi-generational family legacy — a reputational stake that translates to meticulous construction oversight and finishing standards.

Regulatory and Governance Standards: Institutional developers with the Al Ghurair Group's public profile operate under heightened regulatory scrutiny and voluntarily adopt governance standards that exceed minimum requirements. Buyer protections, escrow management, and project transparency are executed at institutional rather than minimum-compliance levels.

Post-Handover Service Standards: Al Ghurair's long-term real estate ownership experience means they understand residential operations as well as development. This operational intelligence typically results in better-managed buildings, more responsive maintenance regimes, and superior common area upkeep compared to developers without operational history.

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Jumeirah Village Triangle: The Underrated Alternative to JVC

Jumeirah Village Triangle occupies a strategic position in the Dubai mid-market residential landscape — a master-planned community sharing the foundational infrastructure and design philosophy of its more famous neighbour, Jumeirah Village Circle, while offering a distinct character and consistent price advantage that makes it particularly compelling for investors and owner-occupiers who have been priced out of JVC's rising market.

The JVT Structural Advantages:

Community Design and Green Space: JVT was designed with a more villa-centric, lower-density profile than JVC — the triangle's geometry imposes a natural boundary on development density, resulting in wider streets, more generous setbacks, and greater green space per resident than many comparable Dubai communities. This lower density translates to a quieter, more suburban residential character that appeals strongly to families.

Golf Courses Proximity: JVT's adjacency to The Els Club at Dubai Sports City and other golf facilities in the surrounding area creates a green belt effect — extending the community's effective open space beyond its boundaries and providing a distinctive landscape backdrop for residents.

Schools and Education: JVT's surrounding area includes established schools catering to the international community's educational requirements — a structural requirement for family residential demand. Proximity to quality schools is among the most powerful drivers of family tenant retention and owner-occupier demand, and JVT's educational infrastructure supports both.

Retail and Dining Infrastructure: JVT's internal retail and the proximity to Circle Mall (JVC's primary retail anchor) provides residents with comprehensive daily services within a short drive. The continued development of JVT's own retail infrastructure as the community matures further strengthens its daily living proposition.

Sheikh Mohammed Bin Zayed Road Connectivity: JVT's direct access to Sheikh Mohammed Bin Zayed Road (E311) provides rapid connectivity to both northern and southern Dubai — reaching Dubai Marina in 15 minutes, Downtown Dubai in 20 minutes, and Al Maktoum Airport in 25 minutes. This arterial road access positions JVT as one of the most conveniently connected mid-market communities in Dubai.

Investment Track Record: JVT has demonstrated consistent rental demand and a growing capital appreciation profile as the community has matured. Investors who entered JVT in the 2018–2021 period have experienced meaningful appreciation — a trajectory that continues as the community's infrastructure and social ecosystem deepens.

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02 Residence Unit Configuration

Studios (from AED 2,400,000): Entry-level investment units at NED Al Ghurair's quality benchmark. Studios at 02 Residence are positioned for professional investors targeting JVT's young professional and single-occupier rental market. Al Ghurair's specification standards are expected to deliver studios with a finishing quality above the JVT average.

Current JVT studio rents: AED 55,000–70,000 per annum Gross yield estimate: ~2.7–3.5%

1-Bedroom Apartments: The primary product for both investors and professional owner-occupiers. 1BR units at 02 Residence in the AED 2.5M–2.9M range deliver Al Ghurair's institutional quality at JVT's mid-premium price point. Current JVT 1BR rents: AED 70,000–88,000 per annum.

2-Bedroom Apartments: Family-scale residences popular with professional couples and small families. 2BR units offer the space separation that professionals increasingly demand for home office functionality, attracting the growing remote-work tenant demographic. Current JVT 2BR rents: AED 90,000–115,000 per annum.

3-Bedroom Apartments (up to AED 3,600,000): Larger family configurations at 02 Residence's premium tier. 3BR units attract established family tenants — typically two-income professional households with children enrolled in nearby schools — who demonstrate above-average tenancy duration and payment reliability. Current JVT 3BR rents: AED 115,000–145,000 per annum.

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Community Amenities and Infrastructure

| Amenity | Detail | |---|---| | Parks | Landscaped community parks for outdoor recreation | | Playgrounds | Dedicated children's play zones throughout community | | Sports Courts | Basketball, tennis, and multi-sport facilities | | Retail | On-site and nearby retail for daily convenience | | Dining | Restaurant and café options within community reach | | Schools Nearby | International and curriculum schools serving family residents | | Golf Courses Nearby | Els Club and other golf facilities within 10–15 minute drive |

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Location & Drive Times from JVT

| Destination | Approx. Drive Time | |---|---| | Dubai Marina / JBR | 15–20 minutes | | Mall of the Emirates | 15–20 minutes | | Circle Mall (JVC) | 5–10 minutes | | DIFC / Downtown Dubai | 20–25 minutes | | Al Maktoum International Airport | 25–30 minutes | | Dubai Sports City | 5–10 minutes | | Ibn Battuta Mall | 15–20 minutes | | Motor City | 10–15 minutes | | Dubai International Airport (DXB) | 30–35 minutes |

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Payment Plan

| Milestone | Percentage | |---|---| | Down Payment | 20% | | During Construction | 40% | | On Handover (June 2027) | 40% |

At AED 2,400,000 minimum entry:

• Down Payment: AED 480,000
• Construction: AED 960,000
• Handover: AED 960,000

The June 2027 delivery timeline — with construction already underway — provides buyers with the certainty of a development in active progress rather than a distant off-plan commitment.

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Investment Case: 02 Residence by NED Al Ghurair

Developer Premium: Al Ghurair Group's developer name creates secondary market premium. Properties from institutional and heritage developers consistently command resale and rental premiums over equivalently priced products from unknown developers — a premium that reflects genuine quality differentiation and the risk reduction that institutional backing provides.

JVT Value Proposition: JVT's consistent price discount to JVC — despite comparable infrastructure and community quality — provides a structural entry price advantage. As JVT continues to mature, this discount is expected to narrow, generating capital appreciation for buyers entering at current valuations.

Four-Bedroom Spectrum: 02 Residence's studio-to-3BR span allows investors to optimise their unit selection for yield maximisation (studios), capital growth (1BR), or tenant quality/retention (2BR–3BR) — a flexibility that single-product buildings cannot provide.

Al Maktoum Airport Growth: JVT's 25–30 minute commute to Al Maktoum International Airport positions the community to benefit from the airport's massive employment expansion over the coming decade — adding a structural demand amplifier to the community's existing investment case.

Contact AiGents Realty for 02 Residence floor plans, unit availability, NED Al Ghurair project timeline details, and a JVT market analysis.