Provenza Residences by IKR Development

Frank Porter Daily Rate: €120 – €200 | Short Stay Approved
RATING: ★★★★★ Short Stay

Luxury Living in the Heart of JVC – Just a 5-Minute Walk from FIVE JVC Hotel

Provenza Residences by IKR Development offers a new standard of stylish city living in District 14 – Jumeirah Village Circle (JVC). This upscale residence blends contemporary architecture, premium amenities, and smart home technology, making it the ideal choice for modern residents and savvy property investors alike.

Key Features & Amenities

• Smart homes with built-in kitchen appliances
• Rooftop infinity pool with panoramic views
• Luxury jacuzzi and fully equipped gym
• Dedicated BBQ zone & children’s play area
• Indoor games for leisure and entertainment
• Just 5 minutes’ walk from the iconic FIVE JVC Hotel
• Outdoor cinema under the stars

Project Details

• G + 4 podium parking levels + 12 residential floors
• Total of 186 units, including:
  ✅ 34 Studios
  ✅ 22 One-bedroom apartments
  ✅ 117 One-bedroom + Study units
  ✅ 7 Two-bedroom + Study units
  ✅ 6 Private pool units

Unit Sizes & Prices (Converted to m² and €)

★ Studios

• Size: 37–49 m²
• From: €162,500

★ 1-Bedroom Apartments

• Size: 64–90 m²
• From: €237,500

★ 2-Bedroom Apartments

• Size: 111–152 m²
• From: €392,500

Payment Plans

• 60/40 Standard Payment Plan
• 60/10/30 Post-Handover Plan (PHPP) – pay 30% over 2.5 years after handover
  ✅ Benefit: Developer finances the post-handover period, giving you time to generate rental income for repayment.

Expected Handover: Q3 2027

Why Choose Provenza Residences?

Provenza delivers a rare mix of luxury, location, and smart design – ideal for both personal use and short-stay investments.

📩 Request availability and discover the best units in this boutique project before they sell out!

Net Rental Yield – Studio Example (Short Stay)

🏡 Managed via LXRY Holiday Homes 360 Concept – a turnkey all-in-one solution for landlords.

Minimum Yield Projection (Studio)

1. Gross Rental Income

• Daily Rate: AED 500 / €125
• Occupancy: 90% = 328.5 days/year
• Annual income:
  €125 × 328.5 = €41,062.50

2. Deductions

• Property Management (17%): €6,980.63
• Annual Service Fees: €2,200
• Total Costs: €9,180.63

3. Net Income

• €41,062.50 – €9,180.63 = €31,881.87
  ➡️ Monthly average: €2,656.00

Total Investment Breakdown

• Purchase Price: €165,000
• Interior Furnishing: €5,500
• 4% DLD Registration Fee: €6,600
• Total Investment: €177,100

Return on Investment

• Net Annual Yield: €31,881.87
• Net ROI: €31,881.87 ÷ €177,100 × 100 = ±18.0%
• Payback Period: €177,100 ÷ €31,881.87 = ±5.6 years

🔑 Provenza Residences in JVC is your gateway to high rental returns, prime Dubai real estate, and a fully managed investment.

👉 Contact us today for floor plans, updated availability, and tailored investment strategies.