We’re back with an exciting Exit Tale, and this time it’s all about Fortunato Tower [SC 179] in Jumeirah Village Circle (JVC)! With Dubai’s rapid development, Fortunato was a Dubai real estate gem we just had to jump on. This spacious, modern one-bedroom unit with premium amenities and a prime JVC location turned out to be a solid choice, and we’re super proud to share the impressive returns.
Let’s dive into what made Fortunato Tower a standout investment, how the journey unfolded, and, of course, the results our investors achieved!
✨ Fortunato Tower Spotlight
Developed by Al Tajir Real Estate, Fortunato Tower is a five-story residential gem in JVC District 11, offering a mix of studios, one, two, and three-bedroom apartments. Completed in 2014, this vibrant building is designed for a modern, family-friendly lifestyle, featuring amenities like a swimming pool, health club, and jogging/cycling tracks.
Jumeirah Village Circle (JVC) itself has become one of Dubai’s top areas for buying and renting, attracting families, young couples, and working professionals. With high rental yields, constant new developments, and proximity to New Dubai hubs like Dubai Marina, JVC is a must-have in any Dubai real estate investor’s portfolio.
👀 Spotting the Opportunity in JVC
Back in November 2021, we saw Jumeirah Village Circle’s huge potential. With ambitious development plans, affordable prices, and a growing infrastructure, we recognized a golden Dubai real estate investment opportunity. So, we picked up this Fortunato Tower one-bedroom unit for AED 420,000/499 PSF, certain that JVC would soon become one of Dubai’s fastest-growing communities (spoiler alert: we were right).
Fast-forward 35 months, and our bet paid off! Demand in JVC surged, and along with it, so did rental yields and property values. The result? An impressive exit. 👇
🏆 A Rewarding Sale
After a holding period of just under 3 years, we successfully exited the property, capitalizing on the price appreciation in this highly sought-after community. After having generated AED 102,375 in rental income, we sold the unit for AED 720,000, delivering its investors a total return (ROI) of 68.42% – a rewarding outcome. This translates to an annualized return of 23.17%, making it our most successful exit in Jumeirah Village Circle.
🚀 Key Takeaway:
- Location is Everything: Fortunato Tower’s convenient yet affordable spot in Jumeirah Village Circle, near Dubai’s key attractions and commercial hubs, highlighted its appeal to renters and buyers alike.
- Growth Potential Pays Off: Investing in a fast-growing area like JVC, with a strong development pipeline, proved successful. As the community’s popularity and infrastructure expanded, so did property values and rental demand.
- Strategic Timings Wins: Acquiring this unit early in JVC’s development phase allowed us to capitalize on lower purchase costs and significant appreciation as the area grew, turning an affordable buy into a valuable asset!
And that’s a wrap on Fortunato Tower, Jumeirah Village Circle! Another win for our investors and for SmartCrowd.
Why don’t you head to our platform for more Dubai real estate investment opportunities? Your next success story might be just around the corner! 😉
DISCLAIMER: Please note that past performance does not guarantee future results. This blog is intended solely for educational purposes and shouldn’t be treated as financial advice. We suggest you always conduct thorough research, perform your own due diligence, and consult with financial advisors to assess any real estate property against your own financial goals.
