Belgravia 2 by Ellington

P1 — Delivered Off-Plan Primary
Developer Ellington Properties Development L.L.C
Community Jumeirah Village Circle
Property type Apartment
Data updated Apr 02, 2026

Belgravia 2 by Ellington is a Delivered development by Ellington Properties Development L.L.C in Jumeirah Village Circle. 188 units across 1 Bedroom (62%), 2 Bedroom (22%), Studio (14%). Over the trailing 12 months, 347 sales at a median of AED 1,270,000.

Key Metrics
Median Price
Value
AED 1,270,000
Change
0.4% YoY
Transactions
Value
347
Change
19 in period
Price / sqft
Value
AED 1,382
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 1,270,000
0.4% YoY
Transactions
347
↑ 19 in period
Price / sqft
AED 1,382
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
547.6%
Holding Period
Value
2.3 yrs
Liquidity
Value
10.1%
Ready Market Mix
Value
0.0%
Rental Activity
Value
46.3%
Capital Return
547.6%
Holding Period
2.3 yrs
Liquidity
10.1%
Ready Market Mix
0.0%
Rental Activity
46.3%

Rental Performance

Rental Volume
Value
785
Avg Annual Rent
Value
AED 75,093
New Leases
Value
65.0%
Renewals
Value
35.0%
Rental Volume
785
Avg Annual Rent
AED 75,093
New Leases
65.0%
Renewals
35.0%

Unit Mix

By bedroom type
Studio 27 units · 14%
1 Bedroom 116 units · 62%
2 Bedroom 42 units · 22%
3 Bedroom 3 units · 2%

Transaction Breakdown

All time — 347 transactions
Off-Plan Primary
181
Off-Plan Secondary
12
Ready Primary
7
Ready Secondary
147

Price History

Median Price — Belgravia 2 by Ellington

Median prices in Belgravia 2 by Ellington have declined significantly, down 32% to AED 750K over the past 10 months.

Recent Transactions

Showing last 10 of 347
Date Type Price (AED) Size (sqft) AED/sqft
Apr 02, 2026 RP Secondary 750,000 502 1,491
Feb 23, 2026 RP Secondary 1,340,000 1,136 1,179
Feb 18, 2026 RP Secondary 2,275,000 1,530 1,486
Jan 13, 2026 RP Secondary 1,276,750 920 1,386
Jan 08, 2026 RP Secondary 2,300,000 1,922 1,196
Dec 12, 2025 RP Secondary 2,200,000 1,680 1,309
Dec 12, 2025 RP Secondary 1,240,000 934 1,326
Oct 02, 2025 RP Secondary 1,300,000 804 1,615
Sep 10, 2025 RP Secondary 1,300,000 873 1,488
Aug 13, 2025 RP Secondary 765,000 541 1,413

This project is in Jumeirah Village Circle

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