Provenza Residences

P1 — Delivered Off-Plan Primary
Developer IKR Real Estate Development LLC
Community Jumeirah Village Circle
Property type Apartment
Data updated Mar 31, 2026

Provenza Residences is a Delivered development by IKR Real Estate Development LLC in Jumeirah Village Circle. 79 units across 1 Bedroom (62%), Studio (33%), 2 Bedroom (5%). Over the trailing 12 months, 88 sales at a median of AED 1,018,125.

Key Metrics
Median Price
Value
AED 1,018,125
Transactions
Value
88
Change
88 in period
Price / sqft
Value
AED 1,359
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 1,018,125
Transactions
88
↑ 88 in period
Price / sqft
AED 1,359
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
19.7%
Community avg
Holding Period
Value
4.4 yrs
Community avg
Ready Market Mix
Value
7.4%
Community avg
Capital Return
19.7%
Community avg
Holding Period
4.4 yrs
Community avg
Ready Market Mix
7.4%
Community avg

Rental Performance

Rental Volume
Value
2
Avg Annual Rent
Value
AED 73,000
New Leases
Value
100.0%
Renewals
Value
0.0%
Rental Volume
2
Avg Annual Rent
AED 73,000
New Leases
100.0%
Renewals
0.0%

Unit Mix

By bedroom type
Studio 26 units · 33%
1 Bedroom 49 units · 62%
2 Bedroom 4 units · 5%

Transaction Breakdown

All time — 88 transactions
Off-Plan Primary
82
Off-Plan Secondary
6

Price History

Median Price — Provenza Residences

Median prices in Provenza Residences have remained broadly stable over the past 10 months, hovering around AED 1.0M.

Recent Transactions

Showing last 10 of 88
Date Type Price (AED) Size (sqft) AED/sqft
Mar 31, 2026 OP Primary 1,113,600 797 1,395
Mar 31, 2026 OP Primary 646,800 399 1,618
Mar 09, 2026 OP Primary 1,075,200 809 1,328
Mar 09, 2026 OP Primary 998,400 684 1,457
Feb 12, 2026 OP Primary 1,170,180 800 1,462
Feb 11, 2026 OP Primary 1,218,140 823 1,479
Feb 11, 2026 OP Primary 1,090,000 823 1,323
Feb 11, 2026 OP Primary 1,130,000 800 1,412
Feb 07, 2026 OP Primary 1,600,000 1,349 1,185
Feb 04, 2026 OP Primary 700,000 398 1,755

This project is in Jumeirah Village Circle

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