Market bulletin · Thu, 22 Oct 2026
The Alcove: 1 sales worth AED 550K in 30 days
The Alcove recorded 1 sale worth AED 550K in the 30 days to Thu, 22 Oct 2026. Over the last week 1 sale was registered (AED 550K), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Jumeirah Village Circle, The Alcove ranked #11 of 11 leading projects by 12-month sales value; it is developed by Grovy Real Estate Development.
Leases registered in the last three months had a median annual rent of AED 74K. The best gross yield is on 1 BR apartments at about 8%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | AED 920 |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 0 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 1 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 1 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 1 |
| Jan 26 | 0 | 0 | 0 |
| Dec 25 | 0 | 0 | 1 |
| Nov 25 | 0 | 0 | 1 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 1 | — | AED 550K | — | — |
| Last 3 months | 2 | up 100.0% | AED 1.90M | — | — |
| Last 6 months | 3 | down 40.0% | AED 2.64M | — | — |
| Last 12 months | 8 | down 50.0% | AED 7.46M | 903 | up 1.8% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 8 | 100% | AED 818K | 903 | up 1.8% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 1 | 13% | — | — | — |
| 1 bedroom | 5 | 63% | AED 815K | 911 | up 4.8% |
| 2 bedrooms | 2 | 25% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 8 | 100% | AED 818K | 903 | up 1.8% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
- Leases (12M)
- 49
- New leases
- 67.3%
- Median rent 3M
- AED 74K
- Rent/sqft 3M
- AED 76
| 1 BR apartments | AED 65K / AED 815K | 8.0% |
|---|
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 28 | AED 65K | AED 70K | 73 |
Competing projects in Jumeirah Village Circle
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Binghatti AmberhallBinghatti | 406 | 1,695 | — |
| Serenz Tower ADanube Properties | 332 | 2,316 | up 5.6% |
| Luma Park ViewsTownX Real Estate Development | 227 | 1,472 | up 1.7% |
| Binghatti RubyBinghatti | 165 | 1,649 | — |
| The WeaveThe Weave Real Estate Development | 168 | 1,765 | — |
| Binghatti Royale JVCBinghatti | 111 | 2,396 | — |
| Binghatti ApexBinghatti | 202 | 1,422 | down 3.4% |
| 311 BoulevardBam Eskan Real Estate Development | 134 | 1,365 | — |
| Pearl House 4Imtiaz Real Estate Investment And Development | 138 | 1,455 | — |
| Binghatti CircleBinghatti | 151 | 1,725 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.35M | 2 BR Apartment · 1,999 sqftThe Alcove · Jumeirah Village Circle | 5 Aug |
| AED 550K | Studio Apartment · 464 sqftThe Alcove · Jumeirah Village Circle | 22 Oct |
Questions about The Alcove
How many properties were sold in The Alcove in the last year?
8 sales worth AED 7.46M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in The Alcove?
The median annual rent on leases registered in the last three months was AED 74K, and the best gross rental yield is about 8.0%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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