Oxford Terraces Phase 2: 5% Down in a JVC That Has Grown Up
Iman Developers built Oxford Terraces Phase 2 as a residential apartment project in Jumeirah Village Circle's District 11. Construction began in February 2023. The original completion date was November 2024. That date is nearly two years in the past. This is a delivered building. Buyers today are looking at a completed, ready-to-occupy asset.
Where District 11 Puts You
JVC sits at the junction of Al Khail Road and Sheikh Mohammed Bin Zayed Road. Those two roads connect the centre of Dubai to the Expo City corridor in the south and the older residential communities to the north. From District 11, Dubai Marina is roughly 15 minutes by car. Business Bay and DIFC are 20 to 25 minutes. Downtown Dubai is in the same range.
District 11 sits on the quieter eastern edge of JVC. The main commercial strips near Circle Mall are further in, which means less through-traffic and a more settled residential character. JVC itself has changed considerably over the past decade. Schools, nurseries, clinics, a major mall, and a broad range of dining are now established within the community. For a buyer focused on rental demand, JVC draws young professionals and working families. They want good access to central Dubai but do not pay Marina, Downtown, or JBR rents. The price band and apartment format at Oxford Terraces Phase 2 sit squarely in that renter profile.
What AED 557K to AED 1.39M Covers
The price range runs from AED 556,875 to AED 1,385,000. That is a 2.5x spread. It points to real differences in unit size and position within the building, not minor variations on a single floor plan.
The lower end, from AED 557K to roughly AED 700K, is where studio and one-bedroom buyers compete. First-time owner-occupiers and investors targeting entry-level rents both operate in this band. The upper end, from AED 1M to AED 1.39M, is a different buyer. This person wants a larger apartment, either for family occupancy or to target a different rental bracket. The project offers only apartments throughout. The spread reflects unit size, floor level, and orientation rather than any mix of product types.
Amenities: Practical for the Market
| Category | Amenities |
|---|---|
| Health and Leisure | Well-being and Fitness, Shared Pool |
| Outdoor | Private Garden, Barbecue Area |
| Family | Children's Play Area |
| Safety | Security |
Six amenities is a lean count. The set covers what most tenants and owner-occupiers in this price range ask about first: a gym, a pool, and a children's play area. The private garden stands out among the six. Dedicated outdoor space at this scale adds practical value for families and long-term residents. The barbecue area reinforces a community-living format. The overall package is calibrated to the project's mid-market positioning, not aimed above it.
Getting In for 5%
| Stage | Percentage |
|---|---|
| Down payment | 5% |
| During construction | 15% |
| At handover | 80% |
A 5% down payment put the entry cost at AED 27,844 on the cheapest unit and AED 69,250 on the most expensive. The subsequent 15% during construction brought the total pre-handover outlay to 20%. On the most expensive unit, that is AED 277,000 before delivery. Paying one-fifth of the purchase price before the building is complete is a low front-end commitment.
The weight falls at handover: 80% of the purchase price due on a single date. That is a concentrated financial event. Buyers who entered during construction needed a mortgage arranged and approved ahead of delivery, or sufficient liquidity to settle. The 80% at handover was the critical planning milestone. For anyone looking at Oxford Terraces Phase 2 today, the payment plan is historical. This is a secondary market transaction. Pricing reflects current conditions, not the original off-plan terms.
Already Delivered
Construction began in February 2023. The original completion target was November 2024. The project is approximately 22 months past that date. Oxford Terraces Phase 2 is a completed development. Buyers are entering the resale or rental market.