Ozone1 Residence

26 storeys and 538 apartments in JVC District 13 from Object One. Furnished apartments with Italian appliances, pre-launch prices from $176,000.

What the building is

Ozone1 Residence is a residential tower in Jumeirah Village Circle, District 13. The building record lists 26 storeys and 538 apartments, developer Object One Real Estate Development, engineer CVTEC Consulting Engineers.

The unit mix is studios, one-bedroom, and two-bedroom apartments. That's the classic JVC line-up for rental demand: the district consistently holds the city's top spot for registered transactions, and most of that turnover is in small formats.

The long-term rental yield benchmark for JVC at the time the project launched was cited at 7–8% per year, depending on unit type and size. That's a district-wide average and a reasonable starting point for calculations.

What comes with the apartment

Apartments are handed over fully furnished. The listed fit-out includes built-in Bertazzoni Italian kitchen appliances, Daikin air conditioning, and an Electrolux air purifier-ioniser in every apartment.

For a rental scenario, furnishing isn't a price-list flourish but a direct saving: furnishing a studio in Dubai costs a noticeable share of a year's rent, and an unfurnished unit starts renting later and for less.

The listed common areas include an open-air yoga deck plus an equipped studio, an aroma room and sauna, a children's play area, a cinema, and a barbecue zone. It's exactly the set of amenities that works, in JVC, to rent a unit faster — not to signal a prestige address.

Prices and payment plans

Pre-launch prices started at $176,337. Two payment schemes were on offer: a 10% down payment plus the 4% Land Department fee, then 60% during construction and 30% on handover — or the same entry payment, 72% during construction and 18% after receiving the keys.

The difference between the two schemes is how much is left for the keys. The first is easier at handover, while the second spreads the load more evenly across construction. For a buyer planning to resell before the keys, the first is better; for someone moving in themselves, the second is.

Both schemes require attention to the quarter-by-quarter schedule: 60–72% during construction means regular payments across the whole build, and it's exactly this stretch where forced assignments most often happen.

Propsearch building record (storey count, number of apartments, developer, engineer, district) and public pre-launch materials from 14 November 2023 — unit mix, fit-out, common areas, starting prices, two payment schemes, and the district yield benchmark.