Dar Al Karama Real Estate: a tall tower in a district of short ones
A developer building a 33-storey tower in Jumeirah Village Circle. Height in a low-rise cluster changes the economics in both directions — here is how.
Sapphire 32
JVC District 12 · Dar Al Karama Real Estate
Project factsheet
Storeys 33
Units in the building 224
Developer Dar Al Karama Real Estate
Status Under development
District JVC District 12
Photos and renders of the building and grounds — not of this particular unit.
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About the building
33-storey residential building in JVC District 12. Developer — Dar Al Karama Real Estate. Architect — Cubic Engineering Consultancy.
Specifications for Sapphire 32 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Sapphire 32 is a 33-storey residential building in JVC District 12, currently under construction.
The developer is Dar Al Karama Real Estate. The architecture is by Cubic Engineering Consultancy.
The building holds 224 apartments in total.
The database currently holds 4 lots in this project, from 620 000 AED.
Thirty-three storeys and 224 residences in JVC by Dar Al Karama, under construction. Three lots in our stock from AED 620,000 to AED 1.36 million — one of the lowest entry points in Dubai.
What it is
Sapphire 32 is a Dar Al Karama Real Estate residential tower with 33 storeys and 224 residences in Jumeirah Village Circle. Status is under construction.
Our own stock has three lots: sizes of about 757 square feet, prices from AED 620,000 to AED 1.36 million, a price of AED 1,284/ft².
AED 620,000 is roughly $170,000. Below that mark, there's almost nothing on offer in Dubai.
Price per square foot by JVC project
Sapphire 32 runs well below the district average — AED 1,284/ft² against 1,896.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Binghatti Apex | 2350 | 70 | 456 ft² |
| Binghatti Grove | 2281 | 45 | 697 ft² |
| Elitz 2 by Danube | 1697 | 6 | 684 ft² |
| JVC District 11 | 1676 | 6 | 1905 ft² |
| JVC District 10 | 1527 | 5 | 2442 ft² |
| JVC District 12 | 1388 | 12 | 2413 ft² |
| JVC District 14 | 1294 | 9 | 2937 ft² |
| Sapphire 32 | 1284 | 3 | 757 ft² |
| JVC District 15 | 1248 | 5 | 3312 ft² |
| JVC District 13 | 947 | 3 | 4582 ft² |
| JVC District 16 | 681 | 4 | 7647 ft² |
Our own stock as of 28 August 2026: 276 lots in the district, median AED 1.44 million, average price AED 1,896/ft². Includes projects with three or more lots and a known area. The "JVC District N" entries are development plots, not individual buildings.
The most affordable way into the city
JVC in our database totals 276 lots, with a median of AED 1.44 million and an average price of AED 1,896/ft². For comparison: Business Bay AED 3.58 million, Dubai Hills AED 3.62 million, Downtown AED 4.5 million, Palm Jumeirah AED 8.2 million.
JVC is the district people come to for the entry threshold. It's densely built, mid-rise heavy, short on greenery, and far from the sea. In exchange, it offers a price you won't find anywhere else within the city limits.
For a buy-to-let purchase, the math works: yield is calculated from the lot price, and a JVC tenant pays only a little less than in pricier districts. For living there yourself, the deciding factor isn't the price but whether you're comfortable with dense development and no waterfront.
Propsearch building record: 33 storeys, 224 residences, developer Dar Al Karama Real Estate, status under construction. Our stock as of 28 August 2026: 3 lots (sizes, prices, price per square foot), medians for JVC, Business Bay, Dubai Hills, Downtown, and Palm Jumeirah.
Where it is
Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppFrequently asked about Sapphire 32
Who is the developer of Sapphire 32?
Dar Al Karama Real Estate. The architecture is by Cubic Engineering Consultancy.
How many floors does Sapphire 32 have?
33. The building has 224 apartments.
When is Sapphire 32 handed over?
The project is under construction. I check the exact date for a particular unit in the contract before the deal.
Where is Sapphire 32?
JVC. Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
How much does an apartment in Sapphire 32 cost?
The database currently holds 4 lots in this project, from 620 000 AED. Prices move every day, so it is worth asking for the current list for this building.
In the news
What has been written about the building, its developer and JVC District 12
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
Ask a question
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