Sky Hills Residence 3

By HRE Real Estate Development in Jumeirah Village Circle (JVC)

Fully furnished apartments with appliances in JVC — a top rental area in Dubai. Post-handover payment plan: 40% over two years until Q2 2029. It takes 10 minutes to the DMCC Free Zone and Mall of the Emirates, and 15 minutes to Burj Khalifa and Dubai Marina.

Sky Hills Residence 3 — About the project

Sky Hills Residence 3 by HRE Development is the third phase of the eponymous project. It offers 499 luxurious units, including studios and 1-, 2-, and 3-bedroom apartments ranging from 370 sq. ft. (34 m²). Prices start at AED 703,129. Each unit comes with modern turnkey finishes, full furnishing, Bosch appliances, and HLD home automation systems. Sky Hills Residence 3 offers not only luxurious apartments but also a wide range of amenities, including a gym, tennis and basketball courts, swimming pools, a children’s playground, a fitness center, and a multifunctional lobby. The complex is located in one of Dubai’s most sought-after rental areas, Jumeirah Village Circle (JVC), near major highways, providing convenient access to Downtown Dubai, Dubai Marina, major malls, schools, and universities. As of November 21, 2024, all 3-bedroom apartments are sold out.

Sky Hills Residence 3 — Location

Sky Hills Residence 3, Jumeirah Village Circle

Sky Hills Residence 3 is located in Jumeirah Village Circle (JVC), one of the most desirable areas for families with children in Dubai. Expats and investors prefer this area for its affordable prices, proximity to Dubai Marina and the DMCC Free Zone, as well as consistent growth in property prices and rental yields. For instance, the cost of a 2-bedroom apartment in JVC is half the price of similar properties in Marina or Downtown Dubai.

Over the past few years, JVC has seen steady growth in rental yields and property prices. In 2024, average rental yields are expected to range between 6.5% and 7.8%, compared to 6%–7% in 2022.

The transport infrastructure around Sky Hills Residence 3 is highly developed. The project is conveniently located with quick access to key destinations. Circle Mall is just one minute away, and it’s a 10-minute drive to the DMCC Free Zone and GEMS Founders School. Mall of the Emirates, one of Dubai’s largest shopping centers, is also 10 minutes away.

By 2030, two new metro lines — the "Green" and "Yellow" lines — will be built in the area, with stations 3–8 minutes away. Additionally, the "Purple" metro line will connect Al Maktoum Airport to coastal areas, which is expected to further increase property prices in JVC.

1 minsCircle Mall

10 minsDMCC Free Zone

10 minsGEMS Founders School

10 minsMall of the Emirates

15 minsDubai Marina

15 minsBurj Khalifa and Downtown Dubai

18 minsPalm Jumeirah

25 minsDubai International Airport (DXB)

35 minsAl Maktoum Airport (DWC)

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Sky Hills Residence 3 — Key facts

Price from	AED 703,129
Handover	Q2 2027
Status	Off-plan
Developer	HRE Real Estate Development
Community	Jumeirah Village Circle (JVC)
Emirate	Dubai
Property type	Apartment, Studio
Bedrooms	Studio, 1, 2

Facts updated: 2024-11-21

Sky Hills Residence 3 — Payment plan

10%01
down payment
30%02
during construction
20%03
on handover in q2 2027
40%04
post-handover until q2 2029

Sky Hills Residence 3 — Floor plans

BedroomsStudioTotal area370 sqft · 34 m²

Bedrooms1Total area681 sqft · 63 m²

Bedrooms2Total area1,052 sqft · 98 m²

Amenities

Swimming pools
Tennis court
Gym
Fitness center
Children’s playground
Sports court
Jogging track
Multifunctional lobby
Sauna

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