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Lot TREPAL LOT 2

Premium 1-Bedroom Smart Apartment in Ra1n Residence, Jumeirah Village

Guide price £248,777

Type of Sale

By Auction

Key Features

  • 2 Bathrooms
  • Bedrooms/Bathrooms: 1 bedroom
  • Developer: Object One Real Estate Development L.L.C
  • Furnishing: Fully furnished with Italian-made kitchen wardrobes  and appliances
  • guest bathroom balcony high floor with open views
  • Layout: Spacious open-plan living/dining en-suite master
  • Location: Ra1n Residence District 12 Jumeirah Village Circle Dubai
  • Ownership: Freehold for all nationalities
  • Payment Plan: Flexible 60/40 (20% deposit 40% during construction  40% on handover)
  • Size: 931 sq ft
  • Smart Home: Integrated system for lighting climate and security control via smartphone

Description

Premium 1-Bedroom Smart Apartment in Ra1n Residence, Jumeirah Village Circle, Dubai

Key Takeaway: Secure a fully furnished, Italian-designed 1-bedroom apartment in Ra1n Residence, JVC District 12—offering smart home technology, resort-style amenities, and robust investment potential in one of Dubai’s fastest-growing communities.

Property Overview

Introducing an exceptional opportunity to own a luxury 1-bedroom, 2-bathroom apartment in Ra1n Residence, a landmark 25-storey tower by Object One Real Estate Development, ideally positioned on Dana Road in the heart of Jumeirah Village Circle (JVC) District 12. Spanning 839 sq ft, this high-floor residence is delivered fully furnished with premium Italian fittings from Arrital, Birex, and Dall’Agnese, and features a state-of-the-art smart home system for seamless control of lighting, climate, and security via smartphone. With handover scheduled for Q2–Q3 2026 and construction already 96% complete, this is a rare chance to acquire a move-in-ready, future-proof home or investment in a thriving Dubai neighborhood.

Key Features

  • Location: Ra1n Residence, District 12, Jumeirah Village Circle, Dubai
  • Developer: Object One Real Estate Development L.L.C.
  • Size: 931 sq ft
  • Bedrooms/Bathrooms: 1 bedroom, 2 bathrooms
  • Layout: Spacious open-plan living/dining en-suite master, guest bathroom balcony high floor with open views
  • Furnishing: Fully furnished with Italian-made kitchen wardrobes  and appliances
  • Smart Home: Integrated system for lighting climate and security control via smartphone
  • Ownership: Freehold for all nationalities
  • Payment Plan: Flexible 60/40 (20% deposit 40% during construction  40% on handover)
  • Handover: Q2–Q3 2026 (imminent/ready soon)

Location Highlights

JVC District 12 is renowned for its tranquil, family-friendly environment, lush parks, and seamless connectivity. Residents enjoy:
  • Circle Mall: 4 minutes away, with 80+ shops, 40+ dining outlets, Carrefour, and leisure facilities
  • Dubai Marina: 15 minutes by car
  • Downtown Dubai: 20–25 minutes
  • Schools: JSS International (within JVC), Sunmarke, Nord Anglia International, Arcadia School
  • Healthcare: Life Medical Centre, Aster Clinic, Mediclinic Parkview Hospital
  • Transport: Quick access to Al Khail Road (E44), Sheikh Mohammed Bin Zayed Road (E311), and J01 bus route
  • Community: Over 30 landscaped parks, jogging/cycling tracks, pet-friendly policies, and vibrant social events

Amenities

  • Resort-style adult and children’s swimming pools
  • Indoor and outdoor gyms, wellness center
  • Clubhouse with sports facilities (table tennis, football, games)
  • Zen garden, landscaped green parks, and BBQ areas
  • Outdoor kids’ play area and entertainment zone
  • Bicycle parking and EV charging stations
  • Dedicated covered parking
  • 24/7 concierge, CCTV with face recognition, and multi-level security
  • High-speed elevators and central air conditioning
  • Pet-friendly building policies

Pricing & Availability

Unit Type Size (sq ft) Bedrooms Bathrooms Price (AED) Price (GBP)* Payment Plan Handover
Apartment 839 1 2 1,227,713 £248,980 60/40 Q2–Q3 2026
*GBP value approximate, based on 1 GBP ≈ 4.93 AED.
  • Service Charge: Estimated AED 12–15/sq ft/year (approx. AED 10,000–12,500/year)
  • Availability: Limited units—ready for occupancy soon. Contact Palace Auctions for viewing and auction details.

Why Buy With Palace Auctions

Palace Auctions London Dubai office delivers a seamless, transparent buying experience, backed by deep market expertise and a global network. Our clients benefit from exclusive access to premium listings, personalized advisory, and end-to-end support—from selection to handover. With Ra1n Residence, you secure not just a home, but a high-performing asset in a community with 8.3% YoY price growth and 6–8.5% gross rental yields. Invest with confidence and elevate your lifestyle with Palace Auctions.  

Sales Notes

Palace Auctions Dubai — Property Buyer's Guide

Key Takeaway: This guide provides a clear, comprehensive breakdown of all costs involved in purchasing a premium 1-bedroom, 931 sq ft Dubai apartment at auction with Palace Auctions. All figures are shown in both AED and GBP for your convenience.

Property Summary

  • Guide Price: 1,227,713 AED  |  £248,767 GBP
  • Deposit (10% at hammer): 122,771 AED  |  £24,878 GBP
  • Property Size: 931 sq ft
  • Bedrooms: 1
  • Auction Date: To Be Advised
  • Auctioneer Contact: 07971 033 276

Palace Auctions Dubai — Property Buyer's Guide

Cost Item Amount (AED) Amount (GBP)
Guide Price 1,227,713 £248,767
Deposit (10% at hammer) 122,771 £24,878
Dubai Stamp Duty (DLD) 52,243 £10,589
Palace Auctions Buyer's Premium 25,781 £5,225
Land Registration Charge 5,250 £1,064
Fixed Solicitor's Costs 5,256 £1,065
TOTAL PURCHASE COST 1,316,243 £266,716

Visual Guide

[caption id="attachment_20703" align="aligncenter" width="925"]Property for sale An auction purchase cost breakdown for a Ra1n Residence Smart Flat. A table lists costs in AED and GBP, including deposit, taxes, premiums, registration, and solicitor’s fees. A bar chart compares additional costs visually. Title: "PALACE AUCTIONS. Presented by Palace Auctions Property for sale An auction purchase cost breakdown for a Ra1n Residence Smart Flat. A table lists costs in AED and GBP, including deposit, taxes, premiums, registration, and solicitor’s fees. A bar chart compares additional costs visually. Title: "PALACE AUCTIONS. Presented by Palace Auctions[/caption]
Breakdown of additional buyer fees (excluding guide price and deposit).

Important Notes

  • Deposit (10%) is payable at the fall of the hammer and forms part of the total purchase price — it is not an additional cost.
  • All costs are inclusive of standard Dubai property transaction fees.
  • Buyer's Premium and Solicitor's Costs are payable in GBP; AED values are approximate for reference.
  • Auction Date: To Be Advised.
  • **For further details or to register your interest, message the auctioneer at 07971 033 276.
  • Conversion rate used: 1 GBP = 4.935 AED

Summary: The total estimated purchase cost for this property is 1,316,243 AED (£266,716 GBP), inclusive of all standard Dubai transaction fees and professional charges. Palace Auctions ensures a transparent, seamless buying experience for every client.

Summary: Ra1n Residence in JVC District 12 offers a rare blend of Italian luxury, smart technology, and community living—making it a premier choice for investors and end-users seeking a future-ready Dubai address. For 07971 033 276.
Luxury JVT Smart Apartment Luxury 2 Bedroom Apartment Dubai   [caption id="attachment_20741" align="aligncenter" width="1024"]Property for sale Logos for Palace Auctions London and Transparency Real Estate Dubai, separated by a vertical line, with "in association and collaboration with" below—highlighting Dubai smart home property and luxury living Jumeirah Village Circle. Presented by Palace Auctions Property for sale Logos for Palace Auctions London and Transparency Real Estate Dubai, separated by a vertical line, with "in association and collaboration with" below—highlighting Dubai smart home property and luxury living Jumeirah Village Circle. Presented by Palace Auctions[/caption]   [caption id="attachment_20746" align="aligncenter" width="1024"]Property for sale Gold logo featuring a stylised eagle with outspread wings above a large “T.” The words “TRANSPARENCY REAL ESTATE” appear above in gold capitals, reflecting luxury living Jumeirah Village Circle on a white background. Presented by Palace Auctions Property for sale Gold logo featuring a stylised eagle with outspread wings above a large “T.” The words “TRANSPARENCY REAL ESTATE” appear above in gold capitals, reflecting luxury living Jumeirah Village Circle on a white background. Presented by Palace Auctions[/caption]

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Edward Swindells Auctioneer Consultant Auctioneer & Valuer

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Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid Palace Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

Palace Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Standard Contract and Administration fees and additional charges (every sale or purchase). 

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to Palace Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £1000 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

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