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About SVN Residences
SVN Residences is a Metrical Real Estate Development building in Jumeirah Village Circle focused on studios and one-bedroom apartments.
Pricing starts around AED 652,777 on a plan listed as 10/70/30 by the broker, which appears to overstate the total; a 10% deposit and heavy construction-phase weighting are the consistent elements.
Handover is scheduled for Q4 2028.
Payment
Payment plan
10/70/20 — 10% on booking, 70% during construction, 20% on handover
At a glance
SVN Residences key facts
- Developer
- Metrical Real Estate Development
- Community
- Jumeirah Village Circle
- Status
- Launched
- Handover
- Q4 2028
- Starting price
- AED 653K
- Unit types
- Studio, 1 Bedroom
- Payment plan
- 10/70/20
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 653K. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at SVN Residences
- 01
Shortlist and reserve
Choose a unit type and view at SVN Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Metrical Real Estate Development issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2028), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- 10% booking deposit
- Compact investor-oriented layouts
What to weigh
- Published payment split does not reconcile
- 2028 handover
FAQ
SVN Residences — frequently asked questions
What is the starting price of SVN Residences?
Published pricing at SVN Residences starts from AED 653K. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of SVN Residences?
SVN Residences is scheduled for handover in Q4 2028. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for SVN Residences?
10/70/20 — 10% on booking, 70% during construction, 20% on handover
Who is the developer of SVN Residences?
SVN Residences is developed by Metrical Real Estate Development in Jumeirah Village Circle, Dubai.
What unit types are available at SVN Residences?
SVN Residences offers Studio, 1 Bedroom.
Where is SVN Residences located?
SVN Residences is in Jumeirah Village Circle, Dubai.
Can foreigners buy at SVN Residences?
Yes. Jumeirah Village Circle is a freehold area, so buyers of any nationality can own property at SVN Residences outright.
Does buying at SVN Residences qualify for the UAE Golden Visa?
The entry price of AED 653K is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at SVN Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 26K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at SVN Residences?
MRK Real Estate advises on primary purchases and resales at SVN Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Metrical Real Estate Development before any transaction.
