Rigel Residence, JVC
Rigel Residence is a seven-storey residential building in JVC District 10, Jumeirah Village Circle, developed by Myra Real Estate Developments and completed in March 2021. It has 219 units from studios to three-bedroom apartments, with retail space at ground level and a pool and gym listed by Dubricks. This guide covers its unit mix, location and Dubai Land Department sale prices for owners weighing a short-let against a long-let.
Developer
Myra Real Estate Developments
Storeys
7
Units
219
Unit mix
Studios to 3-bedroom apartments
Completed
March 2021
Location
JVC District 10, Jumeirah Village Circle
About Rigel Residence
Rigel Residence is a freehold residential building in JVC District 10, Jumeirah Village Circle, seven storeys high. Propsearch.ae names Myra Real Estate Developments as the developer, working through its subsidiary Five Elements Real Estate Development. Construction began in December 2018 and the project was completed in March 2021, on the estimated completion date of 30 March 2021 that Dubricks records. The architectural consultant was Em Square Engineering Consultants and the main contractor City Experts Constructions.
Dubricks counts 219 units and describes a ground, podium, five-floor and roof configuration with dedicated retail space at ground level. Propsearch.ae gives the project value as AED 64,000,000 (about USD 17.4 million), a developer estimate made before construction. In Dubai Land Department data the building appears as Rigel.
Developer, storeys, dates, architect and contractor confirmed by propsearch.ae and dubricks.com, where the project is listed as Rigel Residences. The 219-unit count is single-sourced from dubricks.com. Bayut.com and DXB Interact hold no page for the building. Propsearch.ae's Dubai Land Department transaction records back the pricing below. All live-checked 2026-09-24.
Location and Nearby Landmarks
Rigel Residence sits in JVC District 10, with Roolh Park about 0.4 km away, Remram Park 0.5 km and Qaret Park 0.7 km. Hotel Local Dubai Jumeirah Village Triangle is the nearest hotel at 1.0 km.
Reel Cinemas at The Springs Souk is about 1.0 km away, Cinepolis at Circle Mall 1.4 km, Montgomerie Golf Course 2.6 km, The Els Golf Club 3.2 km and Dubai Miracle Garden about 4.3 km. For the wider picture of the district, see Royale Stays' Airbnb management in JVC page.
Nearby parks, hotels, cinemas and attractions sourced from propsearch.ae. Used as location colour rather than a load-bearing fact. Live-checked 2026-09-24.
Unit Types and Sizes
Dubricks describes a mix of studio, one-, two- and three-bedroom apartments in various sizes. No source publishes the split by type.
Dubricks lists two one-bedroom layouts with total areas of 792 and 816 sq ft. Recent Dubai Land Department sales include one-bedroom units of 808, 809 and 961 sq ft and an 891 sq ft two-bedroom.
Unit types and layout areas from dubricks.com, transaction sizes from propsearch.ae's Dubai Land Department records. Live-checked 2026-09-24.
Amenities
Dubricks lists a swimming pool, a gym, a kids play area, lawns or gardens, parking, a spacious lobby, security staff, CCTV and pet-friendly rules, along with dedicated retail space at ground level.
Dubricks also mentions smart door entry systems in the units. Propsearch.ae lists no amenities of its own for the building.
Amenities from dubricks.com only. Its list is portal-authored and may include services nearby rather than in the building, so confirm a specific facility with the building before relying on it. Live-checked 2026-09-24.
Transportation and Access
Rigel Residence is a car-first location, like most of JVC, on Nashwan Boulevard.
By car, it takes roughly 19 minutes to reach Dubai Mall, 14 minutes to Palm Jumeirah, 16 minutes to Burj Al Arab and 18 minutes to The Walk JBR. Dubai International Airport (DXB) is roughly 25 minutes away and Al Maktoum International Airport (DWC) roughly 33 minutes.
Drive times from propsearch.ae, Google Maps-calculated, fastest route in typical traffic. Road name from dubricks.com. Live-checked 2026-09-24.
Price Guide: Sales at Rigel Residence
Recent Dubai Land Department sale records for Rigel Residence, filtered to Sale transactions, show one-bedroom apartments at AED 800,000 to AED 980,000 and a two-bedroom at AED 1,050,000 between June and September. Propsearch.ae lists 50 sale transaction records for the building, of which ten are shown on the page.
Four of those ten carry a usable price: a 809 sq ft one-bedroom at AED 890,000 on 26 June (AED 1,100 per sq ft), an 808 sq ft one-bedroom at AED 800,000 on 29 June (AED 990), an 891 sq ft two-bedroom at AED 1,050,000 on 13 July (AED 1,178) and a 961 sq ft one-bedroom at AED 980,000 on 2 September (AED 1,020). Use Royale Stays' Dubai property ROI calculator to test a purchase price against expected returns.
Sale prices from propsearch.ae's structured Transaction Type and Building Name fields, Building Name Rigel on all ten visible records. Excluded: four Mortgage Registrations (AED 552,000, 745,360, 760,000 and 787,500), one Mortgage Modification and one 10 August Sale of an 813 sq ft one-bedroom at AED 90,476, implausible as a full market price. No portal median, service-charge or rental figure was found. Live-checked 2026-09-24.
Airbnb Income Potential at Rigel Residence
Rigel Residence is a residential building with no hotel operator, so the standard route applies: the owner holds the title, the unit is registered as a holiday home with the Dubai Department of Economy and Tourism, and Royale Stays handles the application, the furnishing plan, photography, pricing, guest check-in, communications and maintenance under a management fee from 15%. Our Airbnb management in JVC page covers how that works across the community, and the wider Airbnb property management in Dubai guide covers the service in full.
What works in its favour: a March 2021 completion, three parks within a few minutes on foot, ground-level retail and a broad unit mix that includes family-sized apartments. What works against it: it is a car-first location, and no second portal confirms the amenity list, so check the building itself before you plan around a facility.
Royale Stays does not publish building-specific earnings for Rigel Residence, and no figure on this page should be read as one. JVC is not one of Royale Stays' five core managed areas. If you own here and want a comparison of a furnished short-let against a long-let for your actual unit, the number to call is +971 56 642 4239.
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