Dubai-based developer Mashriq Elite Real Estate Developments has officially begun construction on its fifth residential development, Floarea Skies, located within the thriving Jumeirah Village Circle (JVC) community in Dubai. The project marks an important expansion of the company’s footprint in one of the emirate’s most in-demand residential hubs. UAE News 24/7+3Khaleej Times+3Trade Arabia+3
Project overview
Floarea Skies is a 23-storey tower to be built on a plot area of approximately 20,441 sq ft. Trade Arabia The development will deliver a total of 192 apartments, comprising 42 studio units, 134 one-bedroom units and 16 two-bedroom units. Khaleej Times+2UAE News 24/7+2 The studio units have a standard size of about 398 sq ft; one-bedrooms range from 717 to 836 sq ft; and the two-bedroom apartments span between 1,105 and 1,170 sq ft. Khaleej Times+1
Pricing & payment plan
Pricing for the units starts from AED 666,000 for studios, AED 1,069,000 for one-beds and AED 1,499,000 for two-bedrooms. Khaleej Times+1 The developer is offering competitive payment terms, with options such as 50 % during construction and 50 % on handover noted in the marketing materials. DNK Real Estate+2mashriqelite.com+2
Location & connectivity
Floarea Skies benefits from its strategic location at the entry/exit point of Jumeirah Village Circle. This offers residents easy access to major landmarks: the project is a short 10-minute drive from Dubai Media City, Dubai Marina, Burj Al Arab, Dubai Autodrome and Mall of the Emirates. It also lies within about 25 minutes of downtown Dubai, Business Bay and Dubai Mall. Gulf News+1 The upcoming Purple Line metro station nearby is expected to further enhance connectivity and boost investor appeal. Trade Arabia+1
Amenities & lifestyle
The developer emphasises lifestyle and wellness features in Floarea Skies, positioning the project not just as housing but as a community-oriented living experience. Stand-out amenities include a rooftop infinity pool, kids’ organic pool, floating meditation deck, sunken lounge, mini golf, splash pad, BBQ zone, fully-equipped gymnasium and a reading/board-game corner. Khaleej Times+2mashriqelite.com+2
Market context & outlook
Mashriq Elite’s choice of JVC is rooted in the strong performance of this community: data shows that JVC has consistently led in Dubai’s residential investment segment. For example, in the third quarter of 2025, JVC recorded year-on-year growth of 17.6 % in sales volume and 20.3 % in sales value. UAE News 24/7+1 Rental yields in the area are reported at around 8-9 % annually, and asset appreciation rates above 10 %. Khaleej Times+1
According to CEO Kamran Muhammad, “Floarea Skies in JVC is a very exciting project for us … excellent infrastructure, connectivity to key locations in Dubai, and a serene urban neighbourhood ambience have ensured a thriving residential community in JVC.” He added that the proximity of the upcoming metro line “will only fuel further investor interest in properties here with the potential for scaled up RoI.” Gulf News
Looking ahead, Mashriq Elite has indicated plans to add over 1,200 residential units in Dubai in the next two years through a pipeline of projects including Floarea Vista (Discovery Gardens), Floarea Grande (Arjan) and Floarea Oasis (DLRC). UAE News 24/7+1
Completion timeline
The anticipated completion date for Floarea Skies is the fourth quarter of 2027. Trade Arabia+1
About the Developer
Mashriq Elite Real Estate Developments has established a track record in the real-estate and telecom sectors across several regions including Saudi Arabia, Singapore, Indonesia and the UAE. The company emphasises timely delivery, quality build and customer-focused living experiences. Trade Arabia+1
Why this matters
The launch of Floarea Skies reflects broader trends in Dubai’s real-estate market: rising demand for affordable-luxury apartments, strong investor interest, robust rental yields, and strategic positioning in top-performing communities. For investors and end-users alike, the combination of a reputable developer, high-demand location, attractive pricing and lifestyle amenities makes this project noteworthy.
