Price trends
1 bedroom apartments rented in Penrose Place and Jumeirah Village Circle
The data displayed is based on average prices and sizes of all 1 Bedroom apartments in Penrose Place and Jumeirah Village Circle.
Penrose Place
About Penrose Place
Penrose Place is a contemporary residential tower developed by Segrex Development, located in the heart of Jumeirah Village Circle (JVC), Dubai. Rising 5 floors above ground, this modern building was handed over in 2022 and offers a selection of studios, 1-bedroom, and 2-bedroom apartments. Positioned within a vibrant, family-friendly community, Penrose Place provides residents with a comfortable urban lifestyle, surrounded by landscaped parks, retail outlets, and essential amenities. The property is available on a freehold basis, making it an attractive option for both end-users and investors seeking long-term value in one of Dubai’s most dynamic neighborhoods.
Main Highlights
Penrose Place stands out for its strategic location in Jumeirah Village Circle, practical layouts, and a suite of amenities that support a convenient lifestyle.
- Developer: Segrex Development
- Location: Jumeirah Village Circle, Dubai
- Building Type: Residential
- Available Unit Types: Studios, 1-bedroom, and 2-bedroom apartments
- Ownership Type: Freehold
Location
Nearest points of interest
Restaurants
Trattoria by Cinque | Italian Restaurant in JVC
45 m
Summer Palace Chinese Restaurant
48 m
Abu Al Homus
220 m
The Coffee Mug Korean Fusion
227 m
Marmarita
250 m
Groceries
Musk Barbershop JVC
181 m
Apricot Grocery
229 m
For U Mini Mart Grocery
244 m
Island Mini Mart
275 m
Holiday
279 m
Schools
JSS International School LLC
1.7 km
Nord Anglia International School
2 km
Sunmarke School
2.1 km
Renaissance School
2.1 km
Victory Heights Primary School
2.2 km
Hospitals
Pet Lounge Veterinary Clinic
758 m
JVC Express
939 m
Dr Joy Dental Clinic
1.6 km
The City Vet
1.9 km
The Lab Physiotherapy & Rehabilitation Center
2.2 km
Religious
JVT Mosque
373 m
Mosque Masjid At Jvt Petrol Station
1.4 km
ASTORIA RESIDENCE
1.4 km
Juma Masjid
1.5 km
Masjid - Temporary
3.4 km
Penrose Place is strategically situated in Jumeirah Village Circle, one of Dubai’s most vibrant and accessible districts. The tower enjoys proximity to major roads such as Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311), ensuring seamless connectivity to Dubai Marina, Downtown Dubai, and Dubai International Airport. JVC is known for its tranquil environment, landscaped parks, and a strong sense of community, making it a preferred choice for professionals and families.
Properties
Penrose Place offers a selection of studios, 1-bedroom, and 2-bedroom apartments, each thoughtfully designed to maximize space, natural light, and comfort. The layouts feature open-plan living and dining areas, modern kitchens, and private balconies that provide views of the community or city skyline. High-quality finishes, built-in wardrobes, and en-suite bathrooms are standard, catering to the needs of singles, couples, and small families seeking a contemporary lifestyle in Jumeirah Village Circle.
Studio Apartments in Penrose Place
The studios in Penrose Place are ideal for singles and young professionals seeking a modern, efficient living space. These units typically feature an open-plan layout with a combined living and sleeping area, a compact kitchen, and a contemporary bathroom. Most studios include a balcony, offering a private outdoor retreat. Kitchens are open or semi-open, equipped with sleek cabinetry and quality fittings.
- Average size: 400 – 500 sq. ft.
- Balcony: Yes, in most units
- Kitchen type: Open or semi-open
- Ensuite bathroom: Yes
- Additional features: Floor-to-ceiling windows, central air conditioning, built-in wardrobes
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1 Bedroom Apartments in Penrose Place
The 1-bedroom apartments in Penrose Place are well-suited for singles and couples seeking a spacious, contemporary home. These units offer an open-plan living and dining area, a large bedroom with built-in wardrobes, and a modern bathroom. Most 1-bedroom apartments include a balcony, providing panoramic views of the surrounding community. Kitchens are typically open-plan, designed for both functionality and style.
- Average size: 850 – 1,033 sq. ft.
- Balcony: Yes
- Kitchen type: Open-plan
- Ensuite bathroom: Yes
- Additional features: Laundry area, built-in wardrobes, high-quality finishes
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2 Bedroom Apartments in Penrose Place
The 2-bedroom apartments are ideal for small families or professionals who require extra space. These units offer generous living and dining areas, two bedrooms with en-suite bathrooms, and a guest powder room. Balconies are standard, providing panoramic views of the surrounding community. Kitchens are typically open-plan, designed for both functionality and style.
- Average size: 1,200 – 1,400 sq. ft.
- Balcony: Yes
- Kitchen type: Open-plan
- Ensuite bathroom: Yes, for both bedrooms
- Additional features: Laundry room, built-in wardrobes, high-quality finishes
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Average prices
| Type | Avg. Price (AED/ year) |
|---|---|
| Studio | 60,000 |
| 1 Bedroom | 79,000 |
| 2 Bedrooms | 137,000 |
The data displayed is based on average prices and sizes of all 1 Bedroom apartments in Penrose Place and Jumeirah Village Circle.
Recent rental transactions
| Date | Rented Price (AED/Year) | Contract Status | Property Type | Bedrooms | Size (sqft) |
|---|---|---|---|---|---|
| 1 Apr 2026 - 31 Mar 2027 | 75,000 | New | Apartment | 1 Bed | 748.95 |
| 2 Apr 2026 - 1 Apr 2027 | 90,000 | Renewed | Apartment | 1 Bed | 642.93 |
| 15 Mar 2026 - 14 Mar 2027 | 70,020 | Renewed | Apartment | 1 Bed | 861.11 |
| 1 Apr 2026 - 31 Mar 2027 | 67,000 | Renewed | Apartment | 1 Bed | 887.38 |
| 3 Apr 2026 - 2 Apr 2027 | 60,637 | Renewed | Apartment | 1 Bed | 748.95 |
| 5 Apr 2026 - 4 Apr 2027 | 64,000 | Renewed | Apartment | 1 Bed | 1353.67 |
| 20 Mar 2026 - 19 Mar 2027 | 55,000 | Renewed | Apartment | 1 Bed | 829.79 |
| 1 Apr 2026 - 31 Mar 2027 | 80,000 | New | Apartment | 1 Bed | 823.01 |
| 1 Apr 2026 - 31 Mar 2027 | 75,500 | New | Apartment | 1 Bed | 829.36 |
| 22 Mar 2026 - 21 Mar 2027 | 70,000 | Renewed | Apartment | 1 Bed | 714.40 |
The data displayed is based on average prices and sizes of all 1 Bedroom apartments in Jumeirah Village Circle.
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Average price of a 1 bedroom apartment nearest to Penrose Place
The data displayed is based on average prices and sizes of 1 bedroom apartment rented in the last 3 months.
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Amenities
Residents of Penrose Place enjoy a thoughtfully curated range of amenities designed to enhance comfort, leisure, and well-being. The facilities support a balanced lifestyle, providing spaces for relaxation, fitness, and social interaction.
- Temperature-controlled swimming pool
- Fully equipped gymnasium
- Children’s play area
- Landscaped gardens
- 24-hour security and CCTV surveillance
- High-speed elevators
- Dedicated covered parking
- Elegant lobby with concierge services
- Central air conditioning
- Multi-purpose community hall
What Residents say about Penrose Place
S
Sarah B.I’m living in JVC for 3 years now and it’s a great place to live if you are looking for apartments with good value for money. JVC is located near Al Khail Road meaning approximately 20 minutes from Dowtown, around 15 minutes from Marina, around 10 minutes from Dubai Hills Mall, so it’s a well located community. Few downsides I noticed are that it’s a non-pedestrian area so really difficult to go for a walk and a lot of traffic at the exits due to very few exits available unfortunately.
O
Omar R.JVC is one of my favorite if not my absolute favorite communities in Dubai, entry and exit are crowded during peak hours, but what area is not facing the same nowadays in Dubai! I loved the green spaces, multiple parks (including Dog Parks) and a shopping mall with a cinema and a big hyper market. Walking is very much encouraged, and services are around every corner.
Good area
M
Mahmoud N.I’ve visited JVC multiple times while considering it for investment. The community itself is well planned, family-friendly, and has good walkability, greenery, and parks, which makes it appealing from a lifestyle point of view. however, connectivity is still a challenge. Commute times can be inconvenient, sometimes or actually most of times ,and relying on a car is almost mandatory. Another downside is the ongoing construction across many parts of the community, which impacts noise levels and overall calmness. From an investment perspective, the price versus value didn’t fully justify the decision yet, given the commute and construction factors. Overall, it’s a good community with strong potential, but still needs time to mature.
