Staff Report
Dubai, UAE
Svarn Development, a real estate development based in Dubai, has announced the sell-out of Sereno Residences – its residential development at District 11 in Jumeirah Village Circle (JVC). The announcement was made at the project’s ground breaking event.
Sereno Residences comprises 91 residential units, including eight studios, 74 one-beds, and nine two-bed room apartments, across a cumulative plot size of 28,003 square feet, built-up across G+5 floors on 83,436 square feet. The launch price line for Sereno Residences started at Dh624,900 for studios in the range of 382-388 square feet to Dh1.499 million onwards for two-beds between 1,205 to 2,099 square feet, with flexible payment plans to suit various timelines of investors.
“At Sereno Residences, our focus is to create life spaces that are distinct in its living quality and functional advantages in a harmonious and peaceful ambience. The project’s location at JVC, a well-established community with excellent infrastructure and smooth connectivity to the key landmarks of Dubai, also adds to potential increase in RoI as Dubai’s realty continues to scale new heights,” said Ramesh Aswani, Chairman of Svarn Development.
Sereno Residences is slated for completion in the last quarter of 2026. The project contract has been awarded to Gamma Contracting.
Svarn Development is also looking at a robust pipeline of projects with estimated investments of over Dh300 million in key and emerging communities including in Dubai Land Residence Complex (DLRC), within the Dubailand development in close proximity to Sheikh Mohammed Bin Zayed Road (E311) and the Dubai-Al Ain Road (E66).
“The surge in demand for prime real estate in Dubai, thanks to the continuing influx of global HNWI and non-HNWI investors, attracted to the lifestyle and world-class infrastructure of Dubai is propelling a market upheaval. At Svarn Development, we plan to ride the crest of this demand wave,” said Naresh Odhrani, Director at Svarn Development.
Residential properties in Dubai have been clocking exponential growth in the first half of 2025 with DXB Interact data showing 99,057 transactions, a 22.5 per cent rise compared to the corresponding period last year. Value of transactions grew by 40 per cent to Dh328.8 billion compared to 2024 first-half.
“JVC is one of the prime investment destinations benefiting from the demand surge with properties in the community offering both rental yields and asset values upwards 10 per cent, in sync with the overall growth of Dubai’s real estate market,” added Shaikh Shamshuddin, Director at Svarn Development.
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Also read: Dubai Sotheby’s International Realty closes Dh161 mn Palm Jumeirah sale
