The Fifth Tower: Apartments in JVC District 16
Project and Developer
The Fifth Tower is a residential apartment development in Jumeirah Village Circle, Dubai, developed by Object 1. The project occupies District 16, one of JVC's interior sub-communities, and delivers apartments across a wide range of unit sizes and price points.
Location: District 16 Inside JVC
JVC sits at a central position in Dubai, bordered by Sheikh Mohammed Bin Zayed Road and Al Khail Road. That road network connects District 16 to the rest of the city without significant detours.
Dubai Marina is roughly 15 minutes to the west. Downtown Dubai and Business Bay are about 20 to 25 minutes east. Dubai International Airport is approximately 30 to 35 minutes in normal traffic. For residents commuting to either side of the city, JVC places them in the middle rather than adding extra distance in one direction.
District 16 is an interior zone within JVC, which gives it less exposure to the perimeter arterial roads and a more settled residential feel. JVC itself is a mature community with supermarkets, clinics, nurseries, and cafes operating inside it. Residents do not need to drive out for daily needs.
What AED 554K to AED 1.39M Gets You
The price range at The Fifth Tower runs from AED 554,000 to AED 1,389,000. That is a spread of nearly AED 835,000, reflecting different apartment sizes within the same development.
At the lower end, AED 554,000 attracts investors focused on entry pricing and first-time buyers who want to enter the market without a large upfront commitment. At the top of the range, AED 1,389,000 suits buyers who need more space and are more likely to occupy the unit themselves.
The wide spread means the project serves two distinct buyer profiles. Buyers at the low end are focused on yield and capital efficiency. Buyers near the top are typically prioritising floor space and livability.
Eleven Amenities, Including a Shared Spa
| Category | Facilities |
|---|---|
| Wellness | Yoga room, Gymnasium, Shared Spa |
| Outdoor & Social | Shared Pool, Landscaped Gardens, Barbecue Area |
| Family | Children's Play Area |
| Community & F&B | Cafe and Restaurants, Mosque |
| Security | CCTV Security, Security |
The shared spa stands out among the eleven amenities. Combined with a gymnasium and yoga room, this wellness offering points to a developer targeting residents who want comfort amenities built into the building, not just a functional gym.
The mosque and cafe inside the development handle daily needs without requiring residents to step outside. The children's play area and barbecue zone extend the project's appeal to families and couples. An investor would find this amenity set well suited to families and young professionals looking for a full-service building.
Timeline: Past the Scheduled Completion Date
Object 1 started construction in April 2024 and set the expected completion at July 23, 2026. That date has passed. The project is most likely in its final stages of construction or entering the handover phase.
For buyers looking at this now, the long off-plan waiting period has already run its course. The 40% handover payment moves from a future milestone to a near-term obligation.
Getting In for 10% Down
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| At handover | 40% |
The 10% down payment keeps the initial commitment low. On the entry-level unit, that means roughly AED 55,400 to take a position. On the top-priced unit, the figure is approximately AED 138,900.
The remaining 90% splits across two tranches: 50% during construction and 40% at handover. With the completion date now behind us, buyers entering at this stage face a near-term handover payment. The payment schedule completes at key handover. After that, the buyer holds the unit with no further financial obligations to the developer.