My Own Home: Off-plan gamble pays off for 15-year Dubai resident who buys Dh1.6 million home


Katy Gillett
  • English
  • Arabic

My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in

Tuleke “Tilek” Djaichiev, a Dubai expat from Kyrgyzstan, has been in the UAE 15 years and laid down roots here not only by buying a property but also opening his own business.

Despite working in the real estate field, he only bought his first property here three years ago, an off-plan three-bedroom apartment in a new development called Luma22 by TownX.

Since moving in, he's not even thought about living anywhere else, as he quickly settled in.

The National takes a look around.

Please tell us about your home.

It’s a three-bedroom apartment and all the bedrooms have their own shower room and toilet. I have a guest toilet as well, so four bathrooms overall.

The layout and quality are very nice. The kitchen is well equipped. The apartment has one balcony.

I live here by myself, but my wife and children come during school holidays, like four or five times a year.

Size-wise it’s perfect for me.

What renovations have you done?

None, because the building is still new. I've done my furnishing only.

How would you describe your interior design style?

I would describe this as very modern. The interior design is very simple, but it’s good quality. The kitchen is equipped with Siemens equipment. I really like my kitchen.

Tuleke Djaichiev's interiors are minimal and modern. Chris Whiteoak / The National
Tuleke Djaichiev's interiors are minimal and modern. Chris Whiteoak / The National

I like all the building materials they’ve used from the developer. It’s very minimalistic and good quality, very bright with high ceilings. It’s about 3.3 metres to the ceiling, which is what I love about the layout.

How much did you buy your property for?

I got it for Dh1.6 million ($436,000) total. Right now I think it’s about Dh2.4 million to Dh2.5 million.

Why did you decide to buy three years ago?

I spent a long time renting properties and then I realised it’s better to own a house. My business was doing well and I was thinking to buy through a mortgage, but since I had cash in my hand, I decided to buy it off-plan and covered the cost.

Why did you choose this neighbourhood?

I like JVC because of the location and this building because I like the developer. The location first, the developer second.

It’s very central, close to shopping malls like Mall of the Emirates and Dubai Mall, and you can go easily through to Al Khail Road. If you want to go to Palm Jumeirah or you want to go to Dubai Marina, you can easily get on to Hessa Street. It’s very convenient for me.

The communal gardens at Luma22 by Town X in JVC, Dubai. Chris Whiteoak / The National
The communal gardens at Luma22 by Town X in JVC, Dubai. Chris Whiteoak / The National

It’s very rare I go out to the parks or for walks – I’m usually coming by car. I’m about 10 to 15 minutes away from my workplace in Media City, even with traffic. With no traffic, it takes only nine minutes.

What facilities do you have?

In my building there are two swimming pools – one for ladies and a communal one. We also have two gyms, well equipped with TechnoGym equipment, which I like. Again, it’s separate for ladies and one for men − which both women and men can use. I had never heard about other developers doing separate facilities for men and women in Dubai.

How long do you plan to stay in this property?

I'm planning to stay as long as I can. I’m planning to stay in Dubai for as long as I have a job here.

I don't know if I will find some other property to move to. I'm very happy to stay here. I haven’t even thought about it.

For me, most important is the quality of the building and the layout of the property. I know there are so many areas in Dubai, maybe better than JVC, but I cannot find buildings in those areas with the same size properties and layouts for the same price.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The years Ramadan fell in May

1987

1954

1921

1888

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UAE currency: the story behind the money in your pockets
Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

The years Ramadan fell in May

1987

1954

1921

1888

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

The specs

Engine: 6.2-litre V8

Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

On sale: now

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UAE currency: the story behind the money in your pockets
The low down

Producers: Uniglobe Entertainment & Vision Films

Director: Namrata Singh Gujral

Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark

Rating: 2/5

While you're here

Michael Young: Where is Lebanon headed?

Kareem Shaheen: I owe everything to Beirut

Raghida Dergham: We have to bounce back

Biography

Her family: She has four sons, aged 29, 27, 25 and 24 and is a grandmother-of-nine

Favourite book: Flashes of Thought by Sheikh Mohammed bin Rashid

Favourite drink: Water

Her hobbies: Reading and volunteer work

Favourite music: Classical music

Her motto: I don't wait, I initiate

 

 

 

 

 

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The bio

Favourite food: Japanese

Favourite car: Lamborghini

Favourite hobby: Football

Favourite quote: If your dreams don’t scare you, they are not big enough

Favourite country: UAE

'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

What is a calorie?

A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.

One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.

A kilocalorie represents a 1,000 true calories of energy.

Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.

Alcohol contains about seven calories a gram. 

RACECARD
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Updated: September 08, 2025, 1:26 PM`