Properties for Sale in JBR

JBR is one of the most popular and sought-after residential communities in Dubai as the premium waterfront district is located along the coast of the Arabian Gulf in Dubai Marina. The area is home to several of the city’s famous landmarks, including The Beach and The Walk. The master developer of Jumeirah Beach Residence is Dubai Properties, which is part of the government owned Dubai Holding, famous for many unique projects in Dubai. The development of JBR was launched back in 2002 and was officially opened to the public in 2008. The total cost of the project amounts to AED 6B (USD 1.6B) and the total area of the development is 18,298,647 sq. ft. The London-based Mace Group was appointed as the management company of the project, where they ensured premium quality construction by bringing in a 95% foreign workforce to the site, used a professional services team from five different continents, as well as importing 80% of building materials from abroad. The architect of the project was Arif & Bintoak, which are well-known for their architecture design of many residential and commercial projects around Dubai.

This community comprises more than 40 hotel and residential towers, each up to a maximum 46 storeys high. JBR has a total of 6 residential blocks called: Murjan, Sadaf, Bahar, Rimal, Amwaj and Shams. Currently, there are around 7,000 residential units, making it possible to accommodate 15,000 people. The whole development has broken at least two world records by being the largest residential quarter in the world and the largest single-phased, mixed-use development of its kind, ever created. JBR offers a wide range of residential units, such as studios, 1, 2 and 4-bedroom apartments, and penthouses available for sale and to rent. Due to the beach lifestyle and its wide variety of retail stores, restaurants and cafes, JBR is very popular among young families and single people. Residents of JBR have access to the following amenities and facilities:

• Swimming pools
• High-tech gyms
• Beauty salons
• Service centers
• Premium five-star hotels
• Designer outlets
• Cinema
• Restaurants and bars

The luxury residential units are most often available furnished and some of them come as serviced. The apartments have spacious living spaces and include top-notch modern amenities, such as private pools, walkways and landscaped gardens. All residential units feature a panoramic view of the whole neighbourhood as well as the sea, and some of Ain Dubai. The architecture of the buildings in JBR are inspired by Mediterranean and Arab designs, and is a beautiful contrast to the modern skyscrapers spread across the rest of the emirate.

Jumeirah Beach Residence is among the busiest and liveliest neighbourhoods in Dubai. It has a lot to offer to residents and tourists from the trendy leisure spots, to the overwhelming number of activities going on throughout the year.

According to the Bayut 2020 Annual Rental Report, Jumeirah Beach Residence is one of the top choices in Dubai for renting luxury apartments. Considering its seafront location, the number of entertainment spots and famous landmarks nearby, as well as the property being freehold, this opportunity for investment is not to miss. This area appeals to those who are looking to both invest and acquire a home right on Dubai’s seafront. Despite the high demand for the premium residences in JBR, prices to rent and buy property are still quite flexible and affordable.

Currently, over 33 nationalities reside in Jumeirah Beach Residence. This is definitely increased by the amount of visitors in the area due to it being a prime holiday spot for tourists. Multiple hotels, restaurants, nightlife destinations, all-year-round exciting activities, as well as the best beaches and beach clubs in Dubai, attract people from all over the world. JBR is a perfect choice for commercial investment as well, as it is located near the biggest business and leisure districts.

The most popular property choice for investment in Jumeirah Beach Residence is a studio, since it offers the highest ROI of 6.1%. The average rental price in the area for a studio apartment is AED 70,000 (USD 19,000) per year. The minimum selling price for a studio in JBR starts from AED 780,000 (USD 213,000). Taking into account the obligatory fees for management, utilities and 5% VAT, the net profit will be approximately AED 63,000 (USD 17,000) per year.

The coastal residential area of Jumeirah Beach Residence offers a wide range of residential units both for sale and to rent. These apartments come in various styles and sizes, and are designed with the latest fixtures and fittings. The view of the waterfront, as well as a range of entertainment and luxury amenities, attract a lot of homeowners to JBR.