Set to rise above the dynamic area of Jumeirah Beach Residence (JBR), FIVE Luxe is a prime beachfront 56-storey development by FIVE Holdings Real Estate Group. The project will be designed in a cascading U-shape structure with a central swimming pool, similar to FIVE Palm Jumeirah, and will feature a collection of 227 hotel suites, alongside 102 serviced residences. That being said, there are beautifully crafted studios, 1-3 bedroom apartments and beach villas on the podium levels available for acquisition.
Prospective real estate buyers have the opportunity to choose from the following property types:
The size of residences in FIVE Luxe ranges from 438 sq. ft to 3,443 sq. ft, and the layouts will include terraces or balconies with gorgeous Arabian Gulf views. Additionally, properties will be complemented with super-high ceilings (12 ft), as well as upscale kitchens and bathrooms with all the necessary fixtures and fittings.
The FIVE Hotels & Resorts brand is famed for its unparalleled entertainment venues, combined with lavish parties, and the upcoming FIVE Luxe development will elevate these experiences to another level. As a result, potential occupants will have privileged access to the following amenities:
One can purchase a residence in FIVE Luxe at an initial cost of AED 3.8M (USD 1.03M).
*The price is valid for 2022
FIVE Luxe is located between 2 elite hotels – The Ritz-Carlton Dubai and Movenpick Hotel Jumeirah Beach, and is within close proximity to King Salman Bin Abdulaziz Al Saud St. There are plenty of public transport stations easily accessible nearby, such as Jumeirah Beach Residence 1, Seaside; Marsa Dubai, Jumeirah Beach Residence Station 1 and Jumeirah Beach Residence 1, in addition to Sobha Realty Metro Station.
Residents of FIVE Luxe will be able to benefit from endless leisure and entertainment options right on their doorsteps. That being said within a 15-minute walk, it will be possible to reach many iconic destinations found below:
As well as all the above, within the same distance, there are a number of social facilities available, which include, but are not restricted to:
Expected for completion in Q2 2023, FIVE Luxe is situated on one of the last available plots in JBR and is set to become the tallest building in the neighbourhood, making it a truly one-of-a-kind real estate investment opportunity. That being said, you will be able to rent out your property and generate a lucrative income with a 7% guaranteed ROI for 10 years. At the same time, the upcoming luxury hotel will handle the fees for utilities, water and maintenance, in addition to the service charge.
Not forgetting that property owners will also be granted 14 free night stays (incl. the Russian New Year period) and 20% savings on all FIVE Hotels & Resorts across the world. Taking into account the close proximity of FIVE Luxe to some of the most iconic landmarks in Dubai, and the availability of premium amenities onsite, it is safe to say that the development will boast a high occupancy rate, guaranteeing a constant cash flow.
When investing in an off-plan/secondary property worth at least AED 2M (USD 545K), you will be granted a 10-year Golden Visa, which will enable you to stay in the UAE with your family and domestic staff without the need for Emirati sponsorship. Not forgetting that Golden Visa holders in Dubai can take advantage of an Esaad card, which provides discounts across 7,237 brands in the UAE and 92 countries worldwide.
JBR Luxe is the third development by FIVE Holdings in Dubai, following the enormous successes of FIVE Jumeirah Village Circle and FIVE Palm Jumeirah. In addition, in July 2022, the first international FIVE Hotels & Resorts outpost opened in Zurich – the 87-room boutique hotel called FIVE Zurich.
*The price is valid for 2022
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