The FIVE Hotels & Resorts are opening their third luxury lifestyle destination in Dubai called Five Beach, which will follow in the footsteps of their other well-known hotels, FIVE Palm Jumeirah and FIVE Jumeirah Village. The new edition to the collection will be located in the Jumeirah Beach Residence area. The project is in the final stages of construction and upon completion, will be the tallest building in JBR, on one of the last available plots in the neighbourhood. The handover date is scheduled for 2023.
The development consists of 227 suites and 102 serviced residences. Fully furnished apartments are offered for sale and made from top-of-the-line wood and marble. There are a choice of themed penthouses to choose from – Beach Villa, Explorer, Pearl Suite, Royal, Writer Suite and Musician.
The amenities of the hotel include seven restaurants and bars, public swimming pools, a private beach and a ReFIVE spa. Apartments in FIVE JBR have private balconies where residents can enjoy the spectacular view of the soon-to-open world’s tallest Ferris wheel – Ain Dubai. The project is similar to the FIVE Palm Jumeirah, built in a cascading U-shape structure with a central swimming pool.
FIVE Beach offers from 3 to 5 bedroom apartments and penthouses along with studios. The price per sq.ft. in this development starts from AED 3,100 (USD 845) to AED 4,500 (USD 1,225), with the studios having the highest price per sq.ft. due to the full sea view.
The average price for studios are around AED 2,700,000 (USD 735,000) to AED 3,000,000 (USD 817,000) with two types of designs available – with and without balconies. The living area for studios without balconies starts at 718 sq.ft. whereas the balcony design is 575 sq.ft.
A 3-bedroom apartment costs around AED 7,900,000 (USD 2,151,000) with an area that starts at 2,346 sq.ft. A 4-bedroom residence with a maid’s room will have a total living area of 5 225 sq.ft. The average price for this type of apartment is AED 18,500,000 (USD 5,037,000) and the incredible full-floor penthouse costs an average of AED 28,000,000 (USD 7,623,000) and will have an area of 9,278 sq.ft.
FIVE Beach is situated in an excellent location – Jumeirah Beach Residence, where residents can easily reach some of the most important destinations of the city. The area offers access to one of the biggest roads in Dubai – the Sheikh Zayed Road. Public transport is also available since Jumeirah Beach Residence Station 1 and 2 are located in JBR as well. The closest metro station is JLT Metro Station Marina Side which is located a 15-minute walk near the Sheikh Zayed Road.
Dubai International Airport along with Al Maktoum International Airport can both be reached in 30 minutes’ from FIVE JBR using a car or taking a taxi. Areas such as Business Bay, Downtown Dubai and the Dubai Creek are all located less than 25 minutes’ away and residents can get to the Burj Khalifa in just 20 minutes’ as well.
FIVE Beach is surrounded by some of the biggest and record-breaking landmarks. Just a 15 minute walk away residents can find the Address Beach Resort with the world’s highest infinity pool, which is located on the 77th floor. Another major destination is Ain Dubai, located a 15 minute car ride away on Bluewaters Island, which is the tallest observation wheel in the world and is set to open in October 2021. Residents will be able to see the 250-meter Ferris wheel from their windows and balconies.
Along with all the above-mentioned destinations, FIVE JBR is surrounded by many other 5-star hotels such as Rixos Premium Dubai, The Ritz-Carlton and Hilton Dubai Jumeirah, just to name a few. JBR Beach and Marina Beach are both accessible to hotel residents, where you can also enjoy boating, beach volleyball and other water activities. The nearest waterpark is AquaFun Water Park located on Marina Beach.
FIVE Hotels & Resorts are one of the top hotel brands in Dubai. According to its company, the hotels are ranked number one in terms of average daily room rate (ADR) and Revenue Per Available Room (RevPAR) in 2020, despite the coronavirus pandemic. In 2021 both hotel locations – FIVE Palm Jumeirah and FIVE Jumeirah Village have an occupancy rate of 88% with a growth of 196% in Q1 2021 compared to the same period in 2019.
One of the most important features of the project is that the property can be rented out and furthermore, the developer guarantees a 10% return rate. The amenities of the premium development along with the exceptional design and its prime location that provides easy access to some of the greatest Dubai landmarks will guarantee a high return on investment for the FIVE JBR residences.
There is also a service charge of AED 25 (AED 6,81) per sq. ft. per unit, which is calculated on the size of the apartment and deducted from the rental income once a year. However, if the property is not rented out, you have to pay the service charge yourself.
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