JBR – home to some of Dubai’s mot sought-after hotels and resorts as well as a major tourist destination, the 36 residential towers with their retail activity and almost carnival-like surroundings have been creating quite the buzz.
Jumeirah Beach Residence – An Overview
A project completed back in 2008, JBR has gone down in development history as one of the most major apartment complex projects to have materialized in Dubai. The 36 residential towers out of a total of 41 graciously spread out over a total of 22 million sq. ft.
Today, Jumeirah Beach Residence is considered a tourist hot spot with its beach, retail activity and general atmosphere that is reminiscent of a carnival, along with quite a few top-notch hotels and resorts. The Beach, JBR’s latest retail center, gives new spark to the locality in terms of retail and infrastructure. More projects are underway to make the community greener, including a tram system.
Why Buy Apartments in JBR?
Apartments for sale in JBR are among the most prized properties in the UAE today. The community is especially well-suited to foreign investors and buyers who enjoy vacationing in Dubai. The 36 residential buildings house more than 6,500 units which are fairly well constructed, especially taking into account they were sold for as low as AED 500 per sq. ft. The values are typically governed by the type of views they have, i.e. units either have sea and partial sea views or marina and courtyard views. There are studios available for sale as well as singe, two, three and four-bedroom apartments. In addition, you’ll find terraced apartments, lofts and duplex penthouses.
Many famous hotels are also found within the vicinity such as The Ritz Carlton, Amwaj Rotana Hotel, Sofitel Dubai Jumeirah Beach and Sheraton Jumeirah Beach Resort.
A Closer Look at the Types of Apartments in JBR Available for Sale
Studios are available in a select few buildings, and mostly in the Murjan clusters. Sizes vary between 750 and 850 sq. ft. Many of them boast sea views and are found on the lower floors. Typically you’d be paying AED 1,310,000 for a studio, which is AED 1,906 on a price per-square-feet basis.
One-bedroom apartments ranging between 750 and 1,250 sq. ft. can be had for AED 2,108,000, though smaller units are available in the Bahar buildings.
Two-bedroom ones have sizes ranging between 1,250 and 1,500 sq. ft. which are available for AED 2,108,000.
Three-bedroom sizes are typically found between 1,800 and 1,950 sq. ft. and priced at AED 3,639,000.
Four-bedroom ones are in the 2,700 and 3,100 sq. ft. range and priced at AED 5,403,000.
In addition, there are also terrace apartments, lofts and duplex penthouses. Please refer to this page to get a complete overview.
How to Accurately Determine Property Value
As a buyer, you may come across several price ranges for any given piece of property. Take the following into consideration when determining the price of an apartment for sale in JBR:
The view – “full sea view” apartments are generally the most expensive, followed closely by “full and marina views”. Going further down the value chain, we have “partial sea views” and “partial marina views” while some have none at all. There are units that offer a sea as well as marina view while other units offer a partial sea and marina view. There are other factors too; however, views are the top thing to consider when you are valuating a unit.
Units in Amwaj and Rimal are more in demand as they are right in the heart of JBR and provide easy access to all the major retail areas.
Several units in Bahar are smaller and hence have significantly lower prices. Sea views in Bahar may get blocked as construction will be taking place in front of the cluster.
Units in Shams have lower values as well since they are on the other end of the marina.
The Murjan cluster also has somewhat economical values, though reasonably higher than the former two since breathtaking views of the Palm and Marina can be enjoyed from these buildings.
If the unit is rented out, this affects the price too.
And finally, since many units in JBR have been upgraded, this also has as impact on the price.
Talk to one of our property agents to get a complete lowdown on prices and availability in Jumeirah Beach Residence, a community that caters to high-flying vacationers and investors as well as folks looking to settle in reasonably priced apartments offering stunning sea and marina views.