Jumeirah Beach Residence
About Jumeirah Beach Residence (JBR)
JBR is one of the most popular and sought-after residential communities in Dubai. This premium waterfront district is located on the coast of the Persian Gulf in Dubai Marina. It is home to several famous landmarks, including The Beach and The Walk. The master developer of Jumeirah Beach Residence is Dubai Properties, a real estate company famous for many unique projects in Dubai. The development of JBR was launched 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. 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 designer of the project was Arif & Bintoak, which is well-known for architecture design of many residential and commercial projects around Dubai.
This community comprises more than 40 hotel and residential towers, each up to 46 storeys high. JBR has a total of 6 residential blocks: Murjan, Sadaf, Bahar, Rimal, Amwaj and Shams. Currently, there are around 7,000 residential units, making it possible to accommodate 15,000 people. It broke at least two 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 wide variety of shops, 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 serviced. The apartments with spacious living spaces 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. The architecture of the buildings are inspired by Mediterranean and Arab designs and is a beautiful contrast to the modern gleaming towers spread across the Emirate.
Infrastructure
The area of JBR is in the popular district of Dubai Marina and is well-connected to all parts of the city and offers exceptional infrastructure. With a great functioning public transport system and close proximity to Sheikh Zayed Road an easy and fuss-free commute is guaranteed. There are two metro stations nearby – DMCC Metro Station (15 minutes), and Dubai Marina Metro Station (10 minutes). They are preferable to use instead of a car during peak times of the day due to the potential traffic around the area. Jumeirah Beach Residence also has its own two tram stops, Jumeirah Beach Residence 1 and Jumeirah Beach Residence 2, which are connected to the above-mentioned metro stations and are only 5 minutes away from the community. Dubai International Airport is located 30 minutes away from JBR, and Al Maktoum International Airport is only 40 minutes away.
As for day-to-day needs, residents can find everything they need in the community itself. Supermarkets, nurseries, schools, hospitals, clinics and places of worship are just some of the amenities to be found within JBR. There are two branches of Emirates NBD as well as an Al Hilal Bank ATM located 5-10 minutes away from the community. JBR is well-known for its entertainment and eateries and features many entertainment venues, branded stores and gourmet restaurants. For an even wider range of leisure activities and nightlife options, residents can visit the nearby waterfront communities in Dubai Marina. Popular attractions of Dubai, such as Dubai Marina Mall, Mall of the Emirates, the Burj Al Arab and Miracle Gardens are located near to the area of Jumeirah Beach Residence.
Investors choose JBR for its close proximity to two major business districts – Dubai Internet City (10 minutes) and Dubai Media City (5 minutes). Both districts are part of the UAE’s free zones and are the leading hubs of information, media and communication. For higher education establishments and recruitment, Dubai Knowledge Park is just 10 minutes away. It is the world’s only Free Zone dedicated to human resource management, professional learning and education.
Entertainment
Jumeirah Beach Residence is among the busiest and liveliest neighborhoods in Dubai. It has a lot to offer to residents and tourists from the trendy leisure spots to the overwhelming number of activities throughout the year.
The Beach
This is one of the best public beaches in Dubai and a perfect destination for a vacation. The Beach is buzzing with activities like yoga sessions, camel rides and beach sports. There is a designated beach sports venue called Sea Breeze, that offers parasailing, wake-boarding and waterskiing as well as multiple play areas for the kids. Aquafun, the world’s largest inflatable water park, is situated right on The Beach. JBR is a great place for the ultimate dining and shopping experience with multiple restaurants and retail spots.
The Walk
The Walk is a 1.7-km-long waterfront promenade that presents upscaled shopping, some of the best eateries in Dubai and a wide range of cultural events hosted all year round. Every weekend there are street show’s and dance performances organized by local performers as well as workshops and pop-up markets. It is also one of the screening venues of the annual Dubai International Film Festival. The Walk offers activities such as recycled art displays, sand sculptures, photography displays, street painting and booths selling arts and crafts. For an exquisite dining experience, one can visit one of the hotels at The Walk, including Hilton Dubai The Walk and Rixos Premium Dubai JBR which both house an array of fine dining and casual restaurant options.
Bluewaters Island
Jumeirah Beach Residences is connected with the man-made Bluewaters Island via a 265-meter pedestrian bridge above the beach. This waterfront area features beaches, two luxury hotels and over 200 retail and dining venues. Bluewaters Island is home to the highly-anticipated upcoming attraction; Ain Dubai, which is due to open later this year. It will be the world’s largest Ferris wheel, offering its passengers the most incredible views of the Burj Al Arab, Burj Khalifa, Palm Jumeirah and Dubai Marina. Another popular hotspot on the island is Caesars Palace, the first one in the UAE and the second one in the world after Las Vegas. It offers a range of watersports, pool and beach activities, spa as well as 12 bars and restaurants.
Economic Appeal
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 big 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 on Dubai’s seafront. Despite the high demand for the premium residences in JBR, prices for renting and buying are 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 purposes, 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 is AED 70,000 (USD 19,000) per year. The minimum 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).