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The UAE is a place where the sun almost always shines. Therefore, the tourist season here is endless. Of particular value in real estate are areas to invest in Dubai, housing in which is attractive for long-term or short-term rental, as well as for permanent residence or a comfortable holiday. One such area is Jumeirah Beach Residence (JBR)
This area is a true tourist Mecca with its pearls. There are luxurious beaches, places for recreation and entertainment, sports activities. The social infrastructure is also on a high level. Therefore, family life here is also pleasant and comfortable. This luxury district is considered the most expensive in Dubai. It is made in the best Arabian traditions with elements of Mediterranean style. "Beach Residence" stretches for 2 km along the coast of the Persian Gulf. Here the luxurious beaches are successfully combined with elegant high-rises. But for those who like peace and quiet here will seem too noisy and crowded. This place is a dynamic and passionate life is especially loved by young people.
Construction of this area was conducted by Dubai Properties from 2002 to 2010. At the moment all the objects have been commissioned, purchase is possible only from the previous owners. The project consists of 40 towers capable of accommodating up to 25,000 people.
At the moment this place is the busiest and most attractive in Dubai. Here are the spectacular skyscrapers with comfortable apartments and flats, as well as beach hotels, a variety of places for recreation, shopping and a pleasant pastime. This city has its own highly developed infrastructure with everything you need for a comfortable and chic life. The Walk being a great place for walking and morning runs, attracts with its elegance, beaches, walking paths under palm trees, cozy restaurants and cafes, stores and much more.
It is one of the richest resorts and best places on planet Earth. JBR has the most vibrant atmosphere with no room for boredom and despondency. Concerts, carnivals and fireworks are often held at The Walk. Here the sea of positivity merges with the waters of the Persian Gulf and in this cocktail dissolves all the sorrows and failures of past days. It is for this kind of atmosphere that people love this place. The tranquility of the blue lagoon gives a unique relaxation. Wellness spas will deliver a lot of incredibly pleasant sensations and help the body to restore its health, youth and beauty. Children will love the inflatable water park, recognized as the largest in the world.
For those making a permanent residence here also has a lot of advantages: kindergartens, schools, universities, hospitals. Metro station allows you to quickly get to any other area.
Walking distance to Dubai Marina with all its luxuries and a huge shopping center. The proximity to Emirates Golf Club and other prestigious areas is also attractive.
The investment appeal of this area has been at a high level for several years. Buy apartment in JBR Dubai is profitable and prestigious. However, there are many nuances that will help you to get more positive from the purchase and avoid unnecessary financial, time and mental expenses. Our specialists will help you to understand it.
The average selling price of residential property here is around 1200 UAE dirhams per square foot per apartment.
The average rental cost per property will be around AED 100,000 per square foot.
The return on investment from short-term rentals is about 7-10% per annum. There are no taxes to be paid on the profits here. So, it is a very good investment.
It is worth buying a property in Jumeirah Beach Residence (JBR) properties very carefully and meticulously, delving into the legal and financial details of the deal. It is also worth using the services of property experts when estimating the value of the property. Often the prices may not correspond to the real value of the property. We will help you to understand all the details and to make your purchase as comfortable and profitable as possible.
You must contact us, we will help you to choose what you need and to buy it for the best price!
Senior Sales Adviser of Chelsea International Properties