Jumeirah Beach Residence - JBR

AED 1,475
-0.67%
-1.47%
-11.2%
90%
-4.21%
6.13%
Historical Price Change of Apartments in Jumeirah Beach Residence - JBR

These are the average Vital Stats for Jumeirah Beach Residence - JBR for 2017 Q2.
You can dig deeper and analyze data for individual properties in Jumeirah Beach Residence - JBR under Transaction Prices and Historical Data.

JBR is a major local and tourist destination with its beach, retail activity and carnival-like atmosphere. The area is home to many of Dubai's most popular hotels & resorts. Jumeirah Beach Residence is both an individual project and a master-community. JBR mainly comprises of 41 cream colored high-rise towers. Besides these towers, there are a few other individual residential & commercial developments.

Property Types Available: Apartments
Location: Sheikh Zayed Road, Al Sufouh Road
Status: Ready
Year Launched: 2004
Year Completed: 2009
Developer: Dubai Properties Group
Contractor: Arabtec
Al Shafar
Dubai Civil Engineering
Al Habtoor Engineering Enterprise
Saleh Construction
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Mature
Special Classification: Water-front Community, Residential Building with some retail, Very close to Tram
Ready Buildings: 36
Ready Apartments: 6,350

1 JBR (One JBR) Project Intro

 Published on May 28 2016   396 Views

 Source: Dubai Properties

 Category: Project Introduction

Announced in early September 2015, the One JBR (1 JBR) will offer 2, 3 and 4 bedroom apartments & 5 bed penthouses.

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About Jumeirah Beach Residence - JBR

Please note: JBR is one of the 60 major communities in freehold Dubai where Lookup.ae reports quarterly prices. We track prices for studio, 1, 2 and 3 bedroom apartments every quarter and report prices based on view. The data only includes prices of JBR buildings developed by Dubai Properties and does not include other luxury buildings in the area including Bateen Tower and Al Futtaim Towers. Detailed property type price data can be viewed in more detail under this section's Transaction Prices and Historic Data sections.

General Guide

Jumeirah Beach Residence was launched in 2004 and completed in 2008. It is one of the largest single apartment complex projects ever undertaken in Dubai - consisting of 41 towers - 36 of which are residential and having a total of 22 million sq. ft. of gross floor area. 6 different contractors were involved in its construction.

Overview

As an area, JBR is a major local and tourist attraction with its beach, retail activity, carnival-like atmosphere and a number of hotel resorts. The newest retail center - the Beach - which was under-construction since 2012 was completed in early 2014 - has further enhanced JBR both in terms of its retail and infrastructure. There are also other works underway to green up the community and a tram that runs across one part of JBR is also under-construction.

JBR's residential property is some of the most sought after in Dubai. The community is particularly attractive for overseas investors & buyers, many of whom spend part of the year holidaying in Dubai. JBR's apartments (there are 36 buildings with over 6,500 units in total) have an average quality construction considering they were sold for prices as low as AED 500 psf. These units have their values associated with the type of view they provide: units have sea views, marina views, partial sea & marina views and courtyard views. The complex has studios, 1, 2, 3 & 4 bedroom apartments. There are also lofts, terraced apartments and duplex penthouses.

JBR consists of six clusters that each have between 4 - 8 buildings:

  1. Shams - 4 buildings
  2. Amwaj - 5 buildings
  3. Rimal - 6 buildings
  4. Bahar - 7 buildings
  5. Sadaf - 8 buildings
  6. Murjan - 6 buildings

Jumeirah Beach Residence also consists of two other residential complexes:

  1. Al Fattan Marine Tower
  2. Bateen Residence

In addition, there are a number of hotel resorts in the community:

  1. Sheraton Jumeirah Beach Resort
  2. Amwaj Rotana Hotel
  3. Sofitel Dubai Jumeirah Beach
  4. Hilton Dubai Jumeirah
  5. The Ritz Carlton
  6. Royal Meridien Beach Resort & Spa
  7. Habtoor Grand Resort & Spa
  8. Al Fattan Marine Tower (Hotel)

In addition, there are a number of hotel resorts in the community:

  1. Sheraton Jumeirah Beach Resort
  2. Amwaj Rotana Hotel
  3. Sofitel Dubai Jumeirah Beach
  4. Hilton Dubai Jumeirah
  5. The Ritz Carlton
  6. Royal Meridien Beach Resort & Spa
  7. Habtoor Grand Resort & Spa
  8. Al Fattan Marine Tower (Hotel)

Types of Property in JBR

Studios: studios are available in very few buildings and mainly in the Murjan clusters. Sizes of the studios range from around 750 - 850 sq. ft. Most of them have views of the sea and are on lower floors. JBR is not a major market for studios as there are very of them.

1 Bedrooms: Range in size between 749 - 1,250 sq. ft. The smallest units are in the Bahar buildings (though are larger units there as well).

2 Bedrooms: typically have sizes ranging from 1,250 - 1,500 sq. ft.

3 Bedrooms: size ranges are usually between 1,800 - 1,950 sq. ft.

4 Bedroom: sizes range from 2,700 - 3,100 sq. ft.

Terrace Apartments: these are like penthouses and have 3 or 4 bedrooms. Sizes range from 4,000 - 5,000 sq. ft.

Lofts: there are several 1, 2, 3 and 4 bedroom Loft apartments in JBR. These were delivered shell and core and allowed owners to customized them. They are few of these units and rarely do they come onto the market. These are premium, unique properties and many of them have been designed to very high standards.

Duplex Penthouses: These are four bedroom duplex apartments which typically have built up areas of 5,500 - 6,500 sq. ft.

Determining Value in JBR

As a buyer in JBR, it can be quite confusing to see many advertisements in JBR with a wide range of prices, so here are a few factors that determine value:

- The quality of the view. Full sea view are the most expensive, followed by full & spectacular Marina views. Next in the value chain are partial sea views, partial marina views, and some units have no views at all (i.e. they face the internal courtyards in the building clusters). There are many units which offer views of both the sea and the marina; similarly other units have partial views of both the sea and marina. So there are a lot of different type of views, but this is the single most important consideration when valuating a unit.

- Units in Rimal and Amwaj are usually more sought after because they are in the center of JBR and have the best access to the major retail areas.

- Many units in Bahar are smaller in size and thus typically have the lowest sale values. Many sea views in Bahar will become obstructed as construction takes place infront of the cluster.

- Shams units also have lower values being on the far end of the Marina. The Murjan cluster also bookends JBR, but values hold there mainly due to some spectacular Palm and Marina views available in these buildings.

- Whether the unit is rented or tenanted can affect price.

- Upgrades: many units in JBR are upgraded and this will of course affect value.

About JBR prices reported on Lookup.ae

Important information about the prices we report in this community

1. JBR has 36 buildings containing 6,350 apartments. The quality across the community is consistent except for one premier building in Murjan (one of the six clusters that make up JBR).

2. Prices for individual buildings can be accessed in the Dubai Land Daily Transactions Tab - this information is accessible only to Estate Agents who are registered members of Lookup.ae. However, as a home-owner/buyer/investor etc. the price ranges we report in the Property Prices section of JBR will give you a firm understanding of current price trends.

3. Lookup.ae takes into account the view when reporting prices as this impacts value more than any other factor in this community.

4. It is very much possible that a transaction took place above or below the range we provide in any given period. Certain transactions in this community will be dictated not so much on price but by desirability - an upgraded unit with a premium view OR a seemingly less desirable unit on a lower floor with no view will be very price sensitive.

Positives of Jumeirah Beach Residence - JBR

Negatives of Jumeirah Beach Residence - JBR

Amenities of Jumeirah Beach Residence - JBR

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