1 JBR - One JBR - Jumeirah Beach Residence  

1 JBR is a high-rise luxury apartment development by Dubai Properties located neext to the Ritz Carlton in the JBR area. This waterfront development consists of 2, 3 and 4 bedroom apartments & 5 bed penthouses. Initially announced in Q3 2015; the project will be delivered in 2019 or 2020. 1 JBR is positioned as a luxury development with a maximum of 4 apartments per floor. All units offer panoramic views of the sea.

Master Community: Jumeirah Beach Residence
Property Types Available: Apartments
Location: Sheikh Zayed Road, Al Sufouh Road
Status: Under Construction
Year Launched: 2015
Developer: Dubai Properties Group
Title Type: Freehold
Quality Classification: Luxury
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Water-front Community
Under-Construction Apartments: 152

Lookup.ae reports prices and transactional information for Jumeirah Beach Residence

Investment Feasibility & Decision Drivers

Snapshot summary for investing in 1 JBR - One JBR

Investment Score

Value for Money
60%
Project Uniqueness
95%
Location & Connectivity
95%
Rental Yield Expectation
40%
Capital Growth Expectation
60%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Average payment-plan

Ideal for: End-Users & Investors

Price Range: AED 2,780 PSF - AED 3,220 PSF

Unit Types Available: 2 Bedroom Apartment, 3 Bedroom Apartment, 4 Bedroom Apartment

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What Our Experts Think

1 JBR when complete will be among the top tier of luxury addresses. It is one of only a handful of luxury towers in Dubai located right on the waterfront and all apartments in the tower have full sea views as well as views towards the Palm Jumeirah and Blue Waters Island.

The project was launched in 2015 and as of October 2016 limited units are available for sale.

This tower will be one of Dubai's premier residential addresses when completed.

As of June 2017: only 2 bedroom apartments are available with prices ranging from AED 5.5 - 6.2 M. Three and four bedroom apartments can only be purchased on the secondary market.

1 JBR (One JBR) Project Intro

 Published on May 28 2016   395 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.

Properties in One JBR are now available for sale

2, 3 and 4 bedroom sea view apartments located in JBR next to the Ritz Carlton. 3.5 year payment-plan.

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About 1 JBR - One JBR

Overview

- One JBR (1 JBR) is a project by Dubai Properties announced in September of 2015.

- This high-rise development is located next to the Ritz Carlton and is situated on a prime, beach-front plot.

- The tower will rise 43 storeys and consists of 2, 3 & 4 bedroom apartments all of which have views towards the sea / Bluewaters Island and Palm Jumeirah.

- The tower was initially being marketed solely by exclusive agent Gulf Sothebys. This arrangement was changed sometime in 2016.

- 1 jBR is positioned as a true luxury waterfront development. Units in the project have commanded sale prices from AED 2,500 - 3,700 per sq. ft. depending on unit type and floor.

Pre-launch Prices (in 2015)

Units as of Oct 2015 are being sold on a prelaunch basis with starting prices of AED 2,400 per sq. ft. The original payment-plan for this project was as follows:

10% down

10% Jan 2016

10% May 2016

5% Nov 2016

5% Feb 2017

5% May 2017

5% Aug 2017

5% Nov 2017

5% Feb 2018

5% May 2018

35% Handover

Average unit prices in 1 JBR

- 2 Bedroom Apartments had prices ranging from AED 5.4 - 6.3 million (sizes range from 1,936 - 2140 sq. ft.)

- 3 bedroom units had prices ranging from AED 7.2 - 8.3 million (average size of 2,500 sq. ft.)

- 4 bedroom penthouses available for AED 12.2 - 12.8 million (average size of 3,780 sq. ft.)

Sales status as of June 2017

- All 3 & 4 bedroom units have been sold.

- Approximately 19 two bedroom units are currently available for sale with prices of AED 5.5 - 6.1 million (AED 2,870 - 3,340 per sq. ft.)

Project Completion Status (as per DLD): 11.20% (as of 08 Sept, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 3616

Project Number: 1676

Real Estate Developer: Dubai Properties Group

Trust Account Number: 0205070357902

Account Trustee Name: Emirates NBD

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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