- 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% 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
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