Nestled in the trendy area of Jumeirah Beach Residence (JBR), the ultra-luxury FIVE LUXE hotel offers a collection of studios and 1-3 bedroom apartments, alongside a limited collection of beach villas with direct access to the beach. The branded project is being developed by the hospitality division of FIVE Holdings Real Estate Group – FIVE Hotels & Resorts, and is scheduled for opening in the first half of 2023.

Prospective real estate investors will be keen to learn that the initial cost for a property in FIVE LUXE is set at AED 3.8M (USD 1M) and there is a special offer available from Meydan Group. That being said, residence owners will be able to take advantage of an 7% guaranteed ROI for 10 years, with the deduction of the service charge only (approx. AED 40-45 (USD 10.89-12.25) per sq. ft).

At the same time, utilities, water and maintenance will be borne by the hotel. In addition, the exclusive offer includes 14 free night stays, including during the Russian New Year period, and a 20% discount on all FIVE Hotels & Resorts worldwide. Please note that you will need to pay additional fees, such as a 4% DLD fee and a 5% VAT.

The properties, which are now available for sale, are located on the podium levels of FIVE JBR, and each of them will be equipped with balconies or terraces overlooking the Dubai Eye and Palm Jumeirah. Property types here include Superior, Spa Suite, Superior with Jacuzzi, Executive Suite, Superior with Plunge Pool, 2BR with Plunge Pool, Executive – 2BR with Plunge Pool and Spa Suite with Plunge Pool

Designed to deliver unforgettable leisure and entertainment experiences, FIXE LUXE will house a private beach, 7 F&B venues, indoor and outdoor gyms, ReFive Spa, a paddle court, a palm-lined swimming pool and a children’s club.