Overview

Property Description

FIVE Luxe, a 56-storey beachfront development by FIVE Holdings Real Estate Group, is set to rise above the dynamic Jumeirah Beach Residence (JBR). In a similar fashion to FIVE Palm Jumeirah, the building will feature a cascading U-shaped structure with a central swimming pool and 227 hotel suites as well as 102 serviced apartments.. Additionally, there are beautiful studios, 1-3 bedroom apartments, and beach villas available on the podium levels. Located in the Arabian Gulf, FIVE Luxe residences range in size from 438 sq. ft. to 3,443 sq. ft. The layouts include terraces or balconies with stunning views of the Arabian Gulf. The properties will also feature super-high ceilings (12 ft), upscale kitchens and bathrooms, and all the necessary fixtures and fittings. FIVE Luxe residences start at AED 3.8M (USD 1.03M). *Prices are valid for 2022 only In addition to being close to King Salman Bin Abdulaziz Al Saud St, FIVE Luxe is located between two elite hotels - The Ritz-Carlton Dubai and Movenpick Hotel Jumeirah Beach. There are plenty of public transport stations easily accessible nearby, including Jumeirah Beach Residence 1, Seaside; Marsa Dubai, Jumeirah Beach Residence Station 1 and Jumeirah Beach Residence 1, as well as Sobha Realty Metro Station. A truly unique real estate investment opportunity, FIVE Luxe is set to become the tallest building in JBR by Q2 2023. It is expected to be completed in Q2 2023 on one of the last available plots in JBR. Consequently, you will be able to rent out your property and generate a lucrative income, with a guaranteed return of 7% over 10 years. Additionally, the upcoming luxury hotel will cover the costs of utilities, water, and maintenance. Also, property owners will have 14 free nights (including the Russian New Year period) and 20% off all FIVE Hotels & Resorts. In light of the close proximity of FIVE Luxe to a number of Dubai's most iconic landmarks, as well as the availability of premium amenities on-site, it is safe to assume that the development will maintain a high occupancy rate, guaranteeing constant cash flow. In exchange for investing in an off-plan/secondary property worth at least AED 2M (USD 545K), you will receive a 10-year Golden Visa, which allows you to stay in the UAE with your family and domestic staff without needing Emirati sponsorship. The Esaad card offers discounts on 7,237 brands in Dubai and 92 countries around the world, as well as Golden Visa holders in Dubai. Following the tremendous success of FIVE Jumeirah Village Circle and FIVE Palm Jumeirah, JBR Luxe is FIVE Holdings' third Dubai development. In addition, in July 2022, the first international FIVE Hotels & Resorts outpost in Zurich – the 87-room boutique hotel called FIVE Zurich – opened.

Location