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Jumeirah Bay Island

Minimum price of objects4 577 000 AED
Average price of objects137 857 000 AED
The minimum rental price of objects385 000 AED
Community square557418 m²
Preferred object typesApartments, villas
Advantages
Type of buildings:
Residential
Starting price
AED 4,57M
Prestigious neighborhood
Beautiful view
Ecological area

About Jumeirah Bay Island

Jumeirah Bay Island is a sub-community of the large Jumeirah beach area in Dubai and is an artificial island of about 560,000 square meters, located 500 meters from the coast.

The project was developed by a large private company, Meraas Development LLC, and is a multifunctional building that connects to the coast with a 300-meter road bridge.  Locals know this place well and do not question the location of Jumeirah Bay Island.

Uniqueness

The main attraction of the district is a magnificent resort complex created by the developer in cooperation with the famous Bulgari brand, which produces jewelry, and luxury accessories, and owns top hotels in Jumeirah Bay Island.

The residential community includes luxury apartments and large private villas with a swimming pool, ranging from 175 m2 to 540 m2.

There is also a specialized center, Bulgari Marina & Yacht Club, with a marina for 50 yachts, a seafood restaurant, a bar, a swimming pool, and a children's club.

There are many sights of interest and popular buildings in Jumeirah Bay Island, for example, the first hotel in the Middle East named after the famous Italian jeweler, Bulgari.

Outdoor features

  • Public parking
  • Parks
  • Fitness centers
  • Metro
  • Pier
  • Bars

Features

  • Close to the embankment
  • Close to the sea
  • The first coastline
  • Direct access to the beach
  • VIP
  • New buildings
  • Villas
  • Luxury real estate
  • Safe area
  • Located on an island
  • Suitable for families with children
  • Skyscrapers
  • Suitable for recreation
  • Investment attractiveness

Properties in Jumeirah Bay Island

Locals know best where to live in Jumeirah Bay Island. The community consists of different types of real estate. These are private 3 or 4-bedroom villas and luxury apartments in modern residential complexes built with the most advanced architectural solutions. The villas are furnished and have luxurious finishes, a private pool, and a garage.

Locals and guests can enjoy magnificent views of the Persian Gulf and the coastal areas of Dubai, as well as use the services of a private beach with good infrastructure and a yacht marina.

Real estate sales trends in Jumeirah Bay Island

Premium apartments and houses in this quiet secluded area by the sea, close to the city center, are in great demand. It is here that some of the most expensive deals in Dubai were made. In 2017, two Bulgari residences were sold for a record AED 60 and 50 million.

In 2022, one of the island's hotel chains announced the sale of 3-bedroom apartments for $36,994 per square meter. The feature of the property is its convenient location, with a wonderful panoramic view and a unique designer interior in the traditional Italian style. The apartment belongs to the category of elite housing, but such a high cost per square meter is not a common phenomenon even for the premium segment.

Rental trends in Jumeirah Bay Island

Throughout 2021, Dubai experienced strong growth in rental prices. On average, prices rose by 14%, and luxury housing, by up to 30%.

Today, the coastal areas, the man-made palm-shaped archipelago, and the small islands near it are the most popular with tenants. Analysts predict a gradual increase in real estate rental prices here and in 2022, special demand is predicted in the segment of luxury apartments in Jumeirah Bay Island and villas.

If we analyze Jumeirah Bay, tenants here prefer the prestigious multifunctional complex of Bulgari Resort & Residences, with its hotel service and well-developed infrastructure. The average annual rental price of a 2-bedroom apartment here is AED 320,000.

View from the window

Useful information for real estate investors in Jumeirah Bay Island

In 2022, investments in Dubai real estate attract both large entrepreneurs and small private investors from around the world. The local housing market has outperformed major global players such as London, New York, and Paris in terms of price growth.

In early 2022, Dubai ranked third in the world’s largest housing markets, with the highest housing price growth in 2021 at 17%.

The main advantages of investing in Jumeirah Bay Island real estate:

  • You can receive a stable passive income of 10-12% per annum by renting a villa or apartment for short-term rental (for 6 months) to those who want to relax on the Persian Gulf coast. This place is popular with tourists and locals, so the demand for rental housing is always high here.
  • Experts believe that housing prices in the UAE have not yet reached their peak, so you can expect an increase in the value of properties in Jumeirah Bay Island and earn on its resale.
  • When buying an apartment or villa in the UAE for AED 750,000 or more, you can obtain a 3-year resident visa with an option to extend.
  • There is no annual tax on living space in the UAE, which allows investors to make a good profit.
  • If you do not live in the UAE permanently, but you want to invest in local residential real estate to run a rental business, you can use the services of a management company.

ROI in Jumeirah Bay Island

When Jumeirah Bay Island was built, the district began to show one of the highest profitability figures.

The proximity to the coast and the high quality of service at the Bulgari Apart-Hotel provide an average return on investment from 5.5% to 7.4% per annum.

The most popular options for investors are:

  • 2-bedroom apartments
  • Luxury multi-level penthouses with sea views
Infrastructure

Amenities in Jumeirah Bay Island

The area is an ideal place to relax and live on the seashore. It has everything you need for a comfortable life:

  • A community center with various events
  • The cleanest sparsely populated beaches within walking distance
  • Children’s entertainment club
  • Bulgari Jewelry Store
  • A small yacht club with a marina for 50 boats with a yacht charter in Jumeirah Bay Island
  • The Seawake Centre is 650 meters away, where you can rent water sports equipment
  • A large ScubaDive club nearby on the mainland

Transportation and parking spaces

The island is connected to the mainland of the city by a road bridge. Thanks to this, you can quickly access Sheikh Zayed Road, which leads to the main major areas of the city.

The nearest 3 bus stops are located on the mainland, one kilometer away (about 23 minutes on foot). There are 5 city buses.

The nearest metro station of Business Bay is 4 kilometers away.

Al Maktoum Airport is 47 minutes away, and the Dubai International Airport is 20 minutes away.

Car rental on Jumeirah Bay Island, or taxis, are always available for residents and visitors of the district.

Private houses have individual garages, and multi-apartment residential buildings have parking for cars on the ground floors.

Supermarkets

There are no large shopping complexes or supermarkets on Jumeirah Bay Island or in the island community. The nearest mainland shops, which can be reached by car in 5 to 8 minutes, are:

  • Grandiose Supermarket
  • Carrefour Market
  • Asian grocery store QKO
  • Hypermarket Union Coop

Malls

It will take you 7-13 minutes to reach the following malls in Jumeirah Bay Island by car:

  • Town Centre Shopping Center
  • The Mercato Center, with its bright architecture in the Italian style, includes a cinema, food courts, and cafes
  • Boxpark Shopping Complex
  • City Walk outdoor area with separate shops and cafes
  • Large Center Galleria Mall
  • Mazaya Shopping Center
  • The famous Dubai Mall

Restaurants

  • One of the most iconic restaurants in Jumeirah Bay Island is Il Ristorante – Niko Romito, located in the Bulgari Hotel complex. The restaurant is decorated by hand, and the windows offer fascinating views of the Persian Gulf. The Italian chef Niko Romito, a Michelin star winner, works here, and personally developed an exclusive modern cooking concept based on the long-standing traditions of Italian cuisine.
  • The Japanese restaurant, Hōseki, is located on the fourth floor of the hotel, which is on the coastline. The restaurant is among the 50 best restaurants in the Middle East, where you can taste delicious Japanese cuisine while enjoying the beautiful sea view.

Churches, temples, and mosques in Jumeirah Bay Island

Jumeirah Mosque is one of Dubai’s most popular attractions, located near this district.

The mosque is built of white stone in the style of medieval temples. The exterior design consists of 2 minarets that frame a huge dome. The building is open to all religions 6 days a week. Here you can become acquainted with Islamic traditions and local culture.

Ali Bin Salem Al Adedi Masjid, a small mosque, is located 2 km away.

Schools

There are no educational institutions for children on the island, but you can quickly reach kindergartens and schools on Jumeirah Bay Island by car (travel time from 10 to 20 minutes):

  • GEMS Jumeirah Elementary School
  • Kindergarten and Montessori Center Little Land
  • Spring and Hummingbird Kindergartens
  • Dubai International School
  • Dubai National School Al Barsha
  • Emirates International School

Hospitals and clinics

Within walking distance (20 minutes on foot), there is a polyclinic, The Royal Doctors. Emirates Hospital is a 4-minute drive away, and Medcare Hospital is 10 minutes away.

Nearby areas

The nearest mainland area is Jumeirah, which offers the Dubai Water Canal and several good beaches with developed infrastructure for recreation and entertainment on the water.

It will take 16 minutes by car to reach the large Downtown cultural center with a huge singing fountain on a man-made lake, many parks, and gardens, as well as the famous Burj Khalifa high-rise business center.

The man-made Palm Jumeirah with residential buildings, observation decks, and various entertainment venues is a 22-minute drive away.

Beaches near Jumeirah Bay Island

There are several private beaches in the area, which allow you to relax in silence and admire the beautiful views of the Persian Gulf horizon.

These are the nearest beaches on the mainland:

  • Sunrise Beach is a quiet secluded beach with beautiful views
  • Mercato Beach is a sandy beach with cafes and walking paths
  • Jumeirah Beach is a city beach with playgrounds, paths, and beach infrastructure
  • Kite Beach is an ideal place for kayaking and kitesurfing, where there are a running track and children’s playgrounds
  • Sufouh Beach is a beach with a smooth entrance to the sea, with a beautiful view of the famous Burj Al Arab Hotel from its coast

We will select a profitable property for investment

This island is a great place for investment because you will not only find first-class hotel service here but also excellent transport accessibility, proximity to major business and cultural centers of the city, as well as trade infrastructure.

Our experts will be happy to help you choose the best options for property investment on Jumeirah Bay Island for personal use. You can ask any questions you may have regarding transactions with overseas citizens, laws of taxation, and rental business in the UAE.

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