Ready-to-move properties
Five Luxe
From $1,104,000
Property types:Studio, 1 bedroom, 2 bedroom, 3 bedroom, 4 bedroom
Projected cash-on-cash return:6,4%
District:Jumeirah Beach Residence
Developer:FIVE Holding
Class of the property:"A"- Class of the district:"B"
Rating Masterpiece:3★
Completion date:2023
Income guarantee:Unavailable
Window view:Sea
About district
Location
- DistrictJumeirah Beach Residence
JBR is one of the most popular and sought-after residential communities in Dubai as the premium waterfront district is located along the coast of the Arabian Gulf in Dubai Marina. The area is home to several of the city’s famous landmarks, including The Beach and The Walk. The master developer of Jumeirah Beach Residence is Dubai Properties, which is part of the government owned Dubai Holding, famous for many unique projects in Dubai. The development of JBR was launched back in 2002 and was officially opened to the public in 2008. The total cost of the project amounts to AED 6B (USD 1.6B) and the total area of the development is 18,298,647 sq. ft. The London-based Mace Group was appointed as the management company of the project, where they ensured premium quality construction by bringing in a 95% foreign workforce to the site, used a professional services team from five different continents, as well as importing 80% of building materials from abroad. The architect of the project was Arif & Bintoak, which are well-known for their architecture design of many residential and commercial projects around Dubai.
This community comprises more than 40 hotel and residential towers, each up to a maximum 46 storeys high. JBR has a total of 6 residential blocks called: Murjan, Sadaf, Bahar, Rimal, Amwaj and Shams. Currently, there are around 7,000 residential units, making it possible to accommodate 15,000 people. The whole development has broken at least two world records by being the largest residential quarter in the world and the largest single-phased, mixed-use development of its kind, ever created. JBR offers a wide range of residential units, such as studios, 1, 2 and 4-bedroom apartments, and penthouses available for sale and to rent. Due to the beach lifestyle and its wide variety of retail stores, restaurants and cafes, JBR is very popular among young families and single people.
The luxury residential units are most often available furnished and some of them come as serviced. The apartments have spacious living spaces and include top-notch modern amenities, such as private pools, walkways and landscaped gardens. All residential units feature a panoramic view of the whole neighbourhood as well as the sea, and some of Ain Dubai. The architecture of the buildings in JBR are inspired by Mediterranean and Arab designs, and is a beautiful contrast to the modern skyscrapers spread across the rest of the emirate.
This community comprises more than 40 hotel and residential towers, each up to a maximum 46 storeys high. JBR has a total of 6 residential blocks called: Murjan, Sadaf, Bahar, Rimal, Amwaj and Shams. Currently, there are around 7,000 residential units, making it possible to accommodate 15,000 people. The whole development has broken at least two world records by being the largest residential quarter in the world and the largest single-phased, mixed-use development of its kind, ever created. JBR offers a wide range of residential units, such as studios, 1, 2 and 4-bedroom apartments, and penthouses available for sale and to rent. Due to the beach lifestyle and its wide variety of retail stores, restaurants and cafes, JBR is very popular among young families and single people.
The luxury residential units are most often available furnished and some of them come as serviced. The apartments have spacious living spaces and include top-notch modern amenities, such as private pools, walkways and landscaped gardens. All residential units feature a panoramic view of the whole neighbourhood as well as the sea, and some of Ain Dubai. The architecture of the buildings in JBR are inspired by Mediterranean and Arab designs, and is a beautiful contrast to the modern skyscrapers spread across the rest of the emirate.
Statistics by district
Unit cost
Sales price
Unit cost
Sales price per sqft
About developer
FIVE Holding
FIVE Holdings, a Dubai-based real estate group, offers a wide range of services across four key verticals – development, hospitality, restructuring, and investment – designed to leverage the different cycles of the real estate industry.
With a philosophy inspired by the five elements, Five Holdings contribution to society and the economy is represented by the element of consciousness. At FIVE Holdings, They are driven by our vision to create a company that is not only successful in business but also positively impacts those around us.
Five Holdings Properties pays special attention to improving customer service, striving to build trust and customer satisfaction. The company introduces new approaches to customer service and support to ensure their satisfaction at all stages of cooperation.
With a philosophy inspired by the five elements, Five Holdings contribution to society and the economy is represented by the element of consciousness. At FIVE Holdings, They are driven by our vision to create a company that is not only successful in business but also positively impacts those around us.
Five Holdings Properties pays special attention to improving customer service, striving to build trust and customer satisfaction. The company introduces new approaches to customer service and support to ensure their satisfaction at all stages of cooperation.
About building
About Five Luxe
Five Luxe is a waterfront development by Five Holding, which is known for projects such as Five Palm Jumeirah, Five Jumeirah Village Circle and Five Zurich. Five Luxe will be located in the heart of JBR, where residents and guests will have access to a number of premium amenities and will be able to fully enjoy beautiful waterfront living in one of the most popular areas in Dubai.
Five Luxe offers 231 sensational suites and 100 opulent serviced apartments, which include studios and 1–4 bedroom apartments with living areas ranging from 488 sq. ft to 5,100 sq. ft. There will be a selection of beach villas with direct access to the Arabian Gulf for those wanting maximum comfort and opulence.
Apartments in Five Luxe will provide residents and guests with elegance, space and comfort. Panoramic windows and balconies will offer gorgeous views of the Arabian Gulf, Ain Dubai and Palm Jumeirah. A glass lift will allow you to enjoy Dubai from a bird's eye view. The high-end kitchens and bathrooms will include all the fixtures and fittings you desire.
The Five Luxe brand is famed for its unparalleled entertainment venues, combined with lavish parties, and the upcoming Five Luxe development will elevate these experiences to another level
Five Luxe offers 231 sensational suites and 100 opulent serviced apartments, which include studios and 1–4 bedroom apartments with living areas ranging from 488 sq. ft to 5,100 sq. ft. There will be a selection of beach villas with direct access to the Arabian Gulf for those wanting maximum comfort and opulence.
Apartments in Five Luxe will provide residents and guests with elegance, space and comfort. Panoramic windows and balconies will offer gorgeous views of the Arabian Gulf, Ain Dubai and Palm Jumeirah. A glass lift will allow you to enjoy Dubai from a bird's eye view. The high-end kitchens and bathrooms will include all the fixtures and fittings you desire.
The Five Luxe brand is famed for its unparalleled entertainment venues, combined with lavish parties, and the upcoming Five Luxe development will elevate these experiences to another level
Features / Amenities
Parking
Residential lobby concierge
Private beach
Outdoor gym of 7,000 sq. ft
Indoor pool
Signature ReFIVE Spa
Children’s area and pool
Palm tree-lined party pool
Pool bar & Grill
Beach club with world-class cocktails
7 culinary and nightlife venues
Residential lobby concierge
Apartment
Floor Plans
Studio / 711 sqft
1 bedroom / 1284 sqft
2 bedroom / 1845 sqft
3 bedroom / 2405 sqft
4 bedroom / 5100 sqft
Process of purchasing
Process of purchasing property
Payment of 10% deposit to receive a memorandum
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
Please contact Buyer B and our company through this link: link to file
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
- Payment to the company in Dubai
- Check
- Cash in Dubai
- Payment in cryptocurrency (USDT)
- Passport
- ID (if available)
- Phone number
Please contact Buyer B and our company through this link: link to file
Acquiring a No Objection Certificate (NOC) from the developer for selling your property, which is necessary for registering the transaction with the Dubai Land Department
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
Finalizing the sales agreement, which outlines all the transaction details
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
MOU - Final Sales Contract: link
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
- The specific property being sold,
- The total cost of the property being acquired,
- Any additional payments related to the transaction (such as agent's commission, payments to the developer, registration fees with the Land Department, reimbursement of pre-paid expenses for maintenance, etc.),
- The time limit for completing the sales transaction,
- The deadlines and procedures for making payments,
- The responsibility of the parties in the event of failure to comply with the contract terms.
MOU - Final Sales Contract: link
Registering Property in the New Owner's Name at the Land Department.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
- Original passports of both the buyer and seller.
- Original property registration certificate under the seller's name.
- Original No Objection Certificate (NOC) issued by the developer, allowing the property sale.
- Copy of the sales and purchase agreement.
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Management
How can we effectively manage real estate to achieve a return?
The initial and crucial step in transferring an apartment to our management is to sign a three-year cooperation agreement. This agreement outlines the specific conditions to be followed and establishes the monthly payment amounts that you will receive.
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
- Register with DTCM
- Pay utilities (DEWA), gas, AC, Wi-Fi
- Pay consumables as per DTCM guidelines, including bedding, towels, crockery, etc.
- Cleaning
- Advertise for tenant search
- Facilitate tenant check-in and check-out
- Service Charge
- Pest control
- Provide preventive maintenance up to AED 500
- Repairs
- Furnishing
- Decorations
The next step in our process is to prepare the real estate property for handover, making sure it meets the high standards set by DTCM.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
We advertise our apartments to a diverse international and local audience through popular online platforms like Dubizzle, Bayut, Property Finder, Booking.com, Airbnb, as well as through our own agency network.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
At our company, we understand the importance of happy and satisfied clients. That's why we go above and beyond to provide exceptional service to each of our landlords. Our team is available 24/7 to address any concerns or queries.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
Following the departure of each tenant, we diligently inspect the apartment and assess the condition of the furniture for any damages or signs of wear. In the event that damages are identified, we promptly reach out to the tenant and deduct the appropriate amount from their deposit.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
Each month, on the 10th, we will provide you with an interest payment of based on your preferred payment method.
We offer the following payment methods for your convenience:
We offer the following payment methods for your convenience:
- Bank transfer
- Cryptocurrency payment
- Payment to your bank card
- Cash payment
Learn all the details about this project on the free zoom-consultation with our real estate advisor
As a result of the meeting, you'll receive:
Personalized investment strategy
Detailed Сash-on-cash calculation
Legal tax optimization options
Insights about mortgage and purchase process
Head
office:
Office 213, 2 Floor, MSM 1 Building, Al Safa 1, Dubai, UAE
© 2024 Masterpiece Group. All Rights Reserved
E-mail:
Phone:
License №1092965
P.O. Box:
454924
Real estate investment agency and management company with over 13 years of experience in the Dubai market
Office 213, 2 Floor,
MSM 1 Building, Al Safa 1,
Dubai, UAE
MSM 1 Building, Al Safa 1,
Dubai, UAE
