Jumeirah Living Business Bay Property Development By Select Group

Last Updated on: 13th November 2024, 03:20 am

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Introducing the Jumeirah Living Business Bay Property Development By Select Group, an exquisite luxury residential project that exemplifies modern elegance in one of Dubai’s most sought-after locales. Known for their premium property developments, Select Group has embarked on crafting a living experience that seamlessly blends sophistication and comfort within the vibrant ambiance of Business Bay. This iconic 35-storey building houses 82 residential units, including 2, 3, and 4-bedroom apartments ranging from 2,007 sq. ft. to 4,227 sq. ft., alongside opulent 4 and 5-bedroom penthouses. Residents can anticipate unparalleled living combined with stunning waterfront views and easy connectivity to major attractions, making this property a remarkable opportunity for prospective buyers interested in Dubai property investment. Remarkably, the project is scheduled for completion in Q4 2025, aligning perfectly with the growing demand for luxury living in Business Bay and enhancing its appeal as a future home or investment.

Key Takeaways

• 82 residential units in a stunning 35-story building.
• Options include 2 to 4-bedroom apartments and opulent penthouses.
• Completion expected in Q4 2025, making it a prime investment opportunity.
• Located near major attractions, offering seamless connectivity.
• Residents enjoy luxurious amenities and a rich lifestyle.

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Overview of Jumeirah Living Business Bay

Jumeirah Living Business Bay represents a significant addition to the portfolio of Select Group real estate projects in Dubai. This residential development is meticulously designed to cater to upscale living, ensuring a luxurious lifestyle for its residents.

Introduction to Select Group

Select Group stands out as one of the foremost property developers in the UAE, known for transforming the skyline with high-end residential and commercial properties. Collaborations with prominent hospitality brands like InterContinental and Radisson Blu have further enhanced the allure of their projects. The commitment to quality and innovation is evident in each venture, particularly with the Jumeirah Living Business Bay, which introduces both two to five-bedroom apartments and penthouses, meeting the diverse needs of discerning buyers³⁴.

Project Location and Significance

Strategically nestled near the Dubai Water Canal, Jumeirah Living Business Bay offers breathtaking views and seamless access to essential landmarks, including Burj Khalifa and The Dubai Mall. This prime position promotes a vibrant community that harmonizes residential, commercial, and leisure elements, making it a highly sought-after locale for waterfront properties in Business Bay. With an expected completion by Q4 2025, the development will feature 82 serviced apartments with a variety of luxurious Jumeirah Living Business Bay amenities such as swimming pools, a gym, and concierge services³⁵.

Luxury Features of Jumeirah Living Business Bay

Jumeirah Living Business Bay presents a stunning array of luxury features designed to offer an unparalleled lifestyle. With a focus on sophistication and comfort, the residential options cater to diverse tastes and preferences in luxury living in Business Bay.

Residential Options Available

The development comprises 82 opulent residences with floor areas ranging from 186 to 896 m². This includes meticulously designed 2, 3, and 4-bedroom apartments as well as exquisite penthouses available in simplex and duplex configurations. The Jumeirah Living Business Bay floor plans highlight the spacious layouts, with apartments ranging from 2,007.47 to 4,280 sq. ft., while penthouse units offer generous spaces between 5,129 and 9,649 sq. ft⁶. The appeal of these residences is further enhanced by the additional benefits provided to residents; for instance, owners of 2-bedroom apartments enjoy Silver Membership in the Jumeirah One Program, which includes various perks⁷.

Architectural Design and Amenities

The architectural design of the Jumeirah Living Business Bay tower embodies a modern maritime aesthetic, providing breathtaking vistas of the Dubai skyline and Water Canal. Amenities included in this luxury living experience consist of two lavish swimming pools with waterfront perspectives, a jacuzzi spa, steam room, and a state-of-the-art gymnasium⁶. Residents can indulge in premium services, including concierge support, a resident’s lounge, and a guest relations team. These offerings exemplify the thoughtful integration of lifestyle and community, which are hallmark features of Select Group residential developments⁸. The project is expected to reach completion by Q4 2025, ensuring a timely delivery of these luxurious features and finishes⁸.

With exceptional craftsmanship and high-end finishes, this development sets a new standard for luxury within the competitive real estate market of Dubai⁶⁸⁷.

Jumeirah Living Business Bay by Select Group

Jumeirah Living Business Bay is an attractive opportunity for those eyeing Dubai property investment. With a prime location in the thriving Business Bay area, the development promises to deliver significant returns and luxury living. Investors can take advantage of a flexible payment plan, requiring just a 5% down payment at sales launch, 35% during construction, and the remaining 60% upon handover⁸. This structured investment mechanism reflects the commitment to offering a feasible pathway to homeownership.

Investment Potential in Dubai

The investment potential in Dubai real estate remains robust, particularly with the projected rental yields for Jumeirah Living Business Bay. A 3-bedroom apartment in this project is expected to generate an impressive 7% return on investment (ROI), with estimated rents around 631,996 AED annually⁹. Similarly, a 4-bedroom apartment can yield 6% ROI, with estimated rental income near 707,007 AED⁹. This aspect solidifies the case for luxury properties in Business Bay as appealing assets for both local and international investors.

Unique Selling Points

The unique selling points of Jumeirah Living Business Bay go beyond its stunning architecture and luxurious finishes. The development consists of a variety of unit types, including approximately 82 units featuring two-, three-, four-, and five-bedroom apartments as well as penthouses¹⁰. Units range in size, with apartments starting at 2,007.47 sq.ft and penthouses reaching up to 12,000 sq.ft, catering to diverse preferences⁹

• Luxury amenities: Swimming pools, a modern gym, and a yoga deck enhance the lifestyle experience.
• Convenient location: Close to landmarks such as the Burj Khalifa and Dubai Mall, ensuring accessibility to key attractions.
• Community environment: Managed services including housekeeping and security foster a strong sense of belonging.

These features collectively underscore the appeal of Jumeirah Living Business Bay amenities, providing residents with an enriched living experience in one of Dubai’s most coveted neighborhoods.

Conclusion

Jumeirah Living Business Bay by Select Group embodies the pinnacle of luxury living in Business Bay, Dubai. With a diverse range of appealing residential options, residents will find themselves surrounded by a vibrant community and exceptional amenities.This residential development not only promises stunning views of the Dubai Water Canal and Downtown Dubai but also caters to varied lifestyles with top-quality finishes and modern architecture.

As a project from a recognized top property developer in UAE, Select Group, prospective buyers can rest assured about the investment quality. Business Bay is known for its high demand for properties, offering excellent rental returns and potential ROI of up to 6% in a rapidly developing area¹¹¹².

With the completion expected in 2025, the strategic location near major attractions and an intricate network of transport options will enhance the allure of this project. Investing in Jumeirah Living Business Bay truly encapsulates the essence of luxurious living in a thriving environment that promises both comfort and convenience¹³.

Source Links

1. https://peninsula-select-group.ae/jumeirah-living-business-bay
2. https://yourplace.ae/off-plan-property/jumeirah-living-business-bay/
3. https://www.binayah.com/dubai-projects/jumeirah-living-business-bay/
4. https://sevenluxuryrealestate.com/dubai-property/jumeirah-living-at-business-bay-dubai-from-select-group/
5. https://www.skyscrapercenter.com/building/jumeirah-living-residences-business-bay/44848
6. https://www.jumeirah.com/en/jumeirah-group/press-centre/press-releases/press-releases-for-2022/jumeirah-group-to-debut-jumeirah-living-business-bay
7. https://www.axcapital.ae/offplan/detail/jumeirah-living-business-bay
8. https://www.propertyfinder.ae/en/new-projects/select-group/jumeirah-living-business-bay
9. https://www.tanamiproperties.com/Projects/Jumeirah-Living-Business-Bay
10. https://propsearch.ae/dubai/jumeirah-living-business-bay
11. https://www.dubaihousing-ae.com/post/pros-and-cons-of-living-in-business-bay-community/
12. https://arabmls.org/pros-and-cons-of-living-in-business-bay/
13. https://luxurypropertieshub.com/pros-and-cons-of-living-in-business-bay-dubai/