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Jumeirah Beach Residence (also known as JBR) is a 1.7 kilometres (1.1 mi) long, 2 square kilometres (0.77 sq mi) gross floor area waterfront community located on the coast of the Persian Gulf in Dubai Marina in Dubai, United Arab Emirates. It is a residential development and contains 40 towers (35 are residential and 5 are hotels).
Al Fattan Properties LLC is a developer of villas, offices, retail complexes, warehouses, hotels and resorts. A project completed in 2012 is a 5 star 259 room beachfront resort on Palm Jumeirah which also houses 28 luxury residences. The resort, managed by Turkish luxury hotel chain Rixos Hotels has been named Rixos The Palm Dubai. [3] [4]
Dubai Properties is a property development and management company based in Dubai, United Arab Emirates. [2] The company is a member of the Dubai Holding group . [ 3 ] In 2009 the attorney general of Dubai stated that Hashim Al Dabal, then chairman of Dubai Properties, was arrested on "suspicion of embezzlement ". [ 4 ]
Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and urban planning. Real estate is a driver of Dubai's economy. [1] The city's real ...
The Walk at Jumeirah Beach Residence is a 1.7-kilometre (1.1 mi) strip at the ground and plaza level of the complex, developed by Dubai Properties. Completed in 2007, since opening officially in August 2008 [ 11 ] it has become a tourist attraction.
Property prices in the Emirates had fallen 58% from their peak in the fourth quarter of 2008. [24] The world economic recovery from the Great Recession resulted in a rebound for the Dubai real estate market: it was reported that "residential prices [in Dubai] rose by 17.9% from August 2012 to 2013, while rents soared by 14.9% in the same period".
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Dubai Marina 306 m (1,004 ft) 73 2013 13 Emirates Crown: Dubai Marina 296 m (971 ft) 63 2008 14 Forte Towers 1: Downtown Dubai 295 metres (968 ft) 75 2023 15 Grande Signature Residences: Downtown Dubai 290 metres (950 ft) 78 2023 16= Opera Grand: Downtown Dubai 288 metres (945 ft) 71 2021 16= Sulafa Tower: Dubai Marina 288 metres (945 ft) 76 ...