Jumeirah Bay Island area in Dubai - prices, rents and cap rates

Cap rates for projects in Jumeirah Bay Island area in Dubai

Data as of September 2024

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
Bulgari Residences	180,095	5,515	3.1%

The cap rate (rental yield) in Jumeirah Bay Island is 3.1%.

Sales prices for completed properties in Jumeirah Bay Island

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	179	172,731	31,000,000
3	243	185,544	45,000,000

Rents in Jumeirah Bay Island

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
2	194	5,515	1,070,000

Price for completed 2 bedroom apartment in Jumeirah Bay Island is 31,000,000 AED or 172,731 AED/sqm.
Price for completed 3 bedroom apartment in Jumeirah Bay Island is 45,000,000 AED or 185,544 AED/sqm.

Rent in Jumeirah Bay Island is 185,544 AED/sqm/year on average for long term rent of an apartment.

Rent for 2 bedroom apartment in Jumeirah Bay Island is 1,070,000 AED or 5,515 AED/sqm.

Residential property projects in Jumeirah Bay Island

Off-plan	Ready
Bulgari Lighthouse Dubai (100%)	Bulgari Residences

Share of off-plan projects in sales in Jumeirah Bay Island is 13%

Sales and rents in Jumeirah Bay Island in October 2024

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
Bulgari Residences	180,095			2	5,515	2
Bulgari Lighthouse Dubai

Area guide for property buyers in Jumeirah Bay Island

What are the advantages of 'Jumeira Bay' area in Dubai for property buyers vs. other areas? What are the disadvantages?

Advantages:

1. Jumeira Bay is located in the heart of Dubai, making it easily accessible to all of the city’s attractions and amenities.

2. The area offers a wide variety of property types, from luxury villas and apartments to townhouses and penthouses.

3. Jumeira Bay is known for its stunning waterfront views and its proximity to the beach.

4. The area is also home to some of Dubai’s most luxurious hotels and resorts, making it a great choice for those looking for a luxurious lifestyle.

5. The area is also home to a number of shopping malls, restaurants, and other entertainment venues, making it an ideal spot for those looking for a vibrant lifestyle.

Disadvantages:

1. Jumeira Bay is one of the most expensive areas in Dubai, making it difficult for some buyers to afford.

2. The area is also known for its high levels of traffic, making it difficult to get around during peak hours.

3. The area is also prone to flooding during the rainy season, which can cause damage to property.

4. The area is also known for its high levels of pollution, which can be a health hazard for those living in the area.

What areas are cheaper than 'Jumeira Bay' area in Dubai but provide a similar quality of living?

1. Al Barsha
2. Al Quoz
3. Al Warqa
4. Al Khail
5. Al Safa
6. Al Nahda
7. Al Furjan
8. International City
9. Discovery Gardens
10. Jumeirah Village Circle

Where is 'Jumeira Bay' area in Dubai located? What other areas are close by?

Jumeira Bay is located in the Jumeirah area of Dubai. Other areas close by include Umm Suqeim, Al Safa, Al Wasl, Al Manara, and Al Barsha.

Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.

(x%) shows share of off-plan properties in sales in the last complete month