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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 May 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
Bulgari Residences103,8275,4745.3%

The cap rate (rental yield) in Jumeirah Bay Island is 5.3%.

Sales prices for completed properties in Jumeirah Bay Island

RoomsSize, sqmSale price, AED/sqmSale price, AED
114284,61112,000,000
2187114,96121,500,000
3258104,82427,060,000

Rents in Jumeirah Bay Island

RoomsSize, sqmRent, AED/sqm/yearRent, AED
11445,474785,705
21915,4741,045,653
33085,4741,687,912
47765,4744,245,541
51,0835,4745,927,888
93,6205,47419,819,982

Price for completed 1 bedroom apartment in Jumeirah Bay Island is 12,000,000 AED or 84,611 AED/sqm.
Price for completed 2 bedroom apartment in Jumeirah Bay Island is 21,500,000 AED or 114,961 AED/sqm.
Price for completed 3 bedroom apartment in Jumeirah Bay Island is 27,060,000 AED or 104,824 AED/sqm.

Rent in Jumeirah Bay Island is 104,824 AED/year/sqm on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Jumeirah Bay Island is 785,705 AED or 5,474 AED/sqm.
Rent for 2 bedroom apartment in Jumeirah Bay Island is 1,045,653 AED or 5,474 AED/sqm.
Rent for 3 bedroom apartment in Jumeirah Bay Island is 1,687,912 AED or 5,474 AED/sqm.
Rent for 4 bedroom apartment in Jumeirah Bay Island is 4,245,541 AED or 5,474 AED/sqm.
Rent for 5 bedroom apartment in Jumeirah Bay Island is 5,927,888 AED or 5,474 AED/sqm.
Rent for 9 bedroom apartment in Jumeirah Bay Island is 19,819,982 AED or 5,474 AED/sqm.

Residential property projects in Jumeirah Bay Island

Off-planReady
Bulgari Lighthouse Dubai (100%)
Bulgari Residences

Share of off-plan projects in sales in Jumeirah Bay Island is 14%

Sales and rents in Jumeirah Bay Island in May 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
Bulgari Residences
103,8279 5,4746
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




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