Jumeirah Beach Residence was launched in 2004 and completed in 2008. It is one of the largest single apartment complex projects ever undertaken in Dubai - consisting of 41 towers - 36 of which are residential and having a total of 22 million sq. ft. of gross floor area. 6 different contractors were involved in its construction.
As an area, JBR is a major local and tourist attraction with its beach, retail activity, carnival-like atmosphere and a number of hotel resorts. The newest retail center - the Beach - which was under-construction since 2012 was completed in early 2014 - has further enhanced JBR both in terms of its retail and infrastructure. There are also other works underway to green up the community and a tram that runs across one part of JBR is also under-construction.
JBR's residential property is some of the most sought after in Dubai. The community is particularly attractive for overseas investors & buyers, many of whom spend part of the year holidaying in Dubai. JBR's apartments (there are 36 buildings with over 6,500 units in total) have an average quality construction considering they were sold for prices as low as AED 500 psf. These units have their values associated with the type of view they provide: units have sea views, marina views, partial sea & marina views and courtyard views. The complex has studios, 1, 2, 3 & 4 bedroom apartments. There are also lofts, terraced apartments and duplex penthouses.