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Dubai is rapidly rising as the center of international trade and travel. It is among the safest cities in the world and boasts one of the fastest-growing economies in the region. The average annual return on investment here ranges from 8 to 10 Percent, with ZERO TAX. Dubai’s Real Estate market, in particular, is an ideal place to invest.
FIVE JBR will have 227 suites, 102 apartments, seven restaurants and nightclubs, and a spa. Guests will also enjoy the pool and private beach area overlooking Ain Dubai, which will open soon, and the Palm Jumeirah skyline.
Five Beach is due to open sometime in 2023 as the hotel is still under construction. Five Hotels and Resorts is gaining momentum despite the global pandemic and is due to open its first international hotel in Zurich this year.
Five Beach, which was previously built as Corinthia in Dubai’s Jumeirah Beach Residence, was acquired by Five and subsequently renamed.