This is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
Update February 2019: A Gold Coast development that has been plagued with controversy: from tradies being laid off during contractor issues in October 2018 to the unfortunate injuries of three workers in a construction accident in December 2018, and the most recent news of the Chinese developer, Yuhu Group, buying up neighbouring land to expand the already sprawling $1 billion development. Construction was due to finish in March 2019, which is now just a month away… will it be completed on schedule? Check back for more updates soon.
Jewel is a three-tower development located on Old Burleigh Road in Surfers Paradise, resulting in it being the first beachfront resort to be built on the Gold Coast in 30 years. The three-tower development will include a three-level podium, a six-star hotel comprising 169 suites, and 512 one, two and three-bedroom apartments. One-bedroom apartments start at $779,000. Two-bedroom apartments at Jewel start from $1.3 million and three-bedroom apartments at $3,988,000.
Stretched across 130m of absolute beach frontage, the Jewel project is unlike anything seen on the Gold Coast in a generation. It truly is a jewel in the crown of the Gold Coast, and will remain a key landmark building for decades to come. The site sits over 2.8 acres and will include expansive resident facilities across all three buildings, including a Michelin Star restaurant and a grand ballroom. There are a total of 812 secure car spaces at Jewel as well.
Tower 1 extends over 41 levels and features 232 one, two and three-bedroom apartments. The west-facing one bedroom, one bathroom, one car-park apartments located between levels 8 to 29 are priced between $799,000 and $1,171,000. Several of the higher one-bedroom apartments, located from Level 30 and above, do get lovely ocean views.
The two-bedroom apartments all have ocean views to at least some degree and start at $1.3 million on Level 4 ascending up to $3.254 million on Level 24. There are only 7 three-bedroom apartments remaining in Tower 1, and these are available for between $4.9 million and $5.5 million.
Tower 2 will be home to an internationally rated 5-star hotel, with 169 rooms between Level 3 and Level 17 of the building. Above the hotel, levels 18 to 46 will be more residential suites, with the option to take advantage of the onsite management and lease these out as holiday rentals. The holiday leases in Tower 1 and 2 will be managed separately to the hotel (likely out of the lobby of Tower 1). The pricing for the residential suites in Tower 2 is quite similar to Tower 1. The top level of Tower 2 is the presidential suite, occupying a full floor of top-class luxury.
Tower 3 has an even higher level of finishings than Tower 1 and 2, and is residential only. With no holiday short-term leasing in this building, occupants of all 108 apartments will live at Jewel long-term. One bedrooms apartments (facing away from the ocean again) start from $1,099,000, two-bedrooms facing the ocean from $2,493,000 and three bedrooms from $3,988,000. There are also a two four-bedrooms available in Tower 3. These all face the water and offer 3.5 bathrooms and three car parks, with floor plans of over 310m². These two are priced at around $9.3 million. There is also, of course, the penthouse. Offering the second-most luxurious penthouse currently for sale on the Gold Coast, the Jewel penthouse can be yours for a breezy $15 million.
Floor 34 is reserved for the exclusive use of the penthouse, with an internal area of 431m² and a 59m² balcony making Jewel one of the largest single-level suites available. The open terrace features a private pool and spa looking out over unobstructed views of the beaches and Pacific Ocean. A 24/7 concierge is available on the ground floor of the building, for the exclusive use of Tower 3 residents.
But remember that…
The onsite experience centre for Jewel is located at 34 Old Burleigh Road, Surfers Paradise. It’s open by appointment only which can be arranged via the enquiry form below.
Perched right between Old Burleigh Road and the sand, there’s nothing separating Jewel from the beachfront. This development is only 300m away from the Gold Coast Highway and only 500m away from the G Link Light Rail station at Florida Gardens. This means that regardless of whether you’re catching public transport or jumping in your car, you’re never too far away from anything on the Gold Coast. There are two shopping centres within 3km of Jewel, Oasis and Pacific Fair. With over 400 retailers including several high-end international brands, any shopaholic could easily get lost among the racks for hours on end at Pacific Fair. Miami Day Hospital and Pindara Private Hospital are also within 15 minutes drive for peace of mind.
Local schools include Broadbeach State School for the little ones and Merrimac State High School for those a little older. For those perusing further education, Bond University is a 15-minute drive away in Robina and Griffith University isn’t much further in Southport.
Across all three towers, Jewel promises some of the most spectacular and high-end facilities throughout the entirety of the Gold Coast. As well as the large, beachfront pool and podium which connects the buildings together at Level 2, each of the three buildings offer a range of facilities across the bottom three floors. In Tower 1, you’ll find a function room, hotel meeting rooms and a grand ballroom. The grand ballroom will have ceilings up to 10m tall, with an expansive wave-like chandelier across the whole ceiling. Suitable for up to 450 guests for a sit-down function, it’s expected this ballroom will become the most spectacular wedding venue on the Gold Coast. Above the ballroom will be the residential facilities, which feature a gym, sauna, steam room, resident cinema, lounge bar, pool and function room.
Tower 2 features both residents suites and the hotel. Level 1 will be the hotel lobby and lobby bar, as well as a few smaller retail spaces that are yet to be leased. Level 2 will feature the hotel facilities which will again include a heated swimming pool, gym, sauna and steam room.
In the residential-only tower, Level 1 features all-day dining options and a fine dining restaurant. Level 2 offers an indoor heated swimming pool, gym, sauna and steam room. The third level of Tower 3 will offer an exclusive Michelin-starred Chinese Restaurant, something that has never before been available on the Gold Coast.
There is 24/7 onsite management for Jewel as well.
The apartments at Jewel are quite sizable, with some one-bedroom apartments in Tower 1 as large as 152m². The smallest one-bedroom apartment is 76m² in total. Two bedroom apartments range between 120m² and 214m², with balconies up to 87m². The three-bedroom apartments on Levels 38–41 are sized between 244 and 298m², with only three apartments per floor. At most, there are six apartments per floor across all floor plates in Tower 1 and Tower 2. All apartments have quite sizable balconies, with most of the one bedrooms offering outdoor areas of 17m² or more.
Tower 1 apartments all offer a separate laundry and the majority feature two separate sliding doors to the balcony and a free-standing bath, which is rare for one-bedroom apartments especially. The two-bedroom apartments come standard with a double vanity in the bathrooms as well as a large walk-in wardrobe in the main bedroom. The kitchens of the two and three-bedroom apartments also feature a large breakfast bar.
In Tower 3, all apartments include a large free-standing bath, kitchen island and large separate laundry room at a minimum. You’ll also find built-in wardrobes and an ensuite for every bedroom, with the main ensuites all featuring a double vanity and double shower. Most of the additional showers are also double sized. The sizes of the apartments in Tower 3 are very large, as you would expect for a building designed to represent the ultimate in luxury. The one-bedroom apartments start at 93m², with the largest one bedroom being 133m². Two bedrooms range between 139m² and 165m² and three-bedroom apartments sit between 168m² and a whopping 207m². The few sub-penthouse four bedrooms that are available are sized between 311m² and 325², which is larger than some two-storey, free-standing family homes. The three and four bedrooms also feature large butlers pantries in the kitchens.
Something to note is that the balconies are all covered, with glass walls which can be partially opened encasing the entirety of the balconies. This means they can be utilised in any weather but also opened up to allow breezes to flow through.
Each of the towers in Jewel offers over a dozen floor plan options, with different bedroom, balcony and living configurations as a result of the changing shape of the building as it ascends. Each apartment is orientated to maximise ocean views if possible.
Below are 14 typical floor plans for Tower 1 and 10 typical floor plans for Tower 3. These represent a great subset of the floor plans available at Jewel. If you’re searching for the floor plan of a particular apartment, please enquire below.
Statement glass walls separate the bathroom from the bedroom in most of the apartments. This poses a little bit of a privacy issue, especially with some of the three bedrooms where the toilet is partially visible from the bedroom, with only glass doors separating the toilet from the bathroom. These statement glass walls do however make the ensuites incredibly light and inviting and allow you to have a stunning, spa-like bath with a view.
In all towers, the floor is engineered timer in the living spaces. All timber flooring is oak over plywood, with soundproofing elements and a UV coating. In the one and two-bedroom apartments of Tower 1, this becomes carpet, whereas the flooring remains engineered timber through the three-bedrooms as well as all Tower 3 apartments. Stone bench tops and splash backs finish off the kitchen with a beautiful marble design. The kitchens are all finished with Miele appliances, with the larger apartments and those in Tower 3 featuring 900mm gas cooktop, instead of the 600mm fitted in the rest of the apartments.
The ceiling height in Tower 1 is 2.7m in the living areas and 2.55m in all other parts of the apartments. Tower 3 has ceilings that are 20cm higher throughout.
It’s no surprise to hear that the purchase prices at Jewel are nearly double that of the average apartment price in Surfers Paradise. When compared to other new projects exclusively, the price still seems on the steep side with the average off-the-plan two-bedroom apartments selling for around $640,000 in Surfers at the moment. In terms of luxury residents though, Jewel is priced to expectation. These prices must be expected when considering the luxury finishes and the communal facilities across all three buildings. Instead of comparing Jewel to other Gold Coast project, it’s amost more fair to compare it to other ultra-luxurious projects in Sydney, in which case Jewel’s pricing stacks up very well indeed.
Tower 1 and Two are perfect for investors, with options lease your holiday-lets and have your investment property managed for you on-site with a 24/7 concierge.
In terms of growth in the area, the Surfers Paradise apartment market is sitting strong at around 5%, this coincides with the stabilisation of the Gold Coast market as a whole, as it sheds the “boom or bust” reputation.
There are currently a lot of luxury high-rise apartment buildings being developed in Surfers Paradise. Most notably (and comparable to Jewel) is Spirit. Also under construction in the area is Serenity and La Riviere, both on Canes Street near the Nerang River (about 500m back from the beach). Edge Monaco Street is also being developed in Surfers, as is the Chevron One apartments. The AU has also obtained developmental approval for a luxury apartment building on The Esplanade at Surfers.
The body corporate in Tower 1 is between $106 and $152 per week, and Tower 3 ranges between $150 and $230 per week.
The developers of Jewel are the Chinese Yuhu Group. At the commencement of the project, Jewel was in the hands of Wanda Ridong Group. The Chinese developers sold all Australian property assets at the start of 2018. All development teams were then absorbed into Yuhu Group. Since then, Yuhu Group has been continuing with the construction of Jewel alongside builders Multiplex.
In late September, several Multiplex workers walked off-site, with builders union CFMEU representing workers amidst claims Multiplex would be replaced as the builder for construction of the hotel tower. While it’s still not crystal clear what exactly transpired between Yuhu and Multiplex, you can read about what unfolded here.