Their shared Semitic root makes Jubilee a related name.Jubilation [along with jubilate/jubilant] sounds similar, but comes from the Late Latin |iubilare|, ultimately from the Proto-Indo-European |*yu-| ("shout for joy").
This site's translation isn't entirely accurate, but it's on the right track. It gives the supposed translation of Jabal, rather than Jubal. Given the practically identical names given to these boys, I wouldn't be surprised if they were twins. Both names come from a root word that means "to conduct or bear along." Jubal is the first musician. He conducted music. Jabal is the "father of those who dwell in tents and have livestock." In other words, he was the first nomadic herder of animals--conducting and "bearing" them along from pasture to pasture. Two different applications of the same name. The word Jubal (yobel in Hebrew) is also the root of the words jubilee, jubilant, and jubilation. It literally means "ram's horn," and comes from the same root word as Jubal and Jabal. Jube can be used as a diminutive of Jubal.
Jubilation [along with jubilate/jubilant] sounds similar, but comes from the Late Latin |iubilare|, ultimately from the Proto-Indo-European |*yu-| ("shout for joy").