Staff Report
Dubai, UAE
Palm Jebel Ali, the stalled island project that is part of the three planned man-made palm-shaped islands project, is set to accelerate the growth of Dubai’s Dh528 billion (US$144 billion) real estate sector with the release of a villa cluster, after being stalled for a decade and a half. The anthropogenic island, which is expected to be nearly two times the size of its successful predecessor, Palm Jumeirah, will resume construction following the global recession of 2008.
Nakheel, the Dubai-based master real estate developer, announced the release of the first set of villas on the four fronds of Palm Jebel Ali, namely Coral and Beach villas, available in eight different styles. In total, the developer plans to build 7,700 homes. Spanning across an area of 13.4 square kilometres with 91 kilometres of beachfront when completed, Palm Jebel Ali will feature seven islands and 16 fronds, with three access points to the island. The waterfront project will be conveniently located from other destinations of Dubai and Abu Dhabi via Sheikh Zayed Road (E11).
The new futuristic master plan was unveiled by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai in June, earlier this year.
Palm Jebel Ali will cater to wealthy investors seeking to secure an investment on luxury beachfront residences. The villas are designed to mirror the beach ambience. They will feature floor to ceiling windows, providing a panoramic view of the private beaches, as well as soft and neutral palette and luxury finishes for a soothing living experience. Therefore, it is likely that the mega-project will play an important role to bridge the gap between soaring demand and supply shortage of high-end properties. Consequently, it will propel Dubai’s soaring real estate sector.
Like Palm Jumeirah, the island will also host a wide range of facilities with over 80 hotels and resorts as well as retail and dining options to boost tourism. The Palm’s four fronds will be designed with wide walk-able streets, allowing for pedestrians and cyclists to access the beach through pocketed parks. The frond streetscape will have an emphasis on greenery and comfort with ample shading from trees.
Rasha Hasan, Chief Commercial Officer of Nakheel, said: “As pioneers of waterfront living, Nakheel is synonymous with Dubai’s incredible journey of growth and urban infrastructure development. We are delighted to bring Palm Jebel Ali to market at this exciting time, with the island playing a transformative role in shaping the city’s future, raising the global benchmark on waterfront living and underlining its position as a world-class lifestyle destination.”
Palm Jebel Ali is a people-centric development, with every aspect designed to provide citizens, residents and visitors of Dubai with a sustainable, high quality of life. The island will offer enhanced waterfront living, extensive green spaces and people-oriented mobility, while utilising smart city technology to streamline transportation management.
The release of Palm Jebel Ali also marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate, in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. Palm Jebel Ali will support the emirate’s vision to deliver the highest standards of urban infrastructure, increase beach destinations as well as support sustainable development and facilitate the expansion of the population, while driving economic growth.
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