Palm Jebel Ali – new launch in Dubai

Nakheel Properties presents the new residential project Palm Jebel Ali with favourable terms of purchase and return on investment.

After years on hold, Palm Jebel Ali is finally being revived, according to a decision by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The luxury development will comprise 7 islands with a total area of 13.4 sq. km. Its size will be twice as large as the coveted Palm Jumeirah.

According to Dubai Media Office, Palm Jebel Ali will house over 80 hotels and resorts, which will ensure ultimate resort-like experiences. Upon its completion, the project will have a capacity to accommodate 35,000 families. There will also be a wide array of entertainment and leisure facilities, which will boost the emirate’s tourism sector.

Palm Jebel Ali comes as part of the Dubai 2040 Urban Master Plan, which aims to make Dubai the globe’s best city to live, work and visit. That said, the archipelago will support Dubai’s vision to deliver the highest standards of urban infrastructure and amenities, increase beachfront locations and bolster sustainable development.

The developer of Palm Jebel Ali is Nakheel Properties , who is famous for the iconic Palm Jumeirah. The palm-shaped island is the emirate’s most popular neighborhood to acquire luxury properties and Palm Jebel Ali is highly likely to have the same success. This is due to the ongoing lack of luxury waterfront homes on the local market, which appeal to HNWIs.