PALM JEBEL ALI – NEW LAUNCH IN DUBAI

Nakheel Properties, the developer of the iconic Palm Jumeirah, is going to add yet another ambitious project to Dubai's landscape — Palm Jebel Ali. According to HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, this is the grandest launch in the past 10 years, since Palm Jebel Ali will be the largest island in Dubai.

You have the opportunity to acquire one of the first limited-edition villas on the island. The exquisitely designed properties are spread across 4 fronds and come in 2 collections: The Beach Collection and The Coral Collection. Both of these have 8 distinctive styles, enabling you to customise your dream home. There are villa plots on offer as well.

As of September 2023, the initial cost for a super-luxury waterfront villa on Palm Jebel Ali stands at AED 18M (USD 4.9M). You are provided with an 80/20 payment plan, where the booking fee amounts to 20%. During the construction period, 60% is to be paid, and the remaining 20% is to be paid upon completion of the project in 2027.

The palatial properties will have everything you might need and more for an uber-comfortable living environment. Within your villa, you will be able to enjoy a private swimming pool, a rooftop lounge, and an office. Furthermore, the residences will be complemented with rooms for a maid and a driver.

According to Dubai Media Office, Palm Jebel Ali will house over 80 hotels and resorts, which will ensure ultimate resort-like experiences. Upon completion, the project will have the 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 property and bolster sustainable development.

The new addition is set to compete with the popularity of Palm Jumeirah. The palm-shaped island is the emirate's most popular neighbourhood 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 and UHNWIs.