Nakheel, the visionary developer behind Dubai’s iconic Palm Jumeirah, has unveiled its latest masterpiece – the first ever waterfront villa development on Palm Jebel Ali. This grand unveiling comes amid rising demand for opulent homes in the emirate.
The project, which spans four sides of this magnificent island, will offer two different types of villas: the elegant Coral Villas and the luxurious Beach Villas, each available in eight unique styles. Nakheel promises that these villas will be a harmonious blend of architectural elegance and the splendor of nature, with floor-to-ceiling windows offering breathtaking views of the private beaches.
One of the most enticing features of this project is the emphasis on an active lifestyle. Wide, walkable streets meander through the settlement and provide easy access to the beach through charming parks, making the settlement an idyllic paradise for pedestrians and cyclists.
The launch of this project follows the release of a brand new master plan for Palm Jebel Ali by none other than Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in June.
“We are thrilled to launch Palm Jebel Ali at this exciting time as the island is poised to redefine waterfront living on a global scale and shape the future of the city,” said Rasha Hasan, Chief Commercial Officer of Nakheel.
This visionary villa project has drawn on the expertise of several prestigious international and regional architectural firms, underlining Dubai’s resurgence in the real estate market. Government initiatives, including residency permits for retirees and remote workers, have played a crucial role in rejuvenating Dubai’s real estate sector following the challenges posed by the COVID-19 pandemic.
Knight Frank predicts that Dubai’s luxury residential market will achieve an impressive growth rate of 13.5% in 2023, outperforming all top markets worldwide. In the first quarter of 2023, luxury residential sales in Dubai rose to Dh6 billion ($1.63 billion), with discerning buyers acquiring 88 units worth over $10 million each.
Once completed, Palm Jebel Ali will dwarf the splendor of Palm Jumeirah and be twice the size. It will consist of seven islands and 16 fronds and extend Dubai’s coastline by around 110 kilometers. This extraordinary project will accommodate 35,000 families with beachfront residences, lush green spaces and an array of world-class amenities, as well as 80 hotels and resorts.
In addition, this project marks the beginning of a new growth corridor in the Jebel Ali area, reinforcing Dubai’s expansion plans in line with the Dubai 2040 Urban Masterplan and Dubai Economic Agenda D33, as confirmed by Nakheel.
Source: www.thenational.ae
