New Beachfront Homes Revealed Following The June Announcement Of A Revised Master Plan For The Mega Development
Nakheel, the renowned developer responsible for The Palm Jumeirah in Dubai, has introduced the inaugural waterfront villa project on Palm Jebel Ali, responding to strong demand for luxury residences in the emirate.
This project spans four island fronds, offering two villa types: coral and beach villas, each with eight distinctive styles, as company announced Monday. These villas take their design inspiration from the natural world. That will showcase expansive floor-to-ceiling windows providing stunning vistas of private beaches.
The development seeks to foster an active, pedestrian-friendly environment. It includes wide walkable streets, pocketed parks, and easy beach access for pedestrians and cyclists. However, specific project timelines and pricing details have not yet been disclosed.
This project launch follows Sheikh Mohammed bin Rashid’s unveiling of a revised master plan for Palm Jebel Ali in June. Rasha Hasan, Chief Commercial Officer of Nakheel, expressed excitement about introducing Palm Jebel Ali Villas to the market. She emphasized its transformative role and new global standards for waterfront living.
Collaborating with several international and regional architectural firms, Nakheel ensures the villa project’s excellence. Dubai real estate has rebounded vigorously from the COVID-19-induced slowdown, boosted by government initiatives like residency permits for retirees and remote workers.
In May, Knight Frank projected that Dubai’s luxury residential market would witness the highest growth rate among prime markets globally. Reaching 13.5% in 2023, driven by supply-demand dynamics and positive economic growth. The emirate reported luxury home sales of Dh6 billion ($1.63 billion) in the first quarter of 2023, with affluent buyers acquiring 88 units valued at over $10 million.
Upon completion, Palm Jebel Ali will surpass Palm Jumeirah in size, featuring seven islands and 16 fronds, thus adding approximately 110 kilometers to Dubai’s coastline. This mega-development is poised to offer beachside residences, green spaces, and a host of amenities to 35,000 families, along with 80 hotels and resorts.
Furthermore, this project marks the commencement of a new growth corridor in the Jebel Ali region, aligning with Dubai’s 2040 Urban Master Plan and the Dubai Economic Agenda D33, indicating the emirate’s continued expansion.”