Nakheel's Palm Jebel Ali project is reaching new heights, with the first phase of villas and plots launched in late 2023 selling out at record speed! This rapid sale underlines the huge demand for premium waterfront properties.
Spread across seven islands with 16 frontages and over 90km of pristine coastline, Palm Jebel Ali is set to transform Dubai's Jebel Ali area into a vibrant new growth corridor.
The construction of Palm Jebel Ali is progressing well, with significant contractor awards announced for key development phases. Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction Company (UNEC) have been awarded the first phase of villa construction, infrastructure, and public area projects. DBB Contracting LLC has been tasked with building public access roads, while Khansaheb Civil Engineering LLC will handle road and lighting improvements.
Nakheel Properties, the renowned master developer behind the iconic Palm Jumeirah, is leading the Palm Jebel Ali project. Speaking about the ambitious development, Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, shared his vision: “We have grand ambitions, and we are confident in our ability to bring this magnificent project to life. Palm Jebel Ali will play a key role in Dubai's infrastructure growth, solidifying the emirate’s position as a global city.” He Highligt that this innovative development aligns with Dubai's strategic goals to elevate the quality of life and boost happiness for its residents
Palm Jebel Ali is a top investment choice for both local and international buyers, set to become a landmark destination in Dubai. This luxury island is expected to attract tourists seeking resort-style vacations and exclusive coastal living.
Investing in Palm Jebel Ali offers promising returns. Property owners can resell their units at higher prices even during construction or rent them out after completion. As of Q4 2024, villa prices start at AED 18.1M (USD 4.9M), and buyers are eligible for a 10-year Golden Visa for themselves, their family, and staff.
In October, contracts exceeding AED 5 billion were awarded for developing ultra-luxury villas on Palm Jebel Ali’s first six fronds. These prestigious projects aim to bring a new level of luxury to the island, with completion targeted for the end of 2026.These exclusive projects are set to be completed by the end of 2026.
The developer has introduced two exclusive luxury communities: The Beach Villas Collection and The Coral Collection.
The Beach Villas Collection offers spacious 5-6 bedroom villas in 10 distinct styles, with sizes ranging from 7,316 to 8,434 sq. ft.
The Coral Collection presents luxurious 7-bedroom villas, available in unique designs like Hibiscus, Coral Living, Red Aurora, Porcelain Roses, Cranberry Sky, Terracotta, Redwood, and Ruby Sunset. These impressive homes range from 11,222 to 12,165 sq. ft., offering ample space and style for refined living.
Khalid Khalid Al Malik, CEO of Dubai Holding Real Estate, shared his excitement about the latest phase of Palm Jebel Ali villas, stating, “This release marks a key milestone in bringing one of Dubai’s most iconic projects to life. incredible demand for our first phase, with all villas selling out in record time, highlights the unique appeal of this iconic destination. We’re thrilled to introduce The Beach Collection, showcasing our dedication to creating world-class destinations that offer an unmatched lifestyle and set new global standards in luxury and design
Canadian architect Michael R. Henderson plans to create a stunning 899-foot replica of the Moon on top of a 98-foot building at Palm Jebel Ali. The exclusive MOON project, valued at AED 18B (USD 5B), will feature a 4,000-room hotel, a 10,000-person arena, and a “lunar colony.”
The development will include a 6-star boutique hotel, a Private Member’s Club, a spa, a nightclub, and a “lunar shuttle.” It will also offer luxury living with 500 apartments and 300 Sky Villas.
According to Henderson, MOON is set to become the largest and most successful tourism project in the MENA region, with the potential to double Dubai’s visitor numbers, accommodating up to 10 million guests annually.
Dubai continues to see strong demand for premium beachfront properties, driven by wealthy individuals choosing the emirate as their second home. Palm Jebel Ali is poised to outshine the renowned Palm Jumeirah, attracting even more investors. Currently, luxury villas on Palm Jumeirah average AED 6K (USD 1.6K) per sq. ft., more than double the price of similar properties on Palm Jebel Ali, which stand at AED 2.5K (USD 680) per sq. ft.
Property values on Palm Jebel Ali are expected to rise significantly, making it a profitable investment. Buyers can resell properties even before construction is completed. Once finished, Palm Jebel Ali will become one of Dubai’s most sought-after destinations. Early investors have already seen returns of up to 100%.
The development of Palm Jebel Ali will also have a positive impact on both the tourism sector and job market. unique attractions like the MOON project, the island is expected to see strong demand for short-term rentals, further boosting its appeal.
What stands out about Nakheel’s approach is the level of detail and quality they bring to this project. From luxury villas and apartments to top-tier hotels, shopping centers, and lush parks, every aspect has been carefully planned to create a true lifestyle destination. Residents and investors can look forward to a vibrant community with white sandy beaches, a premium marina, and beautiful public spaces, perfect for both family living and leisure.
Nakheel has a strong reputation for delivering iconic projects, and Palm Jebel Ali is no exception. With its focus on sustainability, luxury, and modern design, this development is set to become one of Dubai’s most sought-after addresses. The project will not only enhance Dubai’s skyline but also attract global attention, promising a sound investment opportunity with high future value.
