In a remarkable display of enthusiasm for high-end Dubai real estate, potential house hunters lined up eagerly as early as 3am on Wednesday morning. Their goal? Be among the first to buy property on the magnificent Palm Jebel Ali, a man-made island located 20 kilometers south of the iconic Palm Jumeirah.
The excitement surrounding this seaside villa project had reached its peak earlier in the week, fueled by a growing demand for opulent housing in the city. Developer Nakheel unveiled its ambitious plan to the public, triggering a buying frenzy that shook the real estate market.
The Palm Jebel Ali project, which will encompass four arms of the island, offers an attractive range of accommodation options, with two distinct villa categories: coral villas and beachfront villas.
According to real estate agents, the first lot of properties in this development should be delivered in 2027. “People were lining up as early as 3am,” said Matthew Solomon, sales team manager at Haus & Haus, a leading Dubai real estate agency. “Demand for these high-end properties continues to grow. The fact that a launch can generate such excitement underscores the continuing high demand.”
On Wednesday, a range of villas, some extending up to 8,000 square feet, found new owners at an average price of around 20 million dirhams ($5.4 million), according to Solomon. The list of acquisitions also included impressive 12,000-square-foot villas selling for between 30 and 35 million dirhams, as well as plots of land selling for between 25 and 30 million dirhams.
These properties are particularly attractive to those with a taste for contemporary luxury. “A lot of people are buying these villas on Palm Jumeirah and renovating them to give them a more contemporary feel,” observed Mr. Solomon. “The master plan for Palm Jebel Ali promises a modern lifestyle in the style of Beverly Hills. Traditional-style villas are now history.”
The long-awaited project, unveiled this week, follows the publication of a new master plan for the development of Palm Jebel Ali by His Highness Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, last June.
“We are delighted to be offering Palm Jebel Ali for sale at this exciting time, with the island playing a transformative role in shaping the city’s future, raising the global standard for beachfront living,” said Rasha Hasan, Nakheel’s commercial director.
Nakheel’s vision for the island focuses on enhanced seaside living, expanded green spaces and people-centric mobility, all streamlined by smart city technology. The company’s ambitious project includes the construction of over 80 hotels and resorts on the island, as well as several unique retail and dining experiences.
In a city renowned for innovation and luxury, Palm Jebel Ali is set to become an iconic symbol of modern living and a testament to Dubai’s unwavering commitment to growth and progress.
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