Dubai, one of the most impressive cities globally, is renowned for its unique projects, and Palm Jebel Ali stands out as one of the largest artificial islands with grand prospects. The new palm-shaped island aspires to replicate the success of Palm Jumeirah, which has become an integral part of the city’s landscape. Let’s delve into the details of this exciting project.
Dubai is celebrated for its ambitious projects, and the new Palm is no exception. The man-made island of Palm Jumeirah attracts attention from around the world, and the property market here is thriving. In 2022, transactions totaling $6.9 billion were concluded on this island alone, marking a 40% increase from the previous year.
The new Palm Jebel Ali is twice as large as its predecessor, Palm Jumeirah, covering an area of 13.4 thousand square kilometers (in comparison, Palm Jumeirah is 5.6 thousand square kilometers). This artificial island will add 110 kilometers to Dubai’s coastline, significantly expanding the coastal area.
Real estate by the sea has always been in high demand, and the coastal location of the new Palm attracts the attention of wealthy individuals worldwide. However, despite all its advantages, this facility is not a quick source of income, as its completion is planned for no earlier than 10 years.
Dubai’s mission was to develop tourism, but the lack of coastline posed a problem. It was to solve this problem that the Palm Islands project was born, including the archipelagos The World and The Universe, as well as the islands of Jebel Ali, Deira, and Jumeirah.
Since 2018, the project has been frozen due to the global economic crisis. Economic challenges led to the decision to temporarily halt construction, awaiting more favorable conditions to sell plots at higher prices.
In 2020, Nakheel, the company responsible for the project, attempted to resume construction of Palm Jebel Ali, but the 2020 pandemic thwarted these plans. Now, after many years, the project has been revived, and sales of villas on the island have commenced.
More than 10 million tons of rock were moved from the quarries of Ras al Khaimah to create the barrier!
Palm Jebel Ali is being developed and constructed by Nakheel, one of the world’s leading real estate developers. Nakheel already boasts successful projects in Palm Jumeirah, including The Palm Beach Towers.
Nakheel Properties specializes not only in individual projects but also in creating entire communities with complete amenities such as schools, kindergartens, hospitals, and entertainment venues.
While there is little information about the development yet, Palm Jebel Ali promises to be a paradise resort and an ideal place to live. Entertainment areas, over 80 hotels, and resort areas, as well as residential facilities for 35 thousand families, are planned here. In total, the island will have 110 km of new coastline.
On the island of Palm Jebel Ali, villas and plots are already available for booking. This provides an opportunity to be among the first owners of real estate that is valuable on a global scale. Various options are available, including beach villas and custom villa plots.