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The Palm Jebel Ali project is set to witness remarkable progress in 2024. Nakheel, a prominent subsidiary of Dubai Holding Real Estate, has made substantial advancements in this ambitious waterfront development. With milestones strategically planned for 2025, the project has garnered immense interest, especially following the sell-out of the initial phase of villas and plots introduced in late 2023.
This rapid sell-out reflects the growing demand for premium waterfront properties, a niche where Nakheel has consistently excelled. Spanning seven islands with over 90 kilometers of coastline, Palm Jebel Ali is a vital addition to Dubai’s urban landscape, aligning seamlessly with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33.
The construction of a 6-kilometer roadway to the central hub of Palm Jebel Ali began in May 2024, led by DBB Contracting LLC. By October, Nakheel awarded over AED 5 billion in contracts to develop ultra-luxury villas across six fronds, solidifying the project’s reputation as a hallmark of modern urban development. Additional investments, including AED 810 million for dredging and land reclamation and AED 270 million for two DEWA substations, emphasize Nakheel’s commitment to making Palm Jebel Ali an iconic waterfront destination.
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