Nakheel Properties, a distinguished member of Dubai Holding, has made a significant move in the real estate market by awarding a 810 million AED marine works contract to Jan De Nul Dredging for developments in Palm Jebel Ali. This project is rapidly advancing and is expected to substantially influence property prices in Dubai, particularly in coastal areas.
With mobilization activities already underway, Jan De Nul Dredging is anticipated to complete the entire scope of marine works at Palm Jebel Ali within just over two years. A crucial milestone is the expected readiness of the first eight branches of this project by the first quarter of 2025, paving the way for the commencement of infrastructure and civil works for villas.
Following the recent award of two major infrastructure contracts by Nakheel, work has also begun on constructing a new public access road, which will facilitate entry from Sheikh Zayed Road, in addition to improving the road and lighting from the mainland to Palm Jebel Ali.
Revealed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Palm Jebel Ali will offer a wide range of luxurious lifestyle amenities for residents, families, and visitors. This project, supported by Dubai’s D33 economic plan, also marks the beginning of a new growth corridor in the Jebel Ali area, emphasizing the expansion of the emirates.
Khaled Al Malik, CEO of Dubai Properties Holding, stated, “Our collaboration with Jan De Nul Dredging reflects our steadfast commitment to excellence and innovation. As Nakheel Properties under Dubai Holding enhances its development activities, Jan De Nul Dredging’s expertise in marine, construction, and environmental projects is crucial for accelerating progress in this transformative development. With the vision of the Dubai 2040 Urban Master Plan, Palm Jebel Ali is poised to become a global destination offering residents the opportunity to experience a luxurious coastal lifestyle with access to extensive beaches and pristine waters, setting new standards in quality living and sustainability.”
Last year, Palm Jebel Ali launched over 700 units of its Phase 1 villas, featuring eight unique styles that blend indoor and outdoor living in a tranquil beachside setting. Progress in infrastructure and marine works directly supports the delivery of these homes, planned for completion by the end of 2026, advancing Palm Jebel Ali’s vision as a premier residential and leisure destination. Ultimately, the island will span 13.4 kilometers, featuring 16 fronds and 91 kilometers of beachfront, aligning with the Dubai 2040 Urban Master Plan’s goal of expanding public beach access.
Nakheel’s company projects form an iconic collection of premier communities and residential developments that are critical to the realization of Dubai’s vision.
The awarding of the 810 million AED contract for marine works at Palm Jebel Ali marks a significant step in the development of this massive project. With recent advancements, Palm Jebel Ali is expected to emerge as one of Dubai’s new landmarks and a popular destination for tourism and residential living.
Source: https://www.emirates247.com
