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 in full swing, Jan De Nul Dredging should therefore be in a position to complete the entire scope of the marine works at Palm Jebel Ali within somewhat more than two years. One of the key milestones shall be the readiness of the first eight branches of this project by the first quarter of 2025, which will then open up for the start of infrastructure and civil works for villas.
Construction also started on a new road to allow more direct access to Palm Jebel Ali from Sheikh Zayed Road and improvements have been made to the road and lighting between the mainland and the island. Palm Jebel Ali will be released by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, which provides a comprehensive range of luxury living needs for residents and families. The project also signals the opening up of another corridor for growth in Jebel Ali which falls under the emirate’s D33 economic plan.
Khaled Al Malik, CEO Dubai Properties Holding said: “Our strategic partnership with Jan De Nul Dredging underlines our dedication to providing the very best in cutting-edge development.” This input will be important for Nakheel Properties under Dubai Holding to increase its development work and Jan De Nul Dredging’s specialist approach to marine, structure, and environmental functions is critical in helping quicken efforts centered about this blueprint expansion. With the launch of the Dubai 2040 Urban Master Plan, we believe in a transformation that will bring Palm Jebel Ali into its own as an iconic global destination where residents can enjoy a premium coastal lifestyle with vast beaches and crystal-clear waters, establishing new benchmarks in living quality and sustainable development.”
Palm Jebel Ali last year introduced more than 700 of its Phase 1 villas, offering eight individual designs which incorporate indoor and outdoor living with the serenity of a beachside environment. As the construction on some of the homes gets completed by the end of 2026, Palm Jebel Ali’s transformation into a leading residential and leisure hub will accelerate, driven through community-minded infrastructure and marine works. In total, the island will measure 13.4 kilometers in length, with 16 fronds and 91 km of beachfront — helping to fulfill another one of the Dubai 2040 Urban Master Plan’s objectives to increase public access to beaches across the city.
Nakheel’s company projects form an iconic collection of premier communities and residential developments that are critical to the realization of Dubai’s vision.
Award of the 810 million AED contract for marine works at Palm Jebel Ali is key mile-stone in the construction progress of one of Otis largest projects. With the latest developments the new Palm Jebel Ali is now slated to be another Dubai landmark and place for tourist attraction in addition to a residential development.
Source: https://www.emirates247.com
