Nakheel, a member of Dubai Holding’s pioneering real estate arm Dubai Holding Real Estate, said that the development of Palm Jebel Ali is moving ahead according to schedule.
The pace of the development of Palm Jebel Ali has accelerated further during Q3 and Q4 of 2024, with significant contracts awarded to renowned regional and international construction specialists.
In August 2024, Nakheel awarded an AED 810 million (over $220 million) contract for the marine works on Palm Jebel Ali to Jan De Nul Dredging LTD.
According to the latest project update, the dredging and land reclamation operations, beach profiling and sand placement are already underway , directly supporting the construction of villas across all fronds.
The first eight fronds of the project are expected to be site-ready by the first quarter of 2025, allowing for the commencement of villa infrastructure and civil works.
Also, three major contracts were awarded in October, collectively valued at more than AED 5 billion, for the construction of exclusive ultra-luxury villas on the first six fronds of Palm Jebel Ali, scheduled for completion by late 2026.
Nakheel said that Palm Jebel Ali’s seven islands span 13.4 kilometers, feature 16 fronds and over 90 kilometers of beachfront, and it marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate, in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33.