Nakheel’s AED 810 Million Marine Works Contract to Transform Palm Jebel Ali
Nakheel, Dubai’s premier real estate developer has boosted its Palm Jebel Ali project to a new level by awarding nearly AED 810 million for marines work. This contract given to Jan De Nul Dredging LTD which is a subsidiary of the famous international company Jan De Nul Group will involve components as dredging, land reclamation, beach profiling and sand placing. Such marine activities help in providing necessary supports needed for constructing these luxurious villas in all fronds of Palm Jebel Ali.
Key Aspects of Palm Jebel Ali Marine Works
Project Timelines and Vision
Since signature, the project is under construction and therefore Nakheel anticipates the first eight fronds for the site preparation by early 2025 for villa structure and other civil utilities. The whole marine scope is expected to take two years, this is in line with Nakheel strategic development plan of transforming Palm Jebel Ali into a residents’ and tourist’s paradise. The undertaking is in line with Dubai Economic Agenda D33 on for new growth frontier at Jebel Ali and in tandem with the Dubai 2040 Urban Master Plan.
Palm Jebel Ali Development Milestones
Impact on Dubai’s Real Estate and Lifestyle
Palm Jebel Ali is expected to provide a comfortable lifestyle, and 90% of the development is on the seashores, and lifestyle comforts. When fully developed the island will cover an area of 13. 4 kilometers with 16 fronds expanding the coast line of Dubai drastically. The deal with Nakheel once again defines this establishment’s approach to quality and breakthrough in light headed with Dubai’s vision of realizing luxury arrival and setting new standards with waterfront living.
Palm Jebel Ali is about luxury and sustainability and community development and is in line with the goal of Dubai to include more beachfronts for the public and to offer the world’s best living standards. The mentioned initiative is believed to bring about a radical change in the structure of the Dubai real estate market and may as well boost the city’s competitiveness as a city for living and tourism.