Sheikh Mohammed announces Dubai Palm Jebel Ali masterplan with 80 new hotels, 110km of coastline
State Owned Developer
Dubai state-owned developer Nakheel has confirmed it is launching the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate.
Bigger than Palm Jumeirah
Palm Jebel Ali is one and half times the size of the popular Palm Jumeirah, which itself has enjoyed strong demand from wealthy buyers.
More About Palm Jebel Ali
Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai.
The relaunch of Palm Jebel Ali comes at a time when Dubai's real estate sector has enjoyed a record surge in sales.
Online platform Property Finder reported that the Dubai property market in August recorded 9,720 total sales worth AED 24.3bn ($6.62bn), the highest performing month in terms of sales transactions volume and value in 12 years.
The figures showed volume growth of around 69.6 percent year-on-year, while the value of sales grew 63.6 percent year-on-year.
Palm Jebel Ali is one and half times the size of the popular Palm Jumeirah, which itself has enjoyed strong demand from wealthy buyers.
The relaunch of Palm Jebel Ali comes at a time when Dubai's real estate sector has enjoyed a record surge in sales.
Online platform Property Finder reported that the Dubai property market in August recorded 9,720 total sales worth AED 24.3bn ($6.62bn), the highest performing month in terms of sales transactions volume and value in 12 years.
The figures showed volume growth of around 69.6 percent year-on-year, while the value of sales grew 63.6 percent year-on-year.
Palm Jebel Ali is one and half times the size of the popular Palm Jumeirah, which itself has enjoyed strong demand from wealthy buyers.
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