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HomeBusinessNakeel Awards AED 5 Billion in Construction Contracts

Nakeel Awards AED 5 Billion in Construction Contracts

Nakeel, a subsidiary of Dubai Holding Real Estate, awards three major contracts to the value of AED 5 billion for the construction of luxury villas on the first six fronds of Palm Jebel Ali Dubai.

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Nakeel, a subsidiary of Dubai Holding Real Estate, awards three major contracts to the value of AED 5 billion for the construction of luxury villas on the first six fronds of Palm Jebel Ali Dubai.

Scheduled for completion by late 2026, the contracts, awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC), mark a significant milestone in the ongoing development of Palm Jebeli Ali.

According to Dubai Holding Real Estate CEO Khalid Al Malik, the scope of works includes the construction of 723 Beach Collection and Coral Collection villas with exclusive beach frontage across six fronds.

“[This development] offers world-class infrastructure and vibrant public spaces within the respective fronds on Palm Jebel Ali. It will set a new standard for waterfront living, and residents can look forward to a diverse selection,” says Al Malik.

According to Al Malik, the project offers five and six bedroom Beach Collection villas, numbering 539 in total, and 184 Coral Collection villas boasting seven bedrooms, each crafted with a choice of eight distinct architectural styles for the Beach Collection villas and eight styles for the Coral Collection villas.

Al Malik claims that the villas will feature expansive built-up areas ranging from 8,000 to 15,000 square feet.

“The construction of the waterfront residences will be complemented by the simultaneous development of a network of roads, seamlessly integrated utilities and verdant landscaping, all designed to elevate the community living experience for residents, families and visitors,” says Al Malik.

Al Malik says that Palm Jebel Ali represents the pinnacle of waterfront living and reflects Dubai’s vision of growth and prosperity.

“It is set to contribute significantly to the emirate’s economic development, attracting investment and tourism for years to come. Partnering with Ginco General Contracting, Shapoorji Pallonji Mideast and UNEC on the prestigious Palm Jebel Ali project reflects our commitment to developing and delivering the highest standard of living experiences available in the market,” says Al Malik.

Palm Jebel Ali’s seven islands span 13.4 kilometres, feature 16 fronds and over 90 kilometres of beachfront, which aligns with the Dubai 2040 Urban Master Plan’s goal of expanding public beach access.

According to Dubai’s 2040 Urban Master Plan, new developments need to have a more wholistic approach by offering residents more green spaces, encouraging walking and cycling, and providing ample recreational areas.

The Plan also aims to dedicate 60% of Dubai’s land to nature reserves and rural areas while expanding public beach access by 400%, balancing urban growth with environmental sustainability.

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