Tag: Dubai Holding Real Estate

  • Palm Jebel Ali Villas Set for First Handovers in 2026

    Palm Jebel Ali Villas Set for First Handovers in 2026

    Construction activity is progressing steadily across Palm Jebel Ali’s residential communities, with the island’s first villa handovers on track to begin before the end of 2026, according to Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate.

    “Today, there is real momentum on the ground across infrastructure, utilities, access roads, and the first residential communities, laying the foundations for what will become one of Dubai’s most significant waterfront destinations,” Al Malik told Gulf News in an exclusive interview on June 16, 2026.

    Dh8.5 Billion in Construction Contracts

    Nakheel awarded Dh5 billion in contracts in 2024 to Ginco General Contracting, Shapoorji Pallonji Mideast and UNEC for the construction of 723 Beach and Coral Collection villas across Fronds K to P, along with supporting infrastructure and public spaces. In April 2026, the developer awarded additional contracts worth more than Dh3.5 billion for villas across Fronds A to F.

    “These milestones reflect a clear commitment to delivering Palm Jebel Ali with the scale, quality and infrastructure readiness expected of a destination of this significance,” Al Malik said.

    Phased Delivery Strategy

    The island will not open on a single handover date, with Palm Jebel Ali set to come to life in phases as construction advances across different sections. Al Malik confirmed that the project’s immediate priority is the first residential phases and the infrastructure required to support them.

    “The priority is not simply speed. It is quality, infrastructure readiness, customer experience and long-term value. Palm Jebel Ali is being developed as a destination that will serve Dubai for generations.”

    Future milestones will be announced once each phase is approved and reaches the appropriate stage of readiness, he added.

    Master-Planned Destination

    Palm Jebel Ali is being developed as a comprehensive waterfront destination combining residential, hospitality, leisure, wellness, and community infrastructure. More than 80 hotels and resorts are expected to form part of the wider masterplan, alongside beach clubs, dining venues, civic infrastructure, and public spaces.

    The masterplan already includes Palm Central Private Residences and the Palm Jebel Ali Friday Mosque, designed by Skidmore, Owings & Merrill, which will serve as a cultural and architectural landmark for the island.

    International architectural firms including NAGA, LOCI, WATG, LW Design, SAOTA and Whitespace have been engaged to design the Beach and Coral Collection villas, with each collection centered around space, light, privacy, waterfront views and coastal environment integration.

    Strategic Location Advantage

    Al Malik emphasized that Palm Jebel Ali’s position is strengthened by its connection to Dubai’s future growth corridor, including Expo City Dubai and Al Maktoum International Airport.

    “It offers waterfront living on a scale difficult to find elsewhere in the region, while remaining connected to Dubai’s future growth corridor,” he stated.

    Strong Buyer Demand

    Buyer appetite for Palm Jebel Ali’s residential releases has been robust, particularly among those seeking waterfront homes with privacy, scale and long-term value. The project is attracting buyers who view Dubai as a base for family life, wealth preservation and long-term investment.

    “What makes the proposition compelling is its rarity,” Al Malik explained. “Palm Jebel Ali offers new coastal supply at a scale that is extremely difficult to replicate, within one of Dubai’s most important future growth corridors.”

    The demand reflects a wider shift in Dubai’s property market, where buyers are increasingly seeking larger homes, wellness-led communities, access to nature and master-planned destinations.

    According to Al Malik, three elements will define Palm Jebel Ali’s next phase: delivery momentum with major infrastructure advancing, the scale and quality of the integrated waterfront community, and the island’s character shaped by integrated mobility, walkable neighborhoods, and community-led planning.

    “Over time, people should expect to see more detail around hospitality, public realm, mobility, landscape, art and community amenities,” Al Malik said. “These are the elements that will define Palm Jebel Ali as a destination with its own rhythm, community and identity, one that people will feel proud to call home.”

  • Meraas Awards Dh2.4 Billion Contracts for 557 Dubailand Villas

    Dubai Holding Real Estate’s flagship developer Meraas has committed Dh2.4 billion to expand its villa communities in Dubailand, awarding major construction contracts as demand for spacious homes maintains momentum across the emirate.

    The contracts, split between United Engineering Construction (UNEC) and GCC Contracting, will deliver a combined 557 villas ranging from three to seven bedrooms across The Acres and The Acres Estates developments.

    UNEC will construct 371 villas at The Acres, featuring three- to five-bedroom homes alongside community infrastructure including roads, utilities and shared amenities. GCC Contracting will handle The Acres Estates, positioned as the more exclusive offering with 186 larger homes spanning five to seven bedrooms.

    “This award reflects both the strength of demand for premium villa communities in Dubai and our continued investment in meeting that demand with quality and distinction,” said Khalid Al Malik, CEO of Dubai Holding Real Estate.

    The developments are designed around nature-focused living, with The Acres centered on Halo Loop Park—a landscaped green space serving as the community anchor. The Acres Estates elevates the concept with larger plots, exclusive architectural designs, and premium features including landscaped waterfront areas and swimmable lagoons.

    “We are focused on efficient execution and maintaining the highest construction standards throughout the project lifecycle,” said Eng. Abdul Halim Muwahid, Chairman of UNEC. Bipin Chandran, CEO of GCC Contracting, described The Acres Estates as “a high-specification residential development” requiring “precision and technical expertise.”

    Located in Dubailand with connectivity through Sheikh Zayed bin Hamdan Al Nahyan Street and Emirates Road, the communities offer proximity to Global Village, Dubai Polo and Equestrian Club, and Hamdan Sports Complex—factors developers say enhance long-term appeal for residents and investors.

    The contracts represent a significant addition to Dubai’s villa pipeline as the emirate’s property market recorded over Dh180 billion in transactions during Q1 2026. The expansion aligns with broader market trends, with luxury home prices jumping 25% in 2025 as Dubai strengthens its position as a global wealth destination.