Nakheel awards $1.4bn contracts for Palm Jebel Ali villas

Dubai state-owned developer Nakheel has awarded three major contracts, valued at more than AED5 billion ($1.4 billion), to construct ultra-luxury villas on the first six fronds of Palm Jebel Ali.

The contracts were awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC). 

The work scope of the contracts includes the construction of 723 beach collection and coral collection villas with beach frontage across six fronds, in addition to the development of infrastructure and public spaces within the respective fronds.

The Beach Collection has 539 five- and six-bedroom villas while the Coral Collection has 184 villas with seven bedrooms.

The villas are scheduled for completion by late 2026.

Palm Jebel Ali is set to contribute significantly to the emirate’s economic development, attracting investment and tourism for years to come, said Khalid Al Malik, CEO of Dubai Holding Real Estate, a division of state-run Dubai Holding.

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Ginco will deliver 197 villas on fronds O and P. Shapoorji Pallonji Mideast will construct 275 villas on fronds M and N, while UNEC will construct 251 villas development of fronds K and L.

Palm Jebel Ali’s seven islands cover 13.4 km, feature 16 fronds and over 90 km of beachfront, which aligns with the Dubai 2040 urban master plan’s goal of expanding public beach access.

In August, Belgian-owned Jan De Nul Group won an AED810 million contract to complete dredging, land reclamation, beach profiling and other work at Palm Jebel Ali.

Dubai Holding absorbed the state-backed developers Nakheel and Meydan in March. Palm Jebel Ali, in the south of Dubai, was initially launched in 2002. However, development was stopped in its tracks by the global financial crisis and only resumed in recent months.