DUBAI, UAE, Aug. 27,
2024 /CNW/ -- Nakheel, a member of
Dubai Holding's
pioneering real estate arm, Dubai Holding Real Estate, has awarded
an AED 810 million contract for marine works on Palm Jebel Ali to
Jan De Nul Dredging LTD.
The company will be responsible for dredging, land reclamation,
beach profiling and sand placement, directly supporting the
construction of villas across all fronds and will complete the
marine works in just over two years. The first eight fronds of the
project are expected to be site-ready by Q1 2025, allowing for the
commencement of villa infrastructure and civil works.
Following Nakheel's recent award of two major infrastructure
contracts, works have also commenced on the construction of a new
public access road and to roadway and lighting enhancements from
the mainland to Palm Jebel Ali.
Revealed by His Highness Sheikh Mohammed
bin Rashid Al Maktoum, Vice President and Prime Minister of
the UAE and Ruler of Dubai, Palm Jebel Ali will offer an
exceptional breadth of luxury lifestyle amenities for residents,
families and visitors. Supporting the Dubai Economic Agenda D33, the project
also marks the beginning of a new growth corridor in the Jebel Ali
area, underlining the expansion of the emirate.
Khalid Al Malik, Chief Executive
Officer of Dubai
Holding Real Estate, said: "Partnering with Jan De Nul Dredging
reflects our unwavering commitment to excellence and innovation. As
Nakheel intensifies its development activity under
Dubai Holding, the
expertise of Jan De Nul Dredging in marine, civil construction and
environmental projects is pivotal as we accelerate progress on this
transformational development. Aligned with the Dubai 2040 Urban Master Plan vision,
Palm Jebel Ali is set to become a global destination that will
offer residents the opportunity to experience a luxurious
waterfront lifestyle with access to sweeping beachfronts and
pristine waters, while setting new standards in quality living and
sustainability."
Last year, Palm Jebel Ali launched over 700 units of its Phase 1
frond villas, featuring eight unique styles, blending indoor and
outdoor living in a serene coastal setting. Progress on
infrastructure and marine works directly supports the delivery of
these homes, scheduled for handover late 2026. The island will span
13.4 kilometres, featuring 16 fronds and 91 kilometres of
beachfront, aligning with the Dubai 2040 Urban Master Plan's goal of
expanding public beach access. Video
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SOURCE Dubai Holding Real Estate