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Palm Jebel Ali Dubai

Palm Jebel Ali to add much needed beachfront properties

A revamped master plan for the billion-dollar Palm Jebel Ali man-made island development in Dubai has been approved, helping to meet demand for prime, residential, beachfront properties. The 13.4 sq km mega-project – twice the size of Palm Jumeirah – will add 110 km of coastline to the emirate and provide real estate for approximately […]

The Pointe on Palm Jumeirah is one of many Dubai destinations undergoing redevelopment

The Pointe is latest rebuild in Dubai’s property upswing

The Pointe is the latest in a string of retail and leisure destinations in Dubai that are being repurposed as landowners seek to capitalise on the emirate’s growing property market. State-owned Nakheel Properties confirmed this week that it plans to shut down and redevelop its 130,000 square metre The Pointe on Palm Jumeirah from next […]

Yas island

Off-plan sales set to drive future of Emirates property market

Off-plan real estate sales are expected to increasingly satisfy demand from investors in the UAE in the future as developers sell out of inventory. Construction efforts are likely to centre on completing existing projects and masterplans for the next two to three years, while major new launches are set to decrease until the middle of […]

Dubai Peal render

Momentum gathers on Dubai mega-projects

Rising property prices and demand from wealthy buyers is encouraging Dubai to accelerate plans for several high profile projects that could represent the biggest real estate investment opportunities in the emirate in years.  Among the key opportunities are fresh plans for a 300-acre plot once intended to house a 22 million square foot mega-project known […]

palm jebel ali

Dubai brokers compete to sell Palm Jebel Ali homes

Dubai real estate agents are signing up to sell homes when developer Nakheel relaunches the Palm Jebel Ali manmade island development in the first quarter of next year. Industry sources told AGBI the project, which was launched in 2002 but has been on hold since 2008, is set to start construction soon after the official […]

Palm island Dubai

Palm Jebel Ali buyers get 150% refund as credit if they reinvest

Original investors in Dubai’s long-stalled Palm Jebel Ali can receive up to 1.5 times the money they paid – providing they re-invest this in the revamped project, state-owned master developer Nakheel has pledged.  In September, Nakheel revealed it would re-launch Palm Jebel Ali, having officially cancelled the project earlier this year. Construction halted in 2009 […]

Lucid EVs

Lucid opens first Saudi showroom as regional EV rivalry hots up

Lucid Group announced the opening of its first showroom in the Middle East, located in Riyadh, Saudi Arabia, as it looks to get ahead of rivals in the regional push for electric vehicles. The Lucid Studio in the heart of the Saudi capital’s Al Nakheel district will offer a “digitally oriented premium experience”, the company […]

Computer-generated aerial view of how Palm Jebel Ali will look after Nakheel relaunches building of homes, hotels and other amenities

Nakheel sold 29 homes on stalled Palm Jebel Ali, official data shows

Palm Jebel Ali, the Dubai mega project set to be relaunched soon by developer Nakheel, sold a total of 29 homes before work on the project was halted in 2009. State-owned developer Nakheel has confirmed it was set to relaunch the manmade, palm-shaped, island project, which is said to be one-and-a-half times the size of […]

Nakheel confirms relaunch of Palm Jebel Ali

Dubai state-owned developer Nakheel has confirmed it is planning to relaunch the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate. Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai. Launched in 2002, it stalled […]