Dubai: When could Palm Jebel Ali investors see their capital gains doubling?

Dubai: When could Palm Jebel Ali investors see their capital gains doubling?

Project will play a significant role in maintaining the rally in Dubai’s property market

Published: Sun 29 Oct 2023, 5:56 PM Last updated: Sun 29 Oct 2023, 5:59 PM

The Palm Jebel Ali project will play a significant role in maintaining the rally in Dubai’s property market in the coming years, especially due to the limited supply of prime sea/waterfront properties in the market.

Going by the industry executives’ views, investors in the master developer Nakheel’s launch of the first set of villas could see their capital gains doubled in five years when their investment is complete.

In September, Nakheel, the developer behind the Palm Jumeirah and Palm Jebel Ali, launched villas with a starting price of Dh18 million. Following a strong demand, the Dubai-based developer released the second set of villas.

Currently, 10 fronds have been released on Palm Jebel Ali, identified by titles from Frond A to J. This contains approximately 1,200 villas and more fronds and villas are expected to be made available.

According to Nakheel, the entire project is projected to be fully completed by 2027 and will encompass more than 80 hotels and resorts, as well as a variety of residential, commercial, and entertainment options.

Currently, 10 fronds have been released on