First homes to be built on $1.36bn Jubail Island from early 2021

First homes to be built on $1.36bn Jubail Island from early 2021

Jubail Island Investment Company (JIIC) on Monday said it has awarded a contract to design 16 villa and townhouse types to be constructed within phase 1 of the AED5 billion Jubail Island mega project.

The developer said the designs will cater to "discriminating and diversified buyer demands", meeting market demand particularly addressing Emirati household preferences.

With AED400 million in infrastructure works already underway, having already started in early January, home construction is on schedule to start in the first quarter of 2021 with completion slated for 2023, the developer added.

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In addition, a mix of serviced plots will also be available for buyers to build their custom dream homes from as early as the third quarter of 2021.

The Jubail Island development is located between Yas Island and Saadiyat Island and is slated to