Dh5 billion project to make Jubail island UAE's next hotspot

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Dh5 billion project to make Jubail island UAEs next hotspot

It is strategically located between Yas Island and Saadiyat Island.

By Wam

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Published: Mon 8 Apr 2019, 4:47 PM

Last updated: Tue 9 Apr 2019, 6:06 PM

Jubail Island, poised to become Abu Dhabi's most desirable residential sanctuary, today marked its official launch in the UAE capital.   
Developed across 400 hectares at an estimated cost of Dh5 billion, the diverse and meticulously planned low-density community, designated as an Abu Dhabi investment zone, will comprise a mix of serviced plots, high end and mid-range properties that cater primarily to the requirements of nationals and the rental market.
Set to feature six investment zone villages - Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed'a Al Jubail, Jubail Island is strategically located between Yas Island and Saadiyat Island.
Jubail Island offers plots ranging from 1,500 to 5,000 sq m as well as villas ranging in size from 300 to 1,200 sq meters. The development is a short 15-minute drive from downtown Abu Dhabi and only a 50-minute drive from the Dubai Marina. It is also within easy access to key attractions such as Louvre Abu Dhabi, Yas Mall, Al Maryah Island and Abu Dhabi Island.
Comprising 400 single-family and 400 multi-family homes, the project is slated for completion in Q4 2022, and varied ownership options mean that plots can be arranged for handover as early as Q1 2021. Once completed, Jubail Island will be home to between 5,000 and 6,000 residents. 
Hamad Rashid Al Nuaimi, Chairman of JIIC's Board of Directors, said, "The launch of Jubail Island is inspired by the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, and his abiding love for nature and its preservation."
Speaking at a press conference to announce the launch, Mounir Haidar, Managing Director of JIIC, said, "Jubail Island will cater to families, wellness, wildlife and nature enthusiasts, including water sports activities as well as offering a unique quality of life for homeowners and visitors alike. The project is poised to become an important contributor to the Abu Dhabi real estate market in line with the objectives of the Abu Dhabi Economic Vision 2030."


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