Dubai records sale of first properties on Palm Jebel Ali; plot price revealed

Dubai Land Department has recorded the sale of the first properties of Palm Jebel Ali, which will set another benchmark in upscale living in the emirate and another prized address for millionaires and billionaires from around the world.

The master developer Nakheel Properties launched the sale of villas and plots on the Palm around mid-September, which witnessed an unprecedented demand from property brokers and investors as the first set of residential villas were sold out within hours of the launch. The company launched the second phase of villas on September 26.

Spanning a total area of 13.4 sqkm and occupying an area twice the size of Palm Jumeirah, the brand new Palm Jebel Ali will mark a major new milestone in Dubai’s real estate growth. It will also host more than 80 hotels and resorts.