WAM -- A new AED5 billion project developed across 400 hectares on Jubail Island marked its official launch in the UAE capital.
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 m.
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's abiding love for nature and its preservation."