Dubai awards $950 million in contracts for Palm Jebel Ali island villas, targeting completion by 2028

State-owned developer Nakheel awarded contracts worth more than $950 million for 544 villas on Palm Jebel Ali, with completion targeted for 2028. When fully finished, the project will be twice the size of Palm Jumeirah, containing 35,000 homes and 80 hotels.

Dubai has only 72 kilometers of natural shoreline but has expanded beachfront through artificial islands and peninsulas. Palm Jebel Ali will add another 90 kilometers of coast to serve its 4 million residents and luxury property buyers.

Dubai's luxury market recorded 500 sales worth more than $10 million in 2025, the most of any city globally. Palm Jebel Ali ranked second only to Palm Jumeirah in luxury transaction volumes last year.