Nakheel starts handover of 892 homes at redeveloped Jebel Ali Village

Dubai developer Nakheel has commenced the handover of 892 villas and townhouses in the redeveloped Jebel Ali Village, near Ibn Battuta Mall, more than four years after the original 290 homes were demolished. Spanning 80 hectares, the 5,500-resident community will include cycling paths, parks, a children's play area, and a community center, according to Nakheel.

Khalid Al Malik, CEO of Dubai Holding Real Estate, highlighted the village's historical significance as one of Dubai's first residential districts, initially designed to house port workers more than 40 years ago. Following the demolition of the 290 homes in 2022, Nakheel emphasizes that the new development honors the area's heritage while fostering a family-oriented neighborhood.

The townhouses, ranging from 268 to 315 square meters, boast features such as terraces, en-suite bathrooms, built-in wardrobes, maid's rooms, laundry facilities, and spacious garages for two cars. Conversely, the villa component comprises four and five-bedroom homes, with average plot sizes of 641 and 706 square meters, respectively.

Despite the recent turbulence in global oil prices, the UAE's real estate sector has largely remained resilient, with Dubai's property prices increasing by 2% annually in the second quarter. However, there was a slight 4% decline compared to the previous quarter, as reported by Cushman & Wakefield Core in their latest analysis. Approximately 32,000 residential units are projected to be delivered by the end of 2026, bringing the total handovers for the year to around 55,600 – the highest annual delivery volume since 2008. As of the second quarter, over 13,218 units were successfully completed, keeping progress on track.