Nakheel unveils mega development for 50,000 residents in Dubai
Dubai’s Nakheel has unveiled a new master development next to Palm Jebel Ali as property developers continue to launch housing projects despite Iran war-driven uncertainty. Palm Springs, a 3.8 million-square-metre residential masterplan, will have a mix of villas, townhouses and apartments, Nakheel said on Tuesday. It will also have education, health care, sport and leisure facilities across 15…
Dubai's Nakheel has revealed plans for a new residential development in Palm Springs, adjacent to Palm Jebel Ali. The 3.8 million-square-meter project will encompass villas, townhouses, and apartments, with a focus on providing education, healthcare, sports, and leisure facilities. The initiative aims to create a community of approximately 50,000 residents, featuring two schools, a hospital, and six mosques.
As part of the development, Nakheel will also offer more than 593,000 square meters of open space, including a central park and landscaped areas. The masterplan also includes more than 35 kilometers of cycling, running, and walking routes to connect the neighborhoods with parks, retail, and leisure destinations. The development is part of the broader strategy by property developers in Dubai to continue launching housing projects despite concerns about the slowing market due to Iran war-related uncertainties.
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