Mubasher: Jubail Island has witnessed the official launch in the UAE capital Abu Dhabi on Monday on a land area spanning 400 hectares.
With an estimated cost of AED 5 billion, Jubail Island is set as an Abu Dhabi investment zone that will comprise a mix of serviced plots, high end and midrange properties that cater primarily to the requirements of nationals, as well as the rental market.
Developed by Jubail Island Investment Company (JIIC), this megaproject is poised to become the UAE capital’s most desirable residential sanctuary, comprising 400 single-family and 400 multi-family homes, according to a recent press release.
This landmark project is scheduled for completion in the fourth quarter of 2022, while the plots can be arranged for handover as early as the first quarter in 2021. Once completed, Jubail Island will be home to between 5,000 and 6,000 residents.
“In the heart of this environmentally conscience and sustainable community will be the Town Centre – an intimately cosmopolitan hub featuring apartments, an office park, office villas, and a hotel. Facilities will include F&B outlets, a beach club, a business centre, a sports centre, schools, supermarkets, nurseries, a community club, specialised clinics, and other commercial establishments,” the press release noted.
JIIC has appointed Lead Development as the development management firm, with Arquitectonica from the USA, Ramón Esteve from Spain, and the global practice Broadway Malyan making up the consortium of international architects and planners.
“The launch of Jubail Island is inspired by the founding father of the UAE, late Sheikh Zayed bin Sultan Al Nahyan, and his abiding love for nature and its preservation,” Chairman of JIIC’s Hamad Rashid Al Nuaimi said.
Al Nuaimi added: “This prestigious project has commenced with the blessing of Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.”
