Work completed at prime development in $4bn Jubail Island
ABU DHABI, May 7, 2024
LEAD Real Estate Developer has announced that work has been completed at Nad Al Dhabi village
within Jubail Island, the AED15 billion ($4.08 billion) project in the heart of Abu Dhabi.
This milestone highlights the island’s development works are progressing according to delivery timelines, and in line with Abu Dhabi’s urban development plans, said a statement from the developer.
Owned by Jubail Island Investment Company (JIIC) and developed and managed by LEAD Real Estate Developer, Jubail Island will comprise six residential villages nestled among the breath-taking natural beauty and rich biodiversity of the mangroves.
The low density, low-impact landmark community will offer residents every convenience and amenity, seamlessly blending sustainable living, luxury, and wellness in an iconic new addition to Abu Dhabi’s real estate landscape, it stated.
According to LEAD, Nad Al Dhabi Village successfully handed over 44 residential units to the first group of homeowners, with some having completed the move-in process, signalling its commitment to timely delivery and completion of what is set to be the region’s premier community.
As part of the overall project delivery, LEAD Development will continue to handover units to homeowners on a monthly basis, following a strategically-planned phased approach.
This ensures that homeowners receive personalised care and attention, guarantees efficiency, and allows for a smooth move-in process, it added.
On the handover, Engineer Abdulla Saeed Al Shamsi, Corporate Director at JIIC, said: "We are excited to be reaching a key milestone in the journey of Jubail Island’s development, which showcases our ongoing dedication to achieving targets and delivery timelines."
"Our team worked tirelessly, along with the consultants and contractors, to meticulously complete construction works across the island, adhering to the highest quality standards. We are confident that the units will reflect our commitment to excellence and will meet homeowners’ expectations," he noted.
The handover, he said, was just the beginning of an exciting new chapter for Jubail Island, as it had recently unveiled Bada Al Jubail, an exclusive waterfront hideaway with a limited number of mansions set to be the most prestigious residential properties in Abu Dhabi.
LEAD Development successfully began handing over land plot title deeds to owners in the first quarter of 2023.
Many have already begun construction of their waterfront villas. Infrastructure work on the island has also been completed during the year 2023, he added.-TradeArabia News Service