Nakheel Awards AED 3.5 Billion Contracts for 544 Villas on Dubai’s Palm Jebel Ali
Dubai, United Arab Emirates: Nakheel, part of Dubai Holding Real Estate, has awarded contracts exceeding AED 3.5 billion to Ginco General Contracting L.L.C and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali. This initiative marks a significant advancement in one of Dubai’s most notable waterfront projects.
Project Details and Timeline
Under the awarded contracts, Ginco will be responsible for constructing 354 villas across Fronds A to D, while UNEC will handle the delivery of 190 villas on Fronds E and F. Construction is set to begin this quarter, with a completion target slated for the fourth quarter of 2028.
Statements from Key Officials
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, emphasized that the awarding of these contracts signifies substantial progress in the development of Palm Jebel Ali. He noted that construction is now underway across multiple fronds, contributing to what he described as one of the most significant expansions of Dubai’s urban coastline in a generation. Al Malik highlighted the project’s role in bolstering the emirate’s long-term growth and enhancing its global appeal as a desirable location for living, investing, and visiting.
Gheyath Mohammad Gheyath, Founder and Chairman of Ginco General Contracting L.L.C, expressed enthusiasm about the ongoing partnership with Nakheel. He stated that this collaboration reflects the strength of their relationship and their commitment to delivering the project to the highest standards.
Eng. Abdul Halim Muwahid, Chairman of United Engineering Construction (UNEC), remarked on the significance of Palm Jebel Ali as a project that embodies their shared vision and collaboration. He indicated that their efforts are not just about building communities but also about creating a lasting legacy.
Strategic Importance of Palm Jebel Ali
Palm Jebel Ali is a crucial component of Dubai’s future urban expansion, playing a vital role in the development of the emirate’s southern coastline. This project aligns with Dubai’s long-term vision for sustainable and high-quality waterfront communities.
The villas awarded are part of a broader collection of ten architectural typologies that aim to maximize waterfront positioning and sea views. These designs incorporate smart-home features and sustainability-focused principles, reflecting a commitment to modern living standards.
Alignment with Urban Planning Initiatives
The recent contract awards are consistent with the objectives outlined in the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. These initiatives support Dubai’s ambition to solidify its status as a global leader in premium waterfront living.
About Dubai Holding Real Estate
Dubai Holding Real Estate is recognized as the region’s leading integrated master developer within Dubai Holding’s diversified portfolio. With over 30 years of collective development experience, it combines the heritage and innovation of Nakheel, Meraas, and Dubai Properties to shape Dubai’s urban landscape and coastline through iconic destinations.
The portfolio of Dubai Holding Real Estate accommodates over 1.2 million residents across Dubai’s most sought-after locations, delivering value through master planning, development, strategic land sales, and asset management. This aligns with the Dubai 2040 Urban Master Plan to support sustainable, long-term growth.
Nakheel is known for delivering visionary waterfront landmarks and master-planned communities, including Palm Jumeirah and the upcoming Palm Jebel Ali. The company is also involved in prestigious communities such as Mohammed Bin Rashid Al Maktoum City and District One.
Meraas focuses on creating uniquely design-led destinations that blend architecture, creativity, and lifestyle, with notable projects including the Bvlgari Residences and Central Park at City Walk.
Dubai Properties specializes in family-oriented communities that emphasize accessibility and top-tier amenities, with landmark developments such as Jumeirah Beach Residence (JBR) and Business Bay.
Dubai Holding is a diversified global investment company with a presence in over 30 countries and a workforce exceeding 45,000 people. Established in 2004, it manages assets worth over AED 500 billion, supporting the diversification and sustainable growth of Dubai’s economy across various sectors.
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Published on 2026-04-27 09:57:00 • By the Editorial Desk
