May 22, 2024
All the information you require regarding the recently announced Jebel Ali luxury villas project in Dubai

All the information you require regarding the recently announced Jebel Ali luxury villas project in Dubai

According to a property consultant headquartered in Dubai, buyers are increasingly gravitating toward the real estate market in Dubai due to aspects including infrastructure, safety, and investments that offer good returns in two to three years. – Jebel Ali luxury villas

A night before reservations for the realtor’s new luxury waterfront villa housing project opened, reports of hundreds of real estate agents lining up in front of Nakheel’s office in close proximity to Dubai’s master developer went viral. The Palm Jebel Ali villas project, which consists of 5 to 7 BHK homes valued above Rs 40 crore, has attracted attention from Indian buyers from Mumbai, Delhi, Bengaluru, and Ahmedabad, according to brokers who camped out overnight at the site and spoke to Moneycontrol.

According to Sawlani, demand for high-end luxury projects in Dubai is at an all-time high, particularly for projects with a view of the water and following the epidemic. The Palm Jumeirah project, started by the same corporation in 2003, is comparable to this one. The new phase, which began on September 20, is anticipated to end by 2027. – Jebel Ali luxury villas

What are the prices of these villas?

Many people who did not receive a unit will now need to wait until the project’s latter phases are launched. Plots and villas with configurations of 5-7 bedrooms are available in the present phase, with prices ranging from Rs 40 crore to Rs 140 crore, depending on the specification. Due to features like infrastructure, safety, and investments that provide strong returns in two to three years, buyers are increasingly coming to the Dubai real estate market, according to Sawlani.

According to the brochure, the project is anticipated to include a Metro at the Dubai Waterfront and 2002 villas. Beach villas, coral villas, and upscale villa plots are anticipated. The Beach villas are anticipated to have 5 to 6 bedrooms starting on the first floor and rising up to the second. A built-up area of 7,300 to 8,300 square feet is anticipated. There need to be four parking spaces per villa.

The price schedule
According to Sawlani, purchasers who submitted an expressed interest form and obtained an allocation were required to pay 20 percent upfront, 60 percent during construction, and the remaining balance after the project was finished, which is anticipated to occur in 2027. The property, he continued, is located 35 minutes from the Dubai Mall and 25 minutes from the Marina.

The purchasers are who?
Indians who have already made real estate investments in the Dubai market make up the buyers. “This may be their first investment in real estate, or their second, third, or fourth. They might have purchased it as an investment or as a home for their family. Some people might already have a Golden Visa, which calls for an investor to invest close to Rs 4.5 crore in a piece of real estate, Sawlani said.

As a forerunner of waterfront living, Rasha Hasan, Chief Commercial Officer of Nakheel, stated in a news release on the company’s website that “Nakheel is synonymous with Dubai’s incredible journey of growth and urban infrastructure development.” “We are thrilled to introduce Palm Jebel Ali to the market at this momentous time, with the island playing a transformative role in shaping the future of the city, raising the global benchmark on waterfront living, and underlining its position as a world-class lifestyle destination,” the company said.

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