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Jubail Island Development Project
This project involves the development of Jubail Island, located between Yas Island and Saadiyat Island in Abu Dhabi. The Island comprising a mix of serviced plots, high-end and mid-range properties that cater primarily to the requirements of UAE nationals and the rental market. It will spread across 400 hectares, the low-density community, designated as an Abu Dhabi investment zone, will comprise a mix of serviced plots, high end and mid-range properties that cater primarily to the requirements of UAE nationals and the rental market. It is set to feature six investment zone villages: Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Beda Al Jubail. Under the agreement, more than 2.5 million cubic meters of earth will be unearthed and put to make the establishment for 40 kilometers of streets and in excess of 800 private properties at the arranged Jubail Island improvement. The developer has appointed Lead Development as the development management firm, with an US's company, Spain's company and global practice making up the consortium of international architects and planners. Jubail Island will offer plots ranging from 1,500 to 5,000 sq m as well as villas ranging in size from 300 to 1,200 sq m. Once completed, Jubail Island will be home to between 5,000 and 6,000 residents. Jubail Island will cater to families, wellness, wildlife and nature enthusiasts, including water sports activities as well as offering a unique quality of life for homeowners and visitors alike. Beforehand, outsiders were just permitted to purchase property leaseholds, for a limit of 99 years. In any case, the administration a month ago revised the standard through an imperial announcement, in a move went for supporting the capital's land showcase, boosting outside direct speculation and fortifying its economy. Comprising 400 single-family and 400 multi-family homes, the project is slated for completion by the end of 2022, and varied ownership options mean that plots can be arranged for handover as early as Q1, 2021 (First quarter of 2021).