A 5 billion UAE dirham ($1.4 billion) master-planned development known as Jubail Island has been launched in Abu Dhabi. The development will be sandwiched between the Yas Island and Saadiyat Island developments, it was announced.
The 400-acre low-density community is “designed to appeal to wellness and nature enthusiasts” and includes residential, retail, hospitality, entertainment, and education offerings, the project’s developer, Jubail Island Investment Company (JIIC) said in a press statement.
The statement said the project has been designated as an Abu Dhabi investment zone and features six investment zone villages – Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed’a Al Jubail.
It said the 13-kilometre waterfront project would comprise a mix of serviced plots, high-end and midrange properties that would cater to nationals and the rental market, and would house a resident population of 5,000-6,000 people after completion.
The project is slated for completion in the fourth quarter of 2022 with plot handovers starting in the first quarter of 2021, the statement added.
According to the statement, other elements of the Jubail Island, include Town Centre hub, featuring apartments, an office park, office villas, and a hotel, as well as 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 project is set to enhance the Jubail island’s natural ecosystem through planting new mangrove forests as well as adding over 10 kilometres of canals and other new marine habitats, the statement concluded.