Nakheel, under Dubai Holding Real Estate, has awarded AED 750 million in infrastructure contracts to DBB Contracting LLC for Palm Jebel Ali’s ongoing development, targeting completion in Q4 2026. DBB’s scope includes utility works across Fronds A–G—such as 11 kV power, telecoms, road and pavement construction, excavation, backfilling—and the Spine District’s major road and utility mains.
Palm Jebel Ali, unveiled by HH Sheikh Mohammed bin Rashid Al Maktoum, encompasses seven islands spanning 13.4 km with 16 fronds and over 90 km of beachfront. It aligns with Dubai’s 2040 Urban Master Plan and the Economic Agenda D33, pushing a new waterfront-growth corridor. The project is designed as a pedestrian-friendly, mixed-use destination empowering smart-city technologies, sustainability, and seamless connectivity.
Khalid Al Malik, CEO of Dubai Holding Real Estate, emphasised Dubai’s ambition to redefine global waterfront living. He praised DBB Contracting LLC’s proven expertise as vital for project execution. Eugene Terreblanche, DBB’s General Manager, highlighted the company’s strong commitment to delivering visionary infrastructure.
Nakheel’s contracts with DBB Contracting lay the groundwork for Palm Jebel Ali’s evolution into a world-class waterfront community. As infrastructure progresses, this mega project stands to capture significant interest from global investors—especially from India—supported by Dubai’s favourable investment landscape.
Balanced Investment Angle for Indian Investors
Dubai’s strategic infrastructure developments and Nakheel’s robust execution have made Palm Jebel Ali particularly attractive to Indian investors. Indians lead foreign property investment in Dubai, accounting for over 22% of all transactions and more than AED 35 billion in investments in 2024. Dubai offers higher rental yields of 6–9% compared to many Indian cities, with zero capital gains tax and streamlined regulations.
Additionally, projects like Palm Jebel Ali benefit from investor-centric payment plans and easy access to 10-year Golden Visas—hallmarks of Dubai’s appeal to Indian HNIs and NRIs. As Indian investors seek diversified, offshore, high-quality real estate, developments with strong infrastructure foundations offer both stability and growth.
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