The raft of new developments are being driven forward as Dubai enjoys surging sales in the luxury property market.
The Ruler of Dubai was joined during the approval of the master plan by Sheikh Maktoum bin Mohammed, Deputy Prime Minister, Minister of Finance and First Deputy Ruler of Dubai; Sheikh Ahmed bin Mohammed, Second Deputy Ruler of Dubai; and Mohammed Al Shaibani, director general of The Ruler’s Court of Dubai, Managing Director of the Investment Corporation of Dubai and Chairman of Nakheel.
“We are honoured to embark on a path-breaking journey with the new master plan of Palm Jebel Ali, which is unprecedented in magnitude and scale,” said Mr Al Shaibani.
“The megaproject is inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and will mark a new milestone in the continued growth of the city.
“Palm Jebel Ali will capture the spirit, energy and life of Dubai as a thriving, prosperous and sustainable waterfront community and a world class lifestyle destination and secure Dubai’s reputation globally as an innovator in waterfront developments, besides creating exceptional value for investors.”
Palm Jebel Ali will feature mixed-use walkable neighbourhoods and incorporate smart city technologies and sustainability practices which will position it as a global benchmark for waterfront living, Dubai Media Office stated.
Up to 30 per cent of Palm Jebel Ali’s energy requirements will be obtained from renewable sources, supporting the country’s green agenda.