The five-island development, formerly called Deira Islands, aligns with the UAE’s ongoing push to be a global destination of choice for residents and investors.
The developer of iconic Palm Jumeirah, Nakheel, has unveiled its masterplan for Dubai Islands, as it looks to capture rising demand in luxury properties in the UAE.
The five-island development, formerly called Deira Islands, aligns with the UAE’s ongoing push to be a global destination of choice for residents and investors, the Dubai developer said.
“Dubai Islands are an integral part of the future vision for the emirate, focusing on enhancing the health, happiness and wellbeing of residents and visitors, as well as providing the highest standards and variety of urban infrastructure and facilities,” Naaman Atallah, chief executive officer, at Nakheel said.
The islands, located along Dubai’s northern coastline, will feature 20 kilometres of beaches, two square kilometres of parks and open spaces – a major focus in the emirate’s 2040 Urban Master Plan to promote “vibrant and health communities.”
Nakheel aims to house over 80 resorts and hotels across the 17-square-kilomtre project.
Prime properties in Dubai are gaining traction in recent months, signalling a boom in the UAE’ real estate market after a pandemic-induced contraction.
The UAE government has implemented several initiatives to make it easy for investors to pour money into the Gulf nation, and the real estate sector has been a critical element in this push.