A New Haven for Waterfront Living
In the wake of a successful relaunch of Palm Jebel Ali, Nakheel, the prominent Dubai-based developer, introduces yet another sought-after destination for waterfront living: Dubai Islands (formerly recognized as ‘Deira Islands’). The unveiling of off-plan sales for the opulent homes at Dubai Islands has sparked an unprecedented rush among potential buyers and property agents alike, echoing the fervor witnessed during the recent launches at Palm Jebel Ali.
Luxury Living: Options and Pricing
The newly released properties feature a diverse range of options, starting from Dh4 million for 3- and 4-bedroom townhouses to the most luxurious 5-bedroom waterfront villas priced at Dh13.8 million. Estate agents confirm a 15 percent down payment, with the remainder to be divided 80:20, with the final 20 percent payable upon handover.
Strategic Positioning: Nakheel’s Vision for Dubai Islands
Following the successful launch of sales at Palm Jebel Ali last October, Nakheel now adds another jewel to its crown with Dubai Islands. “With the emergence of Dubai Islands, Nakheel secures two of the most coveted waterfront locations in the city,” remarked an estate agent, emphasizing the strategic pricing tailored to the current market dynamics.
The Palm Jebel Ali villas started at Dh18 million and with the most expensive ones to date hittin Dh55 million.
Prime Location: The Allure of Dubai Islands
Situated off the Deira coastline, Dubai Islands boast proximity to both historic landmarks and modern attractions, including the renowned Deira Gold Souq, the Corniche, and the newly developed Waterfront Market. Originally conceptualized as ‘Deira Islands’, the project underwent significant enhancements, shifting its focus towards high-end residential offerings and lifestyle amenities to cater to evolving market preferences.
Adapting to Market Trends: Nakheel’s Proactive Approach
The most recent Nakheel offering satisfies a steady demand for upscale real estate in Dubai.
– Daria Mazolevskaya of Investment Experts
In August 2022, Nakheel announced a major shift in strategy for its massive waterfront development. The company said it would pivot to focus more on luxury residential properties and lifestyle experiences to meet changing demand.
“We’re seeing incredibly strong interest in high-end waterfront homes and villas in Dubai,” said Daria Mazolevskaya of Investment Experts. “Nakheel is smartly adapting their masterplan to cater to this resilient luxury market, even with current global uncertainty.”
The Surge in Luxury Living: A Growing Trend
Nakheel’s decision to allow freehold ownership of “traditional” Dubai gives new investors the chance to own and reside there.
– Eima Najmuddin of GCP Properties
Recent data confirms a buoyant luxury property market in Dubai this January 2024, with strong sales for high-end apartments, penthouses, villas and mansions. Major developers like Emaar, Meraas, Omniyat, Damac, and Sobha have expanded luxury offerings to meet demand.
Nakheel is also targeting luxury buyers with new upscale projects on Palm Jumeirah and the upcoming Dubai Islands. By opening up freehold ownership in exclusive areas, Nakheel gives investors access to Dubai’s heritage and luxury lifestyle, attracting buyers despite global uncertainty.
