Sell 400 housing units on Jubail Island for 10 billion dirhams
Abu Dhabi, July 15 / WAM / Jubail Island in Abu Dhabi, which is considered one of the most prominent modern residential destinations in the emirate, is witnessing remarkable progress in its development work, as its projects are proceeding with an accelerated pace to enhance infrastructure and provide integrated societies that contribute to attracting more real estate investments.
Engineer Munir Haidar, Executive Director of Jubail Island for Investment and Administrative partner at LED Real Estate Development Company, which is responsible for developing and managing the Jubail Island project in Abu Dhabi, stressed the start of handing over the first phase of the island development project, where more than 400 housing units have been delivered so far.
He said in statements to the Emirates News Agency “WAM”, that these units contribute to an active role in attracting foreign investments, which are one of the basic factors for the growth of the real estate sector in the Emirate of Abu Dhabi, where the total value of the housing units that was sold within the project amounted to about 10 billion dirhams.
He expected that it will be delivered by 1,200 real estate units from the first stage until the end of this year 2025 and the launch of other housing units in the fourth quarter of 2025 and the launch of the second phase of the Jubail Island development project for the market during the next year.
He explained that the total LED project portfolio for the current real estate development amounts to about 15 billion dirhams, stressing the continued efforts in developing an integrated infrastructure that contributes to consolidating the position of Jubail Island as one of the vital economic axes of the Emirate of Abu Dhabi, in addition to developing other fundamental projects that support sustainable development efforts at the state level.
He pointed out to work on a group of new projects that will be revealed soon inside and outside Abu Dhabi, such as the development project in Spain, in addition to expanding their business in Al Ain.
Jubail Island extends over an area of 40 million square meters, while the first phase of the project extends over an area of 5 million square meters, and its units include 854 villas, 164 plots of land, 303 Town House and 465 apartments.
The percentage of the area allocated for construction on Jubail Island is only 20% of the total area of the island.
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