Set to feature six investment zone villages, Jubail Island is located between Yas Island and Saadiyat Island
Jubail Island, which aims to become Abu Dhabi’s most desirable residential sanctuary, was officially unveiled on Monday.
Developed across 400 hectares at an estimated cost of AED5 billion ($1.36 billion), the low-density community, designated as an Abu Dhabi investment zone, will comprise a mix of serviced plots, high end and midrange properties that cater primarily to the requirements of UAE nationals and the rental market.
Set to feature six investment zone villages – Marafaa Al Jubail, Nad Al Dhabi, Seef Al Jubail, Ain Al Maha, Souk Al Jubail and Bed’a Al Jubail - Jubail Island is located between Yas Island and Saadiyat Island.
Jubail Island Investment Company (JIIC), the developer of the project, has appointed Lead Development as the development management firm, with Arquitectonica from the US, Ramón Esteve from Spain and the global practice Broadway Malyan making up the consortium of international architects and planners.
Jubail Island will offer plots ranging from 1,500 to 5,000 sq m as well as villas ranging in size from 300 to 1,200 sq m.
Comprising 400 single-family and 400 multi-family homes, the project is slated for completion by the end of 2022, and varied ownership options mean that plots can be arranged for handover as early as Q1 2021.
Once completed, Jubail Island will be home to between 5,000 and 6,000 residents.
Mounir Haidar, managing director of JIIC, said: “Jubail Island will cater to families, wellness, wildlife and nature enthusiasts, including water sports activities as well as offering a unique quality of life for homeowners and visitors alike.
"With its wide variety of residential, retail, hospitality, entertainment, and education offerings, the project is poised to become an important contributor to the Abu Dhabi real estate market in line with the objectives of the Abu Dhabi Economic Vision 2030.”
He added: “The breath-taking development will significantly enhance the capital’s market offering for quality properties. Jubail Island will offer investors well-priced and sizable plots in a low-density community surrounded by spectacular natural elements, such as beautiful waterfronts, beaches, mangroves and neighbourhood parks.
"A five-hectare heritage site, where pottery and other relics of early civilisation that have been discovered on the site will be on display, is set to be another key attraction.”