Abu Dhabi's Jubail Island Investment Company is to develop a beachfront gated community valued at Dh4 billion ($1.09 billion), featuring a "limited number of mansions" amid rising property demand in the emirate.
Bada Al Jubail will cover 446,000 square metres and include 8km of beach, said the company, which is developing the mixed-use mega project Jubail Island.
The mansions, which will have six, seven or eight bedrooms, range from 1,100 square metres to 3,000 square metres. The homes will be built on plots that are between 2,000 square metres to 6,000 square metres.
The project will have a total of 110 units, with prices ranging from Dh35 million to Dh65 million.
Each property will have double-volume entrances, open-plan entertainment areas and outdoor spaces. The new community is to include a marina with berths for 30 yachts, as well as cycle tracks, jogging paths, a wellness centre and spa, and a kids' club.
Bada Al Jubail is due to be completed by the end of 2027.
The project "caters to a discerning few who value unparalleled privacy and an elevated lifestyle", said Mounir Haidar, managing director of JIIC.
Mr Haidar said the soft launch of Bada Al Jubail "received an overwhelmingly positive response".
"This is attracting affluent buyers and investors seeking a unique blend of exclusivity, world-class amenities and an investment opportunity in a growing and dynamic market,” he said.
Jubail Island, between Saadiyat Island and Yas Island, is set to have six residential village estates covering more than 400 hectares. The island is expected to be home to 10,000 people when development is completed.
The project will also have more than 18,000 square metres of office space and 8,000 square metres of retail space.
More than half of the development is within Abu Dhabi’s protected mangrove reserve, which will be untouched. Developers have planted 430,000 mangrove trees as part of efforts to help protect the ecological reserve.
The latest launch comes amid growing investor demand for Abu Dhabi's property market. The ValuStrat Price Index, which analyses changes in property values, grew by 4.2 per cent annually for the UAE capital last year.
“Continued steady price and rental growth during [the fourth quarter of] 2023 demonstrates a maturing market in Abu Dhabi's ready home sales, this is supported mostly by domestic buyers,” said Haider Tuaima, director and head of real estate research at ValuStrat. “High demand for off-plan properties has been evident with an increase in foreign investors.”
ValuStrat said Abu Dhabi recorded 2,238 off-plan sales transactions last year (accounting for 75.1 per cent of overall sales), which were up 39.4 per cent compared with the same period in 2022.
The sales volume for ready homes also rose 36.5 per cent to 740 transactions last year.
MEYDAN CARD
6.30pm Maiden Dh165,000 (Dirt) 1,600m
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UAE currency: the story behind the money in your pockets
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BOSH!'s pantry essentials
Nutritional yeast
This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.
Seeds
"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."
Umami flavours
"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".
Onions and garlic
"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."
Your grain of choice
Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
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- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
