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.
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
Zayed Sustainability Prize
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
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Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
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Price: From Dh139,000
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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Stuck in a job without a pay rise? Here's what to do
Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.
“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”
Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.
Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.
“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”
For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.
“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
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PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
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The Breadwinner
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Three stars
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
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The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
