Overview
- Nakheel, which announced the awards Monday, named Ginco to build 354 villas on Fronds A–D and UNEC to build 190 on Fronds E–F under contracts worth more than Dh3.5 billion.
- Construction is due to start in the coming weeks with completion targeted for Q4 2028, shifting the project from planning to active delivery across multiple fronds.
- The masterplan spans seven islands with 16 fronds over 13.4 km and more than 90 km of beaches, and is planned to be roughly twice the size of Palm Jumeirah.
- Planned amenities include over 80 hotels and resorts, a 9,000 square metre retail centre, and a Friday Mosque designed by Skidmore, Owings & Merrill.
- Developers point to resilient demand for luxury homes, with Knight Frank reporting 500 UAE sales above $10 million last year, which supports large-scale coastal housing supply.