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First phase villa plots sell out at Abu Dhabi’s $1.36bn Jubail Island project

First phase villa plots sell out at Abu Dhabi’s $1.36bn Jubail Island project

Jubail Island Investment Company also announces that all infrastructure works are on schedule to finish in Q2 2022 Jubail Island Investment Company on Tuesday announced it has sold all 194 of the available villa plots from the development’s first phase. The announcement comes as the company also confirmed that 65 percent of the infrastructure has

Jubail Island Investment Company also announces that all infrastructure works are on schedule to finish in Q2 2022

Jubail Island Investment Company on Tuesday announced it has sold all 194 of the available villa plots from the development’s first phase.

The announcement comes as the company also confirmed that 65 percent of the infrastructure has been completed and that all infrastructure works are on schedule to finish in the second quarter of 2022.

Construction starts on first villas at $1.36bn Jubail Island project

Jubail Island Investment Company says work starts on first 300 villas in phase 1 of mega residential project

The developer also announced the awarding and ground breaking for the villa construction which is on schedule for handover in the fourth quarter of 2023.

Mounir Haidar, managing director of Jubail Island Investment Company, said: “We are excited to be reaching such a key landmark in the journey of Jubail Island development. Higher than expected sales demand in the market, a well throughout design and wide range of options for investors and homeowner to choose from plots, villas and townhouses, quality of the low-density masterplan and convenient access to amenities that has gone in to making Jubail Island such a special and desirable community in the heart of our capital.”

The AED5 billion ($1.36 billion) Jubail Island, a project owned by JIIC and developed and managed by LEAD, will be home to six residential village estates located between Yas Island and Saadiyat Island.

In May, JIIC announced the start of construction on the first phase of villas at the project in Abu Dhabi.

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