Jubail Island sells out Phase 1 residence building plots
Jubail Island Investment Company (JIIC) achieved a major milestone by selling all 194 of the available villa plots from the development’s first phase.
Highlighting the developer’s managing company, LEAD Development’s commitment to delivering the project on time, the announcement comes as Jubail Island Investment Company also confirmed that 65% of the infrastructure has been completed and that all infrastructure works are on schedule to finish in Q2 of 2022.
Additionally, the developer has announced the ground-breaking for the villa construction which is on schedule for handover in Q4 2023.
Customers who have purchased plots in Jubail Island’s first phase have been reassured that the plots will be handed over on time in the fourth quarter of 2022.
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.
“I would also like to express our gratitude to the government and relevant authorities for the measures taken, which provide great support for developers.”
The Dhs5 billion Jubail Island, a project owned by JIIC and developed and managed by LEAD, will be home to a collection of six residential village estates located between Yas Island and Saadiyat Island.