Jubail Island Investment Company (JIIC) has awarded the construction contract for the first phase of 300 villas managed by UAE master-developer LEAD to Arabian Construction Company (ACC).
The masterplan will be home to more than 5,000 residents.
The contract award was driven by the pre-sales achieved to date and, with 60% of infrastructure already completed, ground-breaking is expected to commence this month on the project’s first phase of 300 modern and mediterranean-inspired villas on the stunning Jubail Island development, which is due for completion in the fourth quarter of 2023.
The $1.36bn (AED5bn) Jubail Island development will be a collection of villages located between Yas Island and Saadiyat Island.
Covering more than 45 million square meters, and offering restaurants, a beach club, business centre, sports facilities, schools and nurseries, as well as a community club, and specialised clinics, Jubail Island is being developed to become the iconic addition to Abu Dhabi’s residential landscape.
The first 300 villas to be created in Phase 1 represent the first move towards creating a low-density project offering three to six bedroom villas on vast land plots from 1,300m2 to 6,000m2. The next construction phases of the project will be announced in due course.
