Nakheel, a member of Dubai Holding Real Estate, has awarded three major contracts, collectively valued at more than AED5 billion ($1.4 billion) for the development of luxurious beach and coral collection villas on the first six fronds of Palm Jebel Ali in Dubai.

The contracts, awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC), mark a significant milestone in the ongoing development of this landmark waterfront destination in Dubai.

The scope of work includes the construction of 723 luxurious Beach Collection and Coral Collection villas with exclusive beach frontage across six fronds in addition to the comprehensive development of world-class infrastructure and vibrant public spaces within the respective fronds on Palm Jebel Ali.

As per the deal, Ginco will deliver 197 villas on Fronds O and P; Shapoorji Pallonji Mideast will undertake the construction of 275 villas on Fronds M and N, while UNEC will lend its expertise to the development of Fronds K and L, constructing 251 villas.

Palm Jebel Ali will set a new standard for waterfront living, and residents can look forward to a diverse selection of five- and six-bedroom Beach Collection villas, numbering 539 in total, and 184 opulent Coral Collection villas boasting seven bedrooms, with a choice of eight distinct architectural styles for the Beach Collection villas and eight styles for the Coral Collection villas.