Dubai, UAE – 29 October 2024 – Nakheel, the master developer behind Palm Jebel Ali, has announced a strategic partnership with Dubai Electricity and Water Authority (DEWA) to develop substations on the upcoming Palm Jebel Ali Island. This $74 million investment will enable the construction of advanced electrical substations to support the energy needs of the large-scale development, set to become one of Dubai’s most luxurious and innovative residential and commercial hubs.
The new substations will be integral to ensuring sustainable, efficient, and reliable energy distribution across the Palm Jebel Ali project, providing residents, businesses, and leisure facilities with the necessary infrastructure to power their operations. This partnership marks a significant milestone in Nakheel’s commitment to sustainable development and aligns with DEWA’s ongoing mission to drive energy efficiency across the emirate.
Adham Younis, Group CEO of D&B Properties, commented on the partnership:
"The collaboration between Nakheel and DEWA is a strategic step in establishing Palm Jebel Ali as a future-ready, sustainable community. With DEWA’s expertise and Nakheel’s visionary development, we foresee this project creating new benchmarks in luxury living and efficient infrastructure. For investors, this represents not only an exceptional opportunity in real estate but also a commitment to environmentally responsible growth, making Palm Jebel Ali a unique addition to Dubai’s iconic destinations."
Through this partnership, Nakheel and DEWA aim to incorporate innovative technologies into the substations, supporting Dubai’s sustainability targets and providing a resilient energy backbone for the island's diverse residential, commercial, and hospitality facilities. This infrastructure development underscores Dubai’s commitment to sustainable growth, aligning with its ambition to become one of the world’s smartest and most sustainable cities.
About D&B Properties:
D&B Properties is a leading real estate firm specializing in luxury residential and commercial properties in Dubai. With a commitment to innovation and client satisfaction, D&B Properties continues to set new benchmarks in Dubai's dynamic real estate sector.
For media inquiries or further information, please contact:
houza, Bayut, Property Finder, and Yalla Deals.
Follow D&B Properties on:
Facebook: www.facebook.com/dandbdubai
Instagram: www.instagram.com/dandbdubai
LinkedIn: www.linkedin.com/company/dandbdubai
Twitter: www.twitter.com/dandbdubai
