Jubail Island has awarded a contract worth AED 327 million to Construction General Contracting House Ltd (CGCH) for the development of Jubail Terraces, a low-rise residential community comprising 242 units located in Souk Al Jubail village.
The project was launched for sale in February 2023, and an official groundbreaking ceremony was held on the island to mark the start of construction. The development will include 23 retail units on the ground floor of each building, and the apartments will feature neutral interiors and high-quality finishing, with expansive terraces that offer views of the natural surroundings.
The Jubail Terraces community is expected to be ready for handover in March 2025, and will be part of Jubail Island’s mixed-use destination that includes the Marina district, the Jubail Club, landscaping, and other amenities.
Mounir Haidar, said “We are delighted to have officially signed the contract with CGCH to create our newest and most accessible community to date – Jubail Terraces. Set to be completed in March 2025, the new low-rise and low-impact apartment blocks offer potential residents even more choice and flexibility in one of Jubail Island’s premium and desirable communities.
“With continued market demand for uniquely designed and high-quality housing, the contract signing further reinforces JIIC’s commitment to developing a world-class landmark destination that is synonymous with luxury living and created with sustainability in mind.”
Established in 1990, CGCH is one of the UAE’s leading contractors, and will be responsible for the construction of Jubail Terraces and all associated amenities. Global consultancy practice Atkins has been engaged in a supervisory capacity.
The AED10 billion Jubail Island, a project owned by JIIC and developed and managed by LEAD, will be home to an idyllic collection of six residential village estates located between Yas Island and Saadiyat Island.
Nestled among the breath-taking natural beauty and rich biodiversity of the mangroves, the landmark community will offer residents every convenience and amenity, seamlessly blending sustainable living, luxury, and wellness in an iconic new addition to Abu Dhabi’s real estate landscape.