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Jebel Ali Labour Accomodation
Offering Size: USD 64 Million
Country: United Arab Emirates
Nature of Investment: Labour Accomodation
Year: 2008
Jebel Ali Development Company W.L.L. has been formed to develop three strategically located labour accommodation complexes within the Jebel Ali Industrial Area in the United Arab Emirates (UAE). This AED 400 million (USD 109 million) project will provide high quality accommodation and supporting amenities for over 4,000 workers.
The target completion date for the project is set for end of April 2010.
This project differentiates itself by concentrating on a segment of the real estate market with high demand - low supply characteristics, thereby enabling investors to further diversify their realty sector investments.
Jebel Ali is situated 35 kilometres southwest of the city of Dubai and is part of the Emirate of Dubai in the UAE. Its port of Mina Jebel Ali has the world’s largest man-made harbour with 67 berths and an extensive dry-dock capability. Jebel Ali is the biggest port in the Middle East and is home to the eighth largest seaport in the world.
Al Maktoum International Airport, currently under construction in Jebel Ali, will be the world’s largest passenger and cargo hub. Jebel Ali Free Zone, the only free zone in the world to be located between two such major logistics enablers, combined with air and sea ports, has positioned Jebel Ali strategically on the UAE and regional map.
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Offering Size: USD 64 Million
Country: United Arab Emirates
Nature of Investment: Labour Accomodation
Year: 2008
Jebel Ali Development Company W.L.L. has been formed to develop three strategically located labour accommodation complexes within the Jebel Ali Industrial Area in the United Arab Emirates (UAE). This AED 400 million (USD 109 million) project will provide high quality accommodation and supporting amenities for over 4,000 workers.
The target completion date for the project is set for end of April 2010.
This project differentiates itself by concentrating on a segment of the real estate market with high demand - low supply characteristics, thereby enabling investors to further diversify their realty sector investments.
Jebel Ali is situated 35 kilometres southwest of the city of Dubai and is part of the Emirate of Dubai in the UAE. Its port of Mina Jebel Ali has the world’s largest man-made harbour with 67 berths and an extensive dry-dock capability. Jebel Ali is the biggest port in the Middle East and is home to the eighth largest seaport in the world.
Al Maktoum International Airport, currently under construction in Jebel Ali, will be the world’s largest passenger and cargo hub. Jebel Ali Free Zone, the only free zone in the world to be located between two such major logistics enablers, combined with air and sea ports, has positioned Jebel Ali strategically on the UAE and regional map.
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