Real Estate

Hundreds of Buyers Queue Up for Dubai's $5 Million Palm-Island Homes

  • Nakheel is reviving Palm Jebel Ali years after it was halted
  • Developer first sold villas on the palm-shaped island in 2003
Illustration of the Palm Jebel Ali island in Dubai.Source: Nakheel

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Hundreds of buyers scrambled to snap up luxury homes on the largest of Dubai’s palm-shaped islands where villas are going for 10 times the price of when the project was launched — but never built — two decades ago.