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Palm Jebel Ali

Elora at The Valley

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Where it is

Palm Jebel Ali

Nakheel’s second palm: twice the size of the first, dredged in the 2000s, abandoned for fifteen years and relaunched in 2023.

  • a long horizon
  • entering early
  • a villa by the water

What to check: The island has already been stopped once, for fifteen years. That is not a verdict on the project, but it is the first line of the model rather than a note beneath it.

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Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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