Will Naia Island have Dubai's priciest waterfront homes?

Dubai: With Naia Island, Dubai is creating a super-luxury destination that slots in neatly between the well-established Jumeira Bay and Palm Jumeirah.

Now, the property market is waiting for the prices attached to the limited-edition homes on Naia Island, which will also feature the region’s first ‘Cheval Blanc’ maison (or home).  

The maison, according to Shamal Holding, which is the developer, will have the collection of suites and private villas. Being part of the LVMH family, Cheval Blanc will obviously place a premium on luxury.

“A limited number of branded beachfront residences and estate plots will be available, each with private beach access offering a rare opportunity to reside on an island where design, nature, and lifestyle exist together perfectly,” said a statement from Shamal.

That’s what getting the property market all excited. “You have Jumeira Bay island continuing to set sales records – whether it’s for plot sales, costliest penthouse, and even ready homes,” said an estate agent specialising in luxury homes. “Naia Island now offers the world’s high networth property investors another destination with all the possibilities associated with high living in Dubai.”

Currently, Jumeira Bay island homes have an average price per square foot of Dh4,122, making it the priciest waterfront residential location in Dubai. On the Palm Jumeirah, a top-of-the-line villa could have a price per square foot of Dh16,000-Dh18,000.

The Cheval Blanc brand itself itself is associated with niche offerings, with ‘destination’ properties in Paris, St. Tropez, St. Barth and the Seychelles.