Naseem Al Jurf aerial. Al Jurf canal community, Abu Dhabi
Abu Dhabi · Al Jurf · Ghantoot
Naseem
Al Jurf
Imkan Properties · Al Jurf Masterplan
5BR Villa From
AED 5.44M
Payment Plan
40 / 60
Handover
Jun 2028
Product
Villas · 3–5 BR
SHA Wellness Clinic. Ranked among the world's top medical wellness destinations. Is the anchor tenant of the Al Jurf masterplan. That single fact sets the tenor of this entire corridor. Naseem sits within that ecosystem: 111 villas, private beach, marina and genuine mangrove-edge natural setting. The nature-first positioning here is real, not marketed. My position is Watch List. The corridor is early, and price discovery is still forming.
My Rating
Watch List
01
Developer Track Record
ADQ-backed. Multiple UAE completions.

Imkan Properties is an Abu Dhabi-based developer backed by ADQ. One of Abu Dhabi's major sovereign holding companies. The government ownership structure provides balance sheet confidence that private developers cannot match. Imkan has delivered multiple projects in Abu Dhabi, including Nudra at Saadiyat Island and Pixel in Al Reem Island, both of which have completed and transitioned into operational communities.

The Al Jurf masterplan is Imkan's most ambitious project. A 2.4km waterfront, 111-villa community anchored by a world-class wellness institution. Delivery credibility is supported by the government backing, and the SHA Wellness partnership suggests the project has cleared the threshold for institutional anchor tenants to commit. SHA does not sign into projects it has doubts about completing.

I do not hold material concerns about Imkan's ability to deliver. The risk in this project lies elsewhere. In corridor liquidity and exit market depth, not developer reliability.

Developer
Imkan Properties
Shareholder
ADQ-backed
Prior AD Projects
Nudra · Pixel
Anchor Tenant
SHA Wellness
02
Comparable Returns
SHA Wellness is the anchor. It has no comparable in the UAE.

SHA Wellness Clinic in Spain (Altea, Alicante) is consistently ranked in the global top-5 medical wellness destinations. The UAE is SHA's first Gulf address. That is not a cosmetic wellness brand. It is a medically-supervised, residential wellness programme that attracts guests paying €10,000–30,000 per week. The residential real estate implications of anchoring an entire community to that brand are material and not yet priced into the market.

Comparable wellness-anchored real estate internationally. Six Senses in Portugal, COMO in Bali, Chenot in Switzerland. Commands a 25–40% premium over equivalent non-wellness properties in the same geographic market. Al Jurf has no equivalent anchor elsewhere in the UAE pipeline. That structural scarcity is the investment argument.

On pure transaction comps, the Al Jurf corridor has limited secondary market data. The most comparable UAE villa communities in natural settings. Tilal Al Ghaf (Dubai), Al Hamra Village (RAK). Trade at AED 2,500–4,500/sqft for completed waterfront villas. Naseem at AED 5.44M for a 5BR villa (359 sqm GSA) implies approximately AED 1,670/sqft. A significant entry discount to the established market.

5BR Entry (100% upfront)
AED 5.44M
Implied sqft Rate
~AED 1,670/sqft
Comparable Waterfront
AED 2,500–4,500/sqft
SHA UAE Exclusivity
First address
03
Yield Projection
Insufficient rental evidence to project yield. I will not manufacture numbers.

Al Jurf has no established rental market. There is no meaningful transaction data on which to base a yield projection. The corridor is pre-operational. The SHA Wellness facility is not yet running, the marina is not yet active, and the community amenities that would attract either short-term or long-term tenants are not yet in place.

I am not going to put a gross yield number on this project. Any figure I gave you would be derived from analogies (SHA Spain, RAK eco-communities, Saadiyat villas) rather than from actual Al Jurf rental evidence. That is not how I work.

What I will say: once operational, the SHA Wellness anchor creates a referral pipeline for short-term luxury villa rentals that has no equivalent elsewhere in the UAE. Guests of SHA, medically-sponsored stays, wellness retreat operators. These represent a rental demand source that does not exist in conventional communities. That potential is real. It is also fully unproven for this specific address.

  • No yield projection offered. Rental evidence for Al Jurf does not yet exist
  • SHA Wellness creates a unique short-stay rental profile once operational
  • Long-term rental to families: possible given school and community infrastructure in masterplan
  • Capital growth is the primary thesis; yield is upside, not the base case
04
Capital Appreciation Thesis
A wellness address with genuine natural scarcity. First-mover pricing window.

The Al Jurf masterplan is positioned midway between Dubai and Abu Dhabi — 85km from Dubai, 45km from Abu Dhabi. That distance from both city cores is exactly the positioning that Saadiyat Island had in 2005. Saadiyat was dismissed as too remote. By 2025, Hidd Al Saadiyat was recording +23% annual price growth and the Louvre Abu Dhabi had become a global cultural anchor. The parallel is not perfect but the structural logic holds: nature-first communities with cultural or wellness anchors follow a delayed but sharp appreciation curve.

The mangrove ecosystem, canal network and private beach within Al Jurf are not manufactured amenities. They are natural features protected by UAE environmental legislation. That permanence cannot be replicated elsewhere. Supply of genuinely nature-adjacent, beachfront residential product in the UAE is fixed.

The SHA anchor changes the buyer pool for this corridor. Wellness tourism to Al Jurf will eventually attract international HNW buyers who discover the address through their SHA stay. A marketing channel no conventional developer has access to. That compounding of the residential buyer pool is the long-term appreciation mechanism.

SHA Wellness Ranking
Global Top-5
UAE SHA Address
First & Only
Mangrove Frontage
Natural / Protected
Total Villas
111
05
Risks
Four risks. The location argument cuts both ways.
Secondary Market Illiquidity
Al Jurf has no functioning secondary residential market. Exit options before or near handover depend on finding buyers who understand and believe in the corridor thesis. That buyer pool is small today. This is a 5–10 year hold, not an 18-month flip. Investors who need liquidity windows should not enter.
SHA Operational Dependency
The entire premium valuation case is anchored to SHA Wellness opening and operating successfully. If SHA delays, scales back or exits the project. Unlikely but not impossible. The corridor loses its most distinguishing characteristic. I rate this risk as low given SHA's institutional commitment, but it is not zero.
Secluded Sanctuary: Risk and Thesis in the Same Sentence

The location argument cuts both ways and I want to be direct about it. Al Jurf is equidistant between Dubai and Abu Dhabi — 40 minutes to either city centre. It is off the main highway. It requires a deliberate decision to go there. Buyer sentiment consistently describes it as "the most beautiful and unique masterplan in the UAE" while flagging the commute as the central tension. Both are accurate. This is not a suburban address and it will not attract that buyer. The risk is a shallow resale pool of buyers who understand the corridor. I am not dismissing it.

The reason I have not moved this to Pass is what is happening on the Sahel Al Emarat coast — the stretch of shoreline between Dubai and Abu Dhabi. It is one of the last underdeveloped waterfront coastlines in the UAE and it is actively being opened up. Competing product is entering this corridor, but site quality across it varies significantly; not every plot here has clean waterfront positioning. Naseem Al Jurf's specific location within Al Jurf is well-placed. Ghantoot is receiving infrastructure investment. The E11 coastal road improvements are funded. The same pattern that made Jumeirah, Emaar Beachfront and the Palm attractive before the corridor fully matured is visible here at a much earlier stage. Buyers who entered waterfront product on undiscovered coastlines before density arrived made the strongest returns. The risk at Al Jurf is patience and conviction, not fundamental value. The waterfront position is scarce by geography, not just by planning. That is structural.

Jun 2028 Handover. Macro Uncertainty
24-month delivery window introduces interest rate, regional geopolitical and market cycle variables. Abu Dhabi residential has been strong. But the Abu Dhabi off-plan market is younger and less deep than Dubai's, and corridor-specific price movements at Al Jurf post-2028 are genuinely uncertain. This is a long-conviction position, not a cycle trade.
06
Pricing & Payment Plan
40 / 60 — 40% before completion, 60% at handover.
Unit TypeGSAPayment PlanUnit Price
5BR Acacia Villa359 sqm100% UpfrontAED 5.44M
5BR Acacia Villa359 sqm70/30 On CompletionAED 5.65M
5BR Acacia Villa359 sqm60/40 On CompletionAED 5.69M
5BR Acacia Villa359 sqm50/50 On CompletionAED 6.08M
5BR Acacia Villa359 sqm40/60 On CompletionAED 6.15M

Multiple payment plan options available. The 40/60 plan carries the highest unit price as the greater proportion of payment is deferred to completion. Smaller 3BR and 4BR unit types available at lower price points (POA). ADM Fees 2% payable at SPA signing.

40/60 Plan. Milestone Dates (5BR example at AED 6.15M)
Milestone%Due DateAmount
Down Payment10%May 2026AED 614,777
Site Clearance & Enabling5%Jun 2026AED 307,389
Foundation Completion10%Nov 2026AED 614,777
Superstructure Completion7.5%May 2027AED 461,083
Villa Envelope Completion7.5%Nov 2027AED 461,083
On Completion60%Jun 2028AED 3,688,666
Return Analysis
I model the full return. Three scenarios. Your numbers.

I prepare a return analysis for every project I recommend. Three scenarios: conservative, base case and optimistic. Capital growth at 12-24 month, 3-5 year and 7-10 year exits. Short-term and long-term rental returns. ROI versus ROE across the payment plan timeline. All projections built from past transaction history and benchmarked against comparable buildings. Assumptions stated in full.

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Enquire. Naseem Al Jurf
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an Advisor

If the Al Jurf thesis resonates with your investment approach, contact me for a full project briefing. Unit options, payment plan comparison and positioning against other nature-first and wellness-anchored addresses in the portfolio.

Disclosure. I am a licensed Dubai broker operating Pinnacle Dubai. theoffplan.com is my personal editorial advisory. Pricing sourced from official Imkan developer briefings and confirmed sales proposals dated May 2026. Final terms governed by the SPA. About page.