The inaugural villas at Palm Jebel Ali in Dubai have all been sold as hundreds of eager buyers queued through the night.

Amidst a surge in demand for opulent real estate within the city, prospective homeowners began lining up as early as 3 a.m. on Wednesday, eager to secure a property on Dubai's Palm Jebel Ali.

In order to secure one of the initial properties on this man-made island, located 20 kilometers to the south of Palm Jumeirah, a queue, consisting of hundreds of individuals, formed outside the sales center of the developer, Nakheel.

This week witnessed an uptick in the desire for premium properties, prompting the announcement of the waterfront villa project. The project will encompass two distinct villa types: coral villas and beach villas, all centered around four island fronds. Real estate experts estimated that the first homes would be ready for occupancy by 2027.

"People were lining up as early as 3 a.m.," noted Matthew Solomon, the sales team manager at Haus & Haus real estate agency. "The demand for such high-end properties continues to surge. The fact that a launch can generate such frenzy underscores the sustained high demand."

According to Mr. Solomon, villas spanning up to 8,000 square feet were sold on Wednesday for approximately Dh20 million ($5.4 million). Additionally, 12,000 square-foot villas fetched prices ranging from Dh30 to Dh35 million, while plots went for between Dh25 and Dh30 million. He asserted that those in pursuit of contemporary luxury would be drawn to these residences.

"Many people are buying such villas on Palm Jumeirah and transforming them into a more contemporary style," added Mr. Solomon. "The master plan for Palm Jebel Ali indicates that the properties there will have a more modern feel, akin to Beverly Hills style. The era when traditional-style villas satisfied people's desires is behind us."

This project, initiated earlier this week, follows the unveiling of a new master plan for the Palm Jebel Ali development by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in June.

"We are thrilled to introduce Palm Jebel Ali to the market at this exciting juncture, with the island poised to play a transformative role in shaping the city's future and setting a global benchmark for waterfront living," said Rasha Hasan, Chief Commercial Officer of Nakheel, on Monday.

Nakheel's website stated, "The island will offer an enhanced waterfront lifestyle, expansive green spaces, and people-centric mobility, all while incorporating smart city technology to streamline transportation management." The company also mentioned that the island would feature over 80 hotels and resorts, along with a diverse array of unique shopping and dining options.