More than 350 investors in Nakheel’s Palm Jebel Ali have signed a petition urging the developer to reschedule their payment plans because their villas will be ready four years late.

While land reclamation on the development, the second of Nakheel’s Palm trilogy, is complete and infrastructure work is under way, construction of the villas is yet to begin.

Investors were told in January the handover of property had been changed to 2012, having initially been scheduled for last June.

The National