Dubai’s real estate landscape is set for significant transformation with a landmark development agreement between Aldar Properties and Dubai Holding. The partnership, first launched in 2023, will now introduce two major residential projects targeting different market segments.
The first project will be a comprehensive family-focused community located on Dubai’s eastern growth corridor, opposite Nad Al Sheba. This development will feature a diverse range of residential options including apartments, townhouses, and villas, with sales expected to launch in 2026.
The second project represents a luxurious waterfront development on Palm Jebel Ali, offering branded and non-branded homes with direct beach access. Sales for this premium project are anticipated to commence in 2027.
Talal Al Dhiyebi, group chief executive of Aldar, emphasized that this expanded partnership will support the company’s long-term growth strategy in Dubai. The agreement brings Aldar’s total development pipeline in the emirate to over 2.3 million square metres of gross floor area.
Amit Kaushal, group chief executive of Dubai Holding, noted that the deal reflects the strong demand in Dubai’s property market and aligns with the city’s comprehensive long-term development plans.
Since their partnership began in late 2023, the joint venture has already recorded impressive property sales of Dh21.5 billion, demonstrating the robust investor interest in Dubai’s real estate sector.
This strategic expansion highlights Dubai’s continued attractiveness as a prime real estate investment destination, with developers focusing on creating diverse, high-quality residential communities.
For more insights into Dubai’s evolving property landscape, explore our comprehensive guide on buying off-plan properties in Dubai.
