Prime Highlight
- Aldar and Dubai Holding expanded their strategic partnership, adding two major land plots to develop residential projects worth over AED 38 billion.
- The new developments will deliver nearly 14,000 homes, reinforcing both firms’ role in shaping Dubai’s long-term urban growth.
Key Facts
- The first project, a 4 million square meter family-focused community near Nad Al Sheba, is planned for launch in 2026, while an ultra-luxury Palm Jebel Ali project will begin sales in 2027.
- Since late 2023, the joint venture has recorded AED 21.5 billion in sales, with Aldar’s Dubai development pipeline now exceeding 2.3 million square meters of new gross floor area.
Background
Aldar and Dubai Holding expanded their strategic joint venture and added two large land plots in Dubai. They will use the land to build new residential projects worth more than AED 38 billion ($10.38 billion). The projects will deliver nearly 14,000 new homes and will strengthen both companies’ role in shaping Dubai’s long-term growth.
The expanded partnership builds on a landmark 2023 agreement and takes a key step in Aldar’s growth in Dubai. It also supports Dubai Holding’s strategy to unlock value from its land bank while delivering large-scale, high-quality communities across the emirate.
The first project will rise along Dubai’s eastern growth corridor, opposite Nad Al Sheba. Spread across around 4 million square meters, the family-focused community will include apartments, townhouses, and villas. Aldar plans to launch the project in 2026.
The second development will rise on Palm Jebel Ali and will offer ultra-luxury waterfront living. It will take up nearly 250,000 square meters and offer homes, both branded and regular, with direct beach access. The developer plans to start sales in 2027. Palm Jebel Ali is a key part of the Dubai 2040 Urban Master Plan and will anchor a new growth area in Jebel Ali.
As with earlier phases, Aldar will manage the full development cycle for both projects, including design, sales, construction, and long-term management.
Aldar said the expansion strengthens its development pipeline in Dubai to more than 2.3 million square meters of new gross floor area. Since late 2023, the joint venture has recorded sales of AED21.5 billion, reflecting strong investor demand and confidence in Dubai’s real estate market.
