Aldar and Dubai Holding have expanded their real estate joint venture with the acquisition of two major land plots in Dubai that will deliver nearly 14,000 new homes, with a combined gross development value exceeding AED38 billion.
A 4 million square metre site opposite Nad Al Sheba will be developed as a family-oriented community featuring apartments, townhouses and villas, with the project targeted for launch in 2026. The second plot, located on Palm Jebel Ali, will comprise an ultra-luxury waterfront development with branded and non-branded residences across 250,000 square metres of gross floor area, with sales set to commence in 2027.
The expansion supports Dubai’s 2040 Urban Master Plan and strengthens Aldar’s Dubai development pipeline, reflecting sustained demand and long-term confidence in the emirate’s residential real estate market.
Gulf Economist Staff Writer