Aldar Properties and Dubai Holding have expanded their strategic partnership to deliver nearly 14,000 new homes across Palm Jebel Ali and Nad Al Sheba, reinforcing confidence in Dubai’s long-term residential growth and urban vision.
Key Highlights:
- The expanded joint venture will deliver close to 14,000 new residential units in Dubai.
- Total development value exceeds Dh38 billion across two prime land plots.
- One project will be a family-oriented community near Nad Al Sheba, featuring apartments, townhouses, and villas.
- The Nad Al Sheba community is planned for launch in 2026 along Dubai’s eastern growth corridor.
- The second project will be a luxury waterfront development on Palm Jebel Ali.
- Palm Jebel Ali homes will include branded and non-branded residences with direct beach access.
- Sales for the Palm Jebel Ali development are expected to begin in 2027.
- Aldar will oversee the full development lifecycle, including design, construction, sales, and long-term asset management.
- The agreement strengthens Aldar’s development pipeline in Dubai to over 2.3 million sq m of gross floor area.
- Since the partnership began in 2023, the joint venture has achieved Dh21.5 billion in property sales.
- The developments align with Dubai’s long-term urban expansion and waterfront growth plans.
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