Aldar, Dubai Holding unveil Dh38 billion expansion with 14,000 homes
Developments align with Dubai 2040 Urban Master Plan ambitions
DUBAI – Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver nearly 14,000 new homes with a combined gross development value (GDV) exceeding Dh38 billion.
The partnership, first launched in 2023, marks a significant step in Aldar’s expansion in Dubai, following successful community launches including Haven, Athlon, and The Wilds.
It also strengthens Dubai Holding’s strategy to unlock value from its strategic land bank and deliver world-class destinations across the emirate.
New communities
The first plot, located along Dubai’s eastern growth corridor opposite Nad Al Sheba, will be an active, family-oriented community featuring apartments, townhouses, and villas. Spanning approximately 4 million sqm of land, the project is set to launch in 2026 and aims to provide residents with a dynamic lifestyle focused on wellness, connectivity, and community engagement.
The second plot, on Palm Jebel Ali, will be an ultra-luxury waterfront development, offering both branded and non-branded residences. Covering nearly 250,000 sqm of gross floor area (GFA), the project promises a premier lifestyle experience with direct beach access. Homes are expected to launch for sale in 2027. Palm Jebel Ali, featuring over 90 km of beachfront, forms a key component of the Dubai 2040 Urban Master Plan and is poised to set a new global benchmark in waterfront living while anchoring a major growth corridor in Jebel Ali.
Strategic development
Aldar will oversee the full development cycle for both projects, including concept design, sales, delivery, and long-term management. Talal Al Dhiyebi, Group CEO of Aldar, said: “Our extended partnership with Dubai Holding represents the next chapter of Aldar’s strategic expansion in Dubai, ensuring a sustainable pipeline of developments to support long-term growth. Through this partnership, we are strengthening our footprint in one of the world’s most dynamic real estate markets while offering a wider choice of lifestyle communities that reflect the evolving aspirations of residents and investors alike.”
Amit Kaushal, Group CEO of Dubai Holding, added: “This expanded partnership with Aldar reflects our long-term commitment to supporting the Dubai 2040 Urban Master Plan and the D33 Agenda through the development of well-planned, future-ready communities across the emirate. As a strategic land owner, we are unlocking the value of our land bank by working with leading partners to deliver high-quality destinations that meet the evolving needs of residents, businesses, and investors.”
Investor confidence
The expansion brings Aldar’s total Dubai development pipeline to over 2.3 million sqm of new GFA. The initial phase of the joint venture saw exceptional demand, highlighted by rapid sell-out launches and strong interest from first-time Aldar buyers. The ongoing collaboration underscores both companies’ commitment to enhancing Dubai’s real estate landscape and delivering sustainable growth through lifestyle and investment-led developments that prioritise wellness, sustainability, and integrated community living.
Since the inception of the Aldar–Dubai Holding partnership in late 2023, sales have reached Dh21.5 billion, reflecting robust investor demand. Dubai remains a key growth engine in Aldar’s diversification strategy, supporting revenue expansion and consolidating the company’s market position across the UAE.