Nearly 14,000 New Homes to be Delivered Across Two Major Projects Including Palm Jebel Ali
Abu Dhabi, UAE – 6 February 2026 — Leading UAE real estate developer Aldar has announced the expansion of its strategic joint venture with Dubai Holding, adding two new high-value development plots in Dubai. The expansion will deliver almost 14,000 new residential units with a combined gross development value (GDV) exceeding AED 38 billion, marking one of the most significant real estate development announcements in the region this year.
This latest agreement builds upon a highly successful partnership launched in 2023, which resulted in rapid sell-out launches of Aldar’s first Dubai residential communities, including Haven, Athlon, and The Wilds.
With this next phase, the joint venture further strengthens both companies’ long-term commitment to Dubai’s rapidly expanding real estate market and aligns closely with the Dubai 2040 Urban Master Plan.
Two New Mega Projects: Family Community + Ultra-Luxury Waterfront Development
The expanded partnership will introduce two major developments across Dubai, targeting both family-driven communities and high-end luxury waterfront living.
1. Family-Oriented Community on the D54 Growth Corridor
The first plot is located along Dubai’s eastern growth corridor, directly opposite Nad Al Sheba, an area that is increasingly becoming a major residential hotspot.
This new community will focus on active family living and will include:
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Apartments
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Townhouses
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Villas
The development spans approximately 4 million square meters of land and is expected to be launched in 2026.
2. Ultra-Luxury Waterfront Residences at Palm Jebel Ali
The second plot is located on the highly anticipated Palm Jebel Ali, which is set to redefine luxury waterfront living in Dubai.
This project will feature:
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Branded residences
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Non-branded luxury homes
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Direct beach access
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Premium lifestyle amenities
Covering almost 250,000 sqm of gross floor area (GFA), the luxury waterfront project is planned for a 2027 sales launch.
Palm Jebel Ali is considered a key pillar of the Dubai 2040 Urban Master Plan and is expected to become one of the most iconic waterfront destinations globally, offering over 90 km of beachfront and establishing a major new growth corridor in the Jebel Ali area.
Aldar to Lead the Full Development Cycle
Under the terms of the joint venture, Aldar will take responsibility for the complete development process of both projects, including:
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Concept design
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Planning and development execution
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Sales strategy and marketing
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Delivery and handover
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Long-term management of the communities
This approach mirrors the structure of the original partnership agreement, ensuring consistency, efficiency, and quality delivery.
Leadership Comments: Strengthening Dubai’s Global Real Estate Position
Talal Al Dhiyebi, Group CEO of Aldar, stated:
“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.”
He also highlighted that the scale of this collaboration reflects continued investor confidence and strong demand within Dubai’s property market, reinforcing the emirate’s position as a global hub for living, investment, and opportunity.
Aldar’s Dubai Development Pipeline Crosses 2.3 Million sqm of GFA
The announcement further strengthens Aldar’s growing presence in Dubai, bringing its total Dubai development pipeline to more than 2.3 million square meters of new gross floor area (GFA).
This expansion also builds on the success of the joint venture’s first phase, which saw exceptional demand driven by:
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Rapid sell-out launches
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High investor confidence
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Strong interest from first-time Aldar buyers
AED 21.5 Billion Sales Achieved Since 2023 Partnership Launch
Since the launch of the Aldar–Dubai Holding joint venture in late 2023, the collaboration has achieved outstanding results, with total sales reaching approximately AED 21.5 billion to date.
Dubai remains one of Aldar’s most important growth markets and is now positioned as a major driver of the company’s long-term diversification strategy across the UAE.
Supporting Dubai’s Vision for Sustainable Growth and Smart Communities
The expanded partnership also reflects both companies’ alignment with Dubai’s long-term development priorities, focusing on:
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Wellness-based community planning
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Sustainability and smart living
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Integrated lifestyle infrastructure
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Balanced residential and investment offerings
This approach supports Dubai’s broader transformation into a global city offering future-ready communities for residents, investors, and international buyers.
Final Thoughts
The expanded joint venture between Aldar and Dubai Holding represents a major step forward in shaping Dubai’s next generation of residential developments. With almost 14,000 new homes, AED 38 billion in GDV, and iconic projects planned in prime locations including Palm Jebel Ali, this partnership is set to play a key role in Dubai’s continued real estate boom and urban evolution through 2040.