Aldar, Dubai Holding announce next phase of strategic partnership

Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.

The expanded partnership, which was inaugurated in 2023, marks a significant milestone in Aldar’s continued growth in Dubai, following the successful launches of its first communities in the emirate, including Haven, Athlon and The Wilds.

It also further advances Dubai Holding’s strategy to unlock value from its strategic land bank and deliver world-class communities across the emirate.

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.

With approximately 4 million sqm of land, the project is targeted for launch in 2026.

The second plot, located on Palm Jebel Ali, will serve as an ultra-luxury waterfront development featuring branded and non-branded residences.

Covering almost 250,000 sqm of gross floor area, the project will offer a premier lifestyle experience with direct beach access and homes will launch for sale in 2027.

Forming a key component of the Dubai 2040 Urban Master Plan, Palm Jebel Ali, boasting over 90 km of beachfront, will set a new global benchmark in waterfront living and anchor a major new growth corridor in the Jebel Ali area.

Similar to the previous agreement, Aldar will be responsible for the full development cycle of both projects, including concept design, sales, delivery, and management of the developments.

"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," said Talal Al Dhiyebi, Group Chief Executive Officer at Aldar.

Amit Kaushal, Group Chief Executive Officer at Dubai Holding, added: "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.

"The scale and momentum of this collaboration also underscore the strong demand and confidence in the real estate market in Dubai, and our shared belief in its continued growth as a global hub for living, investment and opportunity."

Since the inception of the Aldar-Dubai Holding partnership in late 2023, the joint venture has seen robust sales performance and strong investor demand, with sales totalling AED 21.5 billion to date.

Dubai continues to represent a significant target market for Aldar and serves as a key growth engine in the company’s long-term diversification and growth plans.

Aldar and Dubai Holding expand strategic joint venture with AED 38 billion in new developments in Dubai. The next phase of the partnership will include almost 14,000 new homes across two projects: a family-oriented community on the D54 growth corridor opposite Nad Al Sheba and a… pic.twitter.com/WHxZc7CWDc

— Dubai Media Office (@DXBMediaOffice) February 6, 2026