UAE's two real estate giants to develop new development worth over 1.5 trillion yen in Dubai

On February 6, Aldar Properties, a major Abu Dhabi real estate developer, and Dubai Holding, a government-affiliated holding company, announced a significant expansion of their joint venture. The plan is to supply approximately 14,000 homes in two strategic locations in Dubai, with a gross development value (GDV) expected to exceed AED 38 billion (approximately JPY 1.52 trillion).

The first plot is located along Dubai's eastern growth corridor on a site of approximately 4 million square meters, where family-oriented apartments and villas will be built. Sales are scheduled to begin in 2026. The second plot is an ultra-luxury waterfront development on the Palm Jebel Ali, with a total floor area of ​​approximately 250,000 square meters. Luxury residences with direct access to the beach will be built, with sales scheduled to begin in 2027.

Alder will be responsible for the planning, sales, construction and operation of both projects.

© WAM