Abu Dhabi - Mubasher: Aldar Properties and Dubai Holding expanded their joint venture (JV) after adding two land plots in Dubai that will deliver 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.

Located along Dubai’s eastern growth corridor opposite Nad Al Sheba, the first plot will be a family-oriented community featuring apartments, townhouses, and villas, according to a press release.

With approximately 4 million square meters of land, the project is expected to be launched in 2026.

Meanwhile, 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 square meters of gross floor area (GFA), the project will offer a premier lifestyle experience with direct beach access, and homes will launch for sale in 2027

Talal Al Dhiyebi, Group CEO at Aldar, said: “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 at Dubai Holding, commented: “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.”

Kaushal 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.”

Since the inception of the Aldar–Dubai Holding partnership in late 2023, the JV has witnessed robust sales performance and strong investor demand, with sales totaling AED 21.50 billion to date.

Earlier this month, Aldar and Mubadala Investment Company launched a JV to develop a premier retail platform that will anchor the next phase of Abu Dhabi’s evolution.