Leading Abu Dhabi developer 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) of more than AED38 billion ($10.3 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 4 million sq m of land, the project is targeted for launch this year. The second plot, located on Palm Jebel Ali, will serve as an ultra-luxury waterfront project featuring branded and non-branded residences. 

Covering almost 250,000 sq m 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. 

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.

Aldar will be responsible for the full development cycle of both projects, including concept design, sales, delivery, and management of the developments. This brings its total Dubai development pipeline to over 2.3 million sq m of new GFA.