Aldar, Dubai Holding expand JV with AED 38 bn in new developments: Abu Dhabi-based developer Aldar and Dubai Holding added two land plots to their Dubai portfolio, with a total value of AED 38 bn, according to an ADX disclosure (pdf). The two have been partners since 2023, with the tie-up bringing in AED 21.5 bn worth of sales to date.

More details: The expansion comes as part of their JV, and will add 14k homes to their portfolio. Aldar will manage the end-to-end development cycle — from design and sales to construction and management — bringing its total Dubai development pipeline to over 2.3 mn sqm.

The locations: The first new project is a 4 mn sqm community located opposite Nad Al Sheba — featuring a mix of villas, townhouses, and apartments — slated for launch in 2026. The second project, scheduled for 2027, will be an ultra-luxury waterfront development on Palm Jebel Ali spanning 250k sqm.

IN CONTEXT- This development follows Aldar’s recent move to expand its land bank portfolio to the tune of AED 23 bn in a JV in Abu Dhabi with an established partner, without specifying who it was. The new plots will be located on Abu Dhabi’s Saadiyat Island, as well as on and next to Yas Island.

The playing field in Dubai: The Aldar-Dubai Holding real estate expansion will bring online much-needed supply for Dubai’s real estate scene, after only 59% of projects were delivered on time last year. Capital values are also slated to increase further this year, as occupancy remains high, with villas in particular accounting for only 36% of the incoming pipeline.

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