Aldar and Dubai Holding Expand Joint Venture with $10.38bn in New Dubai Developments

By Faheem • Tue Feb 10 2026

Aldar and Dubai Holding have expanded their landmark joint venture by adding two major land plots in Dubai. These new developments will deliver nearly 14,000 homes with a total gross development value (GDV) of more than AED 38 billion.

Launched in 2023, the partnership marks an important step in Aldar’s growth in Dubai, following the successful launch of communities such as Haven, Athlon, and The Wilds. It also supports Dubai Holding’s strategy to unlock value from its land bank and deliver high-quality communities across the emirate.

The first land plot, located along Dubai’s eastern growth corridor opposite Nad Al Sheba, will be a family-focused community offering apartments, townhouses, and villas. Spanning around 4 million square metres, the project is expected to launch in 2026.

The second plot, located on Palm Jebel Ali, will be an ultra-luxury waterfront development featuring branded and non-branded homes. Covering nearly 250,000 square metres of gross floor area, the project will offer direct beach access and a premium lifestyle experience, with sales planned for 2027. As part of the Dubai 2040 Urban Master Plan, Palm Jebel Ali aims to set a new global standard for waterfront living and create a major new growth corridor in the Jebel Ali area.

As with previous agreements, Aldar will manage the entire development process for both projects, including design, sales, delivery, and long-term management. Talal Al Dhiyebi, Group CEO of Aldar, said the expanded partnership strengthens the company’s long-term growth plans in Dubai and supports a steady pipeline of future developments. He added that the collaboration allows Aldar to offer a wider range of lifestyle communities that meet the changing needs of residents and investors.

Amit Kaushal, Group CEO of Dubai Holding, said the partnership reflects Dubai Holding’s commitment to supporting the Dubai 2040 Urban Master Plan and delivering future-ready communities. He noted that working with strong partners like Aldar helps unlock land value while meeting growing demand in Dubai’s real estate market.

With this expansion, Aldar’s total development pipeline in Dubai now exceeds 2.3 million square metres of gross floor area. The joint venture has already seen strong demand, rapid sell-outs, and high interest from new Aldar customers. Since its launch in late 2023, the partnership has generated AED 21.5 billion in sales, highlighting strong investor confidence.

The expanded collaboration reinforces both companies’ commitment to sustainable growth, wellness-focused communities, and Dubai’s long-term vision as a global hub for living, investment, and opportunity.