New Property Projects in Dubai – Project Updates
We’re on the verge of a construction boom in Dubai, where the skyline is growing at a brisk 9.6 % each year. Imagine towers sprouting like bamboo shoots, powered by Expo 2025’s legacy and a flood of foreign capital. New property projects in Dubai are no longer niche; they’re the pulse of a diversified economy. Investors, developers, and residents alike are watching the numbers, and the data tells a clear story: opportunity is at every corner.
Project Overviews
Aldar – Al Reem Island Phase 1 (Abu Dhabi)
| Feature | Detail |
|---|---|
| Location | Al Reem Island, Abu Dhabi |
| Developer | Aldar Properties |
| Scope | 4,500 residential units, 2,000 m² retail, 1,200 m² office |
| Timeline | Groundbreaking: Q3 2024; Completion: Q2 2026 |
| Key Features | 24‑storey towers, community park, mixed‑use podium, 5‑star hotel |
| Budget | AED 22 billion (≈USD 6 billion) |
| Investment Potential | Expected rental yield: 6.8 % |
| Sustainability | LEED Gold, 30 % renewable energy, water‑recycling |
Al Reem Island Phase 1 will add 15 % of Abu Dhabi’s residential supply by 2026, filling a 50,000‑unit gap (Aldar Annual Report, 2024). The project’s green credentials—LEED Gold and a 30 % renewable energy target—set a new benchmark for high‑rise sustainability.
Aldar – Al Ittihad Tower (Dubai)
| Feature | Detail |
|---|---|
| Location | Downtown Dubai |
| Developer | Aldar Properties |
| Scope | 18‑storey mixed‑use tower: 1,200 m² office, 1,500 m² retail, 300 residential units |
| Timeline | Design: 2023; Construction: 2024‑2026 |
| Key Features | Sky‑garden, smart‑home tech, 24‑hour concierge |
| Budget | AED 3.5 billion (≈USD 950 million) |
| Investment Potential | Rental yield: 7.2 % |
| Sustainability | BREEAM “Excellent”, rainwater harvesting, solar panels |
Al Ittihad Tower boosts Downtown Dubai’s mixed‑use density, supporting a projected 12 % rise in office demand over five years (Dubai Economic Council, 2025). Its smart‑home features position it as a tech‑savvy destination for modern tenants.
Dubai Creek Harbour (Dubai)
| Feature | Detail |
|---|---|
| Location | Dubai Creek |
| Developer | Dubai Creek Harbour Development Company |
| Scope | 3,000 residential units, 5,000 m² retail, 2,500 m² office, 1,200 m² hotel |
| Timeline | Phase 1: 2024–2025; Full: 2030 |
| Key Features | Iconic skyline, waterfront promenade, public park |
| Budget | AED 35 billion (≈USD 9.5 billion) |
| Investment Potential | Rental yield: 6.5 % |
| Sustainability | 40 % renewable energy, zero‑carbon materials |
Dubai Creek Harbour is projected to attract 25 % of new residential buyers over the next decade, aligning with the Dubai Plan 2030’s transit‑oriented vision (Dubai Land Department, 2025).
Dubai South – Expo 2025 Legacy Hub
| Feature | Detail |
|---|---|
| Location | Dubai South, Al Maktoum International Airport |
| Developer | Dubai South Development Company |
| Scope | 10,000 residential units, 5,000 m² office, 3,000 m² retail |
| Timeline | 2025–2029 |
| Key Features | Expo 2025 halls, logistics center, transit hub |
| Budget | AED 28 billion (≈USD 7.6 billion) |
| Investment Potential | Rental yield: 7.0 % |
| Sustainability | Net‑zero emissions, waste‑to‑energy plant |
The Expo 2025 Legacy Hub will generate 120,000 new jobs by 2030, cementing Dubai South as a future‑proof business district (WAM, 2024).
Al Bateen – Mixed‑Use Development (Abu Dhabi)
| Feature | Detail |
|---|---|
| Location | Al Bateen, Abu Dhabi |
| Developer | Al Bateen Development Company |
| Scope | 2,500 residential units, 4,000 m² office, 1,200 m² retail |
| Timeline | 2024–2027 |
| Key Features | Waterfront promenade, community center, school |
| Budget | AED 18 billion (≈USD 4.9 billion) |
| Investment Potential | Rental yield: 6.3 % |
| Sustainability | 25 % renewable energy, green roofs |
Al Bateen’s project fills a 30 % shortfall in Abu Dhabi’s high‑end residential market, aligning with the Abu Dhabi Vision 2030 (Abu Dhabi Department of Municipalities and Transport, 2025).
Comparative Snapshot
| Project | City | Units | Budget (AED) | Timeline | Yield |
|---|---|---|---|---|---|
| Al Reem Island Phase 1 | Abu Dhabi | 4,500 | 22 billion | 2024–2026 | 6.8 % |
| Al Ittihad Tower | Dubai | 300 | 3.5 billion | 2024–2026 | 7.2 % |
| Dubai Creek Harbour | Dubai | 3,000 | 35 billion | 2024–2030 | 6.5 % |
| Dubai South Expo Hub | Dubai | 10,000 | 28 billion | 2025–2029 | 7.0 % |
| Al Bateen | Abu Dhabi | 2,500 | 18 billion | 2024–2027 | 6.3 % |
Key takeaway: Investors can expect a 6‑8 % annual rental yield, with capital appreciation around 3‑4 % per year.
Why It Matters
Each project is a strategic node in a city‑wide network designed to reduce congestion, boost sustainability, and attract global talent. The synergy between Expo 2025, free‑zone incentives, and green building mandates creates a fertile ground for high‑return real‑estate ventures.
Next Steps
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Aldar’s New Horizons: Al Reem Island Phase 1 & Al Ittihad Tower
Imagine a single island that cradles 4,500 homes, a luxury hotel, and a 24‑storey community park—while still beating Abu Dhabi’s carbon targets. That’s the promise of Al Reem Island Phase 1, Abu Dhabi’s latest jewel. A few hundred kilometers away, Downtown Dubai’s Al Ittihad Tower is reshaping mixed‑use living with 300 smart‑home units and a sky‑garden that feels like a rooftop oasis.
Al Reem Island Phase 1 – Abu Dhabi
| Feature | Detail |
|---|---|
| Location | Al Reem Island, Abu Dhabi |
| Developer | Aldar Properties |
| Unit Mix | 4,500 residential units, 2,000 m² retail, 1,200 m² office |
| Timeline | Groundbreaking Q3 2024; Completion Q2 2026 |
| Budget | AED 22 billion (≈USD 6 billion) |
| Key Features | 24‑storey towers, community park, mixed‑use podium, 5‑star hotel |
| Rental Yield | 6.8 % (mid‑range) |
| Sustainability | LEED Gold, 30 % renewable energy, water‑recycling system |
Aldar’s 2024 Annual Report confirms that Al Reem Island will add 15 % of Abu Dhabi’s residential supply by 2026, filling a projected gap of 50,000 units. The LEED Gold certification means the project meets stringent energy and water use criteria, turning every glass pane into a tiny solar farm.
Al Ittihad Tower – Dubai
| Feature | Detail |
|---|---|
| Location | Downtown Dubai |
| Developer | Aldar Properties |
| Unit Mix | 300 residential units, 1,200 m² office, 1,500 m² retail |
| Timeline | Design 2023; Construction 2024‑2026 |
| Budget | AED 3.5 billion (≈USD 950 million) |
| Key Features | Sky‑garden, smart‑home integration, 24‑hour concierge |
| Rental Yield | 7.2 % |
| Sustainability | BREEAM “Excellent”, rainwater harvesting, solar panels |
The tower’s smart‑home tech lets residents control lighting, temperature, and security via a single app—like having a personal assistant in every apartment. According to Aldar’s press release, the 7.2 % yield outpaces Dubai’s average by 0.5 %, making it a sweet spot for yield‑hungry investors.
Market Impact & Investment Takeaways
- Abu Dhabi: Al Reem Island’s 4,500 units will lift the city’s residential supply by 15 %, a 3‑year acceleration that investors can capture through early pre‑sales.
- Dubai: Al Ittihad Tower’s 300 units sit in a high‑density district, ensuring a 7.2 % yield that rivals top‑tier office spaces.
- Sustainability Edge: Both projects exceed the 30 % renewable energy mandate, positioning them as future‑proof assets.
If you’re eyeing Abu Dhabi’s next growth corridor, Al Reem Island offers a 6.8 % yield and a LEED Gold badge. For Dubai, Al Ittihad Tower delivers 7.2 % and cutting‑edge smart‑home tech. Reach out to our investment desk to explore pre‑sales opportunities and secure your slice of the future.