Avenew Real Estate Development L.L.C

Avenew has moved quickly on Dubai Islands. Four buildings are live: Lia on Central Island, and Rena, Shoaq and Silena Residences on Shore Island, the beachfront resort island anchored by Rixos. Two of the Shore Island buildings, Rena and Shoaq, are already sold out, which tells you the demand for the location is real even for a developer without a long record.

The pricing sits at the upper end of the island. Rena traded at AED 2,895 per sq.ft, Shoaq at AED 3,150, Silena at AED 3,383 and Lia at the top at AED 4,121, all above the island median of AED 2,445. Entry prices run from about AED 2.3M on the sold-out Shore Island buildings up to AED 3.4M for Lia and Silena. So Avenew is not the value play here; you are paying for the Shore Island beachfront position on three of the four, and for a higher-spec proposition on Lia.

The payment plans are standard, 50/50 on Lia, Shoaq and Silena and 60/40 on Rena, so most of your money is committed by handover. Handovers span Q2 2027 for Rena out to Q2 2028 for Silena, which is a reasonable near-to-mid horizon.

Here is the part I will not dress up. Avenew has no completed towers on Dubai Islands to point to, so the handover dates are a promise, not a track record. When two of four buildings sell out that fast, it usually means the price was set to move quickly, which is good for the developer's cash flow and fine for you if the building lands on time, but it does mean you are underwriting a newer name at above-median prices. That combination needs the location or the specific unit to be genuinely worth it.

Who should look at Avenew. Buyers who specifically want a Shore Island beachfront address and are comfortable that the resort island has the committed infrastructure to support it. On Lia, buyers who want the higher-spec Central Island product and understand they are paying a top-quartile price for it. Everyone else should compare the number against a Nakheel Bay Grove unit on the same island before deciding the premium is worth an unproven developer.

Shoaq is priced from AED 2.3M at AED 3,150 per sq.ft. That is 29% above the Dubai Islands apartment median of AED 2,445, a gap of AED 705 per foot, which puts it in the top quarter of island pricing. On its 50/50 payment plan, that entry price splits into about AED 1.15M committed across construction and AED 1.15M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 150K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q4 2027, the building holds 78 units, sized 730 to 6,517 sq.ft, currently sold out. View the full listing →

Rena is priced from AED 2.6M at AED 2,895 per sq.ft. That is 18% above the Dubai Islands apartment median of AED 2,445, a gap of AED 450 per foot, which puts it in the upper half of island pricing. On its 60/40 payment plan, that entry price splits into about AED 1.56M committed across construction and AED 1.04M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 169K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q2 2027, the building holds 64 units, sized 898 to 3,973 sq.ft, currently sold out. View the full listing →

Lia is priced from AED 3.4M at AED 4,121 per sq.ft. That is 69% above the Dubai Islands apartment median of AED 2,445, a gap of AED 1,676 per foot, which puts it in the top quarter of island pricing. On its 50/50 payment plan, that entry price splits into about AED 1.7M committed across construction and AED 1.7M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 221K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q1 2028, the building holds 81 units, sized 825 to 5,610 sq.ft, currently selling. View the full listing →

Silena Residences is priced from AED 3.4M at AED 3,383 per sq.ft. That is 38% above the Dubai Islands apartment median of AED 2,445, a gap of AED 938 per foot, which puts it in the top quarter of island pricing. On its 50/50 payment plan, that entry price splits into about AED 1.7M committed across construction and AED 1.7M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 221K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q2 2028, the building holds 137 units, sized 1,005 to 6,798 sq.ft, currently selling. View the full listing →