FromAED 11M
Avenew Properties
Avenew is a new, privately owned Dubai developer that began launching projects in 2024, though its DLD developer registration dates from November 2022. It was founded by Rasha Hassan, who spent close to two decades in banking and in real estate roles at Emaar, Nakheel and Dubai Holding, and its managing partner is Issam Galadari, Director and CEO of Ithra Dubai, whose career includes senior roles at the Investment Corporation of Dubai and, per the company's own material, chief executive of Emaar Properties. It has 17 projects on the DLD register, concentrated on Dubai Islands, Dubai South and Motor City - a large pipeline for a company this young, and one that is still almost entirely pre-construction.
8Live projects
3Communities
AED 800KStarting price
Oct 2027Earliest handover
Not established. Its DLD developer registration, no. 1511, is dated November 2022, while its first project launches date from 2024; no founding year is stated on the company's own site.Founded
About the developer
What Avenew builds
Off-plan apartments in two tiers, plus a branded-residence pipeline. On Dubai Islands, mid-to-upper waterfront buildings: Lia from about AED 2.2 million, Shoaq from about AED 2.3 million, Cheval Residences from about AED 2.8 million, and Rena and Silena from about AED 4 million. In Dubai South, more affordable mid-market apartments: Modo at Avenew 88 from about AED 800,000 and Avenew 888 from about AED 1.6 million. It has also announced branded residences with Marriott (The Ritz-Carlton Residences on The World Islands, from about AED 11 million, and The St. Regis Residences on Dubai Islands), Hilton (Waldorf Astoria Dubai Islands) and Cheval Collection, and the AED 6 billion O1NE District commercial scheme of six towers in Motor City with Kora Properties.
There is no delivery record yet. Avenew has not handed over a completed project in Dubai, and only Avenew 888, Silena and Lia are recorded as under development, with the rest planned. Its earliest listed completions are Q4 2027, with most scheduled for 2028 and the Ritz-Carlton Residences not until Q2 2030. The senior team's experience is substantial but it was earned at Emaar, Nakheel, Dubai Holding and Ithra Dubai rather than at Avenew, so nothing can honestly be said yet about this company's own handover reliability or build quality. Treat it as a first-cycle developer: confirm the project is registered with the DLD, that payments go to the project escrow account, and check the registered completion date rather than the marketing date.
Private. Registered as Avenew Real Estate Development LLC and marketed as both Avenew Properties and Avenew Development. Rasha Hassan is named as Founder on the company's site and as Managing Partner in press coverage; Issam Galadari is Managing Partner. The O1NE District scheme runs through a joint venture with Kora Properties, founded by Nilesh Ved. · Founded Not established. Its DLD developer registration, no. 1511, is dated November 2022, while its first project launches date from 2024; no founding year is stated on the company's own site.
Known for
The Ritz-Carlton Residences, The World IslandsAvenew 888 and Modo at Avenew 88 (Dubai South)Silena Residences (Dubai Islands)Lia Residences (Dubai Islands)O1NE District, with Kora Properties (Motor City)
AED 800KEntry price
Where they build
