Cheval Residences

1. Is it on schedule?0% built in November 2026 against a March 2029 handover: 100% left to build in 28 months · DLD project register, Nov 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي الاسلامي (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 4,230/sqft, 52.2% above the Dubai Islands off-plan median across 112 projects+52.2%Context
4. Is it selling?42 off-plan sales registered in the last 12 months, of 100 units; the latest on 27 Oct 202642Context
5. Who is building it?Avenew, licence no. 1511Context

Escrow agent

بنك دبي الاسلامي (شركة مساهمة عامة)

Developer, as licensed

AVENEW REAL ESTATE DEVELOPMENT L.L.C (no. 1511)

Master developer

Nakheel

Registered start

September 2026

Configuration

Cheval Residences comprising of 99 Residential units (1BHK=60, 2BHK=31, 3BHK=8) and 1 retail unit (restaurant)

Construction progress is the percentage DLD recorded in its project register as of November 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 2 Nov 2026.

When is Cheval Residences handed over?

The developer registered handover for March 2029, 28 months after DLD’s latest record, and the project was 0% built as of November 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of November 2026.

How far along is construction of Cheval Residences?

Cheval Residences was 0% built as of November 2026, the Land Department’s recorded progress, not a developer claim. Dubai Land Department project register as of November 2026.

Who is the developer of Cheval Residences?

AVENEW REAL ESTATE DEVELOPMENT L.L.C, licence no. 1511, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of November 2026.

What does Cheval Residences cost per square foot?

AED 4,230 per sqft, the median of 42 registered off-plan sales in the 12 months to 2 Nov 2026; the median unit sold for AED 4.61M. That is 52.2% above the Dubai Islands off-plan median across 112 projects.

Is Cheval Residences in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of November 2026.

How many units does Cheval Residences have?

100 registered units. Dubai Land Department project register as of November 2026.