Shoaq

1. Is it on schedule?0% built in July 2026 against a October 2027 handover: 100% left to build in 15 months · DLD project register, Jul 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 4,225/sqft over 2 off-plan sales; too few sales to compare4,225Context
4. Is it selling?Off-plan sales are counted across a project’s published towers, and this one has none yetNo record
5. Who is building it?Avenew, licence no. 1511Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

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 2025

Configuration

Residential Buildings comprising of 78 Residential units (1BHK=49, 2BHK=14, 3BHK=10, Townhouses 3BHK=4 Penthouse=1)

Construction progress is the percentage DLD recorded in its project register as of July 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 12 Oct 2026.

When will Shoaq be completed?

The developer registered handover for October 2027, 15 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Shoaq cost per square foot?

AED 4,225 per sqft, the median of 2 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 19.40M.

Is Shoaq 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 July 2026.

Who is the developer of Shoaq?

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 July 2026.

How many units does Shoaq have?

78 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.