Avenew888-Loom

1. Is it on schedule?2% built in November 2026 against a March 2028 handover: 98% left to build in 16 months · DLD project register, Nov 20262%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 1,429/sqft, 13.9% below the Dubai South off-plan median across 83 projects−13.9%Context
4. Is it selling?228 off-plan sales registered in the last 12 months, of 640 units; the latest on 22 Oct 2026228Context
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 pending 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

Dubai Aviation City Corporation

Registered start

April 2026

Configuration

B+G+P+11+R Commercial & Residential 5 Buildings Composed Of 640 Residential Units: - 22 Commercial Shops - 308 1 BHK - 276 2 BHK with 22 Units Duplex - 56 3BHK With 27 Units Duplex

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 Avenew888-Loom handed over?

The developer registered handover for March 2028, 16 months after DLD’s latest record, and the project was 2% 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 Avenew888-Loom?

Avenew888-Loom was 2% 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 Avenew888-Loom?

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 Dubai Aviation City Corporation. Dubai Land Department project register as of November 2026.

What does Avenew888-Loom cost per square foot?

AED 1,429 per sqft, the median of 228 registered off-plan sales in the 12 months to 2 Nov 2026; the median unit sold for AED 1.03M. That is 13.9% below the Dubai South off-plan median across 83 projects.

Is Avenew888-Loom 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 Avenew888-Loom have?

640 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 November 2026.