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Cheval Residences

Dubai Islands · AVENEW

Project factsheet

Storeys 8
Units in the building 99
Developer AVENEW
Status Under construction
District Dubai Islands
Layouts 1, 2 and 3 bedrooms
Handover Q1 2029

Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.

Developer prices

These are the starting prices as of the date shown, not today's list: off-plan they are revised several times a year, and more often upwards than down.

Payment plan
50/50
Handover
Q1 2029
Developer
AVENEW

Figures come from the developer's own materials sent to brokers, dated 23 April 2026. The commentary behind them is written up in the Russian version of this page.

Floor plans

Floor plans from the developer's own materials. The areas and the unit split on them were correct when the drawing was issued — check them against the plan attached to the contract before the deal.

About the building

8-storey residential building in Dubai Islands, currently under construction. Developer — AVENEW.

Specifications for Cheval Residences as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.

About the project

Cheval Residences is an 8-storey residential building in Dubai Islands, handover is due Q1 2029.

The developer is AVENEW.

The building holds 99 apartments in total. Layouts, according to the sales-launch announcement — 1, 2 and 3 bedrooms.

No lots from this project are in our database today. It is topped up every night, so listings for the building can turn up on any day.

Ninety-nine residences on Dubai Islands managed by British operator Cheval Collection: G+7 plus roof, 85 meters from the water, handover announced for Q1 2029.

Who the operator is, and what that changes

Cheval is a British serviced-apartment operator, based in London, with more than 35 years in the business: fully equipped apartments in premium locations, hotel-level service. The broker placed it between Marriott and Four Seasons — that's their read on the segment, not an official classification.

For a buyer of a branded residence, what matters isn't the name on the building but the management agreement: who maintains the building, at what rates, what's included in service, and on what terms you can rent the apartment out through the operator. All of that is in the documents, not the announcement.

The developer is AVENEW. The building is announced at 99 units, G+7 with a usable rooftop: a low-rise club format, not a tower.

Launch prices and terms

At launch: one-bedrooms AED 2.8–4 million, two-bedrooms AED 5.1–7 million, three-bedrooms AED 8–14 million. Payment plan 50/50 — half during construction, half on handover. The service charge is announced at AED 35–38 per square foot per year.

The service charge deserves separate attention here: AED 35–38 is the level of a branded building with hotel-style service, and it eats a noticeable share of the yield in a return calculation. Calculate after it, not before.

Three days after launch, the building was described as 70% sold. That's the selling side's own claim, not a developer report; with claims like this it's worth asking how many lots — and of which types — are actually still available right now.

Location

Dubai Islands is Dubai's last major island development, and its waterfront cluster is still forming. Direct beach access 85 meters away is a strong position within the island.

The flip side is the same as for the whole island: neighboring plots will keep being built for years after this building is handed over, and what looks like the surroundings on the render will be a construction site by 2029.

Number of units, storeys, distance to water, launch prices, payment plan and service charge — developer materials from the sales launch dated 23 April 2026. Operator Cheval Collection and developer AVENEW — from the same announcement; the segment assessment and sales figure are the announcement author's own words.

Where it is

The pin is placed by district — I send the exact address on request.

Nothing in the stock for this project right now

Listings for Cheval Residences do not turn up every day. Message me — I will check the closed bases and suggest similar options nearby, in Dubai Islands.

Ask about this project
Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2029 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

Ask on WhatsApp

Frequently asked about Cheval Residences

Who is the developer of Cheval Residences?

AVENEW.

How many floors does Cheval Residences have?

8. The building has 99 apartments.

When is Cheval Residences handed over?

The sales-launch announcement says Q1 2029. The date in the contract for a particular unit can differ — I check it before the deal.

What layouts are there in Cheval Residences?

1-bedroom, 2-bedroom and 3-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.

Where is Cheval Residences?

Dubai Islands. The reclaimed islands off Deira, formerly Deira Islands: beaches, hotels and new residential on the northern coast.

How much does an apartment in Cheval Residences cost?

Our database has no open listings for Cheval Residences at the moment. I will check the price of the layout you want against the closed databases and send it together with the deal costs.

In the news

What has been written about the building, its developer and Dubai Islands

Where this project stands today

I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.

Ask a question

Telegram is the fastest way — I answer personally.

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