Shoaq Residences: A New Address on Dubai Islands
Avenew Properties is developing Shoaq Residences on Dubai Islands, a waterfront cluster off the Deira coast in northern Dubai. Construction started in October 2025 and handover is scheduled for October 2027. Buyers entering now are purchasing off-plan with a full two-year build cycle ahead.
Living in Dubai Islands
Dubai Islands sits north of Deira, connected to the mainland by Al Ittihad Road. That road feeds into Deira City Centre, Dubai International Airport, and the older commercial districts. Buyers who work in Deira or travel frequently through DXB will find the address practical. For residents tied to Downtown Dubai, Business Bay, or Dubai Marina, the commute runs 30 to 40 minutes in moderate traffic.
The area is in active development. Residential projects and local infrastructure are going up in parallel, which means the neighborhood around Shoaq Residences will look different by the time handover arrives in 2027. Buyers are entering a location that is still finding its shape.
Entry at AED 2.31M, Top at AED 4.62M
The entry point is AED 2,309,000 for a one-bedroom apartment at 730 square feet, roughly AED 3,160 per square foot. A two-bedroom at 1,398 square feet carries a price of AED 4,615,000, approximately AED 3,300 per square foot. Moving from the one-bedroom to the two-bedroom nearly doubles both the floor area and the price, so the cost per square foot stays broadly consistent across those two sizes.
The development also includes three-bedroom apartments at 2,424 square feet, three-bedroom townhouses at 4,702 square feet, and a five-bedroom penthouse at 6,517 square feet. The buyer at the entry end gets a compact apartment in an emerging waterfront zone. The buyer at the high end gets a large-format private residence within a managed development.
Five Formats: Apartments, Townhouses, Penthouse
| Type | Bedrooms | Size (sq ft) |
|---|---|---|
| Apartment | 1 | 730 |
| Apartment | 2 | 1,398 |
| Apartment | 3 | 2,424 |
| Townhouse | 3 | 4,702 |
| Penthouse | 5 | 6,517 |
The one-bedroom suits an investor or single occupant after a compact unit on a waterfront island. Two and three-bedroom apartments work for couples and small families. The townhouses at 4,702 square feet and the penthouse at 6,517 square feet serve buyers who want scale within a managed development, with shared amenities on hand.
What the Amenities Say About the Project
| Category | Amenities |
|---|---|
| Fitness & Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor & Leisure | Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor pool is the most distinctive item on this list. Dubai's summer heat makes outdoor pools impractical for much of the year, so an enclosed pool offers year-round usability. The on-site restaurant adds practical convenience in an area where the surrounding dining options are still limited. The full amenity set - fitness, outdoor recreation, children's facilities, food, and security - targets permanent residents and families rather than short-term occupants.
Two Years to Handover
Construction began in October 2025. Handover is targeted for October 2027. Buyers entering now start at the beginning of the build cycle, with just under two years until delivery. For an off-plan purchaser, that means two years of construction installments before the unit is available to occupy or rent.
Getting in for 10%
| Milestone | Payment Share |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| Handover | 50% |
The 10% down payment keeps the initial outlay low. On the entry unit at AED 2,309,000, that comes to approximately AED 230,900 upfront. Construction-phase payments cover 40%, spread across the build period. The remaining 50% falls due at handover, with no post-handover installment plan. The structure concentrates the largest single payment at key collection.
