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About Cheval Residences
Cheval Residences is a branded waterfront serviced-residence project on Dubai Islands by AVENEW Development, developed with Wadeen Developers and operated by Cheval Collection following an April 2026 announcement.
One-bedroom homes start around AED 2.8M, two-bedrooms from about AED 5.1M; three-bedroom pricing is quoted anywhere from AED 8.3M to AED 13.4M. The plan is 50/50 with 10% on booking and 40% in six construction instalments.
Handover is scheduled for Q1 2029, with a DLD record showing March 2029.
Pricing
Published pricing by configuration
As published by the sources listed at the foot of this page. Developer pricing changes between releases — confirm before relying on any figure.
Payment
Payment plan
50/50 — 10% on booking, 40% during construction, 50% on handover
At a glance
Cheval Residences key facts
- Developer
- AVENEW Development
- Community
- Dubai Islands
- Status
- Launched
- Handover
- Q1 2029
- Starting price
- AED 2.8M
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom
- Payment plan
- 50/50
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 2.8M. Amounts scale with the unit you choose.
At this price the purchase meets the AED 2M threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Cheval Residences
- 01
Shortlist and reserve
Choose a unit type and view at Cheval Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
AVENEW Development issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q1 2029), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Cheval Collection hospitality branding
- Serviced residence operating model
- 50% payable on handover
What to weigh
- Three-bedroom pricing conflicts across sources
- Branded serviced residences carry higher service charges
- Developer partnership is newly formed
FAQ
Cheval Residences — frequently asked questions
What is the starting price of Cheval Residences?
Published pricing at Cheval Residences starts from AED 2.8M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Cheval Residences?
Cheval Residences is scheduled for handover in Q1 2029. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Cheval Residences?
50/50 — 10% on booking, 40% during construction, 50% on handover
Who is the developer of Cheval Residences?
Cheval Residences is developed by AVENEW Development in Dubai Islands, Dubai.
What unit types are available at Cheval Residences?
Cheval Residences offers 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is Cheval Residences located?
Cheval Residences is in Dubai Islands, Dubai.
Can foreigners buy at Cheval Residences?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at Cheval Residences outright.
Does buying at Cheval Residences qualify for the UAE Golden Visa?
Units at Cheval Residences start at AED 2.8M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at Cheval Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 112K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Cheval Residences?
MRK Real Estate advises on primary purchases and resales at Cheval Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with AVENEW Development before any transaction.
