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About Shoaq Residences
Shoaq Residences is a boutique collection of around 78 homes by Avenew Development on Dubai Islands, spanning one- to three-bedroom apartments, penthouses and townhouses.
Entry pricing is quoted at roughly AED 2.3 million, most often on a 50/50 structure split between construction and handover.
Handover is listed for Q4 2027, with one brokerage citing late October 2027.
Payment
Payment plan
50/50 — 50% during construction, 50% on handover
At a glance
Shoaq Residences key facts
- Developer
- Avenew Development
- Community
- Dubai Islands
- Status
- Under construction
- Handover
- Q4 2027
- Starting price
- AED 2.3M
- Total units
- 78
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom, Penthouse, Townhouse
- 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 2.3M. 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 Shoaq Residences
- 01
Shortlist and reserve
Choose a unit type and view at Shoaq 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 Q4 2027), 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
- Intimate, low-density address
- Penthouse and townhouse options
- Island waterfront setting
What to weigh
- Sources differ on the plan (50/50 vs 20/40/40)
- Handover cited as Q3 or Q4 2027
- Newer developer with a limited track record
FAQ
Shoaq Residences — frequently asked questions
What is the starting price of Shoaq Residences?
Published pricing at Shoaq Residences starts from AED 2.3M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Shoaq Residences?
Shoaq Residences is scheduled for handover in Q4 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Shoaq Residences?
50/50 — 50% during construction, 50% on handover
Who is the developer of Shoaq Residences?
Shoaq Residences is developed by Avenew Development in Dubai Islands, Dubai.
What unit types are available at Shoaq Residences?
Shoaq Residences offers 1 Bedroom, 2 Bedroom, 3 Bedroom, Penthouse, Townhouse across 78 units.
Where is Shoaq Residences located?
Shoaq Residences is in Dubai Islands, Dubai.
Can foreigners buy at Shoaq Residences?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at Shoaq Residences outright.
Does buying at Shoaq Residences qualify for the UAE Golden Visa?
Units at Shoaq Residences start at AED 2.3M, 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 Shoaq Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 92K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Shoaq Residences?
MRK Real Estate advises on primary purchases and resales at Shoaq 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 2026-11-01. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Avenew Development before any transaction.
