Shamal Holding has unveiled Dubai Harbour Residences, its first residential property development in Dubai, offering investors and end-users a rare chance to own beachfront real estate at one of the emirate's most sought-after addresses. The collection of 345 apartments and penthouses is priced from AED 3.9 million, with handover targeted for Q4 2027.
What Is Dubai Harbour Residences?
Dubai Harbour Residences presents a beachfront selection of low-rise apartments spanning 1 to 4 bedrooms, ranging in size from 1,055 sq ft to 8,224 sq ft, plus a limited number of penthouses. Three low-rise residential buildings make up the development, each designed to maximise sea and city views.
Interior living areas are finished to a premium standard — above-average ceiling heights, expansive exterior balconies, and a nautical colour palette of deep blues and crisp whites with polished textures throughout. A private white-sand beach, swimming pools, a gym, yoga studio, steam room, sauna, treatment room, and a children's playground round out the amenities on offer.
Prime Location Between Palm Jumeirah and Bluewaters Island
The project is strategically situated at the intersection of Palm Jumeirah and Bluewaters Island, placing residents within easy reach of some of Dubai's most iconic attractions — Palm Jumeirah, Burj Al Arab, and Ain Dubai.
A new 1,500-metre bridge built in collaboration with the Roads and Transport Authority (RTA) will deliver direct entry and exit points to the district, cutting travel time to major roads from 12 minutes to just 3 minutes.
Dubai Harbour itself is home to the region's largest marina, with close to 700 berths accommodating yachts of up to 160 metres.
Shamal Holding's Long-Term Investment Strategy
Abdulla Binhabtoor, Chief Executive Officer of Shamal Holding, explained the project's alignment with the company's broader strategy: "Dubai Harbour Residences will create a new urban community in compliance with Shamal's investment management strategy of long-term investment in significant projects in and around Dubai as the city grows to accommodate a new population of international residents. Shamal remains dedicated to working alongside leading international partners to deliver a range of exceptional new build projects in line with the city's vision."
Nikken Sekkei and H&H Development
The project is being delivered through a partnership between Shamal Holding, internationally acclaimed Japanese architectural firm Nikken Sekkei, and leading Dubai developer H&H Development.
Miltos Bosinis, Chief Executive Officer of H&H Development, highlighted the significance of the collaboration: "H&H Development has completed nearly twenty years in constructing luxury projects and investing in the UAE. We are glad to be associated with Shamal Holding, and the cooperation will enable the realization of a project with ultra-modern architecture."
Investment Outlook
As of Q2 2024, the average annual return on investment for 1-bedroom units in Dubai Harbour stands at 5%, with starting rental rates from AED 120,000 per year. Property values are expected to increase by at least 15–20% upon project completion, and units may be resold at any stage of construction under the 60/40 payment plan (5% down payment).
Source: Arabian Business
