Cheval Residences
Off-Plan

Cheval Residences

From AED 2.82M·Handover Mar 2029·10% down payment Payment
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AED 2.82M
Starting Price
Mar 2029
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Cheval Residences is a joint venture by AVENEW Development and WADEEN Developers, situated in the Dubai Islands district. The development offers a serviced hotel residence format that adheres to strict five-star hospitality standards. The building's architecture is founded on linear geometry and balanced proportions. The structure comprises a ground floor, seven residential levels, and a rooftop. The project features one-, two-, and three-bedroom residential units. The exterior design blends natural wood, champagne-toned metal accents, dark hues, and expansive glazing, while integrated greenery on the terraces softens the building's overall silhouette. Particular attention has been given to service infrastructure. Residents enjoy access to an infinity pool, fitness center, spa with sauna, concierge services, 24/7 security, housekeeping, and travel arrangement services. The lifestyle here is centered on relaxation, ensuring complete privacy and tranquility. Within walking distance or a short drive, you'll find Dubai Islands Golf Course, Oasis Park, Jumeirah Peninsula Marina Shopping Mall, Burj Al Arab, Dubai Mall, DIFC, and Dubai International Airport—all just minutes away by a comfortable commute or a leisurely stroll.

Project Specifications
DeveloperAVENEW Development
LocationDubai Islands
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 121,640 / year
Cash-on-Cash
2.2%
Levered cashflow AED 28,613
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 183,235 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Cheval Residences launch basis3,132AED 2.82MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from AVENEW Development.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Cheval Residences — 1 Bedroom Floor Plan

Amenities & Lifestyle

Bar
Beach Access
Concierge Service
Housekeeping Services
Infinity pool
Landscape Open Areas
Leisure areas
Lift
Lobby
Parking
Pool Deck
Private Lounge
Recreational areas
Resting Areas
SPA
Sauna
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone
Sunken Garden
Walking paths

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Cheval Residences by AVENEW Development

02

Located in Dubai Islands

03

Starting from AED 2,819,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Mar 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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