AVENEW Development: Dubai South homes, Dubai Islands brands and Motor City offices

AVENEW Development at a glance

Registered with the Dubai Land Department as Avenew Real Estate Development L.L.C; Kora Avenew Properties L.L.C.

Founded in 2024: AVENEW and the partners it builds with

AVENEW describes itself as founded and born in Dubai in 2024, co-founded by Rasha Hassan, who signs its releases as managing partner. Its partners so far:

• Al Masaood National General Contracting, main contractor for Avenew888 (Gulf News, 19 January 2026).
• Hilton: Waldorf Astoria Dubai Islands, 150 rooms and suites and 120 branded residences, no opening year given (Hilton, 27 January 2026).
• Cheval Collection and Wadeen Developers: Cheval Residences Dubai Islands, 99 apartments, completion anticipated in 2029 (Cheval Collection, 20 April 2026).
• KORA Properties: O1NE District beside the Dubai Autodrome in Motor City, six commercial towers starting with the office tower DAWN (Khaleej Times partner content, 8 July 2026).
• Marriott International: The St. Regis Residences at Dubai Islands, then The Ritz-Carlton Residences on The World Islands, with sales planned from 2027 (Khaleej Times partner content, 20 July 2026).

What the DLD has registered for AVENEW, entry by entry

The developer file counts seven AVENEW projects with 1,346 units. NAHY can name four for certain; Cheval Residences carries the Avenew label in the 2026 register. Construction is from the last inspection:

AVENEW has no finished project in the DLD data, and none of its dated projects had passed its declared completion by 29 October 2026. Two counts differ: AVENEW announced 217 homes for MODO against 224 DLD units, and Cheval 99 apartments against 100. NAHY works with the DLD figure.

Avenew888 in Dubai South: Modo first, Loom second

MODO, launched in July 2025 with apartments and duplexes, is the first of three phases of AVENEW 888, a five building community near Al Maktoum International Airport. Loom followed in the register on 6 January 2026 with 661 units. NAHY's Avenew888 page covers both in detail.

In the DLD data, Loom had 225 sales between October 2025 and September 2026, third among the ten Dubai South Residential District projects in NAHY's DLD data, and at least 433 of its units had no registered sale by 29 October 2026; Modo had at least 41. The district recorded 3,277 sales in the same twelve months, 69.0% off-plan. NAHY checks Loom and Modo availability with AVENEW.

Dubai Islands and The World: registered or only announced

On Dubai Islands, three AVENEW projects have a DLD entry: Silena Residences (137 units, sixth of 21 Palm Deira projects in NAHY's DLD data by sales from October 2025 to September 2026), Lia (82) and Cheval Residences (100). The Waldorf Astoria residences, The St. Regis Residences, Rena on the Dubai Islands beachfront and The Ritz-Carlton Residences on The World Islands have been announced by AVENEW and its partners, but none of them appears under its own name in the DLD data NAHY uses.

Before any booking, NAHY checks the DLD project number, the escrow account named for that project, the company on the sale contract (Avenew Real Estate Development L.L.C or the KORA joint venture) and the declared completion date. A branded residence with no project number yet is an expression of interest, not a registered purchase.

Projects by AVENEW Development on NAHY

• Avenew888
  Dubai South

AVENEW Development: questions buyers ask

Is AVENEW Development a trustworthy developer?

On the DLD record: it is developer 1511, its four dated home projects pay into Dubai Islamic Bank escrow, and none had passed its declared completion by 29 October 2026. Founded in 2024, it has no finished project yet.

Who founded AVENEW Development?

AVENEW says it was founded in Dubai in 2024 and co-founded by Rasha Hassan, its managing partner.

Is Avenew888 the same company as AVENEW Development?

Avenew888 is AVENEW's Dubai South community; its buildings Modo and Loom are filed under Avenew Real Estate Development L.L.C.

Which AVENEW projects are on Dubai Islands?

Silena Residences, Lia and Cheval Residences are in the DLD register. Waldorf Astoria Residences, The St. Regis Residences and Rena have been announced but do not appear under their own names in NAHY's DLD data.

When will AVENEW hand over its first project?

Avenew888 Modo has the earliest date declared to the DLD, 15 March 2028, and was 21.21% built at the last inspection in the data to 29 October 2026. Loom follows on 31 March 2028.

Does AVENEW sell offices?

Its office project is O1NE District Dawn, the first tower of the joint venture with KORA Properties in Motor City, registered on 6 July 2026 with 71 units and a completion declared for 31 January 2030. NAHY asks AVENEW and KORA which office units they can offer.

How do I get AVENEW's price list and payment plan?

Message NAHY on WhatsApp at +971 55 650 7737 with the project you want; the current price list and payment plan arrive there.

Sources

• DLD project register, entries 3828 (Avenew888 Modo), 4293 (Avenew888 Loom), 3808 (Silena Residences), 4195 (Lia) and 4446 (O1ne District Dawn), data to 29 October 2026, read 12 November 2026
• DLD register of projects registered from 1 January to 29 October 2026 (Loom, Cheval Residences, O1NE District Dawn), read 8 November 2026
• DLD developer data and transactions, data to 29 October 2026
• AVENEW Development releases on Zawya (MODO launch, St. Regis Residences, Waldorf Astoria, Rena), read 12 November 2026; contract award, Gulf News, 19 January 2026
• Hilton release, Waldorf Astoria Dubai Islands, 27 January 2026; Cheval Collection release, Cheval Residences Dubai Islands, 20 April 2026
• AVENEW partner content, Khaleej Times: O1NE District, 8 July 2026; The Ritz-Carlton Residences, 20 July 2026