When will Cheval Residences be completed?

The completion date registered with the Dubai Land Department is March 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Cheval Residences is built?

0%, measured at the Land Department site inspection on 15 April 2026.

Who is building Cheval Residences?

The registered developer is Avenew Real Estate Development. It has 6 other projects under construction in Dubai.

Which bank holds the escrow account for Cheval Residences?

Dubai Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Cheval Residences construction progress

Cheval Residences is 0% built at the Land Department inspection of April 2026. Developer Avenew Real Estate Development. Completion registered for March 2029.

Built, at the Land Department site inspection of 15 April 2026

Completion date (Land Department): March 2029
Construction started: September 2026
Registered with the Land Department: April 2026
Developer: Avenew Real Estate Development
Units: 100
Escrow bank: Dubai Islamic Bank
Name in Arabic: شيفال ريزيدنسيز
Land Department project number: 4457
Land Department site inspections: 1

Schedule

The Land Department has inspected Cheval Residences once so far, which is not enough to measure a pace. A pace needs two inspections at least a month apart.

Site inspections

15 April 2026

All 2 site photos, by inspection date

Context

Avenew Real Estate Development has 7 projects under construction in Dubai, none past their registered completion dates.

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Questions

When will Cheval Residences be completed?: The completion date registered with the Dubai Land Department is March 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Cheval Residences is built?: 0%, measured at the Land Department site inspection on 15 April 2026.
Who is building Cheval Residences?: The registered developer is Avenew Real Estate Development. It has 6 other projects under construction in Dubai.
Which bank holds the escrow account for Cheval Residences?: Dubai Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.