«ALA Real Estate Development» Construction work begins on the «Havensia» project in Dubai

ALA Real Estate Development Company «ALAD» announced the start of construction work on its residential project «Havencia» in Dubailand Residence Complex, following the laying of the foundation stone for the project, which includes 286 residential units, in the company’s second project in the Emirate of Dubai, in a move that reflects its plans to expand in the UAE and regional real estate market.

The project is scheduled to be completed during the second quarter of 2028, and is being built on a land area of about 34,057 square feet, and includes a group of studios and one- and two-bedroom apartments.

Hassan Reda, Chairman of the Board of Directors of «ALA Real Estate Development», said: «Havensia» represents a new milestone in the company’s journey and a step within its vision to build a strong and reliable real estate development company in the UAE and the region. He added that the company aims to reach a value of one billion dollars over the next five years, and to implement no less than 30 projects in the UAE and the Middle East.

The foundation stone laying ceremony was held on October 1, in the presence of a number of investors, real estate brokers, company employees and guests, with the participation of Abbas Sayed Zulfikar, Chairman of the Alliance, Zaman Abbas, CEO, and Mohammed Haidar, son of the Chairman of the Board of Directors.

«Havensia» represents the company’s second project in Dubai after «Creek Views» in Al Jaddaf Waterfront, which includes 108 residential units and is scheduled to be delivered during the first quarter of 2027.