AVENEW888 LOOM is a 661-unit scheme in Dubai South with 219 recorded Dubai Land Department purchases in 2026 — about 33% of the building — at a median AED 1,026,000 and AED 1,429 per square foot, from a lowest recorded purchase of AED 863,380. Escrow is open, completion filed for 2028-03-31.
The project is located in Madinat Al Mataar, Dubai South, Dubai. The surrounding area functions as a residential area and shows active buyer and rental demand. It is better suited to medium to long-term residential demand than short-term speculation.
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AVENEW888 LOOM exterior

AVENEW888 LOOM Handover Date & Prices

Avenew Real Estate Development • Madinat Al Mataar, Dubai South, Dubai • Handover 31 March 2028 (DLD registered)

AED 863.4K starting

Handover
31 March 2028
Developer
Avenew Real Estate Development
AI snapshot
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Recorded 2026 sales 219

Key signal

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Median price paid AED 1,026,000

Key signal

✨
Median per sqft AED 1,429

Key signal

Starting price AED 863.4K
Handover 31 March 2028 DLD registered
Median paid / sqft AED 1,429
Est. gross yield not modelled see recorded prices
Location Madinat Al Mataar, Dubai South, Dubai

AVENEW888 LOOM Payment Plan

Handover 31 March 2028 (DLD registered) · DLD register: 31 March 2028
Built so far 1.6% complete in the DLD register, 22 Sep 2026

If the marketed date and the date in your sale agreement differ, the contract governs — get it in writing before you pay.

Payment plan details have not been published for this project yet.

What Actually Sold at AVENEW888 LOOM

What buyers actually paid, from Dubai Land Department records. Data as of 22 Sep 2026.

Recorded sales 223
Median price paid AED 1,026,000 +19% vs the AED 863,380 advertised entry price — the advertised figure is the smallest unit, so most buyers pay well above it
Median price per sqft AED 1,429
Most-bought size 1 B/R 162 of 223 sales where the size was recorded

Buying pace through the year

148 Mar
37 Apr
3 May
18 Jun
8 Jul
5 Aug
4 Sep

What buyers bought

Unit sizeSalesShare
1 B/R 162 73%
2 B/R 58 26%
3 B/R 3 1%

What the DLD register records

Registered units661
Escrow account Open — units may lawfully be sold
Registered completion 31 Mar 2028 — marketed as 31 March 2028 (DLD registered)
Construction progress1.63% complete

Where the registered completion date and the marketed handover date differ, the date in your sale agreement is the one that governs. Get it in writing.

Source: Dubai Land Department, 2026. Medians move as more sales register, and do not separate developer sales from resales.

Own a unit here? See what it is worth from these sales → · Search every Dubai off-plan sale →

Before You Pay: Check AVENEW888 LOOM Against the DLD Register

Marketing material is written by the seller. The Dubai Land Department register is not. These are the facts filed with the government for this project — escrow status, unit count, construction progress and the completion date on record. Free, no email needed.

AVENEW888 LOOM Handover Date & Construction Progress

What the Dubai Land Department register records for AVENEW888 LOOM as of 15 October 2026: how far it is built, the completion date filed with the DLD, and whether the escrow account is open. We track buildings registered or due to complete in 2026; phases outside that window are not listed.

Avenew888-loom Escrow open
1.6% built · completion filed for 31 Mar 2028

The completion date that binds the developer is the one in your sale agreement (SPA) or Oqood. If it differs from the DLD filing above, ask why before you pay. What the escrow rules require →

Dubai project status tracking: see every project on the DLD register, how much is built and how it has moved →

Property Overview

Type Apartment
Purpose For sale
Completion Off-plan
Developer Avenew Real Estate Development
Ownership Freehold
Handover date 31 March 2028 (DLD registered)
Usage Residential

AVENEW888 LOOM unit types & floor plans

UnitFromShare of recorded sales
1 Bed Apartment AED 863,380 73%
2 Bed Apartment – 26%
3 Bed Apartment – 1%

Share of 223 Dubai Land Department sales in 2026 where the unit size was recorded — the layout most people bought is the one you will compete with at resale. Floor plans: not published in a form we can verify — ask the developer for the plan of your exact unit and floor before you commit.

AVENEW888 LOOM Location & Master Plan

Metro Planned / nearby stations
Roads Key Dubai arterial roads
Nearby Dubai Mall, DXB Airport, Creek Marina

Amenities & Facilities

Dubai South location Swimming pool Gymnasium Landscaped grounds Covered parking Retail on ground floor Freehold ownership 24/7 security

Is AVENEW888 LOOM a good investment? Our view

A one-bedroom-led Dubai South scheme at AED 1,429 per square foot, around 33% sold, with escrow open and a near-term completion filed for 2028-03-31.

Who it suits

Suited to buyers who want a low Dubai South entry price without buying a studio, and who value a 2028 handover ahead of the 2029 supply peak. Poorly suited to anyone who needs an established developer or a district that is already built out.

For investors

Two things genuinely support this. The completion date is 2028-03-31, which is ahead of the 2029 peak when the bulk of current Dubai registrations land — you reach the letting market before the largest wave rather than inside it. And the unit mix avoids the studio glut entirely: one-bedroom apartments lead the record with no studios sold at all, which is unusual for Dubai South at AED 1,429 per square foot.

The qualifications are the developer, the district and the remaining supply. Avenew Real Estate Development has no long completed record to inspect. Dubai South took roughly a quarter of all Dubai off-plan purchases this year, so district-level competition at handover is heavy regardless of your unit type.

And with about 33% sold there are still hundreds of units in this building alone to be absorbed. Verify the escrow account number with the Land Department before transferring.

If you will live there

For an owner-occupier this is a one- or two-bedroom apartment at a low price with a relatively near-term handover of 2028-03-31. The trade-offs are the district — Dubai South is car-dependent with no metro and still filling in — and a developer without a long record you can inspect.

FAQs

What do buyers actually pay at AVENEW888 LOOM?

The Dubai Land Department records 219 purchases in 2026 at a median of AED 1,026,000, or AED 1,429 per square foot. The lowest recorded purchase was AED 863,380 and the highest AED 2,546,000. Prices paid, not asked.

Does AVENEW888 LOOM have studios?

Not a single studio appears in the 2026 recorded sales. One-bedroom apartments lead by a wide margin, with a solid block of two-bedrooms and a few three-bedrooms. That matters because studios are Dubai's most oversupplied segment and Dubai South carries a lot of that supply.

When does AVENEW888 LOOM hand over?

Completion is filed with the Land Department for 2028-03-31, with construction at 0.04% as of 31 August 2026. That is ahead of the 2029 peak when the bulk of current Dubai registrations complete, which means reaching the letting market before the largest wave.

How much of AVENEW888 LOOM is still available?

About 33% has sold — 219 recorded purchases against 661 units — so roughly two-thirds remains. That gives you genuine choice of floor and aspect, and it also means substantial supply still competing with you in the same building.

Who is the developer?

Avenew Real Estate Development, a smaller name without a long record of completed buildings. Your protection is the escrow account and the contract rather than a delivery history you can inspect.

Does AVENEW888 LOOM have an open escrow account?

Yes, on the Land Department register with 661 units. Escrow is the legal gate before units may lawfully be sold. Confirm the account number with the Land Department on the day you transfer and pay into that account only.

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Data & accuracy: Figures on this page are compiled from Dubai Land Department open data, developer materials and market sources, and can change without notice. Prices, payment plans, handover dates and availability must be verified directly with the developer or a RERA-licensed broker before you commit to anything. Nothing here is financial advice or an offer to sell. Spotted something wrong? Tell us and we'll correct it. Last updated 13 Oct 2026.

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