Meraas Launches Phase 7 of Nad Al Sheba Gardens with 272 Units at a Cost of AED 1 Billion for 2028 Handover

Meraas Group announced the launch of Phase 7 of the Nad Al Sheba Gardens project in Dubai, comprising 272 residential units divided between villas and townhouses, with a total investment of AED 1 billion, scheduled for handover in 2028.

Nad Al Sheba Gardens is considered one of the most prominent horizontal residential communities in Dubai, having witnessed strong demand from buyers in its previous phases where units sold out in record time amid growing demand for spacious horizontal housing.

This phase comes at a time when the villa and townhouse market in Dubai is experiencing sustained demand, particularly from families and residents who prefer larger units away from the density of high-rise areas.

Meraas Group continues to expand its residential portfolio as part of a strategic plan aimed at enhancing the supply of horizontal units across multiple areas in Dubai, supporting the emirate's efforts to diversify available housing models for various segments.

This step indicates that major developers are maintaining the momentum of project launches despite a slight decline in average housing prices, as they bet on continued pent-up demand and the constant influx of new residents as key market drivers.