AVENEW 888 – LOOM
Apartments

Avenew 888 – Loom

Avenew 888 – Loom is a contemporary residential development that forms part of a thoughtfully planned community designed to encourage connection, well-being, and modern urban living. The project consists of multiple mid-rise buildings with clean, modern façades and a strong architectural identity, creating a balanced environment that combines privacy with shared spaces. Carefully landscaped areas
Developer
Avenew Development
Project location
Madinat Al Mataar, Dubai
Launch
Q1 2026
Handover
Q2 2028
Payment plan
10% On Booking, 40% After Booking, 50% Upon Handover
Expected ROI
8
1 092 000 AED ≈ 294 840 USD

Loom is one phase of Avenew 888, a community of five mid-rise buildings arranged around a retail and leisure boulevard in the Residential District of Madinat Al Mataar. This phase holds 217 apartments and duplexes running from 1 to 3 bedrooms, between roughly 625 and 2,313 sq ft, with entry pricing near 900,000 dirhams. The buildings rise to 11 floors, which keeps the scale domestic rather than towering.

5 buildings, 217 homes

Homes carry floor-to-ceiling glazing, open-plan layouts and integrated smart home systems, with duplexes occupying the upper end of the size range. Spreading 217 units across 5 separate buildings rather than stacking them in one produces a different living pattern: fewer households share each lobby and lift core, the walk from a front door to open air is shorter, and the space between buildings becomes usable rather than residual. It also means amenities are distributed across the community rather than concentrated in a single podium, so establish which facilities sit in which building before choosing a unit.

The 4% nobody budgets for

The payment schedule here is set out unusually plainly: 10% at booking, 4 further installments of 10% through construction, and 50% at handover, with the Land Department fee of 4% and an administrative charge listed separately. That separation deserves attention, because it is the part international buyers most often miss. The 4% transfer fee is calculated on the purchase price, it is payable to the Dubai Land Department rather than to the developer, and it sits outside every headline figure. On a 900,000 dirham apartment that is 36,000 dirhams, due at registration. Add trustee office charges, title deed issuance and, where relevant, mortgage registration, and the true acquisition cost runs meaningfully above the advertised price. Budget for it at the start rather than discovering it at signing.

Madinat Al Mataar is several districts, not one place

Madinat Al Mataar covers around 145 square kilometres and is divided into functional districts: residential, business park, aviation, logistics, golf, commercial and the Expo site. People say Madinat Al Mataar as though it names a neighbourhood, but the district a building sits in determines almost everything about living there. This project is in the Residential District, the part planned for housing with schools, retail and parks rather than for warehousing or aviation support. That distinction matters when comparing prices across the wider area, because a lower figure elsewhere in Madinat Al Mataar may reflect a plot beside a logistics corridor rather than a genuine discount. Al Maktoum International sits under 8 kilometres away and Expo City around 9. Gorilla Real Estate can confirm which district a comparable listing actually occupies and compare like with like.

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Project location

Area
Dubai
Latitude
24.944201° N
Longitude
55.219511° E
Google Maps
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Key destinations

Dubai International Airport
DXB Airport

The world's busiest international airport — seamless global connectivity for residents and investors.

Burj Khalifa
Burj Khalifa

The world's tallest tower at 828 m — the defining icon and address benchmark of Downtown Dubai.

Atlantis, The Palm
Atlantis

The landmark resort at the crown of Palm Jumeirah — a world-class destination in its own right.

The Dubai Mall
Dubai Mall

The world's most-visited mall — 1,200+ stores, a giant aquarium, and iconic Dubai Fountain views.

Al Maktoum International Airport
Al Maktoum Airport

Dubai's future mega-airport set to become the world's largest, anchoring the Dubai South district.

Expo City Dubai
Expo City

Expo 2020's legacy district — a smart, sustainable urban community near Al Maktoum Airport.

Global Village
Global Village

A seasonal festival park with pavilions from 90+ countries, open October through April.

Ain Dubai
Ain Dubai

The world's tallest observation wheel at 250 m, with sweeping 360° views from Bluewaters Island.

About Madinat Al Mataar

Madinat Al Mataar is a large-scale development zone adjacent to Al Maktoum International Airport — the infrastructure project that will define southwest Dubai's long-term value trajectory. Off-plan residential and mixed-use projects here are priced at the earliest stage of that revaluation curve. For investors with a five-to-ten-year horizon, the entry argument mirrors what early buyers in Dubai Marina and Downtown experienced before those districts reached critical mass. Airport-adjacent residential has historically been among the strongest performing real estate categories globally as aviation hubs reach operational maturity.

Madinat Al Mataar

Nearby areas

Town Square
Town Square
5.8 km
Dubai South
Dubai South
6.5 km
Emaar South
Emaar South
7.3 km

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