Dubai Islands Luxury Project Opens Second Phase After Rapid Sell-Out

2026-11-02 companies

Dubai, Tuesday, 3 November 2026.
Casa Vista Development launched phase two of its AED 350 million AQUORA project on 3 November 2026, driven by intense investor demand that sold out the first phase before launch.

Second Phase Launch Follows Record-Breaking Sell-Out

Casa Vista Development has officially opened phase two of its AED 350 million luxury residential project, AQUORA, on Dubai Islands as of 3 November 2026 [1]. The announcement comes just days after phase one was completely sold out ahead of its official unveiling at Madinat Jumeirah Arena on 28 October 2026, an event attended by more than 800 guests [1]. The rapid sell-out of phase one, which included 105 residences alongside six waterfront retail spaces and over 20 amenities such as a 22-metre rooftop infinity pool, underscores the intense demand for high-end properties in Dubai’s burgeoning luxury market [1].

Project Scale and Timeline

AQUORA is being developed on a 4,645.15 m² (50,000 sq. ft.) plot with a total built-up area of 22,482.43 m² (242,000 sq. ft.) [1]. The project’s handover is currently scheduled for the first quarter of 2028, though this timeline remains subject to confirmation [alert! ‘status pending as per source’]. Abdul Basit, Chairman of Casa Vista Development, emphasized the significance of the sell-out, stating, ‘AQUORA’s Phase 1 sell-out reflects the trust buyers have placed in us. With Phase 2 now available, we remain focused on quality, lasting value, and growing Casa Vista Development’s portfolio in Dubai’ [1].

Strategic Positioning in Dubai’s Evolving Real Estate Market

The launch of AQUORA’s second phase aligns with Dubai’s broader efforts to attract international capital and high-net-worth investors, further diversifying the emirate’s economic base beyond traditional sectors [GPT]. Casa Vista Development, founded by a family with experience in trading, commodities, logistics, construction, and real estate since 2012, has strategically expanded its property investments in Dubai and international markets since 2015 [1]. This positioning is critical as Dubai continues to solidify its reputation as a global hub for luxury living and investment.

Investor Sentiment and Future Prospects

The overwhelming response to AQUORA’s first phase has set a positive tone for the project’s future. Abdul Basit added, ‘The success of AQUORA’s first phase is encouraging, but it is only one part of our plans for Dubai. We want Casa Vista Development to be recognised for thoughtful projects, strong construction standards, and the confidence we build with our customers’ [1]. The company’s commitment to quality and lasting value appears to resonate strongly with investors, particularly as Dubai Islands’ infrastructure and amenities continue to develop [GPT].

Sources

Real estate Dubai development