The 88 two- to six-bedroom residences, including single-story properties and duplexes, will be located at The Crescent on The Palm and designed by architects Bjarke Ingels Group (BIG).

The complex will be located on a site between Anantara Dubai Palm Island Resort and the Waldorf Astoria Dubai Palm Jumeirah, in partnership with Ellington Properties and Sol Properties - the real estate development arm of the Bhatia Group.

A statement released today to Dubai Financial Markets (DFM) said the project marks the arrival of Northacre, Shuaa's London-based real estate arm, in the region.

It will be the third Palm Jumeirah development for Ellington Properties, the company behind Ellington Beach House and The Ellington Collection.

Shuaa announced in July that it was merging its real estate business with U.K.-based Northacre to develop a $3.6 billion portfolio of projects in the U.K. and the Gulf Cooperation Council.

Northacre was acquired in 2013 by Abu Dhabi Financial Group, which merged with Shuaa Capital in 2021.