About HRE Development

The company dates itself to 1993, which makes it older than most names selling off-plan in Dubai today. For its first three decades it built for other people.

The published record is 340 completed construction projects and 12,000 families housed across the Emirates. That is a contracting record, not a developer record, and the distinction matters when you are judging risk.

The move into selling its own homes is recent. Six projects are in the market now, and the first handover happened in 2026.
The company motto is Building with Purpose. In March 2026 it contributed AED 100 million to the UAE Mother of the Nation Endowment for Orphans.

This is the number that separates HRE from most Dubai developers, and it is worth reading twice.

Skyhills Residences 1 began handover in April 2026, six months ahead of its scheduled date. In a market where late delivery is the normal complaint, early delivery on a first project is unusual.

One early handover is not a pattern. It is one data point. But it is a verifiable one, and it is the only delivery evidence this developer currently has.

The Skyhills Astra figure of 47.07 percent was recorded against a Dubai Land Department site inspection dated 30 July 2026. A developer publishing a DLD-verified percentage to two decimal places is being unusually specific.

Skyhills Residences 1 reached the high eighties before handover began. No construction figure has been published for Celeste or Sakura Gardens.

Three projects are still available for purchase directly from the developer, while three have moved to resale-only listings. A seventh project, Wadi Hills in Wadi Al Safa, Dubai Land, has been named but has not yet been priced.

Launch prices tell you what the developer wanted. Resale listings tell you what the market will pay. Here is the difference.
Skyhills Residences 1 launched from AED 617,777. It now carries 95 active resale listings, priced between AED 739,500 and AED 2.1 million.

Unit sizes there run from 446 to 1,321 square feet. The average sale price across Dubai Science Park listings is AED 1,343,513, on an average size of 864 square feet.

So the cheapest resale unit sits roughly 20 percent above the original launch figure. For an early buyer that is a gain. For a buyer entering now it means the discount is gone.

The two communities holding most of the HRE portfolio are performing differently, and the gap is worth considering before choosing between them.

Dubai Science Park is the smaller and tighter market, with fewer buildings and transactions but faster annual price growth. Jumeirah Village Circle is much larger and more liquid, recording more than three times the transaction volume but roughly half the annual growth rate.

If resale speed and buyer depth matter most, JVC offers the deeper market. If recent price appreciation matters more, Dubai Science Park has performed better over the past year.

The honest entry number is not the headline price. It is the down payment plus the government fee.

The cheapest unit is AED 617,000 at Skyhills Residences 3. The down payment is 20 percent, which is AED 123,400.

The Dubai Land Department registration fee is 4 percent of the purchase price, adding AED 24,680.

So the realistic amount needed to open a position with this developer is around AED 148,000, before agency, mortgage or furnishing costs.

At the top of the range, Celeste at AED 1,650,000 requires roughly AED 396,000 on the same basis.

The plans here are staged in four parts rather than the usual two or three, which spreads the cost differently.

20/30/10/40
Used at Skyhills Residences 1 and Skyhills Residences 3. Twenty percent on booking, 30 percent through construction, 10 percent at a later milestone and 40 percent at handover.

20/15/25/40
Used at Skyhills Astra. A 20 percent booking amount with the balance spread across three later stages.

10/50/40
Used at Sakura Gardens. The lightest booking amount in the portfolio at 10 percent, with 50 percent falling due during construction.

Skyhills Residences 2 carries two plan options. Across the portfolio the booking amount runs from 10 to 20 percent.

The buyer who cares about delivery above everything. A first project handed over six months early, and a construction percentage published against a Dubai Land Department inspection, are the two things most developers will not give you.

The buyer with AED 148,000 to commit. That opens a AED 617,000 one-bedroom at Skyhills Residences 3.

The buyer who wants to see the finished product first. Skyhills Residences 1 is handed over and has 95 units listed on the resale market, so the building can be viewed before committing elsewhere.

The buy-to-let investor in JVC. With 15,491 transactions in twelve months, this is one of the most liquid apartment markets in Dubai.

The buyer wanting a waterfront address. Celeste at Al Jaddaf Waterfront is the only project in the portfolio that offers one.

Villa and townhouse buyers. Every project in the portfolio is apartments.

Buyers wanting a long developer track record. The construction history goes back to 1993, but the record of selling and handing over its own homes starts in 2026. Those are different things.

• Buyers hunting a launch discount at Skyhills Residences 1. That window has closed. The cheapest resale listing sits about 20 percent above the launch price.
• Buyers who need a prime address. Dubai Science Park, JVC, Al Jaddaf and Falcon City are mid-market communities, not Downtown or Palm Jumeirah.
• Buyers who need keys before 2027. Only the Skyhills Residences projects are at or near handover, and two of the three are resale only.
• Buyers who want full disclosure on every project. No construction percentage is published for Celeste or Sakura Gardens.