Dubai, UAE — Dubai developer OMNIYAT appointed Innovo Build LLC, part of the Innovo Group, as the main contractor for The Alba, Dorchester Collection, Dubai. The appointment comes after the project’s global launch at the Monaco Yacht Show in September 2024. Innovo Build holds experience from constructing three OMNIYAT developments on Palm Jumeirah: AVA at Palm Jumeirah, ORLA, and ORLA Infinity Dorchester Collection, Dubai.
Peter Stephenson, Co-Managing Director of OMNIYAT, said: “At OMNIYAT, we partner only with the finest global talent across architecture, design, hospitality, and construction to ensure that every living experience we create delivers an unrivalled standard of excellence. Our collaboration with Innovo reflects this commitment. Exceptional progress is already underway on three of our ultra-luxury residences on Palm Jumeirah, and we are confident their expertise will support us in delivering The Alba to our clients by 2028.”
Construction Shifts to Vertical Phase
Innovo Build began mobilizing on site at The Alba Palm Jumeirah project, moving the work from groundwork toward vertical construction. Raft foundation activities will start in December 2025, allowing the structure to rise from its base. The site’s foundations progressed with diaphragm wall and capping beam works now finished, creating a solid base for the upcoming towers.
Excavation continues in tandem with support system installation, as piling operations advance methodically across the area. Residential sections and parts of the landscaped zones expect handover to Innovo Build in the fourth quarter of 2025. OMNIYAT stated the project adheres to its 2028 timeline, highlighting a focus on precise delivery of luxury developments.
Luxury Market Surge Provides Context
Dubai’s luxury property sector saw transactions for properties priced at AED 10 million and above reached 3,731 sales in the first half of 2025, a 62.7% increase from the prior year, according to market data. Knight Frank reported average residential prices reached AED 1,853 per sq ft in Q3 2025, surpassing 2014 highs by 24.6% amid strong end-user demand. Off-plan sales, which comprised 69% of Q1 2025 transactions, align with The Alba Palm Jumeirah project’s progress, fueled by flexible payment plans and Golden Visa eligibility.
Also read: OMNIYAT Ras Al Khaimah Waterfront Development Set for 2030 Completion
Palm Jumeirah properties grew 12% in value, with branded residences starting at AED 25 million, driven by waterfront locations and investor inflows. Deloitte forecasts continued resilience in 2025, supported by population growth and economic expansion.
Investor Insights for The Alba Palm Jumeirah Project
Indian investors view The Alba Palm Jumeirah project through off-plan lenses, accessing 50/50 plans, Golden Visa from AED 2 million (~₹4.5 crore), and 8-12% annual appreciation potential. Direct connectivity from India, DLD-approved remote transactions, and 6-9% rental yields enhance appeal versus Mumbai’s 3-5%. Zero taxes on income, gains, and inheritance maximize net returns, with full profit repatriation.
This phase at The Alba Palm Jumeirah project underscores Dubai’s off-plan reliability for Indians, who claim 25% of luxury volume, delivering residency, 10%+ growth forecasts, and portfolio diversification in a stable hub.
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