Cheval South Bay at a glance
Dubai South Properties has signed an agreement with Cheval Collection, a UK hospitality operator, for a project of 193 serviced hotel apartments and branded residences on the waterfront promenade of South Bay in Dubai South (Arabian Business). It was announced on 11 November 2026. Sales are expected to start next year, so there is nothing to buy yet (The National).
| Project | Cheval South Bay |
| Developer partner | Dubai South Properties, in agreement with Cheval Collection |
| Operator | Cheval Collection, a privately owned UK hospitality company |
| Location | South Bay central waterfront promenade, Dubai South, with direct access to the lagoon |
| Units | 193 in total |
| Serviced hotel apartments | 98, studio to 3 bedroom |
| Branded residences | 95, 1 to 3 bedroom |
| Opening | 2030 |
| Sales start | Expected in 2027, according to The National |
| Price | Not yet published by the developer |
| Payment plan | Not yet published by the developer |
Who Cheval Collection is
The National reports that Cheval South Bay is Cheval’s fourth development in Dubai and sixth in the Middle East. It already runs Cheval Maison The Palm, opened in 2023, and Cheval Maison Expo City Dubai, opened in 2025, both serviced apartments. It launched a branded residence project on Dubai Islands in April and has two properties under construction in Saudi Arabia (The National).
Location: South Bay and the metro
South Bay is the Dubai South Properties waterfront community of villas and townhouses around a lagoon. See our South Bay phase 4 page for the villa side. Arabian Business reports that the Dubai Executive Council approved a Dubai Metro Route 2020 extension to Al Maktoum International Airport City, with operations scheduled for 2031 (Arabian Business). Stations have not been published.
What Dubai South apartments actually sell for
| Off plan apartments, Dubai South, Sept 2026 | Sales | Median price | Median size | Per sq ft |
|---|---|---|---|---|
| Studio | 365 | AED 640,000 | 360 sq ft | AED 1,742 |
| 1 bedroom | 204 | AED 1,139,450 | 726 sq ft | AED 1,601 |
| 2 bedroom | 115 | AED 1,831,828 | 1,148 sq ft | AED 1,549 |
| 3 bedroom | 16 | AED 2,485,323 | 1,675 sq ft | AED 1,501 |
| All apartments | 702 | AED 745,000 | 430 sq ft | AED 1,684 |
Registered sales from the Dubai Land Department transaction file, September 2026, Cresco analysis on actual unit area (DLD open data). The Land Department records Dubai South under the area names Madinat Al Mataar and Dubai South. No off plan hotel apartment sale was registered in Dubai South that month, so there is no direct comparison for the serviced units yet.
What this means for a buyer
Dubai South is busy: 702 registered apartment sales in September 2026 alone, most of them studios at a median of AED 640,000. A Cheval branded unit will be sold on the operator’s name and hotel services. When prices come out, measure them against the AED 1,684 per sq ft median and ask what the premium buys you: a managed rental programme, guaranteed services, or only the name.
For the 98 serviced hotel apartments, ask early how the rental works. Can you live in the unit, or must it stay in the hotel pool? Who sets the rate? What share of revenue comes back to you, and what are the fees? None of this has been published.
Add the 4% Land Department fee to any price (Bayut fee guide). A unit of AED 2 million or more qualifies for the 10 year UAE Golden Residency (ICP); the median Dubai South apartment sells well below that.
The honest limits. No price, payment plan, size, service charge or rental programme has been published, and sales have not opened. The comparison table covers ordinary apartments, not branded or hotel units. The metro extension is scheduled for 2031, a year after the scheduled opening.
This is not The Cheval Residences at Dubai Islands
The Cheval Residences is a separate branded project on Dubai Islands. Cheval South Bay is in Dubai South with Dubai South Properties. Same operator brand, different location and partner.
What the developer has not published yet
- Prices and payment plan
- Unit sizes and floor plans
- Service charges and hotel fees
- Rental programme terms for the serviced apartments
- Sales launch date
- Escrow account and DLD project registration
Frequently asked questions
What is Cheval South Bay?
A project of 193 units in South Bay, Dubai South: 98 serviced hotel apartments from studios to three bedrooms and 95 branded residences from one to three bedrooms. Dubai South Properties signed the agreement with Cheval Collection, a UK hospitality operator.
When can I buy at Cheval South Bay?
Not yet. The National reported on 11 November 2026 that sales are expected to start next year, which is 2027.
When does Cheval South Bay open?
Opening is scheduled for 2030.
What is the price of Cheval South Bay?
Not published. For reference, registered off plan apartments in Dubai South sold at a median of AED 1,684 per sq ft in September 2026.
Is Cheval South Bay the same as The Cheval Residences at Dubai Islands?
No. The Cheval Residences is a separate branded project on Dubai Islands. Cheval South Bay is in Dubai South, with a different developer partner.
Speak to Cresco Real Estate about Cheval South Bay
Cresco Real Estate is a RERA registered brokerage in Dubai, ORN 34288. Register with us and we will send you the Cheval South Bay prices, plans and rental terms as soon as sales open. Call us on +971 4 529 9647 or 1-833-CRESCO-6, or send us your requirement.
Sources: The National, 11 November 2026; Arabian Business, 11 November 2026; Dubai Land Department transactions, September 2026, Cresco analysis; ICP, UAE Golden Residency; Bayut, cost of buying property in Dubai.
More about Dubai South
Read the Cresco area guide to Dubai South. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Dubai South area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Dubai South
Dubai Land Department registered transactions, not advertised asking prices.
Between 1 September 2026 and 11 October 2026, 984 residential sales were registered in Dubai South. The median was AED 779,377 and the middle half fell between AED 637,735 and AED 1,296,916.
| Registered median price, Dubai South | AED 779,377 |
| Middle half of registered sales | AED 637,735 to AED 1,296,916 |
| Registered median per sq ft | AED 1,638 |
| Registered median unit size | 632 sq ft |
| Share bought off plan | 93% |
| Ready stock, median per sq ft | AED 1,087 from 65 sales |
| Off plan stock, median per sq ft | AED 1,654 from 919 sales |
| Registered residential sales in the period | 984 |
Registered sales by bedroom count in Dubai South
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 475 | AED 639,000 | AED 1,728 | 361 sq ft |
| 1 B/R | 268 | AED 1,130,760 | AED 1,560 | 726 sq ft |
| 2 B/R | 151 | AED 1,795,598 | AED 1,394 | 1,130 sq ft |
| 3 B/R | 29 | AED 2,556,360 | AED 1,493 | 1,676 sq ft |
| 4 B/R | 36 | AED 4,725,000 | AED 1,302 | 3,400 sq ft |
| 5 B/R | 25 | AED 6,150,000 | AED 1,476 | 4,023 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 1 September 2026 and 11 October 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Dubai South
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Dubai South recorded 5,845 registered rental contracts, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Registered rents in Dubai South moved +7.9 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads +0.0%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 1,376 | 40,196 | 95 | +9.2 |
| 1 bedroom | 2,408 | 50,388 | 82 | +6.6 |
| 2 bedroom | 1,768 | 78,796 | 66 | +11.0 |
| 3 bedroom | 293 | 102,421 | 50 | +6.4 |
| All apartments | 5,845 | 59,190 | 78 | +7.9 |
Full Dubai South guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 27 September 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to September 2026. This snapshot is 46 days old and is due a refresh.
