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Developer · UAE off-plan

Aqua Development

AQUA Developments is the development arm of AQUA Properties (founded in 2005, which began as a brokerage and later moved into development). The development arm was established in 2010 by Paul Christodoulou (CEO, with 25+ years of real estate experience). It is a pioneer of the co-living concept in Dubai — communities built for a young, middle-income demographic with fully developed infrastructure for community living. The portfolio includes The Community (Sports City, Motor City, JVT), The Central Downtown (Arjan), O Ten (Healthcare City), J5, J8 and the Tumbi Hotel.

Founded 2010 (development arm); AQUA Properties — 2005 Founder Paul Christodoulou (CEO) HQ Dubai, United Arab Emirates RERA registered
2010
Year Founded (Development)
Mid-market
Segment
Private
Status
THE TRACK RECORD

Aqua Development's record.

A pioneer of the co-living concept in Dubai. Aimed at young, middle-income residents — with co-working spaces, amenities, and sometimes cinemas and retail outlets. A distinctive combination of brokerage + management + development.

Delivery record

An active portfolio of 8 projects: The Community Sports Arena (Sports City), The Community Motor City, The Community JVT, The Central Downtown (Arjan), O Ten (Healthcare City), Tumbi Hotel (Palm Jumeirah), and J5 / J8.

Financial strength

AQUA Properties has been active in the Dubai market for 20+ years. Steady, gradual growth and a diversified portfolio spanning residential, commercial and hospitality assets.

Founded2010 (development arm); AQUA Properties — 2005
FounderPaul Christodoulou (CEO)
HQDubai, United Arab Emirates
TypePrivate · Full-service (development + brokerage + management)
Active projects2
Entry pricefrom 690K AED
SIGNATURE COMMUNITIES

Aqua Development flagship destinations.

Co-living
The Community Sports Arena
Dubai Sports City — part of AQUA's The Community series, a co-living community with a focus on sport
Co-living
The Community Motor City
Motor City — The Community series
Co-living
The Community JVT
Jumeirah Village Triangle (JVT) — The Community series
Mixed-use co-living
The Central Downtown
Arjan, Dubailand — an innovative co-living concept for hold / rental investment
WHAT SETS THEM APART

What makes Aqua Development special.

Property types ApartmentsCo-livingMixed-useHotel
Price segment Mid-market

Signature style

Dubai's co-living pioneer — communities with fully developed community infrastructure for young, middle-income residents. Every The Community project offers organised community living, shared spaces, sports areas and wellness facilities. Flexible payment plans, with quoted ROI of 6-10%.

Payment plans

Flexible payment plans; accessible apartments with ROI potential of 6-10%.

2 ACTIVE PROJECTS

All projects by Aqua Development.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

OFF-PLAN
Sports City · Dubai

Aqua The Community Sports Arena at Sports City, Dubai

Studio, 1-3 Bedroom Handover Q3 2027
From
690,000AED
OFF-PLAN
Arjan · Dubai

The Central Uptown at Arjan, Dubai

Studio, 1-2 Bedroom Handover Q4 2028
From
699,888AED
GOOD TO KNOW

Common questions about Aqua Development.

Who founded AQUA Developments?+

Paul Christodoulou — CEO with 25+ years of real estate experience. He established AQUA Developments in 2010 as the development arm of AQUA Properties (founded in 2005, which began as a brokerage).

What is AQUA's co-living?+

AQUA is Dubai's co-living pioneer — communities for young, middle-income residents with fully developed community infrastructure. The The Community series is spread across Sports City, Motor City and JVT; The Central Downtown in Arjan offers a mixed-use version.

What is the expected ROI?+

AQUA quotes a rental yield of 6-10% on the compact apartments in its co-living projects.

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