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Global Partners said in a statement that its second flagship vehicle, Global Partners Property Fund II, has closed with commitments exceeding $300 million, enabling deployment into a strategic off-market acquisition at Dubai Creek Gardens. The fund manager reported that the new capital builds directly on the performance of its first property fund, which delivered successful handovers and ongoing construction across two elevated residential projects along the Dubai Water Canal. According to the announcement, the milestone reflects continued investor confidence in the firm’s approach to long-term, master-planned developments in high-potential locations regulated under DFSA oversight from its DIFC base.
The company’s statement detailed that Fund I, formally Global Partners Property Fund I, achieved a combined gross development value of more than AED 4 billion across more than 500 residences. Global Partners noted that Eden House The Canal sits alongside the Four Seasons Private Residences on the Dubai Water Canal while Eden House The Park occupies a prime enclave in Jumeirah. These projects form part of the firm’s inaugural vehicle that has now transitioned into active residency and construction phases.
Handover of the first residences at Eden House The Canal is scheduled for later in 2026, the announcement stated, with full completion and handover of Eden House The Park set for September 2027. The firm indicated that both assets target the premium living segment with direct waterfront and elevated lifestyle positioning. Such timelines align with the broader delivery cadence the manager has maintained since launching its inaugural fund several years ago.
Proceeds from Fund II will target Dubai Creek Gardens, an off-market acquisition in phase two of the Dubai Healthcare City area overlooking the creek and adjacent to established landmarks including the Kempinski, Ritz-Carlton and Swiss School. Global Partners described the site as a master-planned residential district acquired to create a cohesive community rather than isolated buildings. The location benefits from proximity to established hospitality and educational anchors that enhance its appeal for long-term residents.
A partnership with Marriott International will introduce the Westin and Renaissance brands to the development, marking the first time these names appear in UAE residential projects under the agreement outlined in the statement. The company explained that the Westin brand will emphasise wellbeing and comfort while Renaissance will focus on creativity, culture and urban living. This collaboration forms a central element of the differentiated offering at Dubai Creek Gardens.
Design of the master plan centres on liveability principles that incorporate walkability, extensive green spaces, sports and recreational facilities together with direct waterfront access. Global Partners added that connectivity will be strengthened through the Metro Green Line, the forthcoming Blue Line extension, a high-speed rail link to Abu Dhabi of less than one hour and a future water taxi station linking to Dubai Creek Harbour. These infrastructure elements mirror existing marine routes that already connect Al Jaddaf and Festival City, completing the integrated mobility framework for the community.
