Developer profile
Neoterra Developments Dubai developer founded by Naresh Perwani
Neoterra Developments is a Dubai-based developer of premium residential projects founded and chaired by Naresh Perwani. It is building Elmora, 85 fully furnished residences in Jumeirah Garden City due in February 2028, and Eira Residence in Dubai Production City. Explore every Neoterra project in our catalog.
- 2projects on Empire City
- 2communities
- 85Elmora residences
- AED 130mElmora development value
- Founder & Chairman
- Naresh Perwani
- HQ
- Dubai
- Delivery partner
- Grid (development management)
- Elmora
- 85 residences, GDV ~AED 130m
- Eira Residence
- Dubai Production City
- Communities
- Jumeirah Garden City, IMPZ
About Neoterra Developments
Neoterra Developments is a Dubai-based developer of premium residential communities founded and chaired by Naresh Perwani. Grid acts as its development lifecycle management partner, overseeing design, construction and sales.
Neoterra broke ground on Elmora in Jumeirah Garden City in March 2026: 85 fully furnished studios, one- and two-bedroom apartments with a gross development value of about AED 130 million, nearly 80% sold at the time and due in February 2028.
Its next project, Eira Residence in Dubai Production City, offers studios and one-bedroom apartments with handover listed for Q3 2028; the company has announced that Eira sold out.
Neoterra Developments Projects in Dubai
2 projects by Neoterra Developments on our site — new launches, projects under construction and ready homes.
Get the Latest Neoterra Developments Price List and Offers
Prices, availability and payment plans change with every launch. Leave your number and we will send you the current Neoterra Developments price list with the best available units.
- New launches
- Payment plans
- Available units
- Floor plans
Master Communities by Neoterra Developments
Jumeirah Garden City
Elmora, 85 furnished residences.
Dubai Production City (IMPZ)
Eira Residence studios and one-bedroom apartments.
Why Buy from Neoterra Developments
- 01
Furnished homes
Elmora is fully furnished.
- 02
Central location
Elmora sits off Sheikh Zayed Road.
- 03
Strong sales
Elmora ~80% sold at groundbreaking.
- 04
Off-plan launches
Staged payment plans.
Frequently Asked Questions about Neoterra Developments
Who founded Neoterra?
Naresh Perwani is Founder and Chairman.
What is Elmora?
An 85-residence tower in Jumeirah Garden City with studios, one- and two-bedroom apartments, due in February 2028.
What is Eira Residence?
Neoterra's project in Dubai Production City, with handover listed for Q3 2028.
Do Neoterra off-plan projects come with payment plans?
Most off-plan Neoterra launches are sold with staged payment plans. The terms differ from project to project, so we send you the current plan for each project you are interested in.
Can foreigners buy Neoterra property?
Ownership rules depend on the emirate and the specific project. Our team will check whether foreign buyers can own property in the Neoterra project you are interested in and guide you through the purchase.
How many Neoterra Developments projects are listed on Empire City?
Our catalog currently lists 2 Neoterra Developments projects in Dubai, with listed prices starting from $149,762. Contact us for the full, up-to-date list of units for sale.
Choose a Neoterra Developments Property with Our Experts
Tell us your budget and goals — we will shortlist Neoterra Developments projects, send floor plans and payment plans and arrange viewings.
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