Peace Homes Development was founded in 2012 by entrepreneur Ahsan Rashid. Initially, they were engaged in upgrading and selling unsold properties from other developers. This activity allowed them to study the market well and understand the needs of the customers.

In 2016, the property developer Peace Homes Development launched its first standalone project. After that, the company began to expand its portfolio. It realised residential developments in different areas of Dubai. By 2023, Peace Homes Development was among the leading property developers in the emirate. They launched 12 new projects and achieved sales of AED 3.3 billion ($898 million).

Peace Homes Development adheres to the philosophy of providing quality properties at affordable prices. The developer is noted for its timely completion of projects and offers flexible payment terms with interest-free payment plans.

Peace Homes Development implements advanced technologies in its projects and focuses on the needs of its clients. Special attention is paid to environmental friendliness and energy efficiency. They use energy saving technologies, solar panels and water purification systems in property development in Dubai.

The company has more than 20 projects in its portfolio. Among the best known are Empire Residence, Sky Suites, Sky Livings and Peace Lagoons. Current developments include The Harmony Towers, Serenity Heights and Royal Vista.

One of the company's key projects is Natuzzi Harmony Residences on Dubai Islands. This 9-storey development comprises 50 apartments with 1-3 bedrooms and penthouses, fully designed by Italian designers Natuzzi. These properties by Peace Homes Development range in size from 83 m² to 259 m².

All apartments by Peace Homes Development are complete with private pools and balconies. Floor-to-ceiling windows flood the units with natural light and offer views of the Dubai Islands.

The internal infrastructure of the development includes: infinity pool, spa services, yoga and meditation rooms, children's playground, landscaped gardens, promenade for walking. There are shops and cafes on the territory.

In 2023, Peace Homes Development was nominated for Best Residential Property Developer by Arabian Business Awards. In 2024, Peace Homes Development launched 18 new projects with a total value of AED 12.5 billion ($3.4 billion). This allowed the developer to become one of the top five largest developers of property in Dubai.

Peace Homes Development is considering entering markets in other emirates and internationally. The developer plans to diversify its portfolio to include commercial property by Peace Homes Development and hotels.

Peace Homes Development's growth prospects are linked to the increasing demand for property in Dubai, growing foreign investment and the expansion of the city's infrastructure. The developer continues to strengthen its position by offering residential projects that meet modern standards and exceed customer expectations.