ELAR1S AXIS

OVERVIEW

ELAR1S Axis is an off-plan commercial office development by Object 1 in Jumeirah Village Triangle (JVT), Dubai, with completion targeted for Q4 2028. ELAR1S Axis is part of Object 1's ELAR1S commercial office brand — a dedicated series of commercial strata developments within JVT — alongside the separately offered ELAR1S Rise in the same community. The development provides strata-titled commercial units at a price from AED 2,100 per square foot. Payment plan details and unit configurations should be confirmed with Object 1. The ELAR1S series has established a degree of market familiarity and comparative transaction data within the JVT commercial submarket, which is beneficial to purchasers evaluating commercial strata investment in the community.

OFFICE STOCK AND TENANT PROFILE

As an off-plan development under construction, ELAR1S Axis does not have an established tenant profile at the time of writing. Specific floor plate configurations, unit sizes, total unit count, and building height should be confirmed with Object 1. The ELAR1S brand's track record within the JVT submarket provides product familiarity for purchasers evaluating the commercial offering. Commercial units are expected to suit small businesses, SMEs, professional services providers, and community-serving operators for whom a JVT freehold address at a cost-competitive price offers a practical alternative to more expensive business districts. JVT's residential population provides a structural customer base for community-oriented commercial occupiers.

RENTAL MARKET

As an off-plan development, ELAR1S Axis has no established rental market at the time of writing. Indicative projections based on a gross yield approach suggest a conservative gross return of approximately 8 percent on acquisition price — approximately AED 175 per square foot per annum — a practical scenario of 10 percent (approximately AED 225 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 275 per square foot per annum). Commercial yields in Dubai are structurally higher than residential, supported by shorter lease cycles and strong occupier demand in a supply-constrained market. Actual returns will depend on market conditions at handover and quality of occupier secured. Independent rental appraisal is strongly recommended prior to any acquisition commitment.

SALES MARKET

ELAR1S Axis is offered off plan at AED 2,100 per square foot. Payment plan terms and DLD project registration status should be confirmed with Object 1 before committing. The strata units will be individually titled on completion, providing freehold ownership and post-handover transactability. Object 1's ELAR1S commercial brand track record in JVT provides a degree of developer credibility; however, full due diligence on this specific project, escrow arrangements, and unit specifications is required. All off-plan purchases carry inherent delivery and timing risk. Independent legal review and specialist commercial property advice are recommended before proceeding.

LOCATION AND ACCESS

ELAR1S Axis is situated in Jumeirah Village Triangle (JVT), a mid-market residential community adjacent to JVC, with road access via Al Khail Road and Sheikh Mohammed Bin Zayed Road. Dubai Hills, Dubai Sports City, and Dubai Marina are within a short drive. JVT is predominantly road-accessed at present with proximity to improving community retail amenity. The JVT residential community provides a captive customer base for commercial occupiers within the building. Dubai International Airport is accessible within approximately twenty minutes by road. The development benefits from Object 1's established presence in the submarket across the ELAR1S portfolio of commercial office projects.

RISKS AND WATCHPOINTS

ELAR1S Axis carries construction and delivery risk with Q4 2028 completion subject to change. JVT has a developing commercial market, and rental demand for strata commercial units is less established than in mature business districts. The existence of multiple Object 1 commercial projects in the same submarket may influence competitive dynamics at the time of handover; purchasers should assess potential supply concentration from ELAR1S projects in the JVT commercial market. At AED 2,100 per square foot, benchmarking against comparable JVT transactions and assessing service charge structure, car parking adequacy, and unit specifications are all necessary pre-commitment steps.

STRATEGIC PERSPECTIVE

ELAR1S Axis targets small business owner-occupiers and commercial investors seeking cost-effective freehold exposure within JVT at a price point that provides accessible entry to Dubai's off-plan commercial market. Object 1's ELAR1S portfolio approach to JVT has created a commercial submarket presence and comparative pricing infrastructure that benefits purchasers assessing investment merit. The JVT residential community provides a structural demand base for community-serving operators. The investment case relies on JVT's continued densification and the ability to achieve sustainable commercial rental rates at the Q4 2028 handover. Conservative underwriting and realistic rental assumptions are advisable given the submarket's emerging commercial character.