ELAR1S RISE

OVERVIEW

ELAR1S Rise is an off-plan commercial office development by Object 1 in Jumeirah Village Triangle (JVT), Dubai, with completion targeted for Q3 2028. ELAR1S is Object 1's dedicated commercial office brand, active across multiple JVT projects. The development provides strata-titled commercial office units within JVT — a mid-market residential community adjacent to Jumeirah Village Circle — at a price from AED 2,100 per square foot. Payment plan terms and specific unit configurations should be confirmed directly with Object 1. The JVT commercial market benefits from a growing residential population creating structural demand for professional services and community-serving business space at cost-competitive price points.

OFFICE STOCK AND TENANT PROFILE

As an off-plan development under construction, ELAR1S Rise 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. Object 1's ELAR1S commercial brand has established delivery track record within the JVT submarket through multiple projects, providing product familiarity for purchasers evaluating the proposition. Commercial units are expected to suit small businesses, SMEs, professional services providers, and community-serving operators for whom a JVT freehold address in an established residential community offers a cost-competitive alternative to Business Bay or DIFC.

RENTAL MARKET

As an off-plan development, ELAR1S Rise 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 Rise 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 product familiarity; however, full due diligence on the 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 to any acquisition.

LOCATION AND ACCESS

ELAR1S Rise is situated in Jumeirah Village Triangle (JVT), a mid-market residential community adjacent to Jumeirah Village Circle (JVC), with road access via Al Khail Road and Sheikh Mohammed Bin Zayed Road providing connectivity to central Dubai and the wider emirate. JVT and JVC share a similar community character, with proximity to Dubai Hills, Dubai Sports City, and Dubai Marina. The JVT community benefits from an established residential population and developing retail amenity. JVT is predominantly road-accessed at present. Dubai International Airport is accessible within approximately twenty minutes. The area's residential density provides a captive customer base for community-serving commercial occupiers.

RISKS AND WATCHPOINTS

As an off-plan development, ELAR1S Rise carries construction and delivery risk with Q3 2028 completion subject to change. JVT is a residential community with a developing commercial market, and rental demand for commercial strata units is less established than in mature business districts. Object 1's ELAR1S track record in JVT provides partial mitigation but does not eliminate market risk in an emerging commercial submarket. At AED 2,100 per square foot, purchasers should benchmark against comparable JVT and JVC commercial transactions. Service charge structure, car parking adequacy, and the availability of specific unit configurations should be confirmed with Object 1 before committing.

STRATEGIC PERSPECTIVE

ELAR1S Rise targets small business owner-occupiers and yield-focused investors seeking a freehold commercial position in JVT at a cost-effective price point. Object 1's ELAR1S brand has established a commercial presence in JVT through multiple projects, creating comparative pricing data that benefits purchasers evaluating this project. The JVT residential community provides a structural demand base for community-serving commercial operators. The investment case is predicated on the continued densification of JVT and its transition toward a more mixed-use community. Conservative underwriting of Q3 2028 handover conditions and realistic rental rate assumptions are strongly advisable before committing at the offered price point.