ENARA

OVERVIEW

Enara is an ultra-premium commercial office development by Omniyat at Marasi Bay, Business Bay, designed by Gensler, with completion targeted for Q2 2028. The building comprises 21 levels and 34 exclusive offices in Grand (8,321 square feet) and Ultra-Grand (11,829 square feet) configurations, each with single-tenancy floor plates and private lift access. A 28,451-square-foot private members' club featuring Michelin-star dining is integrated into the building, and a private jetty connects directly to The Lana by Dorchester Collection. Certified to WELL Platinum, WiredScore Platinum, and SmartScore Platinum, Enara is priced from AED 6,236 per square foot on a 40/60 payment plan, with only three units reported as remaining.

OFFICE STOCK AND TENANT PROFILE

Enara provides 34 offices across 21 levels in Grand (8,321 sq ft) and Ultra-Grand (11,829 sq ft) configurations, both shell-and-core with single-tenancy floor plates and private lift access ensuring maximum exclusivity per occupier. Five hundred and sixty smart-entry parking bays are allocated to the building. WELL Platinum, WiredScore Platinum, and SmartScore Platinum certifications align Enara with the most rigorous global institutional standards. The target occupier profile is family offices, private equity firms, ultra-high-net-worth owner-occupiers, and the most demanding professional services organisations for whom a flagship waterfront address with Dorchester Collection adjacency and Michelin-star dining is a defining occupier proposition.

RENTAL MARKET

As an off-plan development, Enara 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 500 per square foot per annum — a practical scenario of 10 percent (approximately AED 625 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 750 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

Enara is offered off plan at AED 6,236 per square foot on a 40/60 payment plan — 40% during construction and 60% on Q2 2028 completion. With only three units reported as remaining, this is among the most substantially committed projects in the Business Bay off-plan market ahead of handover. Prospective purchasers should conduct thorough due diligence on OMNIYAT's escrow arrangements, DLD project registration, and specific contractual terms applicable to remaining units. Given the extraordinary ticket size and asset rarity, independent legal counsel and specialist ultra-premium commercial property advice are essential prerequisites before committing to a transaction.

LOCATION AND ACCESS

Enara is situated at Marasi Bay in Business Bay, with road access via Sheikh Zayed Road and Al Khail Road. Business Bay Metro Station on the Red Line is within the district. The Dubai Canal waterfront location provides a private jetty connecting directly to The Lana by Dorchester Collection. Downtown Dubai and the Burj Khalifa complex are approximately five minutes by road; DIFC is approximately seven minutes; Dubai International Airport is accessible within approximately twelve minutes. The Marasi Bay waterfront setting provides a distinct locational proposition within Business Bay, with canal views, marina amenity, and Dorchester Collection proximity underpinning the building's ultra-premium address credentials.

RISKS AND WATCHPOINTS

Enara's pricing at AED 6,236 per square foot is at the apex of the Business Bay and wider Dubai commercial office market, setting an exceptional bar for post-handover rental and exit valuations. The yield arithmetic at this capital value — even applying premium rental rates — produces returns more modest than for mid-market strata product; the investment case depends on capital appreciation and realisation of a sustainable rental premium for Gensler-designed, Dorchester-adjacent, Platinum-certified space. With only three units remaining, purchasers face a compressed due diligence window and must act with the care commensurate with an exceptional ticket size. Omniyat's track record in luxury delivery and the Q2 2028 timeline provide relative mitigation.

STRATEGIC PERSPECTIVE

Enara occupies the apex of Dubai's commercial office investment market: 34 offices at AED 6,236 per square foot, Gensler-designed to WELL, WiredScore, and SmartScore Platinum standards, with a private jetty to The Lana by Dorchester Collection and a 28,451-square-foot members' club with Michelin-star dining. For ultra-high-net-worth owner-occupiers and the most discerning institutional funds, the building offers a genuinely irreplaceable address proposition in a Dubai market that is structurally undersupplied in Grade A commercial space. The investment return at this price point is more modest than for lower-priced product; the primary rationale is occupier prestige, brand positioning, and capital preservation in an exceptionally scarce product category.