ESSENL1FE RESIDENCE

OVERVIEW

Essenl1fe Residence is an off-plan commercial and residential development by Object 1 in Jumeirah Village Triangle (JVT), Dubai, with completion targeted for Q4 2027. The project provides commercial office units within JVT at a price from AED 2,000 per square foot — among the more accessible commercial off-plan price points available in the Dubai market. Object 1 is an established UAE developer with an active commercial and residential portfolio across JVT and JVC. Payment plan terms and unit configurations should be confirmed directly with Object 1. The development benefits from JVT's established residential community, where ongoing densification supports demand for community-serving professional services and small business commercial space.

OFFICE STOCK AND TENANT PROFILE

As an off-plan development under construction, Essenl1fe Residence does not have an established tenant profile at the time of writing. Specific floor plate configurations, unit sizes, and total unit count should be confirmed with Object 1. The commercial units are expected to suit small businesses, SMEs, sole practitioners, and community-facing operators for whom a JVT freehold commercial address at a cost-effective price point is a practical alternative to more expensive submarkets. Object 1's established presence across JVT through multiple commercial projects provides a degree of delivery credibility and submarket familiarity for purchasers evaluating commercial strata investment in the community.

RENTAL MARKET

As an off-plan development, Essenl1fe Residence 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 200 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 250 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

Essenl1fe Residence is offered off plan at AED 2,000 per square foot, providing an accessible entry into Dubai's commercial off-plan market. Payment plan terms and DLD registration status should be confirmed with Object 1 before committing. Strata units will be individually titled on completion, providing freehold ownership and post-handover transactability. Object 1's active JVT commercial portfolio provides delivery familiarity, though specific project due diligence — escrow arrangements, unit specifications, and track record on comparable commercial completions — is required before committing. Independent legal review and commercial property advice are recommended before proceeding.

LOCATION AND ACCESS

Essenl1fe Residence is situated in Jumeirah Village Triangle (JVT), adjacent to JVC, with road access via Al Khail Road and Sheikh Mohammed Bin Zayed Road providing connectivity to central Dubai and the wider emirate. JVT is predominantly road-accessed at present, with proximity to Dubai Hills, Dubai Sports City, and Dubai Marina. The JVT community benefits from a growing residential population and improving retail and food and beverage amenity. The residential density of JVT provides a captive customer base for community-serving commercial occupiers. Dubai International Airport is accessible within approximately twenty minutes by road.

RISKS AND WATCHPOINTS

Essenl1fe Residence carries construction and delivery risk with Q4 2027 completion subject to change. JVT has a developing commercial market and rental demand for strata units is less established than in mature business districts. The proximity of multiple Object 1 commercial projects in the same submarket may influence competitive dynamics at handover. At AED 2,000 per square foot, the entry price should be benchmarked against comparable JVT transactions. Service charge structure, car parking provision, and unit specifications should be confirmed before committing. All off-plan purchases carry inherent delivery and timing risk that should be assessed as part of a comprehensive pre-commitment due diligence process.

STRATEGIC PERSPECTIVE

Essenl1fe Residence targets first-time commercial investors and small business owner-occupiers seeking the most accessible freehold commercial entry point in the JVT market. The AED 2,000 per square foot price provides a low-cost position within a community experiencing continued residential growth. Object 1's established JVT commercial delivery track record reduces developer risk. The investment case rests on JVT's continued densification and commercial activation, and on achieving rental rates that generate a satisfactory return at this entry price. Conservative underwriting and realistic rental assumptions are essential given the submarket's emerging commercial character and the forward uncertainty of Q4 2027 market conditions.