SANCTUARY BY PRESTIGE ONE

OVERVIEW

Sanctuary by Prestige One is an off-plan commercial office development by Prestige One Developments within the Meydan Horizon master plan in Mohammed Bin Rashid City (MBR City), Dubai, scheduled for Q4 2029 completion. The development provides 33 strata office units positioned along a two-kilometre central canal with a four-kilometre boardwalk and views of the Ras Al Khor Wildlife Sanctuary. Units range from approximately 770 to 8,000 square feet in individual, half-floor, and full-floor configurations. Priced from AED 3,550 per square foot on a 70/30 payment plan, the project is freehold and sits within a planned Green Line Metro extension catchment area serving the broader Meydan Horizon development.

OFFICE STOCK AND TENANT PROFILE

As an off-plan development under construction, Sanctuary does not have an established tenant profile at the time of writing. The planned configuration provides 33 strata-titled commercial units from approximately 770 to 8,000 square feet across individual, half-floor, and full-floor configurations. The building forms part of the Meydan Horizon master development — a 39-million-square-foot planned community with a two-kilometre central canal, four-kilometre boardwalk, and significant residential, retail, and amenity provision. The waterside setting and natural views of the Ras Al Khor Wildlife Sanctuary distinguish the project from the typical urban commercial office environment. Specific floor count and building configuration should be confirmed with the developer.

RENTAL MARKET

As an off-plan development, Sanctuary by Prestige One 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 300 per square foot per annum — a practical scenario of 10 percent (approximately AED 375 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 450 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

Sanctuary is offered off plan from AED 3,550 per square foot on a 70/30 payment plan, with strata units individually titled on completion, providing freehold ownership. The 70/30 structure front-loads the majority of the purchase price before completion, which should be factored into cash flow planning. Prospective purchasers should conduct due diligence on Prestige One's track record, DLD registration, and escrow arrangements. The Q4 2029 completion and the emerging status of the Meydan Horizon commercial submarket increase the forward-looking uncertainty of the investment case. Independent legal review and specialist commercial property advice are recommended before proceeding.

LOCATION AND ACCESS

Sanctuary is situated within the Meydan Horizon master development in MBR City, with road access via Al Khail Road providing connectivity to central Dubai and the wider emirate. A planned Green Line Metro extension is expected to serve Meydan Horizon, though the delivery timeline for this infrastructure should be confirmed independently. The canal-fronting position within the master plan provides views of the Ras Al Khor Wildlife Sanctuary and access to the four-kilometre boardwalk. The Meydan Racecourse and Dubai Creek Harbour are in the broader vicinity. Dubai International Airport is accessible within approximately fifteen minutes by road.

RISKS AND WATCHPOINTS

Sanctuary carries significant forward-looking risk: Meydan Horizon is in an early stage of commercial activation, and the pace and extent of commercial occupier demand within the community are difficult to forecast. The pricing at AED 3,550 per square foot is a material premium for an unproven commercial submarket, and purchasers should model conservative handover scenarios carefully. The 70/30 payment structure means the majority of purchase consideration is paid before Q4 2029 delivery. Planned Metro extension timelines, community activation pace, and the overall development trajectory of Meydan Horizon are material risk variables that should be monitored throughout the development period.

STRATEGIC PERSPECTIVE

Sanctuary targets investors and owner-occupiers seeking a premium waterside commercial freehold within one of Dubai's largest master-planned communities, as an alternative to established Grade A clusters at a point when Meydan Horizon's commercial district is in formation. The 39-million-square-foot community's residential and amenity programme provides a potential demand base over the medium term, and the canal and wildlife sanctuary views offer a distinctive environmental proposition. The investment case is predicated on Meydan Horizon's successful commercial activation by Q4 2029 handover; patient capital and a high tolerance for location risk are prerequisites for investment at AED 3,550 per square foot in this emerging submarket.