THE APRICOT

OVERVIEW

The Apricot is a 15-storey commercial building in Dubai Silicon Oasis (DSO), developed by Maximus International FZC and completed in 2011. The building delivers approximately 133 office units and 9 showroom spaces, providing a combined commercial freehold product suited to the technology park's mix of office and light commercial requirements. The Apricot operates within the Dubai Silicon Oasis Authority (DSOA) free zone, providing DSOA-licensed accommodation to businesses across technology, engineering, and light industrial services sectors seeking a combined office and showroom capability within the DSO ecosystem.

OFFICE STOCK AND TENANT PROFILE

The Apricot provides approximately 133 office units and 9 showroom spaces across 15 floors, offering a product mix that distinguishes it from purely office-configured freehold building in DSO. The showroom component is particularly relevant for businesses that require display, demonstration, or light retail functions alongside their office accommodation — a profile consistent with technology hardware, engineering solutions, and IT services businesses active within the DSO technology park. The office unit sizes and the availability of showroom spaces make The Apricot a practical option for businesses with mixed space requirements.

RENTAL MARKET

The Apricot is positioned within the mid-market tier of the DSO commercial leasing segment, with the availability of showroom spaces providing a product differentiation from standard office-only freehold building in the park. Rental rates reflect the DSOA free zone address and the building's combined office-showroom character. The showroom spaces typically attract a slight premium over equivalent-size standard office units, reflecting the higher utility value for businesses requiring combined workspace and display functions. Standard DSOA lease terms apply, with terms of one to three years consistent with DSO market conventions.

SALES MARKET

The Apricot's freehold units are available for purchase through the secondary market. The combined office and showroom configuration creates a distinct investor profile, attracting buyers interested in the broader utility of a freehold asset that can accommodate both office and light commercial use. Gross yields are consistent with the mid-market DSO commercial freehold segment. Buyers should confirm service charge levels and the owners' association's reserve fund position before committing to any acquisition. The 2011 vintage remains competitive within the DSO commercial secondary sales market. The DSO technology park licensing benefits and competitive pricing relative to more established commercial districts make it a practical option for businesses with combined office-showroom requirements.

LOCATION AND ACCESS

The Apricot is located within Dubai Silicon Oasis, accessible via Sheikh Mohammed Bin Zayed Road (E311) and Al Ain Road (E66). There is no direct Metro connection to DSO; the nearest Red Line station is approximately 10 to 15 minutes by road. Highway access via E611 and E311 provides vehicle connectivity to the broader Dubai commercial and industrial network. Dubai International Airport is approximately 15 to 20 minutes by road, a practical advantage for technology businesses with international supplier or partner relationships.

RISKS AND WATCHPOINTS

The Apricot shares the structural risk common to all DSO commercial assets: road-only accessibility limits public transport convenience for daily commuting. The building's combined office-showroom configuration, while a differentiator, also narrows the occupier pool to businesses that specifically require this combined function. The 2011 vintage means building systems are approaching the age where capital replacement planning becomes relevant. Service charge levels and the owners' association's maintenance programme should be verified. The limited number of showroom units (9 spaces) creates a constrained supply that can affect secondary market price discovery for that product type. Prospective buyers should verify construction quality and confirm service charge levels given the combined office-showroom freehold ownership structure, which can create cost allocation complexity between different unit types.

STRATEGIC PERSPECTIVE

The Apricot is a practical DSO commercial freehold option for businesses that require both office space and showroom or display facilities within a DSOA free zone address. The combined office-showroom product is unusual within the DSO secondary sales market and provides a genuine differentiation for the specific occupier profile that needs this combined functionality. For standard office-only requirements, the building's mixed product limits flexibility relative to pure office freehold alternatives. For investors, the showroom component adds income diversity alongside standard office units. DSO's road-only accessibility remains the primary structural constraint for all occupiers and investors assessing buildings within the technology park. The Apricot's combined office-showroom offering fills a specific niche within DSO's commercial secondary sales market. The DSOA award recognition adds credibility, and the 2011 delivery provides a relatively recent specification. Road-only accessibility remains the common constraint for all DSO assets that occupiers and investors must factor into their assessment.