THE ONE BY PRESTIGE ONE

OVERVIEW

The One by Prestige One is a 15-storey LEED-certified commercial office tower under development in Al Barsha Heights (TECOM), Dubai. Developed by Prestige One Luxury Real Estate through its subsidiary Centurion Star Developers, the project is valued at approximately AED 35 million and has an estimated completion of December 2026. The building offers freehold office units with 42 pre-registration sale transactions recorded by the Dubai Land Department as of early 2026. As one of a limited number of LEED-certified office projects in the Al Barsha Heights submarket, the development targets occupiers and investors seeking sustainability-credentialled commercial space within the TECOM free zone cluster.

OFFICE STOCK AND TENANT PROFILE

The building offers office units ranging from approximately 1,744 to 2,920 square feet across 15 floors, appealing to small-to-medium enterprises and mid-size professional occupiers requiring self-contained freehold units in a TECOM-adjacent location. The freehold ownership structure suits both owner-occupiers seeking certified green workspace and investors targeting the premium tier of the Al Barsha Heights new-build market. The target occupier profile includes professional services, technology, and media firms already active in the broader TECOM and Dubai Internet City ecosystems. The LEED certification addresses the growing proportion of regional and multinational tenants that include sustainability performance criteria in their office selection requirements.

RENTAL MARKET

As an under-construction project with a December 2026 target completion, leasing terms and achieved rents are not yet publicly established. DLD-registered pre-sale prices of approximately AED 2,300 to AED 2,857 per square foot indicate a premium positioning relative to the existing completed Al Barsha Heights secondary sales market. Rental expectations will ultimately be shaped by completion-era market conditions in late 2026, which carry inherent uncertainty. Occupiers considering a pre-completion lease commitment should negotiate with full awareness of handover risk and should build adequate flexibility provisions into any heads-of-terms agreed ahead of practical completion.

SALES MARKET

Pre-registration sale transactions have been recorded with the Dubai Land Department at approximately AED 2,300 to AED 2,857 per square foot as of early 2026, reflecting premium pricing for off-plan LEED-certified product in Al Barsha Heights. The pricing implies post-completion rental premiums that will need to be validated by actual occupier demand for certified TECOM space at this price point. Buyers should engage directly with Centurion Star Developers or registered brokers for current availability, payment plan terms, and construction progress. Off-plan acquisition carries delivery and pricing risk relative to completed buildings already generating income.

LOCATION AND ACCESS

The building is located in Al Barsha Heights (TECOM), adjacent to Dubai Internet City and Dubai Media City, with access to Sheikh Zayed Road via the TECOM internal road network. Dubai Internet City Metro Station on the Red Line is within proximity, providing direct rail connectivity to Business Bay, Downtown Dubai, and Dubai Marina. On completion, the building will benefit from the same metro access and TECOM free zone licensing advantages as established buildings in the submarket, with the LEED certification providing a building-level differentiation above standard freehold product.

RISKS AND WATCHPOINTS

The primary risk is off-plan delivery. The project has a December 2026 target completion and buyers must conduct thorough due diligence on the developer's track record, DLD-registered escrow arrangements, and visible construction progress before committing. Prestige One and Centurion Star Developers do not have an established track record of commercial office delivery comparable to the major developers active in TECOM, which requires additional scrutiny. The premium pricing of approximately AED 2,300 to AED 2,857 per square foot is at the top of the Al Barsha Heights range, and resale liquidity will depend on how comparable completed stock is priced at handover. LEED certification will only translate into a rental premium if occupier demand for certified space at this price point materialises at completion.

STRATEGIC PERSPECTIVE

The One by Prestige One is a notable addition to the Al Barsha Heights development pipeline — LEED-certified, with mid-size floor plates of approximately 1,744 to 2,920 square feet and good proximity to the TECOM metro and free zone cluster. The premium pre-sale pricing of approximately AED 2,300 to AED 2,857 per square foot is aggressive for this submarket and requires careful stress-testing of the rental premium assumptions underpinning the investment case. The developer does not have an established track record in Dubai commercial delivery, making developer due diligence the critical evaluation variable. For investors monitoring the Al Barsha Heights new-build pipeline, the project warrants close tracking. Early financial commitment should be conditioned on satisfactory developer diligence and visible construction progress.