TRUSSARDI RESIDENCES PHASE II

OVERVIEW

Trussardi Residences Phase II is an off-plan branded commercial and residential development by Mira Developments in partnership with Trussardi, located in Al Furjan, Dubai. The project comprises two ten-storey residential towers incorporating four full floors of dedicated Grade A commercial space. Commercial units are delivered fully fitted, furnished, and turnkey-ready to the Trussardi Casa design standard. Priced from AED 3,000 per square foot on a 60/40 payment plan, with handover targeted for Q2 2027. Commercial floors are served by 21 dedicated parking bays per floor and complimentary valet. Discovery Gardens Metro Station 2 is within a one-minute walk, providing a connectivity advantage over the majority of Al Furjan commercial developments.

OFFICE STOCK AND TENANT PROFILE

Trussardi Residences Phase II provides four entire commercial floors within a branded mixed-use development. Full-floor units are approximately 15,200 square feet; half-floor options are available. Units are delivered fully fitted and furnished to a luxury Trussardi Casa specification, with column-free layouts, private plunge pools per floor, 7-metre lobby ceilings, and a three-year warranty on interiors. Building amenities available to commercial occupiers include a 100-metre pool, six-cuisine food lounge, Technogym fitness zones, wellness centre, sauna, and outdoor cinema. The branded environment targets senior professional firms, regional headquarters, and owner-occupiers for whom design identity and workplace experience are commercial priorities.

RENTAL MARKET

As an off-plan development, Trussardi Residences Phase II 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 250 per square foot per annum — a practical scenario of 10 percent (approximately AED 300 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 375 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

Commercial units at Trussardi Residences Phase II are offered for sale off plan on a freehold basis, from AED 3,000 per square foot on a 60/40 structure — 60 percent payable across staged construction instalments through 2026 and 40 percent at Q2 2027 handover. Units are individually titled. Purchasers should verify Mira Developments' DLD project registration and escrow arrangements. The turnkey delivery eliminates fit-out cost and time risk post-handover, a meaningful advantage over shell-and-core alternatives. The price point is materially above other Al Furjan commercial offerings; investors should independently assess whether the branded specification justifies the premium. Independent legal review is strongly recommended before commitment.

LOCATION AND ACCESS

Trussardi Residences Phase II is located in Al Furjan, directly adjacent to Discovery Gardens Metro Station 2, providing immediate Red Line access. The development is positioned along Gardens Boulevard and Al Asayel Street. Ibn Battuta Mall is approximately 8 minutes by road; Dubai Marina and JBR are approximately 12 minutes; Palm Jumeirah approximately 13 minutes; and Expo City Dubai approximately 15 minutes. Al Maktoum International Airport is approximately 28 minutes. Sheikh Zayed Road provides direct access north toward downtown and south toward Jebel Ali. The one-minute metro walk gives the development a clear connectivity advantage over most other Al Furjan commercial projects.

RISKS AND WATCHPOINTS

Trussardi Residences Phase II is an off-plan development subject to construction and delivery risk; the Q2 2027 target is contingent on contractor performance and regulatory approvals. The phased payment structure commences in December 2025, requiring early capital commitment. Mira Developments is a specialised branded residential developer; purchasers should verify track record and financial standing independently. The Al Furjan commercial market has limited established occupier demand at the AED 3,000 per square foot price level; branded floor plates target a niche segment whose depth at handover is uncertain. The mixed residential and commercial configuration creates strata complexity; commercial floor owners should review the owners' association structure and shared cost obligations carefully before acquisition.

STRATEGIC PERSPECTIVE

Trussardi Residences Phase II targets senior professional firms, regional headquarters, and high-net-worth owner-occupiers seeking a brand-differentiated, turnkey commercial floor plate in a metro-linked Al Furjan location. The Trussardi Casa specification, private plunge pools per floor, and fully furnished delivery create a product unlike others in the Al Furjan submarket. The investment case rests on the rental premium achievable for branded turnkey accommodation and the one-minute metro walk differentiating the asset from typical suburban supply. The higher entry price relative to other Al Furjan commercial developments means the margin for error is narrower; the investment suits buyers with strong conviction on the branded occupier premium and the corridor's medium-term commercial rental growth.