Location: Meydan Horizon, Bu Kadra, Dubai
Commercial Retail
Serenia Waterside Retail
PriceFrom AED 4,000 PSF
CompletionQ2 2029
DeveloperObject 1
LocationMeydan Horizon
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Serenia Waterside by Object 1
Project Overview
Serenia Waterside is a premium waterfront residential development located in Meydan Horizon, part of Dubai’s reimagined Bu Kadra district. Developed by Object 1, a division of the TSZ Group, the project is designed to offer integrated urban living with lifestyle-focused features. The ground floor of the building includes six commercial units, of which only three remain available, making this a limited retail opportunity in one of Dubai’s most promising new communities.
The development rises 18 residential floors above two podiums, and will house 248 apartments ranging from 1- to 3-bedroom layouts, including select duplexes.
Project Composition & Unit Breakdown
| Category | Details |
| Developer | Object 1 (TSZ Group) |
| Project Type | Residential Tower with Ground-Level Retail |
| Configuration | B + R + 2P + 18 + R |
| Residential Units | 248 units |
| Retail Units | 6 total |
| Ownership | Freehold |
| Payment Plan for Retail Units | 50/50 |
Retail Overview
- Unit Type: Ground-floor commercial
- Total No. of Retail Units: 6
- Retail Unit Sizes: From 1,435 sq. ft. to 2,654 sq. ft.
- Starting Price: From AED 4,000 PSF *******CONTACT US FOR SPECIAL NEGOTIATED PRICE
- Use Cases: Suitable for a variety of businesses including cafés, convenience retail, wellness, clinics, beauty services, and other customer-facing services.
- Access: Direct street frontage with residential and visitor foot traffic
- Estimated Handover: Between Q4 2028 and Q2 2029
Design & Finishes
While retail unit finishes have not yet been disclosed, Object 1 developments typically follow a modern, minimal aesthetic with high attention to layout efficiency and greenery.
Views
- One side overlooks the Ras Al Khor Wildlife Sanctuary and Downtown Dubai skyline
- Other side offers views over community lagoon and internal landscaped areas
Anticipated Project Amenities
- Grand entrance lobby with reception
- Rooftop pool and lounge deck
- Fully equipped fitness and wellness zones
- Landscaped recreational areas
- Kids’ play areas
- Smart access and security systems
- Work-from-home lounge and community zones(Amenities subject to confirmation)
About the Developer – Object 1
Object 1 is part of the international TSZ Group, which has over a decade of development experience across Europe and the Middle East. With a philosophy rooted in architectural expression, greenery, and functional spaces, the group aims to transform real estate into livable art. Their focus includes community-centric buildings with integrated zones for work, leisure, and well-being.
Location – Meydan Horizon, Bu Kadra
Located at the strategic junction of Ras Al Khor and Al Ain Road, Meydan Horizon is envisioned as the lifestyle centerpiece of Bu Kadra. The area is undergoing rapid transformation, backed by Dubai Municipality’s long-term urban planning.
Key Highlights:
- 2 km manmade canal and 4 km waterfront promenade
- Direct access to Downtown Dubai, Business Bay, and DXB Airport
- Adjacent to Ras Al Khor Wildlife Sanctuary
- Future plans include luxury retail, hospitality, and green infrastructure
- Nearby schools: North London Collegiate, Hartland International (both rated “Very Good”)
- Neighboring projects include Riverside Crescent by Sobha, Skyvue Stellar, and more
Bu Kadra is evolving from a low-density green zone into a strategically positioned waterfront district, ideal for early-stage investors and retail brands looking to establish long-term presence.
Illustrative model
Scenario modeller
Set your own assumptions and see how Serenia Waterside Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
How each figure is calculated
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
Location
Serenia Waterside — Meydan Horizon, Dubai