Palm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
Upper House West Retail — commercial retail unit from Mitchell's Commercial Real Estate

Upper House West Retail

Pricing and termsConnect for special pricing and payment terms.
Payment plan60/40
Size
1,657 sq ft
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Property

Upper House West by Ellington

Location:  JLT - Jumeirah Lake Towers, Dubai (Vibrant lifestyle district with direct access to DMCC Metro and proximity to Marina, Palm Jumeirah, and Downtown Dubai)

Project Overview

Freehold residential and retail development

B + G + Podium + Multiple Floors

Retail Units: 2 Ground Floor Units (Available for Sale)

Residential Configuration:  

  • Studio: 340–461 sq. ft. (Multiple layouts)
  • 1 Bedroom: 754–945 sq. ft. (Various configurations: Types A to K)
  • 2 Bedroom: 1,048–1,259 sq. ft.
  • 2 Bedroom + Maid: 1,247–1,422 sq. ft.
  • 3 Bedroom: 1,581–1,823 sq. ft.

Retail Spaces: 

  • Unit W-Retail-03: 1,187.26 sq. ft. – AED 4,630,828
  • Unit E-F&B: 1,657.32 sq. ft. – AED 6,463,828

Parking Allocation:  

  • Studio/1BR/2BR: 1 parking space
  • 2BR+M/3BR: 2 parking spaces

Retail Overview

  • Starting Prices: From AED 3,895 PSF
  • Available Unit Sizes:1,187 & 1,657 sq. ft.
  • Payment Plan: 60/40
  • Handover: Q4 2026

Amenities

  • Double-height hotel-style entrance and furnished lounge
  • Sky spa, vitality pool, and infinity-edge swimming pool
  • Sky fitness club, climbing wall, aerial yoga, and outdoor fitness deck
  • Private cinema, arcade room, podcast studio, and artist residency

Clubhouse lounge with library, pantry, and games area

  • Kids play zones, skate park, BBQ stations, and co-working pods
  • EV charging, bicycle workshop, valet drop-off, and visitor parking
  • Smart building features and wellness-centric design approach
  • Views

    • North: JLT skyline and Dubai Marina
    • South: Dubai Hills and lush green corridors
    • East: Downtown Dubai and Burj Khalifa
    • West: Emirates Hills and golf fairways

    Illustrative model

    Scenario modeller

    Set your own assumptions and see how Upper House West Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

    Purchase

    The price you are considering.

    Drives the service charge only.

    Rent and service charge both start here.

    Holding & income

    Your figure. We have not assumed one.

    0% holds rent flat. It may be negative.

    Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

    Your figure — we publish none. Letting fees and routine repairs.

    Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

    Acquisition costs

    4% is the Dubai standard.

    Buyer-side. 5% VAT added.

    Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

    Exit

    1 to 40 years.

    0% by default: we publish no price forecasts.

    5% VAT added automatically.

    Nothing to calculate yet

    Enter the asking price to run the model.

    Every figure recalculates as you type. Use the price you are considering.

    Method
    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 Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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