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

Upper House West Retail
- Size
- 1,657 sq ft
Property
Upper House West by Ellington
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
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.
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.


