The pricing differential on this opportunity is material and immediately quantifiable.
- Developer’s original price: AED 4,600 per sq. ft.
- Developer's lowest recorded transaction: AED 3,295 per sq. ft.
- Our special off-market entry price: AED 2,900 per sq. ft.
This represents a discount of over 36% to the original developer pricing, creating immediate embedded equity at the point of acquisition. In fact the lowest recorded Oqood transaction registered since the launch is AED 2,983,000, and our lowest available price is AED 2,140,000.
From an income perspective, the numbers are equally compelling. Using a conservative downside rental assumption of just AED 350 per sq. ft., the asset delivers a projected net rental yield in excess of 10% from day one.
This is deliberately cautious.
Comparable Grade A+ office buildings in similar locations are already achieving AED 450+ per sq. ft., supported by exceptionally low vacancy rates and sustained demand from corporate occupiers. At those rental levels, the yield profile improves materially beyond the base-case projection.
Importantly, these yield estimates do not factor in future rental growth, which is widely expected given the structural undersupply of Grade A office space across Dubai. With limited new stock coming online and demand continuing to expand, upward pressure on rents is not speculative—it is already evident in market data.
This combination of:
- Deep discount to replacement cost
- Double-digit net yield on conservative assumptions
- Clear rental growth tailwinds
makes this a rare example of a commercial investment offering both immediate income strength and medium-term capital upside, rather than forcing a trade-off between the two.