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
Interstellar Tower Cancellation Deal — special deal from Mitchell's Commercial Real Estate

Special Deal

Interstellar Tower Cancellation Deal

Sold

This deal has closed and the units are no longer available. The page is kept as a record of a deal we brought to market. Every figure on it — the entry price, the discount to the developer’s own pricing, the payment schedule and the projected returns — is the position as the deal was offered, and is historic. It is not an indication of what the same units, or comparable ones, would cost today. Ask us what is currently available on comparable terms.

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Floor plan for Interstellar Tower Cancellation Deal

Special Deal

OVERVIEW OF THE DEAL

A single office unit at Interstellar Tower in Jumeirah Village Triangle returned to Mr. Eight Development following a cancellation, and was released to us directly rather than going back into the public inventory. There was one unit, not an allocation, and it sold immediately. What follows is the record of how it was priced and what it was priced against.

It is a second-floor office of 1,759.04 sq ft, comprising a 1,233.22 sq ft suite and a 525.82 sq ft balcony. Completion is scheduled for Q3 2028.

We took the unit to market at an indicative AED 2,000 per square foot — AED 3,518,080 excluding VAT. That figure was ours, not the developer's: Mr. Eight Development's own price schedule for Interstellar Tower states AED 3,762,000 excluding VAT for this unit, and the AED 2,000 was the entry level we took it to market at. It was indicative throughout and was never a price the developer had agreed.

Mr. Eight Development also offers a lease back direct from the developer at 10%, quoted after service charges.

DEAL HIGHLIGHTS

  • It was one unit. A cancellation releases a single specific unit on a specific floor. There was no shortlist behind this one and no second unit on the same terms — which is why it went as quickly as it did.
  • At our indicative price it would sit below every registered sale in the building. We hold every off-plan office sale registered at Interstellar Tower with the Dubai Land Department. At an indicative AED 2,000 per square foot on total area, the unit would come in 9.20% under the lowest of them and 16.47% under the median. That is on total area, which includes a balcony of 525.82 sq ft; measured on internal suite area alone the answer changes, and both are set out below.
  • There is a leaseback. Mr. Eight Development offers a lease back direct from the developer at 10%, quoted after service charges.
  • The payment plan is genuinely 50/50. Half the price is staged across construction; half falls at completion, when the balance becomes mortgageable.

THE UNIT

Project MR8: INTERSTELLAR, Jumeirah Village Triangle
Developer Mr. Eight Development
Unit Second floor, unit type Office 3
Suite area 1,233.22 sq ft / 114.57 sq m
Balcony area 525.82 sq ft / 48.85 sq m
Total area 1,759.04 sq ft / 163.42 sq m
Price quoted by the developer AED 3,762,000 excluding VAT (AED 3,950,100 including 5% VAT)
Target price through Mitchell's AED 3,518,080 excluding VAT — subject to agreement with the developer
Price per sq ft, total area AED 2,000 indicative through us · AED 2,138.67 as quoted by the developer
Status Under construction
Estimated completion Q3 2028

Source: areas and the developer's price from Mr. Eight Development's Interstellar Tower office floor-plan and unit schedule, which states AED 3,762,000 for this unit beneath its own note that commercial property in the UAE carries 5% VAT and that all prices mentioned are excluded of VAT. The developer's sales offer of 10 September 2026, which we hold, corroborates that figure twice over: its selling price of AED 3,950,100 is AED 3,762,000 with 5% VAT added, and its DLD registration fee of AED 150,480 is 4% of AED 3,762,000. The developer publishes its schedule without a visible price column; ask us and we will put its stated price for this unit to you in writing. The indicative AED 2,000 per square foot is Mitchell's own figure and appears nowhere in the developer's paperwork — it is the level this unit is being taken to market at through us, and it has still to be agreed with Mr. Eight Development.

Unless a figure says otherwise, every price per square foot on this page is calculated on total area — the suite plus the balcony, 1,759.04 sq ft. That is the area the Dubai Land Department registered every one of the sales in this building on, checked row by row against the developer's own area schedule, so this unit and the comparables below are measured on the same denominator. The one place we depart from it is deliberate and labelled: this office carries a larger balcony share than most of the units it is being compared with, so the comparison is also shown on internal suite area alone, under What the balcony does to that comparison below.

PRICING & MARKET POSITIONING

The tower has 22 office units across floors two to six, ranging from 1,193 sq ft to 4,202 sq ft on total area. This unit, at 1,759 sq ft, is the eighth smallest of the 22: the midpoint of that range is 2,698 sq ft, so it sits in the lower half by size. Where it sits on price is answered below, against the register.

Floor Units Total area (sq ft)
2nd 201–205 1,193 – 3,113
3rd 301–305 1,193 – 3,113
4th 401–405 1,193 – 2,735
5th 501–505 1,193 – 2,735
6th 601–602 3,798 – 4,202
This unit 2nd floor 1,759

Source: Mr. Eight Development office floor plans for Interstellar Tower, floors 2 to 6.

We are deliberately not describing this as a developer discount. Mr. Eight Development has not repriced the unit: the sales offer dated 10 September 2026 is at the list price, and we have seen no document that shows a reduction. What a cancellation buys is access — a specific unit, on a specific floor, released to a broker rather than held for a public launch — and that is precisely how a cancellation unit is defined on our special deals hub. The AED 2,000 per square foot quoted here was our indicative entry level rather than the developer's number, and it was never agreed with them.

THE DUBAI LAND DEPARTMENT REGISTER

We do not benchmark off a portal. We hold the Dubai Land Department transaction register ourselves, and Interstellar Tower has been selling since January 2026, so the comparison can be made against registered sales rather than against asking prices.

Off-plan office sales in Interstellar Tower have been registered with the Dubai Land Department from 4 February to 13 August 2026 — every office registration the building has. They run from AED 2,202.67 to AED 2,877.19 per square foot, with a median of AED 2,394.33.

Registered off-plan office sales, Interstellar Tower AED per sq ft
Lowest registered sale 2,202.67
Median of the registered sales 2,394.33
Highest registered sale 2,877.19
This unit, indicative 2,000.00

At an indicative AED 2,000 per square foot, this unit would price below every office sale registered in the building — 9.20% under the lowest of them, 16.47% under the median and 30.49% under the highest. The developer's own quoted price of AED 2,138.67 per square foot already sits under the lowest registered sale, by 2.91%.

Source: Dubai Land Department transaction register, transactions 4 February to 13 August 2026, data to 14 September 2026. Every off-plan office registration in the building is shown — this is its complete office record, not a sample of a larger market. Price per square foot is calculated on the registered procedure area, which on every registration is the developer's stated total area for the unit.

THE BALCONY IN THE COMPARISON

The balcony is 525.82 sq ft — 29.9% of the 1,759.04 sq ft being bought. The registered comparables are not all built that way. The 1,193.18 sq ft sales carry no balcony at all; others carry 19.2%, and others 10.9%. Only the 1,967.75 and 2,510.36 sq ft units, at 29.6% and 27.6%, are balconied anything like this one.

That matters, because it changes the ranking — and at the developer's price it reverses it. Measured on internal suite area alone, the same registered sales run from AED 2,370.26 to AED 3,399.48 per square foot, median AED 2,962.13. On that basis:

This unit, on 1,233.22 sq ft of suite AED per sq ft of suite Against the suite median of 2,962.13
At the developer's AED 3,762,000 3,050.55 2.99% above
At our indicative AED 3,518,080 2,852.76 3.69% below — but 20.36% above the lowest of them

So the unit is not below the median on suite area, and at our indicative price it is not below every sale either — only below the median. We are keeping total area as the published basis, because that is what the Dubai Land Department registered all of these sales on, it is what Dubai sells on, and changing denominators midway through a comparison would stop it being like for like. But close to a third of what is being bought here is balcony, and it should be priced as balcony.

Source: suite and balcony areas from Mr. Eight Development's Interstellar Tower office floor-plan schedule, floors 2 to 6; amounts from the Dubai Land Department transaction register, the same registrations as above, data to 14 September 2026. Suite rates are the registered amount divided by the developer's stated suite area for a unit of that total area.

THE ONE REGISTRATION THAT CAME IN UNDER

The AED 2,000 per square foot is our ask, and we have said twice on this page that it is ours rather than the developer's. What the register does show is that Mr. Eight Development has already registered a sale below a level it had twice held.

The 1,193.18 sq ft office — the tower's smallest floorplate, and the only one with no balcony — registered at AED 2,977,000 on 16 July 2026 and at AED 2,977,000 again on 11 August 2026. Two days later, on 13 August 2026, transaction 102-71607-2026 registered the same 1,193.18 sq ft at AED 2,828,150 — exactly 95.00% of the level the two preceding sales had held to. It is the most recent office registration in the building, and it was recorded four weeks before the sales offer on this unit was issued.

One registration is a precedent, not a policy. It does not entitle anyone to the same treatment on a different unit, and we are not offering it as a promise. It is the reason our ask is a position with something behind it rather than an assertion.

Source: Dubai Land Department transaction register, transactions 102-63059-2026 (16 July 2026), 102-70779-2026 (11 August 2026) and 102-71607-2026 (13 August 2026) — all three 1,193.18 sq ft off-plan offices at Interstellar Tower; data to 14 September 2026.

WIDENING THE COMPARISON

A full census of one building is not a market statistic, and we would not stretch it into one. The wider frame is thin, and we would rather show you how thin than assert there is nothing there.

Over the twelve months to 14 September 2026, the only off-plan office sales registered in Jumeirah Village Triangle outside this tower were seven, across two projects: four at ELARIS Rise, registered in January 2026 between AED 1,659.00 and AED 2,079.00 per square foot, and three at THE VYNE RESIDENCES, registered on 4 January 2026 between AED 402.18 and AED 592.58 per square foot. All seven sit below the developer's AED 2,138.67 for this unit; four of the seven also sit below our indicative AED 2,000, and the three ELARIS Rise sales at AED 2,079.00 sit above it.

We have set those seven aside rather than average them in, for two reasons we can name. We hold no developer area schedule for either project, so we cannot confirm that those registrations were made on the same total-area denominator this tower's registrations were. And THE VYNE's AED 402–593 per square foot is so far below any Dubai office rate that we would not treat those three as arm's-length comparables without seeing the paperwork behind them. Declining to widen the frame is a judgement we can defend; claiming it cannot be widened would not be. Ask us and we will send you the seven rows.

Source: Dubai Land Department transaction register, off-plan office registrations in Jumeirah Village Triangle, 15 September 2025 to 14 September 2026, data to 14 September 2026. Counted on distinct transaction numbers: the register carries the same sale under two identifier formats for part of this period, and the duplicate rows have been removed before counting. Six further Jumeirah Village Triangle office rows in the same window are grant procedures on existing property rather than off-plan sales, and are excluded.

PAYMENT PLAN & FINANCING

The plan is 50% staged through construction and 50% on completion. The instalment percentages are calculated on the VAT-inclusive price, as set out in the developer's sales offer.

SAMPLE SCHEDULE OF INSTALMENT PAYMENTS

The schedule below is shown twice over: once on the indicative price we took the unit to market at, and once on the price the developer quotes in its own sales offer for the unit. The structure, the triggers and the percentages are the developer's in both columns; only the price they are applied to differs.

Target price: AED 3,518,080 excluding VAT · AED 3,693,984 including 5% VAT

Developer's quoted price: AED 3,762,000 excluding VAT · AED 3,950,100 including 5% VAT

Payment Trigger % At the target price (AED) At the quoted price (AED)
1st instalment + DLD fee + admin fee On signing the SPA 20% + 4% DLD + AED 5,000 admin 884,520 945,500
2nd instalment Within 6 months of the booking date 5% 184,699 197,505
3rd instalment Within 12 months of the booking date 5% 184,699 197,505
4th instalment Building 30% complete 10% 369,398 395,010
5th instalment Building 75% complete 10% 369,398 395,010
6th instalment, on completion Building 100% complete 50% 1,846,992 1,975,050
Total 3,839,706 4,105,580

Each total above is the sum of the rounded instalments in its own column, and each column is the price including VAT plus the two fees taken with the first payment: the Dubai Land Department fee — AED 140,723 at the indicative price, AED 150,480 at the quoted price — and the AED 5,000 administration fee. The developer's column is exact to the dirham. The indicative column is not, because the percentages fall on a price that does not divide cleanly: before rounding it comes to AED 3,839,707.20, so the rounded instalments add to one dirham less.

The 50% completion payment is the balance a UAE bank would normally be asked to finance at handover, which is what makes the equity actually deployed through the build a little over half the headline price. Our guide to developer payment plans and bank mortgages sets out the trade-off; nothing on this page assumes a mortgage has been approved.

SERVICE CHARGE & RUNNING COSTS

What an office costs to hold matters as much as what it costs to buy, so the running figure belongs on the same page as the price — though it is not a second deduction from the leaseback above, which is quoted at 10% after service charges.

Our Interstellar Tower office listing records the developer's service charge estimate at AED 18 per sq ft on the internal suite and AED 6.25 per sq ft on the balcony — on the 1,233.22 sq ft suite and 525.82 sq ft balcony, approximately AED 25,500 a year. That is the developer's estimate rather than a certified budget. Ask us and we will tell you where the figure stands on the day you ask.

OPEN POINTS AT THE TIME OF SALE

This page carried its open questions in public while the unit was available, and they stay on it now rather than being quietly tidied away.

  • The price. AED 2,000 per square foot was where we took the unit to market; it was not the developer's number and was never agreed with them. Every rate on this page that rests on it is an indicative one.
  • DLD project registration and escrow details for MR8: INTERSTELLAR, which should be confirmed before any payment is made on any unit in the project. Our guide to RERA, Ejari and Oqood explains how an off-plan purchase is registered and how escrow protects the instalments.
  • Mr. Eight Development's delivery record on completed projects. An off-plan purchase underwrites the developer as much as the building, and Interstellar Tower is the company's first commercial project we cover.

THIS DEAL HAS CLOSED

The cancellation office sold immediately, and it is not available. Everything above it — the indicative AED 2,000 per square foot, the instalment schedule, the comparison against the Dubai Land Department register and the questions we had not closed — is the record of how that one unit was priced in September 2026. None of it is a live quote.

It is still worth reading, because the working is the part that transfers. The registered sales, the suite-versus-total-area problem and the single registration that came in at 95% of a level the developer had twice held are facts about the building, not about the unit that has gone, and they are the same facts any office in Interstellar Tower has to be judged against.

The tower is covered in our Interstellar Tower building guide, our Interstellar Tower office listing carries the unit-level detail, and anything we are currently representing there appears on the special developer deals hub.

Tell us the floor size, budget and completion date you are working to, and we will come back with what is open — in this tower or elsewhere in Jumeirah Village Triangle.

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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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