Palm JumeirahAED 3,627/sqftDubai Maritime CityAED 3,134/sqftDowntown DubaiAED 2,917/sqftDubai IslandsAED 2,754/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,559/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,441/sqftJumeirah Lakes TowersAED 2,283/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,049/sqftJumeirah Village TriangleAED 1,662/sqftDubai SouthAED 1,648/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,503/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,627/sqftDubai Maritime CityAED 3,134/sqftDowntown DubaiAED 2,917/sqftDubai IslandsAED 2,754/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,559/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,441/sqftJumeirah Lakes TowersAED 2,283/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,049/sqftJumeirah Village TriangleAED 1,662/sqftDubai SouthAED 1,648/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,503/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
Interstellar Tower Cancellation Deal

Special Deal

Interstellar Tower Cancellation Deal

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Floor plan for Interstellar Tower Cancellation DealFloor planView full size

Floor plan

Floor plan for Interstellar Tower Cancellation Deal

Special Deal

OVERVIEW OF THE DEAL

A single office unit at Interstellar Tower in Jumeirah Village Triangle has returned to Mr. Eight Development following a cancellation, and has been released to us directly rather than going back into the public inventory. There is one unit, not an allocation, and when it is committed the deal is finished.

It is Office 203 on the second floor — 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 are taking the unit to market at an indicative AED 2,000 per square foot — AED 3,518,080 excluding VAT. That figure is ours, not the developer's: Mr. Eight Development's own price schedule for Interstellar Tower states AED 3,762,000 excluding VAT for Office 203, and the AED 2,000 is the entry level we are taking the unit to market at and will negotiate on. It is indicative until it is agreed with the developer.

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

WHY THIS DEAL STANDS OUT

  • It is one unit. A cancellation releases a single specific unit on a specific floor. There is no shortlist to work through and no second identical unit behind it.
  • At our indicative price it would sit below every registered sale in the building. Thirteen off-plan office sales have been registered at Interstellar Tower with the Dubai Land Department. At an indicative AED 2,000 per square foot on total area, Office 203 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 Office 203, 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)
Indicative 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 Office 203 beneath its own note that commercial property in the UAE carries 5% VAT and that all prices mentioned are excluded of VAT. The sales offer for Office 203 — reference MR8-Office 203-10/09/2026, dated 10 September 2026, and downloadable from this page — 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 Office 203 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 thirteen sales in this building on, checked row by row against the developer's own area schedule, so Office 203 and the comparables below are measured on the same denominator. The one place we depart from it is deliberate and labelled: Office 203 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. Office 203, at 1,759 sq ft, is the eighth smallest of the 22: the midpoint of that range is 2,698 sq ft, so the unit 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 — 203 203 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 the cancellation buys is access — a specific unit, on a specific floor, available now rather than at a public release — and that is precisely how a cancellation unit is defined on our special deals hub. The AED 2,000 per square foot quoted here is our indicative entry level rather than the developer's number, and it still has to be agreed with them.

WHAT THE DUBAI LAND DEPARTMENT REGISTER SHOWS

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.

Thirteen off-plan office sales have been registered in Interstellar Tower — every office registration the building has, from 4 February to 13 August 2026. 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 of the 13 2,202.67
Median of the 13 2,394.33
Highest of the 13 2,877.19
Office 203, indicative 2,000.00

At an indicative AED 2,000 per square foot, Office 203 would price below every office sale registered in the building9.20% under the lowest of the thirteen, 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. Thirteen registrations, all thirteen shown — this is the building's complete office record, not a sample of a larger market. Price per square foot is calculated on the registered procedure area, which on every one of the thirteen is the developer's stated total area for the unit.

WHAT THE BALCONY DOES TO THAT COMPARISON

Office 203's 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 four 1,193.18 sq ft sales carry no balcony at all; three more carry 19.2% and two carry 10.9%. Only four of the thirteen — 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 thirteen sales run from AED 2,370.26 to AED 3,399.48 per square foot, median AED 2,962.13. On that basis:

Office 203, 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 the thirteen

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 thirteen 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 thirteen 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 Office 203 sales offer 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.

HOW FAR THE FRAME CAN BE WIDENED

Thirteen sales is a full census of one building, 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, Jumeirah Village Triangle registered twenty off-plan office sales in total, and thirteen of them are this tower. The other seven are 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 Office 203; 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 thirteen 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 are taking the unit to market at, and once on the price the developer quotes in the sales offer you can download from this page. The structure, the triggers and the percentages are the developer's in both columns; only the price they are applied to differs.

Indicative 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 indicative 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 Office 203's 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.

WHAT WE ARE STILL CONFIRMING

We would rather tell you what is open than let it surface after a reservation.

  • The price. AED 2,000 per square foot is where we are taking this unit to market; it is not the developer's number and it has not been agreed with them. Ask us and we will tell you where the negotiation stands on the day you ask.
  • DLD project registration and escrow details for MR8: INTERSTELLAR, which should be confirmed before any payment is made. 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.

NEXT STEPS: HOW TO SECURE THE UNIT

There is one unit and no queue behind it, so the sequence is short.

  • Review the documents. The sales offer for Office 203 and the floor plans carrying the full office area schedule are both on this page. The sales offer states the developer's price, not ours — read it alongside the indicative figure above, and note that every rate on this page is on total area, the 1,233.22 sq ft suite plus the 525.82 sq ft balcony.
  • Check the registration. Before any money moves, the project's DLD registration and escrow account details should be confirmed, and your own lawyer should read the sale and purchase agreement. Ask us and we will obtain the developer's confirmation in writing.
  • Reserve. At the indicative price the first payment is AED 884,520 — 20% of the price, plus the 4% DLD fee and the AED 5,000 administration fee — falling due on signing the SPA, at which point the purchase is recorded in the Dubai Land Department's interim register.

Get in touch for the sales offer and the current position on the unit, or book a call to go through the numbers line by line.

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Illustrative model

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Set your own assumptions and see how Interstellar Tower Cancellation Deal behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are actually 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 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 Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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