Development Plot for Sale in Dubai South – JV, G+4, 64 Units, 30,041 Sqft

A Part-Built Residential Development in Dubai South

This is a joint-venture opportunity on a 30,041 sqft development plot in Dubai South, with a permitted G+4 residential scheme already 13% constructed. Detailed drawings and designs are approved, and shoring and piling are complete, so a buyer or partner starts from site progress rather than from an empty plot.

Project Snapshot

Planned Unit Mix: 64 Residential Units

Deal Structure

• Total consideration: AED 28,000,000
• AED 5M upfront on signing
• AED 23M payable before the Building Completion Certificate (BCC)

Investment Analysis

The figures below come from the project information supplied to us. They are the seller's projections, not guarantees, and each buyer should run their own feasibility study.

The consideration is made up of the AED 15.8M plot value plus the work already completed, which the seller puts at AED 6–7M. The AED 23M balance is due only before BCC, so the cash needed at signing is AED 5M. Construction cost to complete, finance, sales and marketing, and authority fees are not included in the figures above and should be budgeted separately.

First-Year Costs to Plan For

• AED 5M upfront payment on signing
• Transfer or registration fees and legal costs, which depend on the final JV or transfer structure
• Remaining construction cost and consultant fees
• Authority fees and the escrow requirements that apply to off-plan sales in Dubai

Who This Suits

Developers and investors who want a residential scheme that is already approved and started, with a studio and one- and two-bedroom mix aimed at the Dubai South rental and resale market.

Next Steps

Contact FindCommercial to request the full project pack and to arrange a discussion with the seller side. Title and tenure documents, approvals and progress certificates are verified with the seller before any commitment.

Images are illustrative and for conceptual purposes only.

Good to Know:

• Lease terms: Deal terms: total consideration AED 28,000,000, paid AED 5M upfront on signing and AED 23M before the Building Completion Certificate (BCC).
• Note: Project: GFA 52,443 sq ft, BUA 70,848 sq ft, G+4, 13% constructed, shoring and piling done, drawings approved, about AED 6-7M invested. 64 units: 16 studios, 16 one-bed, 32 two-bed.
• Note: Seller's projection (not a guarantee): sales value about AED 68M at AED 1,300 per sq ft, before the construction cost to complete. Plot valuation quoted AED 15.8M.