The Opportunity
UAE residential markets offer a persistent, measurable pricing inefficiency. The same community. The same floor plan. A material price gap driven by condition alone. That gap is the return.
A renovation-led value-add strategy: we acquire underpriced, unrenovated assets in the UAE — with a primary focus on Dubai and Abu Dhabi — upgrade them to current buyer expectations and sell. Target net returns of approximately 20% per annum, without requiring market appreciation.
WHY THIS OPPORTUNITY
Comparable properties in the same established UAE community trade at material discounts based on condition alone — not location, not size. This inefficiency is consistent across market cycles and directly observable in transaction data.
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Abu Dhabi recorded AED 117 billion in H1 2026 transactions, up 112% year-on-year, with foreign investment already exceeding all of 2025. In Jumeirah Islands — a core target community — DLD data shows prices up over 23% year-on-year, even as broader Dubai volumes cooled.
02
Net gain per asset cycle of approximately 24.4% of acquisition price translates, at fund level, to a target net IRR of around 20% per annum — driven by execution rather than capital appreciation, yield compression or market momentum.
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HOW WE CAPTURE IT
Off-market acquisition at a discount to renovated comparables. Investment Committee approval required.
01
EXIT
Private sale to end-users at renovated-comparable pricing. Transfer fees borne by the buyer.
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RECYCLE
Proceeds redeployed immediately. Multiple cycles per annum drive compounding returns.
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