Avior by Acube in Dubai, Sheikh Zayed Road

In a buy-to-let context, Avior by Acube is priced within a tier of products where the sale value does not significantly exceed the rental prices typically paid by tenants in the area, as long as demand persists at healthy levels, which should ensure solid materialization of gross yields. Reference rents for comparable buildings on Sheikh Zayed Road can be applied to place realistic working assumptions on gross yield ranges for 1-Bedroom through to 3-Bedroom apartments, which would place the midpoint of a realistic yield range at around 2.3% (the lowest yield point), with higher yield points (0% to 3.5%) able to be maintained across all product types (1-Bedrooms to 3 Bedrooms), but limited relevance maintained for 3+ bedroom units for yield-focused landlords (The focus on value for money should be sustained for higher format units). The premium product offering within its value proposition is a “turnkey” delivery that limits potential buyers to spending a predefined amount of capital towards post-delivery fit-out options in various aspects of their units. The expected narrative for this project targets long-term buyers who may view it as a primary residence or a secondary residence with long-term buying prospects rather than the narrative framing it for pure yield-focused investors.

Pricing transparency as well as unit square footages remain fundamental elements in identifying products worthy of consideration for purchase. The current product offering includes standard products such as one-bedroom units through to luxury four-bedroom duplexes, with example units available for viewing and comparison within a defined reference set (current reference set includes 1-Bedroom units, 2-Bedroom units, 3 Bedroom units, 4 Bedroom units and 4-Bedroom duplexes and 5-bedroom duplexes), with unit square footages and prices made available upon request for buyers with interest in this project; with example units available for viewing, including a one-bedroom unit measuring 91 m² priced at a sale value of $844,100, while the largest available unit measuring 342.2 m² is a four-bedroom duplex priced at a sale value of $5,446,000.

Payments conditions remain a critical risk management element for off-plan buyers targeting higher levels of stability in their payments, hence the payment conditions referenced for this project relate to a down payment of 20% paid upon the execution of the sale agreement, with subsequent payments made at separate and defined stages related to project development phases up to a total payment value of 40%. The conditions are then set out in an interest-free installment plan that requires buyers to pay for their units upon project delivery, which is expected to occur according to the final schedule referenced in milestone documentation rather than any other tentative delivery dates (to ensure stability within their payment conditions).