SIEC have been commissioned by Al Ghurair Real Estate LLC to carry out a preliminary vision study for a vacant plot located in Al Rigga, Dubai, UAE.
Our proposal was prepared assessing the specific plot density and setback restrictions. The SIEC proposal presented addresses the area positioning requirements in terms of unit mix, building amenities and maximises the building efficiency ratio at 87%
The correlation between current lease rates compared to current construction costs mandate the adoption of a highly efficient design utilising mid-market finishes in order to maximize the financial return dynamics for the subject development.
The report outlines the following components
Design – Site Understanding and Context, Site Master plan, Elevations, Area Schedule, Detailed Floor Plans and Exterior Perspectives.
In summary, the opportunity to develop the subject land parcel provides an attractive equity return on investment through rental income.