In this partnership, the owner maintains ownership of the plot throughout the development process with Zenith. Moreover, the plot will be assessed at its market price, and Zenith will suggest the project’s portion as the development cost.
Plot-owner profit estimation
To provide a comprehensive understanding of potential advantages, we present a case study that assesses profit estimation, examining the expected gains of the plot owner investment partner based on current market prices.
Case study
The provided example, with data as of February 2024, offers a detailed guide for investors interested in upscale residential property development, providing comprehensive details as follows:
- location: Jumeirah Village Circle(JVC)
- Structure: G+3P+11
- Plot Value: 25,754,580 AED
- Saleable Area: 128,032 ft²
- Total Built-Up Area: 207,468 ft²
- GFA: 143,081 ft²
The cost breakdown for project development is outlined as follows:
Land cost per build up area
180 AED / ft²
+
Construction
320 AED / ft²
+
Design & quality control
15 AED / ft²
+
Miscellaneous
15 AED / ft²
+
Management
25 AED / ft²
+
Luxurious Finishing & Adding Value
100 AED / ft²
+
VAT
15 AED / ft²
=
Luxurious Property
670 AED / ft² (Gross Area)
Converting gross cost to net cost by Adding 35%
Luxurious Property
904 AED / ft² (Net Area)
The price for such luxurious projects, based on the market range, will be approximately 1710 AED/ft²(net area). Therefore:
- Total Cost Amount: 115,740,928 AED
- Total sale Amount: 218,934,720 AED
- Plot Owner Sellable Area: 28,489 ft²
Based on the provided information, the plot owner is anticipated to realize a substantial profit, estimated at 89%, over the course of two and a half years.
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Plot-owner Partnership
In this partnership, the owner maintains ownership of the plot throughout the development process with Zenith. Moreover, the plot will be assessed at its market price, and Zenith will suggest the project's portion as the development cost.
Plot-owner profit estimation
To provide a comprehensive understanding of potential advantages, we present a case study that assesses profit estimation, examining the expected gains of the plot owner investment partner based on current market prices.
Case Study
The provided example, with data as of February 2024, offers a detailed guide for investors interested in upscale residential property development, providing comprehensive details as follows:
- Project: Jumeirah Village Circle (G+3P+11 floors)
- Plot Value: 25,754,580 AED
- Saleable Area: 128,032 ft2
- Total Built-Up Area: 207,468 ft2
- GFA: 143,081 ft2
The cost breakdown for project development is outlined as follows:
Cost breakdown chart for development by Zenith
Land cost per build up area
180 AED / ft²
Management
25 AED / ft²
Luxurious Property
670 AED / ft² (Gross Area)
+
+
Construction
320 AED / ft²
Luxurious Finishing & Adding
Value 100 AED / ft²
+
+
Design & quality control
15 AED / ft²
VAT
15 AED / ft²
Luxurious Property
904 AED / ft² (Net Area)
+
=
Miscellaneous
15 AED / ft²
Luxurious Property
670 AED / ft² (Gross Area)
The price for such luxurious projects, based on the market range, will be approximately 1710 AED/ft²(net area). Therefore:
- Total Cost Amount: 115,740,928 AED
- Total sale Amount: 218,934,720 AED
- Plot Owner Sellable Area: 28,489 ft²
Based on the provided information, the plot owner is anticipated to realize a substantial profit, estimated at 89%, over the course of two and a half years.
