Latest news with #OneBrokerGroup
Zawya
2 days ago
- Business
- Zawya
Prospect and Mulk Properties officially launch The LX – AED350mln Premium Commercial Development in Arjan, Dubai
Dubai, UAE – In a strategic move to address Dubai's growing demand for premium commercial spaces, Prospect, in partnership with Mulk Properties, has officially launched The LX – a landmark AED 350 million boutique office and retail development in Arjan, one of the city's most dynamic and rapidly expanding districts. One Broker Group (OBG) will be the exclusive sales partner for the project which was unveiled at a high-profile launch event at the Waldorf Astoria, Palm Jumeirah. Set for handover in Q3 2027, The LX features 71 premium boutique office units and 2 curated retail spaces, offering modern businesses and discerning investors a rare opportunity to own commercial assets in a location experiencing unprecedented growth. With demand for flexible, high-specification office spaces at an all-time high in Dubai, The LX is positioned to fill a significant gap in Dubai's evolving commercial real estate sector. Mulk Properties, known globally for projects like Zim Cyber City and the Ajman Sports Complex, brings international development expertise and long-term vision to the partnership. 'The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight,' said Nawab Shaji Ul Mulk, Chairman of Mulk International. 'Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like.' The launch comes at a time when Dubai's commercial market is seeing a paradigm shift—away from generic office towers toward purpose-built, design-led spaces that prioritize community integration, functionality, and long-term investment value. Arjan, as a well-connected and increasingly sought-after destination, ticks all these boxes, making it the ideal location for Prospect's newest venture. 'The LX isn't just another commercial development—it's a targeted solution to an urgent market demand,' said Rajat Verma, Co-founder of Prospect. 'Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas.' With One Broker Group leading the exclusive sales mandate, The LX is already drawing strong interest from investors, SMEs, and entrepreneurs looking to establish themselves in a growth-focused location with excellent ROI potential. 'What sets The LX apart is not just its design or pricing—it's how perfectly it aligns with the market's future,' said Umar Bin Farooq, Founder & CEO of One Broker Group. 'We're witnessing a major shift in how commercial real estate is being utilized in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We're proud to represent a development that understands what the market truly needs.' With direct access to major highways, Al Barsha South, Jumeirah Village Circle, and Dubai Science Park, Arjan is one of the few remaining zones offering centrality without congestion. With thousands of new residential units being delivered, the demand for adjacent commercial infrastructure is rising sharply. The LX directly supports this growth by offering a professionally designed, investor-grade asset that balances prestige with practicality. Project Highlights AED 350 million premium commercial development 71 boutique office units & 2 curated retail spaces Contemporary architecture with refined interiors and balconies Dedicated F&B and retail zones Seamless highway access and proximity to key residential hubs Handover expected: Q3 2027 Unit prices starting AED 2 Million onwards With the UAE's commercial real estate sector projected to exceed AED 207 billion by 2030*, The LX is more than timely—it's essential. The project exemplifies how visionary partnerships between leading developers and expert sales strategists can reshape Dubai's commercial real estate future. About Prospect: PROSPECT is a forward-looking real estate investment and development firm specializing in joint ventures, land acquisitions, and turnkey solutions. Established in 2023 with a net worth of AED 2 billion, it is fully licensed and regulated by the Dubai Land Department and RERA. Founded by four seasoned industry leaders, PROSPECT brings together over seven decades of collective real estate experience across Dubai, Ras Al Khaimah, and Abu Dhabi. The team delivers value to developers by managing the entire project lifecycle from land identification to handover. The company is distinguished by its transparency and dedication to delivering exceptional client service. Driven by integrity, innovation, and excellence, PROSPECT creates spaces that align with evolving lifestyles and offer smart investment opportunities across the UAE. About Mulk Properties: Mulk Properties, a subsidiary of Mulk International, drives the group's real estate ventures with a focus on quality and innovation. Mulk International, established in 1982 and headquartered in Sharjah's Hamriyah Free Zone, is a global conglomerate with operations across Europe, the U.S., Africa, India, and the Middle East. Its diverse portfolio is recognized for its impact and scale, the group ranks #7 on Forbes' Top 100 Indian Companies in the Arab World and #8 on Arabian Business' Most Admired Companies in the GCC. About One Broker Group: An award-winning real estate agency focused on selling prestigious and renowned residential properties in the UAE - One Broker Group (OBG) will be exclusive sales partner for The LX. One Broker Group stands as Dubai's most distinguished real estate powerhouse, providing end-to-end solutions for prestigious residential & commercial properties across UAE's most coveted addresses. Our excellence is validated by the Dubai Land Department's recognition as the highest-performing brokerage for transactions in 2022. We excel through record-setting performances, ensuring every market decision drives maximum value for our clients. Our unique capability to generate interest in our exclusive projects through our extensive 10,000+ partner network and more than 150 expert in-house brokers is the core of the enormous value we add to our customers.
Zawya
2 days ago
- Business
- Zawya
Prospect, Mulk unveil 71-unit boutique office, retail project in Dubai
UAE - Prospect, a leading real estate developer, has joined hands with Mulk Properties, for the official launch of its boutique office and retail development - The LX - within Arjan community in Dubai featuring 71 office units and two curated retail spaces. The new project comes in line with its strategic move to address Dubai's growing demand for premium commercial spaces. One Broker Group (OBG) will be the exclusive sales partner for the project which was unveiled at a high-profile launch event at the Waldorf Astoria, Palm Jumeirah. A landmark project being set up at an investment of AED350 million ($95.2 million), the LX features 71 premium boutique office units and 2 curated retail spaces, offering modern businesses and discerning investors a rare opportunity to own commercial assets in a location experiencing unprecedented growth. Set for handover in Q3 2027, The LX X is positioned to fill a significant gap in Dubai's evolving commercial real estate sector. Mulk Properties, known globally for projects like Zim Cyber City and the Ajman Sports Complex, brings international development expertise and long-term vision to the partnership. "The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight," said its Chairman Nawab Shaji Ul Mulk. "Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like," he stated. The launch comes at a time when Dubai's commercial market is seeing a paradigm shift - away from generic office towers toward purpose-built, design-led spaces that prioritize community integration, functionality, and long-term investment value. Arjan, as a well-connected and increasingly sought-after destination, ticks all these boxes, making it the ideal location for Prospect's newest venture. "The LX isn't just another commercial development - it's a targeted solution to an urgent market demand," said Rajat Verma, Co-founder of Prospect. "Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas," he stated. With One Broker Group leading the exclusive sales mandate, The LX is already drawing strong interest from investors, SMEs, and entrepreneurs looking to establish themselves in a growth-focused location with excellent ROI potential. "What sets The LX apart is not just its design or pricing - it's how perfectly it aligns with the market's future," said Umar Bin Farooq, Founder & CEO of One Broker Group. "We're witnessing a major shift in how commercial real estate is being utilized in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We're proud to represent a development that understands what the market truly needs," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
3 days ago
- Business
- Trade Arabia
Prospect, Mulk unveil 71-unit boutique office, retail project in Dubai
Prospect, a leading real estate developer, has joined hands with Mulk Properties, for the official launch of its boutique office and retail development - The LX - within Arjan community in Dubai featuring 71 office units and two curated retail spaces. The new project comes in line with its strategic move to address Dubai's growing demand for premium commercial spaces. One Broker Group (OBG) will be the exclusive sales partner for the project which was unveiled at a high-profile launch event at the Waldorf Astoria, Palm Jumeirah. A landmark project being set up at an investment of AED350 million ($95.2 million), the LX features 71 premium boutique office units and 2 curated retail spaces, offering modern businesses and discerning investors a rare opportunity to own commercial assets in a location experiencing unprecedented growth. Set for handover in Q3 2027, The LX X is positioned to fill a significant gap in Dubai's evolving commercial real estate sector. Mulk Properties, known globally for projects like Zim Cyber City and the Ajman Sports Complex, brings international development expertise and long-term vision to the partnership. "The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight," said its Chairman Nawab Shaji Ul Mulk. "Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like," he stated. The launch comes at a time when Dubai's commercial market is seeing a paradigm shift - away from generic office towers toward purpose-built, design-led spaces that prioritize community integration, functionality, and long-term investment value. Arjan, as a well-connected and increasingly sought-after destination, ticks all these boxes, making it the ideal location for Prospect's newest venture. "The LX isn't just another commercial development - it's a targeted solution to an urgent market demand," said Rajat Verma, Co-founder of Prospect. "Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas," he stated. With One Broker Group leading the exclusive sales mandate, The LX is already drawing strong interest from investors, SMEs, and entrepreneurs looking to establish themselves in a growth-focused location with excellent ROI potential. "What sets The LX apart is not just its design or pricing - it's how perfectly it aligns with the market's future," said Umar Bin Farooq, Founder & CEO of One Broker Group.
Zawya
11-05-2025
- Business
- Zawya
Prospect signs strategic partnership with Mulk Properties and OBG for The LX – A Premium Commercial Development in Arjan, valued at AED350mln
Taps into UAE's commercial construction industry expected to grow to over AED 183 Billion by 2030 Dubai, UAE – Prospect, a Dubai-based real estate investment and advisory firm has entered into a strategic partnership with Mulk Properties, which is a subsidiary of Mulk International, a global industrial conglomerate with diverse businesses, who are expanding their multinational real estate portfolio. The partnership signed is to formalise the development of a one-of-kind, premium, commercial development in Dubai – The LX, valued at AED 350 million, located in the heart of Arjan. The strategic collaboration also brings together One Broker Group, an award-winning, developer-focused real estate agency in Dubai, as the exclusive sales partner for the project. This landmark agreement marks a significant step toward reshaping Dubai's commercial property landscape, with the signing ceremony held on 7th May at MayaBay, Jumeirah Al Naseem, Dubai. In 2024, the Dubai commercial property market recorded a 24% jump in growth, with almost 3,000 office units sold, with transactions valued at AED 89.9 Billion *. This double digit YoY growth pattern is expected to continue with more and more companies registering with Dubai Chamber of Commerce and the lack of office spaces to meet this demand. Dubai's commercial real estate market is experiencing dynamic growth across all sectors. The city's strategic location, business-friendly policies, and infrastructure developments continue to attract global investors and companies, positioning Dubai as a leading commercial hub in the region. According to the UAE Commercial Construction Industry Report of 2025, the sector was valued at AED 156 billion in 2024 and is projected to reach AED 207 billion by 2030, reflecting robust growth with a compound annual growth rate (CAGR) of 4.7%** 'At Prospect, we are proud to partner with Mulk Properties — the real estate development arm of the global conglomerate Mulk International, known for their innovation, scale, and leadership across businesses across 4 continents,' said Rohit Verma, Co-founder of Prospect. 'Our vision aligns deeply with our partners and together we want to create purpose-built, high-performance workspaces that cater to the next generation of business owners. Arjan is one of the most exciting emerging districts in Dubai today, with a steady pipeline of residential and hospitality developments. We will now bring a unique aspect to the real estate landscape of Arjan with our commercial development catered to a huge market gap for offices and retail spaces. Its central location near major highways, established communities, and key business zones makes it an ideal destination for a future-forward commercial asset. We believe The LX will become a signature address for modern businesses in Dubai and we look forward to this journey with Mulk Properties.' 'It is indeed our pleasure to partner with Prospect as we continue to expand our unique real estate portfolio. After Zim Cyber City, our state-of-the-art mixed-use development in Harare, Zimbabwe and the sprawling Ajman Sports Complex spread across 1 million square feet, we are excited to explore the Dubai commercial real estate market, which is growing exponentially,' said Nawab Shaji Ul Mulk, Chairman of Mulk International. 'With Prospect's strategic involvement, we are confident that our upcoming project The LX will become a destination of choice for forward-thinking entrepreneurs, retailers, and investors looking for both prestige and practicality.' Umar Bin Farooq, Founder & CEO of One Broker Group (OBG), added: 'We are proud to lead the sales on this landmark project. The LX represents the future of commercial developments, where design meets function, and where businesses can thrive. Arjan's growth trajectory and connectivity also make this a project of incredible promise. At OBG, we've successfully transacted over AED 7 billion in residential sales. We believe this sector is primed for strong demand—especially in underserved locations like Arjan. Businesses are looking for elevated, flexible office environments, and The LX delivers exactly that. With its premium finishes, retail integration, and F&B offerings, it will offer a complete ecosystem for both investors and end users.' Designed to meet the evolving demands of modern businesses, The LX will feature 71 boutique office and spacious retail units. With generous balconies, refined finishes, and a dedicated F&B hub, the project balances clean, modern design with practical commercial functionality. The development is currently in the off-plan stage, with a targeted handover in Q1 2027. With seamless access to Sheikh Zayed Road, The LX enjoys unparalleled connectivity and visibility, making it an ideal business address in a rapidly expanding community. The project also aligns with Prospect's long-term strategy of investing in future-ready, design-led developments with high growth potential across Dubai. This partnership further cements Mulk Properties' commitment to diversifying its real estate portfolio in the UAE, while reinforcing Prospect's growing reputation for identifying and enabling landmark investments in emerging neighborhoods. ABOUT PROSPECT Established in 2023 by industry veterans, Prospect is a Dubai-based strategic investment and real estate firm. Built on decades of collective expertise from renowned organizations, the company is committed to shaping the UAE's evolving property landscape. As a key player in real estate investment, and advisory, Prospect operates with a long-term vision—investing strategically in assets and projects that align with both financial returns and broader urban growth. With a portfolio valued at over AED 2 billion in partnership with regional stakeholders, Prospect Properties delivers turn-key investment solutions. Recent projects under its umbrella include Maya V in Jumeirah Village Triangle (JVT) with London Gate Developers, The Arthouse Residences in Marjan and The LX in Arjan with Mulk Properties, both of which reflect the firm's forward-thinking approach to residential and commercial real estate. We will be coming up with more projects in 2025 in prime locations of the UAE. Backed by deep market insight and a collaborative network of partners, Prospect Properties continues to lead with purpose—building spaces that define future-ready living and investment value across the UAE. Established in 2023 by industry veterans Rajat Verma, Rohit Verma, Umar Bin Farooq, and Islam El Dafrawy, the company is built on decades of collective expertise from renowned organizations. ABOUT MULK PROPERTIES Mulk Properties, a subsidiary of Mulk International is a multinational conglomerate headquartered in Sharjah's Hamriyah Free Zone. The group's diverse portfolio spans metal composites (Alubond U.S.A.), facade contracting, aluminum coil coatings, plastics, healthcare, cricket assets, and real estate. Ranked among the Top 100 Indian Companies in the Arab World by Forbes and Most Admired Companies in the GCC by Arabian Business, Mulk International is a global leader in innovation and manufacturing, with operations in over 11 countries and a market reach across 90+ countries. ABOUT ONE BROKER GROUP An award-winning real estate agency focused on selling prestigious and renowned residential properties in the UAE - One Broker Group (OBG) will be exclusive sales partner for The LX. One Broker Group stands as Dubai's most distinguished real estate powerhouse, providing end-to-end solutions for prestigious residential & commercial properties across UAE's most coveted addresses. Our excellence is validated by the Dubai Land Department's recognition as the highest-performing brokerage for transactions in 2022. We excel through record-setting performances, ensuring every market decision drives maximum value for our clients. Our unique capability to generate interest in our exclusive projects through our extensive 10,000+ partner network and more than 150 expert in-house brokers is the core of the enormous value we add to our customers.
Khaleej Times
27-02-2025
- Business
- Khaleej Times
Lacasa Living breaks ground on Ola Residences at Al Marjan Island
Lacasa Living, the boutique development arm of Lacasa Architects & Engineering Consultants, has officially broken ground on Ola Residences at Al Marjan Island in Ras Al Khaimah, together with One Broker Group as the exclusive sales partner. With a strong legacy in architectural innovation and thoughtfully designed communities, Lacasa Living is bringing its expertise to this $55 million (Dh200 million) development, setting a new benchmark for beachfront living with contemporary design, Italian finishes, and world-class amenities. Unlike typical project timelines where groundbreaking follows months after launch, Ola Residences is moving ahead at record speed, setting a new standard in the industry. With an expected handover in first quarter of 2027, this flagship development reflects Lacasa Living's commitment to swift execution, high-quality construction, and an investor-first approach. Located on Al Marjan Island, just five minutes from the upcoming Wynn Casino, the project features two basement levels, a ground floor, seven apartment floors, and rooftop amenities. The development comprises 96 fully furnished apartments, evenly split between studios and one-bedroom units. Studio apartments start at 390sqft, one-bedroom units at 820sqft, while select one-bedroom residences with private pools span 1,289sqft. Prices start from Dh1.18 million ($321,000), with the most attractive payment plan on the island — 40 per cent during construction and 60 per cent upon handover. Expressing gratitude to all attendees and stakeholders, including Marjan, the master developer of Al Marjan Island, Ahmad Jaber, CEO of Lacasa Living, stated: "Breaking ground at Ola Residences is a reflection of our passion for architecture and dedication to delivering exceptional living experiences. The incredible response following the launch has reinforced our commitment to pushing boundaries, ensuring every detail seamlessly integrates comfort, elegance, and functionality.' Emad Jaber, Chairman of Lacasa Living, said: 'We are thrilled to see this project take shape, turning our vision for Al Marjan Island into reality. With a design that balances nature and luxury, this development is set to create lasting value for investors and homeowners. More than just a project, it represents my passion for architecture, and I am dedicated to ensuring it exceeds the expectations of our stakeholders, investors, and homebuyers.' Umar bin Farooq, CEO of One Broker Group, said: 'With the rising demand for premium residences in Ras Al Khaimah, Ola Residences is poised to be a game-changer. The rapid move from launch to groundbreaking demonstrates Lacasa Living's commitment to timely delivery, setting a new standard in the market. As the exclusive sales partner, One Broker Group is proud to bring this investment opportunity to end users and investors looking for a prime beachfront address.' Craig English, managing director of One Broker Group, added: "This project underscores the power of collaboration and forward-thinking strategies in creating unparalleled value for our clients. It's an exciting time for real estate in Ras Al Khaimah, and we're honoured to be part of this transformative journey." Ola Residences is designed with both homeowners and investors in mind, offering short-term rental readiness with dedicated locker storage. Residents can enjoy a rooftop infinity pool and bar, a state-of-the-art fitness centre with ocean-facing views, sauna and steam rooms, a kids' play area and pool, co-working spaces, and in-house laundry services for enhanced convenience.
