TM
Total Plots Evaluated
8 Plots
Total GFA: 2,450,000 sq.ft
Approved (Go-Decision)
3 Active Projects
Palm Crest & Marina Heights
Joint Venture / Partnership
AED 180,000,000.00
Land swap with existing asset
Average Projected IRR
22.8% Target IRR
Exceeds 18% hurdle rate
Showing 8 Evaluated Plots
Study Ref Plot Identification & GIS Location / Submarket Deal Structure Model Land Area (sq.ft) Permitted GFA Acquisition Cost (AED) Projected GDV (AED) Projected IRR Board Decision Action
FEAS-2026-001
Plot 392-104 (Marina Heights)
Makani: 18290 88120 · High-Rise Res
Dubai Marina Full Cash Purchase 45,000 380,000 85,000,000.00 385,000,000.00 24.5% Go (Acquired) View Project
FEAS-2026-002
Plot 501-882 (Palm Crest)
Makani: 22104 99120 · Luxury Waterfront
Palm Jumeirah Crescent Partial Payment Schedule 62,000 420,000 140,000,000.00 550,000,000.00 26.2% Go (Acquired) View Project
FEAS-2026-003
Plot 346-209 (Business Bay)
Makani: 31092 44102 · Commercial G+30
Business Bay Canal JV (Asset Replacement) 38,000 310,000 75,000,000.00 290,000,000.00 21.8% Go (Under Dev) View Project
FEAS-2026-004
Plot 671-330 (JVC District 14)
Makani: 44102 11920 · Mid-Rise G+12
Jumeirah Village Circle Partnership (Land + Constr) 28,000 180,000 28,000,000.00 145,000,000.00 19.5% Under Review
FEAS-2026-005
Plot 219-441 (Downtown Perimeter)
Makani: 19820 55102 · Ultra-Luxury G+50
Downtown Dubai Full Cash Purchase 50,000 450,000 195,000,000.00 620,000,000.00 14.2% No-Go (Low IRR)
FEAS-2026-006
Plot 881-009 (Dubai Islands B)
Makani: 55102 88190 · Resort Residential
Dubai Islands JV (Asset Replacement) 75,000 390,000 105,000,000.00 410,000,000.00 23.0% Under Review
FEAS-2026-007
Plot 410-112 (Al Jaddaf Waterfront)
Makani: 29012 33410 · Mixed-Use Hospitality
Al Jaddaf Partial Payment Schedule 42,000 240,000 48,000,000.00 190,000,000.00 18.1% Under Review
FEAS-2026-008
Plot 104-990 (Dubai South Aviation)
Makani: 66102 99120 · Industrial Logistics
Dubai South Partnership (Land + Constr) 90,000 150,000 22,000,000.00 85,000,000.00 13.8% No-Go (Low Yield)