For investors who want development upside without operating an asset. Capital pooled into an SPV that funds the build; exit on completion. Run the sellout cap stack live in our JV Simulator on the call
Investors commit, capital escrowed pending SPV formation
Dedicated SPV with formal governance and reporting cadence
Land transferred into SPV, NOC and trustee scheduling
Built — quarterly construction reports
Distributions through the preferred-return waterfall
18–22%
Target IRR
1.6×–1.8×
Equity multiple
n/a (no rental phase)
Cash-on-cash
2–3 years
Hold period
All ranges placeholder Actual targets vary by deal
Capital providers receive preferred return before sponsor promote — typically 8% pref ${placeholderFlag()}
Sponsor promote only kicks in after preferred return is paid in full. Misalignment is structural, not contractual
Modelled at base, bear, and stress cases. The deck shows what happens if sales slow, costs rise, or exit cap softens
Vetted RAK landowner, parcel contributed at appraised value Partner details placeholder
Active RAK contractor with delivery track record Partner details placeholder
Marketing brokerage with active enterprise pipeline Partner details placeholder
3-tranche call. Tranche timing tied to construction milestones (groundbreaking, structural completion, fit-out)
Off-plan presales kicking in at structural completion
Bulk sale of remaining inventory at handover
Refinance and rollover (rare)
| Item | Value |
|---|---|
| Total raise | AED 35M undefined |
| Land contribution | AED 12M (appraised) undefined |
| Build cost | AED 18M undefined |
| Sponsor promote (above pref) | 20% undefined |
| Target exit value | AED 52M undefined |
| Modelled IRR (base) | 18.5% undefined |