Building 88

TL;DR: Building 88 is a completed mixed-use residential development in Arjan (Al Barsha South 3) by Global Realty Partners FZC, an established UAE developer with a portfolio exceeding USD 250 million. Handed over in July 2021, this G+4 building houses 88 apartments (16 studios, 24 one-bedroom, 48 two-bedroom) plus 6 ground-floor retail units. With 125 parking spaces, a gross yield of 9.15 percent, and a location just 330 metres from Dubai Miracle Garden, it delivers one of Arjan's strongest investment propositions.

Overview — High-Yield Investment in Arjan's Heart

Building 88 is a fully completed contemporary residential development situated in Arjan (officially Al Barsha South 3), one of Dubai's most dynamic and rapidly appreciating residential communities. Developed by Global Realty Partners FZC, a subsidiary of Gulf Global Group founded by Arshad Wahedna (Chartered Accountant since 1985) in 2002, Building 88 represents the company's eighth project in the UAE. Global Realty Partners maintains a development portfolio exceeding USD 250 million, with notable completed projects including The Palladium Tower in JLT and the iconic Lamborghini Building on Sheikh Zayed Road. The building was successfully completed and handed over to residents in July 2021, following construction that commenced in September 2016.

The plot on which Building 88 stands was originally designated for a project called "The Athena," also by Global Realty Partners, which began construction in September 2008 before being cancelled. The current building was subsequently developed on the same 43,917-square-foot plot, achieving a built-up area of 148,688 square feet. Building 88 complies with Dubai Municipality's Green Building Standards, incorporating features such as a green roof, bicycle parking, EV charging stations, and low-flow water fixtures.

Building Configuration & Unit Inventory

Building 88 is configured as a G+4 (ground plus 4 floors) mid-rise structure built in reinforced concrete. The building houses a total of 94 units — 88 residential apartments and 6 prime ground-floor retail units, each with individual freehold title deeds.

The residential breakdown comprises:

16 Studios range from approximately 424 to 455 square feet (39 to 42 square metres). In the current market, studios achieve estimated sale prices of AED 600,000 to AED 700,000, with annual rental income of approximately AED 45,000.

24 One-Bedroom Apartments measure approximately 850 to 870 square feet (with select larger units reaching 1,079 square feet). DLD-recorded transaction prices range from AED 780,000 to AED 965,000, with current asking prices from AED 725,000 to AED 1,079,000. One-bedroom units command annual rents of AED 70,000 to AED 90,000, with most clustering at AED 75,000 to AED 85,000.

48 Two-Bedroom Apartments constitute the majority of the building's inventory (55 percent of all apartments), measuring approximately 857 to 1,012 square feet (80 to 94 square metres). Two-bedroom rentals achieve AED 79,990 to AED 90,000 annually.

Interior finishes include German-engineered wardrobes and cabinetry with soft-closing doors, Grohe bathroom fixtures, open-plan living and dining areas, large windows maximising natural light, and private balconies on all units.

The 6 ground-floor retail units are currently occupied by established tenants including Pet & Co (pet shop), Magnum Clinic (medical), Tiger Kickboxing (sports coaching), Gulf Optic (eyewear), and Pilates Academy (fitness studio), providing immediate everyday convenience for residents.

Investment Performance — 9.15% Gross Yield

Building 88 delivers one of the strongest investment returns in the Arjan submarket. Propsearch records a gross rental yield of 9.15 percent for the building, significantly above the broader Arjan average of 6.93 to 8.1 percent. The building has recorded 50 DLD sale transactions to date, with an average transaction price of AED 799,919 and an average price per square foot of AED 907. As of December 2025, the current sale price per square metre stands at AED 11,902 (approximately AED 1,106 per square foot), according to PropertyMakler data.

The rental market remains robust, with an average rent for new contracts at AED 73,600 per year and renewed contracts averaging AED 65,015. Both furnished and unfurnished rental options are available, with payment flexibility of 1 to 4 cheques.

Service Charges

While Building 88's specific service charge rate is not publicly listed in RERA's online index, comparable buildings in Arjan (such as Syann Park 1 in the same sub-community) charge AED 12.94 per square foot annually. Based on Building 88's amenity offering (pool, gym, sauna, steam room), an estimated range of AED 13 to 15 per square foot is reasonable, translating to approximately AED 5,500 to AED 6,800 per year for studios and AED 11,050 to AED 13,050 for one-bedroom apartments.

Amenities & Facilities

Building 88 provides a comprehensive amenity suite that punches well above its weight for a G+4 mid-rise:

Health & Wellness: Indoor lap swimming pool, fully equipped gymnasium, sauna with sensory experience shower area, and steam room.

Recreation & Social: Rooftop BBQ area, children's play area, function room for events and gatherings, and landscaped green roof gardens.

Infrastructure: 125 dedicated covered parking spaces (approximately 1.4 spaces per apartment), bicycle parking, EV charging stations for electric vehicles, 24/7 security with CCTV surveillance, concierge service, central air conditioning, and power backup.

Location — 330 Metres from Dubai Miracle Garden

Building 88's exceptional location places it at the epicentre of Arjan's lifestyle attractions. The development is just 330 metres from Dubai Miracle Garden, the world's largest natural flower garden, and 610 metres from Dubai Butterfly Garden. The Promenade shopping area is merely 160 metres away, and the Onyx Medical Center is 140 metres from the building entrance.

Education: Dhruv Global School is 100 metres away. Safa Community School is 740 to 880 metres. Mediclinic Parkview Hospital is 1.05 kilometres.

Shopping: First Avenue Mall (Motor City) is 1.54 kilometres. Circle Mall (JVC) is 2.56 kilometres. Mall of the Emirates is approximately 11 kilometres (15 minutes by car).

Highways: The building sits near the intersection of Umm Suqeim Road (D63) and Sheikh Mohammed Bin Zayed Road (E311), providing 2 to 3-minute access to these major arterials.

Public Transport: The nearest metro station is Mall of the Emirates (approximately 7.86 kilometres, 15 minutes by car). The closest bus stop (Arjan, Damac Northside Buildings 2) is approximately 550 metres away.

Airports: Dubai International Airport (DXB) is approximately 28 minutes. Al Maktoum International Airport (DWC) is approximately 20 to 25 minutes. Palm Jumeirah is approximately 15 minutes by car.

Arjan Community Context — One of Dubai's Fastest-Growing Freehold Districts

Arjan (Al Barsha South 3) has rapidly established itself as one of Dubai's most sought-after affordable luxury residential districts, positioned strategically between established premium communities and key lifestyle attractions. The freehold area is bounded by Sheikh Mohammed Bin Zayed Road (E311) to the west and Umm Suqeim Street (D63) to the south, providing excellent dual-highway access. The community has attracted significant developer interest from major names including Damac Properties, Vincitore Group, Binghatti, Samana, and Aqua Properties, resulting in a diverse mix of completed and under-construction mid-rise residential buildings.

The area benefits from proximity to several of Dubai's most popular tourist attractions, including Dubai Miracle Garden (the world's largest natural flower garden receiving millions of visitors annually), Dubai Butterfly Garden, and the upcoming expansions along the Arjan corridor. A metro station is planned near Arjan as part of Dubai's metro expansion programme, targeted for completion by 2030, which would transform the community's public transport connectivity and further boost property values.

Building 88's combination of a proven 9.15 percent gross yield, an established developer pedigree, comprehensive amenities including pool, gym, sauna, and steam room, 125 parking spaces for 88 apartments, green building certifications, active retail tenants generating ground-floor footfall, and a position just 330 metres from one of Dubai's most visited attractions makes it a standout completed investment opportunity in the Arjan submarket. The building's whole-building valuation of AED 67.5 million (as listed by Allsopp & Allsopp) further underscores its institutional-grade investment credentials.