OPAL TOWER (QUARTER FLOOR | 8,000 SQFT)

OPAL TOWER (QUARTER FLOOR | 8,000 SQFT)


Quarter floor commercial space

8,000 SQFT total

5 combined title deeds

5 private parkings

Opal Tower — Business Bay

Acquired using external financing with 50% loan-to-value, secured with collateral assets

Acquisition Context

The unit contained one aggressive, uncooperative tenant who had already discouraged multiple buyers and complicated previous sale attempts.

Despite this, Deluxa Dubai executed a successful acquisition by leveraging collateral-backed financing and navigating a difficult transfer process.

The tenant’s contract has 16 months remaining, and rent is far below market due to a lease signed during the COVID period.

Current Performance

The property currently produces a net ROI of approx. 8%, despite the suppressed rent.

This return will significantly increase once the current tenant exits.

Value Uplift Potential

Once the tenant leaves and the space becomes vacant:

Without any renovation:
Market value is estimated to be approx. +110% higher than the purchase price.
(Vacancy alone unlocks major value due to extremely low legacy rent.)

With full renovation:
Market rent is expected to be more than 3× higher than the current tenant’s rent.
This positions the property as a high-performing income asset.

Projected Rental Performance After Renovation

Based on current Business Bay commercial demand:

Expected annual rental income after renovation is projected to deliver an ROI significantly higher than the current 8% baseline.

Yield projections place this asset among the top tier of Business Bay quarter-floor investments.

Summary

Opal Tower is a classic undervalued acquisition with massive upside unlocked at tenant exit:

Low pandemic-era rent → huge rental uplift ahead

Strong appreciation the moment the unit becomes vacant

Granular value-add opportunities through premium renovation

Excellent long-term ROI potential

This asset is expected to become one of Deluxa Dubai’s strongest performers once repositioned.