Yield-led
Wasl Gate
Nakheel mixed-use, Energy metro
Direct metro from Energy station is the structural edge.
Gross yield
6.9%
QoQ
+0.4 pp
Price/sqft
Dh1,260
Median
Dh1.1M
Gross yield?
6.9%
QoQ change?
+0.4 pp
Price / sqft?
Dh1,260
Median ticket?
Dh1.1M
Handovers next 12mo?
220 units
Time to sell?
36 days
Rent change YoY?
+10.2%
Median annual rent?
Dh78,000
“Direct metro link from Energy station is the structural edge against Discovery Gardens.”
Demand drivers
Working-tenant base who want metro access without paying Marina prices. Festival Plaza retail keeps the area active at night.
Supply outlook
Two further phases launched. Tower selection matters for chiller and parking.
Strategy fit
Yield with mild growth, metro is the moat.
Comparable areas
Discovery Gardens (no metro) and JLT (more premium).
12-month thesis
Metro premium grows as the wider area densifies.