Evara Properties
Evara Properties
Cross Border Real Estate Advisory
Investment Intelligence · May 2026 · Phase 1 Launch · 16 May 2026

HAYAT by Dubai South
The Airport City Window Is Open

In 2003, investors who entered Downtown Dubai before the Burj Khalifa made 5–10× over the next decade. Dubai South in 2026 is a structurally superior version of that same opportunity — the airport is under construction, rail contracts are signed, and AED 500B of irreversible government capital is committed.

✈️ AED 128B Airport City 📍 Dubai South — Phase 1 🏅 AED 1,148/sqft Entry 📅 Launch: 16 May 2026 🔑 2% DLD Waived 🏛️ 0% CGT
40–74%
Equity IRR Range
AED 3.69M
Starting Price (3BR Villa)
2–3.5×
Projected Value (2034F)
AED 500B+
Infrastructure Committed
Phase 1 Exclusive

Signature Offer — 10 Incentives, Phase 1 Only

These incentives are not standard market terms. They are available exclusively for Phase 1 launch bookings and fundamentally change the financial profile of this investment. Submit EOI: AED 100,000 refundable token. Launch Day: Saturday, 16 May 2026 · 9:00 AM.

2% DLD Waiver
Saves AED 73,800–115,800 depending on unit
5% Booking to Secure
Lock in unit selection with minimal upfront commitment
NOC for Resale at 30% Paid
Flip the contract with only 30% deployed — maximum leverage
2-Year Post-Handover Plan
15% + 15% over 2 years post-handover — funded from rental income
2-Year Free Tenanting
Developer-managed tenant placement at no cost
2-Year Service Charge Waiver
AED 50,698–79,551 saved per unit type
2-Year Insurance Included
Property insurance covered for 2 years post-handover
Home Finance Support
UAE bank pre-approval facilitation at 50% LTV available for NRIs at ~4.5% pa
Golden Visa Processing
10-year UAE residency processing support at AED 2M+ entry
Landscaping-Free Option
Optional savings on external landscaping for investors focused on yield
Unit Specifications & Pricing

3BR / 4BR / 5BR Villas — Full Pricing & Savings

All units priced at AED 1,147–1,178/sqft — a 2003-era Downtown Dubai entry discount before infrastructure completion permanently changes the pricing ceiling.

3 Bedroom Villa
AED 3,690,000
Size3,215 sqft
Entry PSFAED 1,147/sqft
Equity Required (40%)AED 1,476,000
Min. Entry with 5% BookingAED 184,500
HandoverQ1 2029 (33 months)
AED 73,800
DLD Waived
AED 50,698+
Svc Chg Saved
5 Bedroom Villa
AED 5,790,000
Size4,915 sqft
Entry PSFAED 1,178/sqft
Equity Required (40%)AED 2,316,000
Min. Entry with 5% BookingAED 289,500
HandoverQ1 2029 (33 months)
AED 115,800
DLD Waived
AED 79,551+
Svc Chg Saved
Payment Plan — 5 / 35 / 30 / 15 / 15
5% on booking · 35% during construction (linked to milestones) · 30% on handover (Q1 2029) · 15% at 12 months post-handover · 15% at 24 months post-handover.

Critical advantage: The 30% post-handover can be funded entirely from rental income — removing the need for additional equity injection. Net annual rent at 6.5% yield exceeds the mortgage payment for all three unit types from year 1 post-handover.
Complete Financial Model

IRR Scenarios — 3 Units × 3 Market Scenarios × 2 Exits

All IRR calculated on 40% equity deployed. Flip exit at handover (Q1 2029). Hold & Rent exit at Q1 2032 (69 months from booking). Multi-currency at May 2026 rates.

3 Bedroom Villa — AED 3.69M · 3,215 sqft · AED 1,147/sqft
Equity Required: AED 1,476,000 (40%) · DLD Waived: AED 73,800 · Svc Chg Saved: AED 50,698+
AED 73,800DLD Waived
AED 50,698+Svc Chg Saved
Scenario FLIP AT HANDOVER (Q1 2029) HOLD & RENT (2029–2032, 6yr total)
Exit ValueExit PSFEquity ProfitIRR Exit ValueAnnual RentTotal ProfitIRR
Conservative
2.0× by 2034
AED 5.07MAED 1,576/sqft AED 1.23M
$334K · ₹2.77Cr · £266K · €313K
40.1% AED 7.17MAED 330K/yr AED 4.25M
$1.16M · ₹9.58Cr · £922K · €1.08M
26.6%
Base Case
2.75× by 2034
AED 5.87MAED 1,824/sqft AED 2.00M
$545K · ₹4.51Cr · £434K · €510K
59.6% AED 9.73MAED 381K/yr AED 6.89M
$1.88M · ₹15.52Cr · £1.49M · €1.76M
37.0%
Aggressive
3.5× by 2034
AED 6.55MAED 2,038/sqft AED 2.67M
$726K · ₹6.01Cr · £578K · €679K
74.3% AED 12.26MAED 426K/yr AED 9.48M
$2.58M · ₹21.35Cr · £2.05M · €2.42M
45.2%
Entry PSF: AED 1,147/sqft · Conservative exit PSF: AED 1,576 (flip) → AED 2,230/sqft (hold) · Aggressive exit: AED 3,812/sqft
4 Bedroom Villa — AED 4.36M · 3,801 sqft · AED 1,147/sqft
Equity Required: AED 1,744,000 (40%) · DLD Waived: AED 87,200 · Svc Chg Saved: AED 59,904+
AED 87,200DLD Waived
AED 59,904+Svc Chg Saved
Scenario FLIP AT HANDOVER (Q1 2029) HOLD & RENT (2029–2032, 6yr total)
Exit ValueExit PSFEquity ProfitIRR Exit ValueAnnual RentTotal ProfitIRR
Conservative
2.0× by 2034
AED 5.99MAED 1,576/sqft AED 1.45M
$395K · ₹3.27Cr · £314K · €370K
40.1% AED 8.47MAED 389K/yr AED 5.03M
$1.37M · ₹11.32Cr · £1.09M · €1.28M
26.6%
Base Case
2.75× by 2034
AED 6.93MAED 1,823/sqft AED 2.36M
$643K · ₹5.33Cr · £512K · €602K
59.6% AED 11.50MAED 451K/yr AED 8.14M
$2.22M · ₹18.34Cr · £1.77M · €2.07M
37.0%
Aggressive
3.5× by 2034
AED 7.74MAED 2,036/sqft AED 3.15M
$857K · ₹7.10Cr · £683K · €803K
74.3% AED 14.48MAED 503K/yr AED 11.20M
$3.05M · ₹25.23Cr · £2.43M · €2.85M
45.2%
Entry PSF: AED 1,147/sqft · Conservative exit PSF: AED 1,576 (flip) → AED 2,228/sqft (hold) · Aggressive exit: AED 3,810/sqft
5 Bedroom Villa — AED 5.79M · 4,915 sqft · AED 1,178/sqft
Equity Required: AED 2,316,000 (40%) · DLD Waived: AED 115,800 · Svc Chg Saved: AED 79,551+
AED 115,800DLD Waived
AED 79,551+Svc Chg Saved
Scenario FLIP AT HANDOVER (Q1 2029) HOLD & RENT (2029–2032, 6yr total)
Exit ValueExit PSFEquity ProfitIRR Exit ValueAnnual RentTotal ProfitIRR
Conservative
2.0× by 2034
AED 7.96MAED 1,618/sqft AED 1.93M
$524K · ₹4.34Cr · £418K · €491K
40.1% AED 11.25MAED 517K/yr AED 6.67M
$1.82M · ₹15.04Cr · £1.45M · €1.70M
26.6%
Base Case
2.75× by 2034
AED 9.21MAED 1,872/sqft AED 3.14M
$854K · ₹7.07Cr · £681K · €800K
59.6% AED 15.27MAED 598K/yr AED 10.81M
$2.94M · ₹24.36Cr · £2.34M · €2.76M
37.0%
Aggressive
3.5× by 2034
AED 10.28MAED 2,091/sqft AED 4.18M
$1.14M · ₹9.42Cr · £907K · €1.07M
74.3% AED 19.23MAED 668K/yr AED 14.87M
$4.05M · ₹33.51Cr · £3.22M · €3.79M
45.2%
Entry PSF: AED 1,178/sqft · Conservative exit PSF: AED 1,618 (flip) → AED 2,288/sqft (hold) · Aggressive exit: AED 3,913/sqft
Model Assumptions
Entry: May 2026 (booking) · Handover: Q1 2029 (33 months) · Hold exit: Q1 2032 (69 months) · Payment: 5% + 35% construction + 30% handover + 15% + 15% post-handover · Flip: 40% equity deployed; assign contract at handover (net proceeds = exit value × 97% − 60% outstanding) · Hold & Rent: 100% paid; 6.5% net yield on value at handover (7.5% gross − vacancy/mgmt) · Mortgage: 60% LTV at handover value, 4.5% pa over 20yr · DLD 2% waived · Selling costs: 3%
Cash vs. Mortgage Analysis

Base Case Rental Coverage — Positive Cash Flow from Year 1

Net rental income exceeds mortgage payments for all three unit types from year 1 post-handover. The post-handover payment plan can be funded entirely from rental income.

UnitEquity (40%)Mortgage Loan (60% of HO value)Monthly Payment @ 4.5%Annual Net Rent (6.5%)Net Annual Cash Flow
3 Bedroom AED 1.48MAED 2.21MAED 14,006/mo · AED 168,082/yr AED 381,000/yrAED 213,000/yr net of mortgage
4 Bedroom AED 1.74MAED 2.62MAED 16,550/mo · AED 198,601/yr AED 451,000/yrAED 252,000/yr net of mortgage
5 Bedroom AED 2.32MAED 3.47MAED 21,978/mo · AED 263,738/yr AED 598,000/yrAED 335,000/yr net of mortgage
Tax Equivalence Analysis

The Real Yield Advantage — By Investor Jurisdiction

UAE's zero-tax environment creates a yield premium not visible from face-value comparisons. The pre-tax equivalent yield in the investor's home jurisdiction reveals the true advantage of investing through Dubai.

Investor OriginLocal CGTLocal Income Tax on RentUAE CGTUAE Tax on RentDubai Gross YieldTax-Equiv. Yield in Home Country
🇮🇳 India (NRI)20% LTCG30% slab0%0%7.5%10.7%
🇬🇧 UK / Europe24% CGT45% top rate0%0%7.5%9.9%
🇦🇪 GCC0%0%0%0%7.5%+300–500 bps vs. deposits
🇺🇸 USA / Institutional23.8% LTCG+NIIT37% federal0%0%7.5%9.9%
What This Means in Practice
An NRI earning 7.5% gross yield in Dubai receives the equivalent of a 10.7% pre-tax yield in India — no LTCG, no slab tax, full repatriation via LRS. A UK investor escapes 24% CGT and 45% income tax, achieving a 9.9% pre-tax UK equivalent. AED is pegged to USD since 1997 — zero FX risk for USD and USD-pegged currency investors. Full capital and profit repatriation is legally guaranteed.
AED 500B+ Committed Infrastructure

Infrastructure Scorecard — Already Underway, Not Speculative

These are sovereign-backed, partially-complete projects with contractual timelines. Each represents a permanent, irreversible value uplift to the Dubai South corridor. The compounding effect: each project reinforces the others in a self-reinforcing growth loop.

✈️
Al Maktoum International (DWC)
AED 128B
260M passengers/year — world's largest airport by capacity
In Construction
🚢
Palm Jebel Ali
AED 100B+
80 fronds · 110km beachfront · 35,000 homes
Active
🚂
Etihad Rail — National Network
AED 40B
900km national rail network connecting UAE emirates
Phase 2 Active
🚇
Metro DWC Extension
AED 18B+
Direct metro link to DWC — planned 2028 completion
Planned 2028
🏙️
Dubai Wholesale City
AED 25B
Global trade & logistics hub within Dubai South
Active
🏖️
Jebel Ali Beach Master Plan
AED 15B
Dubai's largest public beach & waterfront development
Under Dev.
🌊
Dubai Reef
AED 3B
Largest marine sanctuary globally — ESG landmark
Approved
🛣️
E311 / E611 Highways
AED 8B
4-highway connectivity to DWC — major upgrade active
Active
🏗️
DIP Phase 2 Industrial Park
AED 5B
Industrial park expansion — creates employment base
Active
🌍
Expo City Dubai
AED 12B
Permanent innovation district — operational & growing
Operational
Historical Parallel

Downtown Dubai 2003 vs. Dubai South 2026

The structural case for Dubai South is STRONGER than Downtown was in 2003 — better airport, better rail, better visas, better ESG. Entry prices are still at a 2003-era Downtown discount.

Downtown Dubai — 2003 (Precedent)
Entry PriceAED 350–600/sqft
Delivery Price (2013)AED 1,500–3,500/sqft
10-Year Appreciation5–10×
AirportDXB — 60M pax (no expansion)
Rail ConnectivityNone at launch
Demand CatalystDubai Expo bid (2013 win)
Visa ProgrammeNone
Global Airport Precedent
Every major airport city development delivered significant real estate appreciation to early entrants:

Beijing Daxing (2019, AED 245B): 60–80% residential surge within 5 years · Dallas Alliance (1989): 400%+ land appreciation over 30 years · Navi Mumbai (NMIA, AED 14B): 40–80% price increase in Panvel/Ulwe/Kharghar before airport opened · Singapore Changi T5: 35–45% appreciation · DWC Advantage: Larger investment than all comparables combined + zero-tax + USD-pegged + sovereign developer + Golden Visa demand floor.
Investor Profiles

Who Should Consider HAYAT Phase 1

Four distinct investor profiles, different entry points and tax advantages. All share one core advantage: zero-tax jurisdiction with USD-pegged, fully repatriable currency.

🇮🇳
NRI / Indian Diaspora
AED 3.69M–5.79M Entry
Why Dubai SouthDTAA India-UAE · LRS USD 250K/yr · INR hedge · 2–10yr visa
Recommended3BR (AED 3.69M) — 40% equity = AED 1.47M
Gross Yield5–7% gross
Tax Equivalence10.7% pre-tax India equivalent (vs 30% LTCG)
Financing50% LTV via UAE banks at ~4.5% pa for NRIs
VisaGolden Visa at AED 2M+ eligible
🇦🇪
GCC Family Office
AED 5M–50M Entry
Why Dubai SouthYield above deposits (7–10% vs 4.5%) · AML-clean · same timezone
Recommended4BR/5BR block or multi-unit acquisition
Gross Yield7–10% gross
Tax Equivalence+300–500 bps over GCC bank deposits
FinancingUAE bank finance at competitive GCC rates
AdditionalIndustrial units, DIP logistics as supplementary
🇬🇧
UK / European HNWI
AED 2M–15M Entry
Why Dubai SouthSDLT vs DLD gap · CGT escape · Plan B residency · ESG
Recommended4BR or 5BR — lifestyle + investment + residency
Gross Yield5–8% gross
Tax Equivalence9.9% pre-tax UK equivalent (vs 24% CGT)
FinancingUAE mortgage or UK remortgage to fund UAE entry
NoteUK SDLT surcharge 5–12% vs UAE DLD 4% (waived here)
🏛️
Institutional / Fund
AED 100M+ Entry
Why Dubai SouthUSD-pegged · AIF structuring DIFC · SEBI 25% AUM cap
RecommendedMulti-unit residential block / off-market inventory
Gross Yield8–12% gross (fund level)
Tax EquivalenceSEBI AIF-compliant; DIFC REIT eligible
FinancingFund-level leverage; syndication options
StructureAIF Cat II/III via DIFC; fully repatriable USD returns
Launch: 16 May 2026 · Limited Phase 1 Units
The Window Is Open. It Won't Stay Open.

EOI: AED 100,000 refundable token to secure unit selection. Launch Day: Saturday, 16 May 2026 · 9:00 AM. Vinod Krishna Murthy · Managing Director · 20 Years UAE & GCC Advisory.

📞 +971 58 997 7919 | +91 99802 39340
✉️ vinod@evaraproperties.io
🌐 www.evaraproperties.io
📅 One-on-one advisory: unit selection · mortgage structuring · Golden Visa
Schedule a Confidential Call

This proposal is prepared exclusively for sophisticated investors and does not constitute financial advice. All financial projections are illustrative scenarios based on stated assumptions and publicly available market data. Appreciation multiples (2×–3.5× by 2034) are based on Evara Properties Dubai South market analysis and third-party data from DLD, Dubai South Corporation, and industry research — they are not guaranteed. Past performance of comparable markets does not guarantee future results. Investors should obtain independent financial, legal, and tax advice before making investment decisions. Currency conversions are indicative at May 2026 rates. Evara Properties LLC is a licensed real estate advisory firm, Dubai, UAE.