Imtiaz Developments has been building in Dubai since 1993. Over 30 years, 40+ projects and 2,000+ units delivered. What distinguishes Imtiaz is the same quality mechanism that distinguishes Sobha: vertical integration. Design, construction, joinery, aluminium, glass, investment, property management and after-sales are all owned and operated in-house. That is how you control finish quality and protect delivery timelines.
The portfolio now carries an AED 15B valuation. That is not a small developer taking a creative bet. It is an established builder with a clear track record and the balance sheet to execute a complex mixed-use project on one of the world's most recognised roads. I have seen Imtiaz product in the market. The finish quality is above average. The detail in RAW District. The art collection, the bespoke joinery, the cultural programming of the common spaces. Reads as an extension of a developer who takes product seriously, not as marketing applied after the fact.
Phase I of RAW District cleared its entire allocation on launch day. That is not a marketing claim. It is a data point. The market priced the metro bridge thesis, the SZR corridor argument and the Imtiaz product quality, and responded immediately. Phase II is the continuation. Same building concept, same direct metro bridge, same mixed-use structure, same developer. The entry price has moved 2.6% above Phase I. The investment argument has not changed.
Direct pedestrian bridge access to a Dubai Metro station is genuinely rare. Most buildings claim proximity to metro. Walk 8 minutes, cross a highway, use a covered walkway. RAW District II has a direct, enclosed pedestrian bridge from the building into the station. That connection does two things that matter for investors: it sustains rental demand regardless of how the area around the building evolves, and it makes commercial space. Offices and retail directly on the bridge. A category of asset that practically does not exist elsewhere in Dubai's off-plan market.
Sheikh Zayed Road. Downtown Jebel Ali is the corridor where the next wave of Dubai appreciation is building. Dubai Marina launched at AED 800/sqft. JBR at AED 1,200/sqft. Both now trade at AED 4,000–6,000/sqft. Downtown Jebel Ali is entering its growth phase with Al Maktoum International Airport as the macro catalyst. Studios at AED 666K on SZR are an entry point that the next generation of Dubai buyers will look back on the way 2015 buyers look at the Marina.
The post-handover 60/40 plan changes the return profile significantly. 60% paid during construction plus 5% on handover, then 40% over 3 years at 3.3% quarterly. Means your return on equity deployed before handover is calculated on 65% of the asset price while receiving rental income from a Dubai Metro-connected address from day one of handover.
Metro adjacency in Dubai is the single most reliable driver of sustained rental demand. JLT, Business Bay, DIFC and Dubai Marina all command rental premiums directly attributable to metro access. On the Red Line's extension into the new Al Maktoum corridor, RAW District is positioned at an early point of the metro appreciation curve. The corridor is still forming.
Fully furnished studio apartments at AED 666K on a direct metro connection are a straightforward short-term or long-term rental proposition. Comparable metro-adjacent studios in JLT and Dubai Marina achieve AED 55,000–70,000 per year on long-term contracts. The following projections are based on those benchmarks, applied conservatively for a new corridor.
These are projections based on comparable completed metro-adjacent product. RAW District's corridor is earlier-stage than JLT, which introduces uncertainty. I expect yield to improve as the corridor matures and Al Maktoum Airport drives rental demand into the southern SZR axis.
Al Maktoum International Airport is planned to become the world's largest airport when fully operational. Handling over 260 million passengers annually at full build-out. That is not a distant aspiration: Terminal 1 is under construction and Phase 1 operations are targeted within this decade. Every property within a 30-minute corridor of a global aviation hub undergoes structural re-rating once the hub is operational. This has happened at Heathrow (west London), Charles de Gaulle (north Paris) and Changi (east Singapore). The SZR–Jebel Ali corridor is that zone for Dubai.
The cultural architecture of RAW District. The Gallery (Masih Imtiaz Art Collection), The Distrikt Table, the 6AM Coffee Club, the Design Lab, the podcast studio. Is not background noise. It is a deliberate positioning strategy that attracts a specific type of resident: creative, international, tech and media professionals who pay above-market rent for above-market environments. That resident profile sustains a rental premium and a resale buyer pool that is less price-sensitive than the standard Dubai off-plan buyer.
The commercial component. Offices and retail on the metro bridge. Is an asset class that virtually does not exist in the Dubai off-plan market at this price point. Commercial yield in metro-connected SZR product has historically sustained 7–9%. Retail directly on the metro bridge. With 24/7 pedestrian flow. Has no equivalent comparison in the current off-plan pipeline.
Phase I sold out on launch. Phase II launched July 2026. Pricing below reflects Phase II launch schedule. Phase I studio entry was AED 649,000. Phase II opens at AED 666,000.
| Unit Type | Size From | Phase II Price | Implied sqft |
|---|---|---|---|
| Studio | 380 sqft | AED 666,000 | AED 1,753/sqft |
| 1-Bedroom Suite (Executive) | 610 sqft | AED 912,000 | AED 1,495/sqft |
| 1-Bedroom | 720 sqft | AED 1,050,000 | AED 1,458/sqft |
| 2-Bedroom | 1,054 sqft | AED 1,440,000 | AED 1,366/sqft |
| 3-Bedroom | 1,400 sqft | AED 1,950,000 | AED 1,393/sqft |
| Office Space | 700 sqft | AED 1,200,000 | AED 1,714/sqft |
| Retail Space | 1,000 sqft | AED 2,500,000 | AED 2,500/sqft |
All residential units fully furnished. 4% DLD fee + admin payable on booking. EOI amounts: Studio AED 50K, 1BR AED 80K, 2BR/3BR/Offices AED 100K. Pricing sourced from developer materials, July 2026. Subject to availability.
| Milestone | % | Date |
|---|---|---|
| On Booking | 20% | + 4% DLD |
| 2nd Instalment | 5% | 15 Oct 2026 |
| 3rd Instalment | 5% | 01 Mar 2027 |
| 4th Instalment | 5% | 15 Jul 2027 |
| 5th Instalment | 5% | 01 Dec 2027 |
| 6th Instalment | 5% | 15 Apr 2028 |
| 7th Instalment | 5% | 01 Sep 2028 |
| On Completion | 50% | Q1 2029 |
| Milestone | % | Date |
|---|---|---|
| On Booking | 20% | + 4% DLD |
| 2nd Instalment | 5% | 15 Oct 2026 |
| 3rd Instalment | 10% | 01 Mar 2027 |
| 4th Instalment | 5% | 15 Jul 2027 |
| 5th Instalment | 10% | 01 Dec 2027 |
| 6th Instalment | 5% | 15 Apr 2028 |
| On Completion | 5% | Q1 2029 |
| Post-Handover (40%) | 3.33% quarterly | 3 years post-HO |
The post-handover plan means 65% is paid before or at handover. The remaining 40% is spread over 3 years at approximately AED 43K per quarter on a AED 1.3M unit. Allowing rental income to offset payments from day one of handover.
I prepare a return analysis for every project I recommend. Three scenarios: conservative, base case and optimistic. Capital growth at 12-24 month, 3-5 year and 7-10 year exits. Short-term and long-term rental returns. ROI versus ROE across the payment plan timeline. All projections built from past transaction history and benchmarked against comparable buildings. Assumptions stated in full.
Request the Return AnalysisSent with the project brochure and price list. No cost. No obligation.
RAW District II offers multiple investment angles. Residential yield, commercial offices on the metro bridge, and retail. Phase I sold out on launch day. I am taking Phase II enquiries now. Contact me for a full briefing, unit selection and payment plan modelling.