One International Real Estate Development L.L.C

One International has one building on Dubai Islands, DO Hotels and Residences, and it is on my Buy list. It sits on Central Island, the built-up core of the archipelago, and it is a hotel-branded residence, which is the first thing to understand about it. A hotel-branded building means professional management, a serviced-apartment rental route, and amenities run to a hotel standard, all of which change how you should think about the yield.

The numbers are unusual and worth reading carefully. DO is priced from about AED 2.3M, but at AED 5,625 per sq.ft it is one of the highest per-foot rates on the islands. That looks expensive until you see why: the units are small, from around 409 sq.ft, because this is a serviced, hotel-style product built for nightly and short-stay rental rather than large end-user homes. On that model you do not judge it against the island median of AED 2,445 the way you would a standard apartment, because the revenue model is different. You judge it on the net yield the managed short-stay operation can actually produce, and on a hotel-run building in a beach-tourism location, that can beat a plain long-let apartment.

The other reason it makes my list is timing. Handover is dated Q4 2025, which is about as near-term as anything on the islands. Near-term handover means you are into the rental market sooner, your capital is committed for less time before it starts working, and there is less window for the project to run into trouble. On a 60/40 plan, most of the price is due by that soon-arriving completion, so this suits a buyer who has the capital ready rather than one relying on a long deferred structure.

So the Buy is specific. DO is not a value play on price per sq.ft, and it is not for a buyer who wants a large apartment to live in. It is a managed, hotel-branded, short-stay investment product with a near-term handover in a tourism location, and for that specific purpose the model stacks up. If you want a standard apartment to hold or live in, buy a different building. If you want a hands-off, professionally-managed rental in a beach location and you understand you are buying a yield model rather than cheap square footage, DO earns its place.

DO Hotels and Residences is priced from AED 2.3M at AED 5,625 per sq.ft. That is 130% above the Dubai Islands apartment median of AED 2,445, a gap of AED 3,180 per foot, which puts it in the top quarter of island pricing. On its 60/40 payment plan, that entry price splits into about AED 1.38M committed across construction and AED 920K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 150K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q4 2027, the building holds 120 units, sized 409 to 2,062 sq.ft, currently selling. View the full listing →