Prospect, a leading real estate investment and advisory firm in Dubai, has announced a strategic partnership with Mulk Properties, part of global conglomerate Mulk International, and One Broker Group (OBG) to launch The LX, a premium commercial development in Arjan, valued at AED 350 million.
Set to redefine boutique office and retail spaces, The LX targets one of Dubai’s fastest-growing business hubs. This collaboration brings together Prospect’s development expertise, Mulk’s global real estate vision, and OBG’s sales leadership to deliver a future-forward commercial asset tailored to modern businesses.
A New Era for Commercial Real Estate in Arjan
With Dubai’s commercial real estate market booming—office transactions hit AED 89.9 billion in 2024 alone—The LX enters the market at a time of strong demand and limited supply. The UAE commercial construction sector, currently valued at AED 156 billion, is projected to surpass AED 207 billion by 2030, reflecting a CAGR of 4.7%.
Located near Sheikh Zayed Road and key business districts, The LX will feature 71 boutique offices and retail units, boasting modern design, expansive balconies, premium finishes, and integrated F&B offerings. It aims to fill a critical gap in Arjan’s evolving urban mix, which is currently dominated by residential and hospitality projects.
Launch & Delivery Timeline
Currently in the off-plan stage, The LX is slated for completion in Q1 2027. The project exemplifies Prospect’s commitment to high-performance, design-led commercial spaces and Mulk’s ongoing expansion into high-potential real estate markets.
