Elaris
Hospitality Operations · Dubai
A single operating business inside Globex Horizon — five halls, sixteen revenue lines, 40% blended margin, backed by signed security cheque under UAE Federal Commercial Law.
Elaris Fund — 3-year program
Two independent valuation methods converge on the fund price. Investors joining during the first operating month receive a 30% launch discount on every Sahm unit.
Real-estate developers price off-plan projects on delivered value. The Elaris fund is priced the same way: five halls with sixteen fully operational revenue lines produce a Year-3 enterprise value of AED 456.0M. Discounted at 14% WACC across 3 years, the present value settles at AED 307.8M — rounded to the AED 300M headline.
Each Sahm represents a fractional interest in the operating cash flows of the built-out project. At AED 700 per Sahm during launch, an investor locks the future 3-year performance envelope at today's discounted price.
Explore Elaris
Simulator, projections and live KPIs.
Editable inputs · Dubai market data · three-crisis stress.
5 halls × 16 revenue lines status grid.
Distribution schedule and cumulative earned.
Signed clauses and UAE law references.
A rational thesis, anchored to Dubai's own data.
Elaris is not a forecast — it is a portfolio of businesses whose comparable acquisition prices and margins are public record. The reference table below shows what a comparable operating asset actually cost in 2015, 2020, 2025, and what it is expected to cost in 2026.
Comparable business acquisition — Dubai
Sourced public data| Asset | 2015 | 2020 | 2025 | 2026e | CAGR | Source |
|---|---|---|---|---|---|---|
| Salon key-money — Jumeirah / Business Bay (mid-tier, 120–180 m²) | AED 380,000 | AED 520,000 | AED 950,000 | AED 1,050,000 | 9.6% | Bayut Business Listings + Dubai Economy licensing fees ↗ |
| Salon key-money — Downtown / DIFC (premium, 200+ m²) | AED 850,000 | AED 1,150,000 | AED 2,200,000 | AED 2,450,000 | 10.0% | Property Finder Commercial + Colliers Dubai F&B/Beauty Report 2024 ↗ |
| Fine-dining restaurant — Downtown (250 m², licensed) | AED 2,400,000 | AED 3,100,000 | AED 5,400,000 | AED 5,950,000 | 8.4% | Colliers MENA Hospitality Outlook 2024 ↗ |
| Day-spa — Palm / JBR (200 m², licensed) | AED 1,100,000 | AED 1,450,000 | AED 2,700,000 | AED 3,000,000 | 9.4% | Knight Frank Dubai Wellness Report 2024 ↗ |
Fund buffer absorbs ≈65% of the drawdown before investor coupons touch the stress floor.
Fund buffer absorbs ≈55% of the drawdown before investor coupons touch the stress floor.
Fund buffer absorbs ≈60% of the drawdown before investor coupons touch the stress floor.