Investor Terminal
Elaris — 5 Halls · 16 Revenue Lines
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.
Capital Simulator
AEDLive Projections
Principal Capital: AED 2,500,000 · Monthly · 36 months
12 per payout / yr
In 36 months your AED 2,500,000 becomes AED 2,676,250 — a 7.0% cumulative gain.
At a ticket of AED 2,500,000 the effective annual rate is 2.35% (0.20% per month). This tier sits mid-tier — larger cheques step closer to 4% monthly. Payout cadence (monthly) does not change the annual rate; it changes when cash reaches your account.
Against Dubai's operating hospitality benchmarks the return is defensible: 16 revenue lines average 40% blended margin, so a 2.35% coupon consumes roughly 0% of one line's monthly operating profit. Coverage ratio is comfortably above 1.5×, which is why the coupon is a fixed contractual obligation rather than a "best-effort" payout.
Over 36 months an S&P 500 position could earn more if markets stay bullish, but that return is variable and can be negative. Here the coupon is contractual, insulated from equity draw-downs.
Historical value + Forward NAV
Every Dubai project is valued two ways. What it earns today, and what it will be worth when delivered. We show both, side by side, so you compare apples to apples.
Value from realised (or currently-realisable) revenue and margin — the way an operating business is normally acquired.
At 100% utilisation the operating business generates 69M AED EBITDA per year. Applied against a 6× hospitality multiple (Knight Frank + JLL MENA reference), enterprise value is 415M AED — meaning each 1 AED of your participation is backed by 1.43 AED of running-business value today.
Value on delivery, discounted to today. Same logic Dubai off-plan real estate uses: "at handover this is worth X — lock it in at a discount now."
At full stabilisation in month 18 the 80-line operation generates 69M AED EBITDA. Applied against a 7× post-stabilisation multiple, enterprise value reaches 484M AED. Discounted at 14% WACC, that is worth 398M AED today. Each 1 AED of your participation locks in 1.61 AED of delivered-asset value — the same logic Dubai uses to price off-plan real estate.
Risk Lab
SecuredBenchmarks (36-mo ROI on same capital)
36 monthsIllustrative — calculated on your simulated capital of AED 2,500,000. Elaris figures reflect blended-margin distribution to the investor pool; market benchmarks use trailing indices.