THE ONE by Prestige One

TL;DR: THE ONE by Prestige One is a 15-storey premium commercial office building in Barsha Heights (TECOM), Dubai, targeting LEED Gold sustainability certification and handover in Q4 2026. Developed by Prestige One Developments (a subsidiary of Prestige Holding Group), the building introduces a "resort-style office" concept with amenities including a rooftop cigar lounge, virtual golf studio, wellness spa, 189-metre rooftop running track, and botanical gardens. Office units range from 1,744 to 6,856 square feet, with prices starting from AED 6,789,000 and a 65/35 payment plan.

Introduction

THE ONE by Prestige One marks the first dedicated commercial project from Prestige One Developments, a Dubai-based developer whose portfolio has exceeded AED 1 billion across more than 3 million square feet of residential and commercial development. Positioned in Barsha Heights — the established commercial district formerly known as TECOM — the 15-storey freehold office building introduces a deliberately unconventional approach to commercial real estate: the "resort-style office" concept, which integrates hospitality-grade leisure and wellness amenities into a professional workplace environment.

The premise behind THE ONE is straightforward but commercially significant: as companies compete for talent in Dubai's intensely competitive employment market, the quality of the workplace environment has become a material factor in recruitment and retention. By incorporating a rooftop cigar lounge, virtual golf studio, wellness spa, 189-metre rooftop running track, botanical gardens, and a reception café into a commercial office building, THE ONE aims to provide tenants with amenities that rival premium co-working spaces and five-star business hotels — capabilities that conventional office towers in the Barsha Heights corridor do not offer.

The building targets LEED Gold certification from the U.S. Green Building Council, positioning it among a small number of sustainability-certified commercial buildings in the Barsha Heights market. With handover scheduled for Q4 2026, THE ONE enters a Barsha Heights office market that has seen rental rates increase by 25% and sale prices rise by 23% in recent periods, reflecting strong demand for quality commercial space in this well-connected district.

Location & Connectivity

Barsha Heights (officially renamed from TECOM in June 2016) occupies a strategic position in Dubai's western commercial corridor, bounded by Sheikh Zayed Road to the north and positioned adjacent to three of TECOM Group's most significant free zone business districts: Dubai Internet City, Dubai Media City, and Dubai Knowledge Village. Together, these districts house over 1,600 technology companies, 24,000+ professionals, and global corporations including Microsoft, Oracle, IBM, Cisco, HP, and Dell.

THE ONE's specific positioning within Barsha Heights provides direct access to the Dubai Internet City Metro Station on the Red Line, located within 10–15 minutes' walking distance, with RTA feeder buses F31, F34, and F35 offering direct shuttle service for those preferring not to walk. The Red Line provides uninterrupted rail connectivity to Dubai Marina, Jumeirah Lakes Towers, Mall of the Emirates, Downtown Dubai (Burj Khalifa/Dubai Mall), DIFC, and Dubai International Airport.

Additional distance benchmarks include approximately 10 minutes to Dubai Marina and JBR, 10 minutes to Palm Jumeirah via Al Sufouh Road, 15 minutes to Mall of the Emirates, 15 minutes to Downtown Dubai, 5 minutes to Dubai Internet City and Dubai Media City free zones, 20 minutes to Dubai International Airport (DXB), and 8 minutes to Jumeirah Lakes Towers.

Barsha Heights itself hosts approximately 100+ towers in a mix of residential, commercial, serviced apartment, and hotel buildings. The district functions as a mid-market commercial hub attracting technology startups, media agencies, IT services companies, and freelancers, complemented by an established retail and dining infrastructure along its ground-floor commercial strips.

Architecture & Design

THE ONE's architectural concept centres on what the developer describes as a "resort-style office" — a workplace design philosophy that deliberately blurs the boundary between professional infrastructure and hospitality-grade leisure environments. The 15-storey structure (configured as Ground + 14 upper floors, with basement parking levels) features a sleek contemporary façade with floor-to-ceiling windows that maximize natural light penetration and provide panoramic views of the Dubai skyline from upper-floor offices.

The building is designed with a human-centric workplace philosophy that integrates natural elements — botanical gardens, landscaped terraces, and green views — into the commercial environment. The design approach recognizes that modern knowledge-economy businesses increasingly evaluate workplace quality as a competitive advantage in talent markets, and that employee wellbeing and productivity are enhanced by access to natural light, outdoor spaces, and wellness facilities within the work environment.

Office spaces are delivered in shell-and-core format, providing maximum flexibility for occupiers to configure interiors according to their specific operational requirements. The building's infrastructure includes smart technology systems, energy-efficient mechanical and electrical services targeting LEED Gold certification standards, central air conditioning, and six high-speed elevators. Parking is provided at a ratio of one space per 750 square feet of office area.

The development is registered with RERA under Permit Number 23624, with Centurion Star Developers (a subsidiary of Prestige One Luxury Real Estate) as the registered developer entity.

Unit Configurations & Pricing

THE ONE offers three primary commercial unit configurations designed to serve businesses ranging from SMEs to corporate occupiers requiring full-floor presence:

• Individual Office Units (1,744–2,920 sq ft / 162–271 sq m): Starting from AED 6,789,000. These units provide self-contained office spaces suitable for professional services firms, technology companies, and boutique consultancies. With three offices typically configured per floor, each unit benefits from generous natural light from the building's floor-to-ceiling glazing.

• Half-Floor Units (approximately 4,370 sq ft / 406 sq m): Approximately AED 13,540,000. These configurations provide mid-sized businesses with the scale to create open-plan work environments, dedicated meeting rooms, and breakout zones while maintaining a private office identity.

• Full-Floor Units (approximately 6,800–6,856 sq ft / 632–637 sq m): Approximately AED 21,250,000. The building's flagship offering, providing corporate occupiers with complete floor control for bespoke office design, maximum privacy, and the prestige of a single-tenant floor.

Per-square-foot pricing ranges from approximately AED 2,300 to AED 3,098 depending on unit size, floor level, and configuration — competitive within the Barsha Heights premium office segment.

The 65/35 payment plan structures payments as 20% on booking, 45% during construction (distributed across approximately nine instalments), and 35% upon handover in Q4 2026. This construction-weighted payment structure provides investors with manageable capital deployment while the building progresses toward completion.

Amenities & Facilities

THE ONE's amenity programme is the building's primary differentiator, delivering a hospitality-grade lifestyle offering that is unprecedented in the Barsha Heights commercial office market:

• Rooftop Cigar Lounge: A premium social and networking space with panoramic city views, designed for business entertainment and executive relaxation
• Virtual Golf Studio: Simulator-based golf facility allowing professionals to practice or conduct informal business meetings in a leisure setting
• Wellness Spa: Full-service spa with plunge pool, providing therapeutic treatments and relaxation within the office environment
• Sauna & Steam Room: Hydrotherapy facilities complementing the spa offering
• Panoramic Fitness Centre: State-of-the-art gymnasium with cardio, strength, and flexibility equipment, positioned to capture skyline views
• 189-Metre Rooftop Running Track: A dedicated outdoor running circuit on the building's rooftop, providing residents with an exercise option that rivals dedicated athletics facilities
• Yoga Studio: Dedicated space for yoga, meditation, and mindfulness practice
• Botanical Garden: Landscaped terraces and garden spaces integrating natural greenery into the building's communal areas
• Reception Café: Ground-floor café providing coffee, light meals, and a casual meeting environment for building occupants and visitors
• Library: A curated reading and quiet-work space within the building
• Private Conference Rooms: Bookable meeting spaces for formal presentations and client meetings
• Retail and Dining Outlets: Ground-floor commercial units providing food and beverage and convenience retail
• 24/7 Security: Professional security management with CCTV surveillance and access control
• Covered Parking: Basement-level parking with allocated spaces

Developer Profile

Prestige One Developments operates under the umbrella of Prestige Holding Group, a diversified enterprise with interests spanning construction, oil and gas, hospitality, and food and beverage, including hotel properties in Europe and North America. The development company is led by founder and CEO Ajmal Saifi, described by Khaleej Times as "a veteran of the property sector in Dubai," with Managing Director Basma Al Badre and Chief Development Officer Yamin Shihab (formerly Managing Director of Colliers Project Leaders, with 25+ years of MENA and North American real estate experience).

Prestige One was recognized as the fastest-growing independent property developer in the UAE in 2023, with a portfolio exceeding AED 1 billion and over 3 million square feet developed across Dubai by the end of 2024. The company launched 1,500+ commercial and residential units in 2024 alone and announced 11 new UAE projects in 2025 spanning Palm Jumeirah, Business Bay, JVC, Dubai Islands, and Meydan Horizon.

Notable portfolio projects include The Residence (JVC, completed and fully sold out), Vista (Dubai Sports City, completed), Seaside (Dubai Islands, Q4 2026), The Boulevard (DLRC, Q4 2027), The Waterway (Meydan Horizon, Q2 2027), and Hilton Residences by Prestige One. THE ONE represents the group's first dedicated commercial project, extending its capabilities from residential development into the premium office sector.

Investment Potential

Barsha Heights has demonstrated robust commercial real estate performance, with TerraFirma reporting office rental yields of 8.28% — significantly above Dubai's residential apartment average — and office rental rates increasing by 25% in recent periods. The district registered 545 new rental contracts for offices in the preceding 12-month period, indicating deep and liquid demand for commercial space.

THE ONE's investment proposition is built on several differentiators. The resort-style amenity programme provides a tangible competitive advantage for tenant attraction and retention, potentially commanding rental premiums of 15–25% over conventional Barsha Heights office buildings. The LEED Gold certification target appeals to multinational corporations with ESG commitments, an increasingly important tenant segment. The freehold ownership structure enables capital appreciation alongside rental income.

Comparable premium commercial buildings in Barsha Heights, such as I-Rise Tower, carry service charges of approximately AED 15.20 per square foot annually. Office rents in the district average approximately AED 185,945 per year per unit, with premium fitted spaces commanding higher rates. For an entry-level unit at AED 6,789,000 generating comparable rental income, gross yields align with the 8%+ district benchmark.

The building's proximity to Dubai Internet City and Dubai Media City — free zones housing thousands of technology and media companies — provides a structural tenant demand base of companies seeking commercial premises outside the free zone but within walking distance of the technology ecosystem. Businesses occupying THE ONE would obtain a mainland commercial license, providing flexibility in client engagement that free zone licenses do not always permit.