Photo of the community −12% ORO24
A young mid-market developer that has assembled around 2 500 apartments across six projects in a few years, competing on what sits outside the front door rather than inside it.
11 lots in stock across 5 projects. Of the 6 with a known status: 0 ready, 6 under construction. By median price — 132nd of 139.
- Mid-market
- Rental yield
- Amenity-heavy buildings
- A first investment purchase
Median price $219K AED 805 000
Entry price $162K AED 595 000 — the cheapest lot
Per square foot $482 AED 1 769 / sq.ft, median
Completed stock 0% 1 lot discounted, deepest −12%
Where they build
The districts where this developer has the most lots in our stock.
Arjan 10 JVC 1
The company in brief
Checkable facts about the developer itself. Unlike the figures above, these are not about our stock and do not move with what happens to be listed today.
- Founder
- Atif Rahman, also chairman
- Portfolio
- around 2 500 homes across six developments
- Projects
- Torino, Levanto, Elano, Kyoto and others
- Torino
- a gated scheme of six buildings, 626 apartments
- Levanto
- 579 apartments and duplexes plus retail
- Elano
- about 10 500 sq ft of health and gaming facilities
What kind of developer this is
Competing on the amenity floor
In the mid-market, apartments are near-identical: same sizes, same views, same finishes. The only thing a building can differ on is what lies beyond the apartment door, and this company plays that game deliberately.
For a landlord it works: at equal rent, a tenant picks the building with things to do. For an owner it is a permanent cost, and it needs to be counted before rather than after.
The economics of this segment
This is where a yield calculation actually means something: plenty of comparable sales, known rents, short voids, a low entry price and a higher percentage return than the premium end.
The price is competition on exit. Six hundred apartments in one scheme means your unit competes with dozens of near-identical ones. Pick what stands out — a corner plan, a floor above the surrounding roofline, a view that is not a neighbouring facade.
What to check with a young developer
The record is short by definition, so the weight shifts to documents: project number and escrow account in the Land Department register, construction progress from the regulator inspection, the contractual date and the grace period after it.
And go and look at the buildings the company has already handed over. For a newer developer that is the most honest source there is.
Projects by ORO24
All projects →ORO24 listings in stock
All stock →
What these numbers mean, and what they do not
The developer is inferred from the project name — there is no developer column in the base. So the figures describe our stock, not the company's share of the Dubai market: a developer sitting on an enormous volume of completed housing can look smaller here than one whose projects reach the resale market more often.
These are asking prices, not closed transactions. For a specific building I pull the registered Land Department sales and show where deals actually closed.
In the news
ORO24: rapid scaling in the mid-market, and how to price that risk
A developer that built a large pipeline quickly in Arjan and the growth clusters. What to verify when the pipeline is bigger than the delivery record.
Other developers
All developers → Questions
ORO24: questions and answers
How much does a ORO24 apartment cost?
The median across this developer's lots in our stock is $219K (AED 805 000), with entry from $162K. The median per square foot is $482. They are drawn from asking prices in our own base and refreshed every night — a picture of current supply rather than of the official price list.
Are there discounts on ORO24 property?
Right now the base holds 1 lot from this developer priced below the market, with the deepest cut at 12%. It is the seller on the secondary market or on an assignment who cuts the price, not the developer — each has a reason to hurry. The discount is calculated by an algorithm relative to comparable property, with no manual broker estimate.
Is ORO24 a reliable developer?
Delivered: around 2 500 homes across six developments. A developer is checked against the Land Department’s open register rather than a brochure: it shows the licence status, the construction progress of each project and the registered escrow account. On off-plan the buyer’s money goes into that account under RERA supervision and is released against verified milestones. The full dossier is in the write-up above.
What projects is ORO24 building?
The site catalogue covers 3 projects by ORO24, each with a building passport — storeys, units, handover date and bedroom mix. They are listed above, and the “Where they build” block shows the districts with the most of its lots. Any lots on sale appear directly beneath their project.
Should I buy from ORO24 direct or through a broker?
Money-wise there is no difference: on off-plan the broker is paid by ORO24, not by you, so calling the sales office direct saves nothing. What differs is the view — the developer’s sales team sells only its own buildings and will not mention that the same unit costs less next door or that this project hands over later. On resale and assignment the commission is the usual 2% plus VAT.
Is ORO24 worth buying
That depends on what you buy and why. Describe the budget and the aim — I will point out which of this developer’s buildings are justified today and which are better left alone.
Ask on WhatsAppAsk a question
Telegram is the fastest way — I answer personally.
Message on Telegram