Meyar
العربية
Back to Property

Prototype / Modelled evidence

Stabilized income asset 111

MEYAR-RYD-0111 · Al Yarmuk

Base. Scenario and session assumptions update this selected asset only.

Decision Summary

24.1%

HBU option: mixed-income · Base

Risk: Moderate · 39/100Confidence: Medium · 78%

Project Definition

HBU option
mixed-income
Land area
4,033 m²
Gross floor area (GFA)
19,399 m²
Gross leasable area (GLA)
15,167 m²
Units
144

Baseline

Cost Assumptions

Acquisition / land
SAR 35,586,000
Hard construction cost
SAR 16,464,000
Soft costs
SAR 2,634,000
Financing
SAR 3,211,000
Contingency
SAR 1,528,000

Total project cost = land + hard cost + soft cost + contingency + financing. Development margin = profit / revenue; return on cost = profit / total project cost.

Revenue Assumptions

Expected revenue
SAR 78,240,000
Sales price
Baseline
Occupancy
87.8%
Exit / terminal value
SAR 78,240,000

Timeline

  1. 1AcquisitionSept 2026 – Oct 2026 · 1 monthDelays the entire programme and financing drawdown.
  2. 2DesignOct 2026 – Feb 2027 · 4 monthsPushes approvals and contractor mobilisation.
  3. 3ApprovalsDec 2026 – May 2027 · 5 monthsDefers construction start and increases holding cost.
  4. 4ConstructionMay 2027 – Nov 2028 · 18 monthsRaises financing cost and postpones revenue.
  5. 5CommercialisationApr 2028 – Oct 2028 · 6 monthsSlows collections and extends payback.
  6. 6ExitMay 2029 – Jun 2029 · 1 monthDefers terminal proceeds and reduces present value.

Delivery delay: 0 months

Financial Results

Total project cost
SAR 59,423,000
Expected revenue
SAR 78,240,000
Gross profit
SAR 18,817,000
Net profit
SAR 18,817,000
Development margin
24.1%
Internal rate of return (IRR)
14%
Net present value (NPV)
SAR 5,031,000
ROI
31.7%
Equity requirement
SAR 26,146,000
Debt funding
SAR 33,277,000
Payback
32 months
Break-even
SAR 59,423,000