Le Gourmet at Galeries Lafayette Unveils New Business Lunch Offering
Prospect and Mulk Properties Officially Launch The LX – AED 350 Million Premium Commercial Development in Arjan, Dubai
Meeting Soaring Demand for Quality Commercial Spaces in Dubai’s Fastest-Growing Urban Hub.
Dubai, UAE – May 2025
In a strategic move to address Dubai’s growing demand for premium commercial spaces, Prospect, in partnership with Mulk Properties, has officially launched The LX – a landmark AED 350 million boutique office and retail development in Arjan, one of the city’s most dynamic and rapidly expanding districts. One Broker Group (OBG) will be the exclusive sales partner for the project which was unveiled at a high-profile launch event at the Waldorf Astoria, Palm Jumeirah.
Set for handover in Q3 2027, The LX features 71 premium boutique office units and 2 curated retail spaces, offering modern businesses and discerning investors a rare opportunity to own commercial assets in a location experiencing unprecedented growth. With demand for flexible, high-specification office spaces at an all-time high in Dubai, The LX is positioned to fill a significant gap in Dubai’s evolving commercial real estate sector.
Mulk Properties, known globally for projects like Zim Cyber City and the Ajman Sports Complex, brings international development expertise and long-term vision to the partnership. “The LX marks our strategic entry into Dubai’s commercial property segment, and we’ve done so with intention and insight,” said Nawab Shaji Ul Mulk, Chairman of Mulk International. “Our focus has always been on high-impact, future-proof developments. With Arjan’s explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we’re setting a new benchmark for what boutique commercial development in Dubai should look like.”
The launch comes at a time when Dubai’s commercial market is seeing a paradigm shift—away from generic office towers toward purpose-built, design-led spaces that prioritize community integration, functionality, and long-term investment value. Arjan, as a well-connected and increasingly sought-after destination, ticks all these boxes, making it the ideal location for Prospect’s newest venture.
“The LX isn’t just another commercial development—it’s a targeted solution to an urgent market demand,” said Rajat Verma, Co-founder of Prospect.
“Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect’s vision of delivering high-return assets in high-potential areas.”
With One Broker Group leading the exclusive sales mandate, The LX is already drawing strong interest from investors, SMEs, and entrepreneurs looking to establish themselves in a growth-focused location with excellent ROI potential. “What sets The LX apart is not just its design or pricing—it’s how perfectly it aligns with the market’s future,” said Umar Bin Farooq, Founder & CEO of One Broker Group. “We’re witnessing a major shift in how commercial real estate is being utilized in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We’re proud to represent a development that understands what the market truly needs.”
With direct access to major highways, Al Barsha South, Jumeirah Village Circle, and Dubai Science Park, Arjan is one of the few remaining zones offering centrality without congestion. With thousands of new residential units being delivered, the demand for adjacent commercial infrastructure is rising sharply. The LX directly supports this growth by offering a professionally designed, investor-grade asset that balances prestige with practicality.
Project Highlights
AED 350 million premium commercial development
71 boutique office units & 2 curated retail spaces
Contemporary architecture with refined interiors and balconies
Dedicated F&B and retail zones
Seamless highway access and proximity to key residential hubs
Handover expected: Q3 2027
Unit prices starting AED 2 Million onwards
With the UAE’s commercial real estate sector projected to exceed AED 207 billion by 2030*, The LX is more than timely—it’s essential. The project exemplifies how visionary partnerships between leading developers and expert sales strategists can reshape Dubai’s commercial real estate future.
