THE LX: A New Standard For Boutique Business Spaces In Dubai

In a city known for stand-out architecture and fast-paced growth, Arjan has emerged as a rising lifestyle destination, and until now has lacked a commercial address that matched its momentum. The LX fills that gap, bringing boutique offices and curated retail together in a space designed for modern entrepreneurs and brands who want presence, design and community, in addition to functionality.

A powerful alliance has been set to shape that vision. Prospect, a Dubai-based strategic investment and real estate firm, has partnered with Mulk Properties, the real estate arm of global industrial conglomerate Mulk International, alongside One Broker Group (OBG), one of Dubai’s most awarded and trusted agencies. Together, they’ve launched The LX, a one-of-a-kind commercial development in the heart of Arjan, valued at AED 350 million.

Featuring 71 boutique offices and refined retail spaces, The LX blends elevated aesthetics with business practicality. From expansive balconies and premium finishes to a thoughtfully integrated F&B zone, this is a development crafted for the next generation of business owners. With seamless connectivity to Sheikh Zayed Road and proximity to vibrant residential communities, The LX is set to become the beating heart of a district on the rise.

“We are proud to partner with Mulk Properties, the real estate development arm of the global conglomerate Mulk International, known for their innovation, scale, and leadership across businesses across 4 continents,”  said Rohit Verma, Co-founder of Prospect. “The LX will become a signature address for modern businesses in Dubai.”

The launch comes at a time of surging demand in Dubai’s commercial property sector, which saw a 24% growth in 2024 and AED 89.9 billion in transactions. With the UAE’s commercial construction industry projected to reach AED 207 billion by 2030, the market is ripe for premium, future-forward offerings like The LX.

“After projects like Zim Cyber City and the Ajman Sports Complex, we’re excited to bring our vision to Dubai,” said Nawab Shaji Ul Mulk, Chairman of Mulk International. “The LX will become a destination of choice for forward-thinking entrepreneurs, retailers, and investors looking for both prestige and practicality.”

Umar Bin Farooq, Founder & CEO of OBG, added: “Arjan’s growth trajectory and connectivity also make this a project of incredible promise. At OBG, we’ve successfully transacted over AED 7 billion in residential sales. We believe this sector is primed for strong demand—especially in underserved locations like Arjan.”

Set for handover in Q1 2027, backed with strong fundamentals, a fast-developing location and a clear design philosophy, this promises to be the new signature address for entrepreneurs, creatives, and retail pioneers in Dubai.

www.prospectuae.com
www.obg.ae