Before You Invest in RAK: What You MUST Know About Ellington Property Prices & Al Hamra

Part one, we talked about Rosal Hama, which is the Emirate that's gaining a huge buzz with the announcement of the win first and only gaming casino in the GCC, not only having broken ground on their first project in Russell Hamma, but also having just purchased a second plot. And with that and much more that's going on in Russell Hamma outside of the gaming industry, it has drawn global attention. But I cannot express enough that in this region of the world, unlike anywhere else that I sell real estate, it's not just the location, location, location, but it's the developer, developer, developer. And that's why here on the The Dubai Connect podcast, I'm very particular about who I bring on. I vet them. I understand their profile, their history, their proven track record because you have faith in me. And trust me, and thank you for that. So back here for part two we have Abdul Latif from Ellington. I'm so happy again to be here to be honest. Good to have you. I rejected so many podcast really. Okay, but with you like I really like it because you are straight to the point. You are very honest with your client and you bring value to the podcast. I'm going to cry right now. Please don't cry now. So many emotions. I send you mad emojis and crying emojis and he's like why are you always mad? Abdul, you don't want to deal with Gig and WhatsApp. Yeah, she scares a lot of people. I haven't got blocked yet. Well, not one. Not that I know of. Welcome to season 6 of the The Dubai Connect podcast, a topranked Dubai real estate show. I'm your host of the The Dubai Connect, GG Benitez, a certified international property specialist and a licensed realtor connecting global investors with prime real estate opportunities in Dubai's thriving market. So, you know, I will I will actually start this first and foremost. I think it's one of the most important things because it strikes me. What is the Ellington effect? Before we even get into what does that phrase what have you gained the that phrase for okay so again if they want to hear about Ellington more details we did the previous podcast so I explain more about there effect basically it's it's something that being used between brokers in Dubai real estate market and other sales developer team wow all right I give you an example when you have when you are selling your own product or own Let's say now since we are talking about developers if we are selling your own project usually in the sales office there is master plan and where you put the mockup all right so let's say if you are in a certain master community where others are located as well you don't put their project in your master community because you are promoting your only your projects right right there is a developer I will not mention the name of okay that they have some project they are selling over there in their sales center and the master community they put two projects of Ellington in their cell center presenting this to their client that Ellington is here. Wow. Exactly. What kind of testament is that? I have to vouch for that. That is so true. Exactly. We're building right next to Ellington's building. I've heard that so many times by other developers. This is one fact. The other one like usually when there is a developer, especially new developer, the Mickey Mouse developer. Okay. If they want to like come and tell their clients, hey, we are doing good quality projects. Usually they say we're going to be better than Ellington. So Ellington kind of become like became a benchmark for design quality luxury apartments in Dubai real estate market. And that's why if you ask Chad today that you want to invest with luxury developer, boutique developer, exclusive developer. Abdul Latif with that point and example you just made it was just recently a month ago with your up and cominging project in Dubai South. So I was selling for a developer of course we're not going to mention names who actually was pitching my client that he should buy in this project because the plot two blocks away has been just purchased and going to be launched by Ellington. So, that is very strange for one developer to pitch that you should buy with us because we're going to be right next to Ellington. And I believe you're known for raising the rental average in in an area and so I'm very proud to have you on the podcast. That was my second point to mention like beside this that where wherever we go like we really impact the rental incomes in that area. Now I'll give you true numbers with like facts and figures. I have a friend that he's been also in real estate for a long time. He said you were one of the reason that the JVC level went all the way up. The rental back in that days for one bed was like 40,000 45,000 45,000. Yeah. Maximum. Yeah, exactly. A length first project like was renting at like 75 80,000. You're talking about Belgravia. Belgravia. The Bulgaria collection. Today in JVC we are renting one bed at 100 and 105,000 per year. This is an area where the one bed in average of that area is like 70 maximum maximum right another example. So in maidan basically we have couple of projects as well in maidan my own client I can show all the clients with from DLD with we are not just talking numbers and assuming I have all this recorded the onebedroom over there rented at 135,000 and there's something called DXB and track where you can check transactions always recommen The average exactly the average of that area for one bed it was 105. Okay. So the cost of Ellington rental is usually let's say 20 to 40% more than the average. Why? Because this is a lington brand. This is a effect basically. All right. And also the Ellington effect in Russell. So when we entered Russell Ka the pricing were like all the way 500 till 1,000 maximum. All right. We started at 1,500. So more than the average of Rasar and we sold out in one single day. True. I remember after that the pricing of that area went all the way to 1,600 for other develop and then they start to sell at 1,800. They couldn't reach that level if we were not there. Agreed. Right. I I agree and I congratulate you on the success that you've done because brand here in this region is probably the most how do I explain it globally? Cuz I sell in other areas, right? I sell Spain. I sell in California. But a lot of times when I sell in California does someone doesn't know the builder. Yeah. Next door to each other. Who's this builder? Who's that builder? Right. It's about location. Location, location. And what when you sell or you buy property in this area, just as important as location, location, location is the name of the developer, developer, developer. So, but let's go into the location. Rasula, may I ask why did Ellington even choose to come to Russell Kama? Good question. Basically, we saw an opportunity in Rasul Ka and we wanted to be part of that opportunity as well because Rasula is really growing, right? We've done this before as well in areas like let's go back with time again in JVC like most of the developer they didn't believe in JVC as a community but we were one of the developer to bring luxury concept high-end finish apartment in JVC and then other developer came and they did let's say copy paste design of all right we saw that opportunity in Russ we wanted to be also part of the growing area of rasal by bringing the best design, the high quality finish, you know, the architecture that we use in our building, we want to match because, you know, a lot of international clients and visitor will come to rack. All right? So, and I think there are a lot of people that they love concept of nice design, right? Nice design, nice concept, high standard global amenities, lifestyle type of things. We Ellen does this. Ellington is a benchmark for high quality, for high standard amenities. So we want to be part of let's say Rasul skyline. All right. By having that oh this is Ellington. That's why we did the first ever design building by AI was in Rasar. Oh wow. Yes. We we use AI in porta. Abdullah, you keep repeating over and over the high design, but you keep forgetting one very important aspect about why LinkedIn is so wanted and wellknown is your finishing. No developer I mean I could mention some of the biggest names and yet no one has come close to your finishing. I mean forget the design no doubt you guys have your own method of designing but it is your finishing is that actually attracted not only investors but mostly end users that's a good point users exactly because with Ellington you pass both the categories not just investment wise you guys do great with capital returns because of your strategic locations but at the same time your quality every end user would definitely would want an Ellington to live in. Very good point. Of course, we're very well known in the market because of our quality and finish. There's one very important fact with the LinkedIn that people have to like focus on which is the exclusivity of our projects, the boutiqueness of us. You know, I give you an example. So, there are also other devices that have really good finish in the market. All right. But when I see a building has like 3,000 nice finish, I think it's there's no point again. Why? Because I'm killing the part of exclusivity. Why has higher rental in the market? Because number of units in the project always is limited limit. We don't do 3,000 units per building. We don't do those 4,000 all this. Why? Because we don't want to fight with our own investor. Exactly. Saturating your own project. Exactly. So this is very important fact would you want to invest with the link that you need to know that even though you are buying this as investment but it's a great product as an end user as well scarcity that's what we've been scarcity especially right now when there are talks going on is there and we know Rosal there's not going to be over supply cuz it's still a baby market but in Dubai is there going to be so scarcity is how you make sure to leverage against or hedge against any potential over supply right exactly you said something very nice as well like in other countries like usually is location location location but here the way that I see it in UAE's market is product product because for a lot of people like people they say downtown is the prime area but for me downtown is not prime because I don't want to be in downtown yeah you want something that's newer I have my own standards right like I don't want like because I work in a place very close to downtown always there so when I want to like I want to leave that environment that I'm still in downtown and business build. All right, that's why for example in downtown we have a building called DT1, one of my favorite buildings. All right, in downtown usually when you hear downtown you want BJ Khalifa view, fountain view. Now guess what? DT1 has no view. The threebedroom when we used to sell in DT1 for 4.3 4.4 million which was challenging because you don't get view with a 3bedroom. Your actual view is a big empty plot. All right. Now, that threebedroom in the market worth of 6.8 all the way to 10 million if it's upgraded product. And this is important to notice for global investors. We're talking about desert. Yeah. Right. It's not the easiest of conditions. So, if you're just going to buy because of the location, that's what I was trying to say in San Diego, let's say, where I sell two projects are next to each other, right? Someone doesn't really know who the developer is. The location is the location. You're on the beach, you're on the water, you're in La Hoya, Delmare. But in Dubai, which is a desert and it is a harsher condition, if it's an Ellington or one of these Mickey Mouse developers that isn't known for their craftsmanship and their quality of their design, if you're from this region, you understand that that Ellington one is going to fare much better long-term for that secondary market and that end user, which impacts the investment for that first buyer as well. And so it really does matter and that's why I always love having you on here. And then even with Rasala when we talk about is that a little bit of a riskier investment, right? Because as we talked on part one, everything is leading to it's going to be a win-winwin, right? Because of the win casino, etc. And actually factors outside of just the gaming casino that we addressed in part one of our episode. But if we want to factor and if we want to hedge against any potential risks involved then you have to make sure you're investing with the right developer which we want to talk about with Ellington and I'm going to say something though this is probably where he's talking about about the WhatsApp messages with sometimes mad faces is that because of your scarcity and because you don't have thousands of units you've never let us down, but it's not easy to get an Ellington Prime unit, even if it's EUI. And that's the thing that this is another one of those things where I'm still battling a little bit of American investors, not UK investors, they understand, but American investors of understanding that that EOI process, that expression of interest, especially with a top tier developer such as Ellington, okay, especially with the top desired locations or the best units in those locations is one of the most important factors. Can you expand upon that? Of course. UI especially in off-plan is the most important step you do when you want to buy a property in Dubai. UI is basically stand for expression of interest that you are expressing your interest in this project. Now some people they think if I'm going to submit AUI usually UI like you get your passport buyer information sheet a refundable fees of depends now on the developer the developer 50,000 dham or 100,000 dham then you are officially on the waiting list just the waiting list just the waiting list to buy in that project so EUI is an appointment exactly He eyes appointment which cost you $25,000. All right. So this is important. Why? Because we have a lot of requests like we have a lot of people that they are willing to buy. You have 60,000 brokers. Of course you're going to have a lot of requests and client at the same time. So we need to filter. We want to see who is really interested in this project who like who want to be part of this project. That's why and thanks to you guys Ahmed and Gigi one of the best brokers that I have as well by guiding the clients in the right way with the right developer it's really important because let's say if you don't submit your eye you are not even in the waiting list all right as a developer salesperson all right when we open any project like when we announced the official sale day we have list of clients that submitted their UI and we check their UI by the way like if all true if we there is a fake UI We ignore that one as well. So sometimes if let's look at this now. Sometimes we have a project with 400 units. Number of registered client 1,000. Wow. This only registered. All right. So it's a challenging for us who will get Yeah. Who gets what first? Exactly. For this we go check who submitted the UI first. Like date of EOI is really important in off-plan. Number two, we see who paid higher UI even in some cases, right? And who's the broker you're working with? And who is the broker because of course really the relation our channel partners is very important. Sometimes we give units to agencies that been doing business with us for a long time. We don't want one time buyer, you know, we don't we don't want we want a longterm client in our portfolio. So submitting UI is one of the most important step that you do before buying an off-plan. All right. Thank you for clarifying that. I'm going to ask you another question for the people that say, "I'm going to wait for the brochure and then I'll make a decision." So, in Dubai, we got used to sell apartments without even seeing the floor plan. Correct. All right. American clients still say, "What are you talking about?" I said, "I mean, you could wait for the brochure." But but but the project will not wait for you. All right. There you go. And then the other thing to clarify the client should be assured and and at ease knowing that the EUI is fully refundable. So that makes it a lot easier to understand why it is so important to place the EUI even if they have not seen the brochure if that's one of their condition. But a lot of the a lot of the times investors are not aware of that. So they feel like, "Oh my god, if I put my submit my EU, my deposit, I will not get." So that's a very expensive appointment I'm making. So yes, it is. We usually clarify that and thanks to yourself. Yeah, I'm glad for you clarifying it more. And I think it's even more so with Ellington. Like there are some developers that are going out to the United States and they're saying, "We'll give you two free tickets and five night come out here and all to sell you." And I say, just think logically about this. Let's think logically. Why do they have to do that? Ellington doesn't have to do that. Imar doesn't have to do that. Nahil doesn't have to do that. Beyond doesn't have to do that. Why does this brand have to persuade you and bribe you when I am fighting Abdul Latif to get my clients their units and and fighting for them because the desirable brands that are have the positive reputation in this region are killing it. And so actually I want to segue into a success story in Rosalama your first launch. Tell us about that. See very good point by the way regarding the UI because especially international client need to know that it's really important point to do right sometimes I tell my clients we are not here to sell you are here to buy. Wow. Not trying to be selfish here by I want to trademark all of his little oneliners. Copyright having you cannot take all this. Now beside Russell H first project like for us we kind of got used to it every project that we are announcing somehow it sold out even before the actual the actual launch basically why because as a LinkedIn we want yes we are here to make money as well like all other businesses but we want our investor also to make money like if I don't make my investor money if I'm if he doesn't see profit they will not come back to us again right that's Why we have a lot of repeated clients. That's why during EOIs Exactly. Like I have client that being like I saw them two three years ago and they hey I saw this on your Instagram. I'm interested. They are like this is I hope it's not my client that I brought to you. I'm just kidding. I'm just using I'm just teasing. Sorry. Exactly. So now we have a new project by the way coming up in Razar. Yes. It's called Sto Grande. See we have a wrecked this beautiful Spanish. Sto Grande is I I live in Esto Pono right now. I'm based right now next to Marba and that's an area that's just like a half an hour from where I've been staying this whole summer. Sto Grande. Have you been there? Not yet. What you supposed to come visit this summer? You end up going to Monaco instead. Exactly. Yella will come. She will be my tour guide. So Sto Grande is based on the coastal deloul in Spain the name. So tell us about it. We have like Spanish names in our project. Costamare sto I have to speak Spanish now. So grande located in Hamra Island basically again if we look at the three islands Marjan Hamra Min Arab kind of they are growing all together in terms of capital appreciation. Okay. So, so fairly equally. Exactly. Right. But the entry ticket of Alhamra is way less compared to Marjan. So, exact see I cannot tell you why exactly like that because number of developer in Alhamra way less compared to Marjan so in Marjan so a lot of big developer brands are there so that's why the price keep increasing and the fact that it's next to the wind and it has this effect. Okay. Now, if you want to be a very smart investor, all right, go buy an Alhamra. Why? Because you can see the same path is growing in all the three, but the affordability in Alhamra is way better. So, instead of paying 3,000 to 3,100 D per square foot in, let's say in Marjan, you can buy 2,000 dam in Alhamra. Now, I give you very exclusive news. All right? Maybe it already. Okay? That there will be connection from Alhamra to Alja. I was just going to ask you what is that connection going to be? Bridge. A bridge. And how long will that drive be? I'm not sure because the master developer is doing this but see rack is growing same as Dubai like another example. Yeah in Europe I noticed the public transportation is very advanced like you can get from point A to point Z in like 10 to 15 minutes. In Dubai we have now only the first line on the sheh side right but there is future plan the blue metro line the brown so this is very important fact this also will happen in rasma and rasa so the travel distance today from alhamra to marjan 10 12 minutes depends how fast today right now it's only 10 or 15 minutes today but I believe in future to 5 minutes yeah because it's on the same coast same coast exactly so so what's the price per square foot right now in s grand expected to be 2,000 to 2,400 like very afford. Now in terms of ticket price you can get a studio for 900 to 1 million one bed at 1.5 million. Now of course if you take the same the product is amazing beautiful resort style like if you just see the brochure you're going to be in love with this project. All right now if I take the same product I put it in Maran that one bed is at 2.7 million. So I'm saving a 1 million for a 5m minute distance travel where I can get the same capital appreciation because the whole emirate is is growing and I can get very good short u term rental value as well like if you do the calculation let's take a one bed around 700 D per square per night you can do like after removing all the charges somewhere Isn't it amazing? No taxes. Exactly. No taxes. Now this is this is your part, huh? No taxes. Safe. Safe investment. Exactly. That's incredible news. And when is the launch happening? In just one week time. One week. Yes. Oh my goodness. I need to get this edited and out right away. Okay. For you is in two weeks. I mean that's the thing. I am the The Dubai Connect and we have been bringing you Abdul Latif and we've been developing a relationship and it's important. I think that our relationship is important. You understand I always say that Dubai real estate brokers are very spoiled if they're only selling to this area and region cuz it's easy to sell in this area and region. Everyone already believes in it. Everybody already understands. They understand that everything's done on WhatsApp. They understand you said your passport in. They understand eo wise and they understand you buy before you see a floor plan. You understand that my American investors are a different mindset that the Canadians are a different mindset. They're catching on and now for example just the H-1B visa news that Trump just implemented $100,000. I've been getting phone calls morning, noon, and night for that golden visa, right? Because if you make an purchase of 2 million Durham, you get the gold visa. And by the way, that's in Russ as well. The rules may differ as far as when you get the golden visa, but it's still 200 2 million durham, right? It's still 2 million. It has a bit different system compared to Dubai. Even when in terms of, you know, Dubai, it's very old in terms of, you know, real estate market rack. Yes. All but now is getting the hype you know. So they are improving all the system now. For example, the difference between Dubai you can get it like matter of seconds from Dubai land department and the registration rack is still it's like a physical concept. How long does it take in rock? It depends on developer to develop takes like two weeks from two weeks. Two weeks after the 20% payment after signing I've also seen in some cases it took actually couple of months two months. So it varies but two weeks to two months you get the ode. Oud you usually get it after the SBA signing the SBA. Now to get this you need to pay your down payment plus the registration fees. Now for example now the registration fees in rack is different than Dubai. In Dubai you pay with the down payment 4%. In rack you pay on the completion on the completion. So you just pay the down payment and you pay only like and what's the percentage for the registration? Registration is 4%. So in Iraq what we do for example we pay 2% from our side and the investor will pay very nice 2% very nice and it's the same with regards to the legalities of the short-term rentals all of that right of course of course which can all be done online safely I mean this is I don't know if you've been watching what's been happening since you left to go to Europe cuz I didn't you just come from Paris by the way yes I did a lot of cities top markets around the world are becoming more and more difficult for short-term rentals Spain. So, it's becoming more difficult to do the short-term rentals in so many of the top markets, but the UAE welcomes it. And that short-term rental is typically 3, four, 5% more than, let's say, a long-term rental. There's still a benefit to getting that long-term renter in cuz you get that one year check at a time that's usually done here. And it's a comfort piece of mind, but you can make more money off that short-term rental. And the ability to do it here is so simple. No matter where you are on the globe, everything is just done and digitized online. So you just collect your masi. Yeah. You're a profit. You're win-win. Exactly. Exactly. Do you have plans to launch more in Russia? You want to make me some huh? Of course. But then we are developer. You're developer. We're gonna be looking for opportunities. You know, we will make our clients happy as well. Definitely, we're coming up with very exciting projects. I cannot announce it over here. It's not official yet, but believe me, every project that you will invest or buy with Ellington, you're going to be happy client with us. For Sto Grande, what are some of the amenities that are differentiated from other projects on our favorite pilates and yoga with matcha? My favorite is paddle. Okay. Okay. Paddle. That's becoming so hot right now all over Europe, too. How expensive is it in Dubai? How funny. That's a big thing in Spain as well. By the way, it's a Spanish game. You know, it is okay. But it's like all the amenities that you think are there, but the way that we design is different. Like for example, is trouble height lobby, right? And the lobby itself, the way that we designed the lobby, you know, because the second floor has infinity pool, you know, the length of that pool 60 m. Now, Olympics size swimming pool is 50 m. Imagine in your residential not even branded or hotel we got a 60 m swim wing pool for our resident all right and there is like sort of like a hole right from the lobby ceiling all right that you can see the pool from the lobby of that building right and then so many other like we did like adventure climb wall in the gym we have a podcast room as well in our yes yes wait so the can I negotiate that my next sale that I get my own place that you give it to me so I can do my podcast. Of course, you are a very important channel for us. You can get a By the way, by United States standards, that's a verbal agreement and now you have to live up to it. Done. Consider it done. You know, one thing I will say that is so huge in the UAE that's fascinating to me as again somebody who is is connected with the coast of Del Soul and San Diego, California is how much your projects and the top tier developers in the UAE, Dubai, Rasalam and Abu Dhabi about the lifestyle. We're not talking about just you're buying an apartment. We're talking about after you come home from work, everything you could imagine that brings you a quality of life, right? From like you said, the pool, the Pilates, the gym, the adventures, club lounge. Yeah. Wait, what? What this club lounge means? No. Amazing. So, one of my colleague, she lives in the same building in Ellington building. So, okay. So, she said, "I'm going to do my birthday party in the building." And I said where? She said in the club lounge. Club lounge basically is a part of amenities in the building. Let's say you live in one bed studio. Let's even two bedroom. But if you want to invite your friends for birthday parties for even is it always should I go outside to restaurant to book blah blah and all this stuff. I want to be in my home but I don't have a space. So club lounge is the perfect place for such events. So she booked the club lounge. She brought the catering services and all this. We really had a fun time in the club lounge. It's like I always give this example. It's like like your home but without the bed. You have kitchenet. You have PlayStation, VR, billiardo, ping pong. All this for you. It's only for you. So no need to go outside the building. You can reserve all this in your building. Come and enjoy with your friends and family. If you got bored one day, you know, you just want to read a book, whatever, go in the club lounge. You're going to communi communicate with your friends, neighbors over there. So this is and that's why you mentioned as well. Yes, I've like I traveled also your whatever every building that you go like there's not many it's stale. Yeah, it's like concrete. Dubai is always about convenience. That's what I love about this country and that's when you really appreciate this country Dubai is when you travel outside of Dubai especially to Europe. I mean I was just now in in Spain so I was in Estona Barcelona Madrid and not a day goes by that I say to myself and compare that if I was in Dubai I wouldn't be going through this it would have just happened for me like this you go through a lot of inconvenience when you're traveling to these countries I feel Dubai again we hear this over and over again Dubai really spoils you to a point where you just can't wait to come back to Dubai for that comfort. You know, it's life is comfortable here cuz G is always asking me, do you ever see yourself going back to America? And I'm like, impossible after living 27 plus years over here. There's no way I could live in that kind of environment. It's a shame to say this, but US and the other countries in Europe are starting to look like a third world country compared to Dubai. Have you been to the United States? Not yet. You haven't? No. You're not missing out on it. No. San Diego is beautiful. Come visit. San Diego. No doubt about it. Abdah, it's beautiful. San Diego is gorgeous. America, it is a great place to experience once in a lifetime. But I guarantee you, very far. It's quite far. I I think I'm I'm going to be coming very soon because of the World Cup. I'm huge football fan. You've seen my Instagram. Yes. Yes. So that's in United States, Mexico, and Canada. Where in the US are they having it? New York, of course, and other cities. So my daughter lives in New York. Let's see how successful it's going to be. There's a lot of questions. I cannot wait to get your feedback when you go to New York for the first time. You can run away. Should I go? Should I skip? I'm going to cancel my old plans. I'm going to watch it from from home better. You're going to have to have someone pick you up at the airport, hand walk you in little sheltered car. You're going to be traumatized. Abd, I don't know if I should let you go. I don't know how this come to Dubai. So, to sum up, Sto Grande, which I just love that name, right? We're talking about what's the price per square foot for entry point right now? Around 2,00 2,400 G plus 20 there are two tower G plus 20 and G plus 20 are you launching both towers at the same time most probably likely because we have a lot of pressure how many units around 602 units right between studios one bed two bed two plus three bed and a beautiful penthouse of four bedroom I wish I buy very close to the beach steps how close to the beach walking or Driving walking. Of course walking distance. I'm joking. All right. 30 seconds. Are you serious? Yeah. Yeah. So are you saying it's it's a direct water beach? It has its own private beach or it's not own private beach. We do have other project has it own like co but this is like steps from the beach. It's beautiful. And the golf course is just behind you. Alhamra is one of the island that combines both sea and golf. You don't get this in Dubai. Yeah. Like you cannot get place that has these two feature in one location and paddle of course. So it's very sorry. So so it's very smart investment to look at this the price all the way from 900,000 for a studio one bit as 1.5 to one. You don't get this in the wide like such price like you cannot get this pricing and within Ellington and with the developer Ellington. And what about what you guys are famous for your payment plan? Yeah. So payment plan again every developer has his own payment plan right we follow 7030 payment plan 70 during the construction and 30 on completion but after certain installment the payments always link with the construction update okay this is a the most safest payment plan I was going to say that protects the investor there are two type of payment plan whether it's dated payment plan or construction link payment plan we follow the construction link payment plan it's fair for both sides developer and investor you pay as the project construction construction state handover date 2029 will be end of 2029. So, and then win is supposed to hand over in 2027 first quarter. Yes. 2027 which is very good. Like I like the project that will be delivered after the win because it take that hype those influencers Snapchat, Instagram stories, Tik Toks and all this. So by time it's going to be more growing and growing. This is one option of other option that we have. We have so many different other projects. We have something for everyone basically. You do? Yes. But you need to go through me to be able to go through him. Of course, you will get the special treatment with her. Now, what is special treatment? What type of deal? You won't know until you call me. Exactly. You know, you you're so nice. You answer me any time of day, any country you're in. And I want to thank you for that. And with that I will say we have addressed that to purchase an Ellington and to get a secure unit you have to use the EOI process. You can learn more about Ellington in another podcast that we did to understand the brand more because the developer really matters. Our first segment that we did goes into Rosal Hammer but of course you can reach out to me with any additional questions that you may have. This will sell out most likely within the next few days. So, please reach out to me now if you're ready to make an investment with either this project or learn more about what Ellington has coming up so we can get you on that priority list. Make sure to like, subscribe, follow, and stay tuned for the next episode of the Dubai.