Isthmus Project Development Consultants (IPDC) provides integrated real estate development management services.

We work with land owners and real estate developers to oversee the design, structure the finance, and manage the execution and delivery of real estate projects. Our integrated services support clients at each step of a real estate development project lifecycle – from feasibility studies, permitting and capital raising, to execution and sales support.

Our partners have a combined 50 years of expertise in the market, made up of blue-chip investment bankers from New York and London, and engineers specialising in construction management of some of the most recognisable projects across Dubai.

This broad spectrum of capabilities provides our clients unique access to expertise to successfully deliver real estate developments on time, fulfilling specifications and within budget.

DUE DILIGENCE & PROJECT FEASIBILITY

We help owners and real estate developers shape a project from the initial demand study to short-listing best-use cases. We prepare and deliver robust real estate development financial feasibility analyses. Our feasibility studies rely on complex financial models built on extensive due diligence – giving clients and financiers crucial insight into sensitivity scenarios, risk analyses, expected cash flow projections, and revenue forecasts.

We undertake the due diligence of projects with the mentality of principal finance and can fulfil the information requirements of sophisticated financial parties. We have unique capabilities in-house that blend financial skills with technical experience on real estate development projects, whatever their stage.

 
FINANCIAL MANAGEMENT & CAPITAL RAISE

We advise on real estate transactions offering our clients the sophistication and expertise gained in major investment banks. We develop cash flow projections, cost modelling, and oversee the project financials inclusive of all costs to complete.

Through our associate firm, Isthmus Partners, we have built strong relationships with investors, banks, family offices and fund managers. Our clients benefit from our experience in structuring capital to ensure fully funded projects that do not rely on off-plan sales. Our familiarity with how financiers operate allows us to get the best deals for our clients. We also assist clients in structuring the refinancing of their completed real estate development projects.

DEVELOPMENT MANAGEMENT

We commission and supervise robust designs to ensure realistic assessments of the cost to complete and we provide strong budget discipline during execution of the real estate development project. Our team manages the tendering process and selects the most suitable contractors considering only those with proven track record of similar completed projects.

For each project, we deploy a dedicated site team comprising the project manager, construction managers, project engineers, site architects and our own QS. This team is supported by our back-office team of analysts and planners who work together to ensure the main contractor and various subcontractors deliver the project according to the program.

Our team provide weekly to monthly reviews of project milestones and contractor performance. We complement these operational reviews with robust financial reporting and ongoing risks analysis that is available to clients in periodic reports and meetings.

Our approach provides confidence to all stakeholders of the financial and technical success of our client’s projects.

 
SALES, MARKETING & EXIT STRATEGY

Our relationships with agents, clients and individual investors enable us to enhance the sales and marketing strategy of real estate development projects, facilitating an exit at the target sales ranges. Our working relationships with different lending banks facilitate end users’ access to mortgages that expedite sales on completion and help achieve financial goals.

We are also familiar with financial institutions’ procedures and criteria to novate construction loans into long-term mortgages.

The key driver in our firm’s commitment to deliver projects lies in the quality of our team.  Our team represents some of the top talent from the industry who have worked on some of the most recognisable projects in Dubai.

FINANCE

Our finance team is led by our senior partners who have more than 40 years of experience in consulting and banking,  having worked in New York, London and now Dubai. This team carries out the financial due diligence, and develops and executes the financial strategy for each project we undertake.

PROJECT MANAGEMENT & DELIVERY

Our senior project management team have a total of 40 years’ experience in design, execution and project management across India and the Middle East. The team brings together experience from diverse sectors ranging from aviation (Chhatrapati Shivaji International Airport, Mumbai) to 5-star hospitality (Five Palm Jumeirah - formerly known as the Viceroy Hotel, W Hotel & Residences Palm Jumeirah) to luxury and large scale residential projects such as Sanctuary Falls in Jumeirah Golf Estates, Boulevard Central Towers, Burj Khalifa, and Jumeirah Village Triangle in Dubai, and Bhimashankar Hills – Villas & Apartments, in Karjat, India, to name a few.

By bringing in the best talent from the local marketplace, our in-house project management team expedites the timely and cost disciplined execution of real estate development projects through to completion.

CURRENT ONGOING PROJECTS

RESIDENTIAL TOWER, AL SUFOUH, DUBAI, UNITED ARAB EMIRATES.

We have two teams deployed on this 38-floor residential tower comprising 224 Units, with finishing works remaining. Our on-site team are currently carrying out technical due diligence for project re-tendering. Our finance team is reviewing the project’s financial and administrative information to assisting in structuring an AED 130 million financing. Our services will be carried out under a 20-months development management agreement.

FIVE G+5, AFFORDABLE HOUSING BUILDINGS, DUBAI, UNITED ARAB EMIRATES.

Two ongoing G+5 buildings, one in Meydan and one in Jumeirah Village Triangle with a combined total of 149 residential units, with three more buildings being commenced by the client within the next six months. For the two ongoing buildings we have assisted in the structuring of AED 35 million in financing, and the project is being executed under a 24-month development management agreement.

LUXURY VILLAS, LOCATED ON A MAN-MADE PENINSULA IN JUMEIRAH, DUBAI, UNITED ARAB EMIRATES.

Currently engaged with the master developer to design, assist in financial structuring, oversee construction and procure delivery of selected villas in a high-profile master development with 150 villas ranging in built-up-areas from 8,000 sqft to 25,000 sqft, with a five-year programme to complete.

What sets us apart from typical project management firms in the local market is our alignment with our clients’ real estate development objectives. At IPDC we are incentivised by delivering projects on time and maximizing our clients’ net profit. If you are a land owner or a real estate developer, do not hesitate to contact us to see what we could do for your project.

Isthmus Project Development Consultants

Unit 1406, Damac Smart Heights, Barsha Heights (TECOM),

P.O Box 283863, Dubai, UAE

Tel : +971 4 770 8079