SurfBase Dubai – indoor surf & wellness destination at Cityland Mall, Round 4 open
Other · Dubai
Deal parameters
- Minimum ticket
- ≈ 100,000 USD
- Format
- Equity round
- Location
- Dubai
- Sector
- Other
Description* (owner's estimate, not verified by OKKO Capital)
OVERVIEW SurfBase Dubai is an indoor surf, wellness and lifestyle destination currently under construction at Cityland Mall, Dubai. It combines programmable rapid-wave surf pools, thermal wellness, F&B, coaching, memberships and events into a year-round indoor leisure infrastructure asset. WHY THIS ASSET - 10-year tenancy executed at Cityland Mall. - Rounds 1–3 fully subscribed; Round 4 now open. - Multi-revenue model: surf, wellness, F&B, memberships, coaching and events. - Construction underway. INVESTMENT CASE - Dubai combines tourism scale, affluent residents and strong year-round demand for indoor leisure. - No reliable natural surf infrastructure at scale creates a clear market gap. - The indoor format supports repeat usage and weather-independent trading. - The current round offers construction-stage entry before opening and ramp-up, with potential post-construction revaluation. MANAGEMENT FORECAST (not guaranteed) - Year 1 revenue: USD 16M - Year 3 revenue: USD 31M - Year 10 revenue: USD 56M - Year 10 EBITDA: USD 30M - EBITDA margin at maturity: ~53% - Revenue mix (Year 3): surfing 49%, thermal wellness 37%, F&B 14% - Projected IRR: 40%+ p.a. ROUND 4 - Minimum ticket: USD 100,000 (~AED 367,250) - Indicative ticket ranges: USD 100k / 250k / 500k+ - Allocation is subject to investor qualification, completed documentation and cleared funds. INVESTOR PROCESS 1. Initial introduction 2. Private site visit at Cityland Mall (or Zoom for international investors) – review of the location and construction progress, planned surf, wellness, F&B and support zones, phasing, milestones and use of funds, the business model, Round 4 structure, financial assumptions and legal framework 3. NDA 4. Financial model and legal package 5. Founder / CFO deep-dive 6. Subscription and allocation Images are design visualisations of the planned venue. Forecasts are prepared by management and are not guaranteed.
Figures provided by the owner and have not been independently verified by OKKO Capital. * Profit, growth and any return figures are the owner's own estimates. They are not guaranteed and have not been verified by OKKO Capital.
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