Based on Las Colinas Real Estate L.L.C. estimation, the total cost of building the school including the cost of land acquisition is AED 154 MM. The breakup of the cost is as follows:
- Cost of acquiring the land: AED 43 MM
- Area: Yas Island
- Plot size: 44,855 m2
- Maximum Allowable GFA (Gross Floor Area): 24,000
- Maximum No. of floors: G + 2
- Maximum building height: 14 m
- Cost of constructing the school: AED 111 MM
- Cost of constructing the school (AED 3,000 to AED 3,500) per square meter; Assumed AED 3,500 per square meter given the level of school we are hoping to build: AED 84 MM
- Cost of constructing the roads and landscaped area within the plot (AED 500 to AED 750) per square meter; Assumed AED 750 per square meter for an area of 36,000 m: AED 27 MM