Model assumptions (everything recalculates live)
Fixed contract values: Plot A AED 22.0m (paid, cash) · Plot B AED 22.0m (30% paid cash; 70% = AED 15.4m due 20 Dec 2026, loan) · connector plot AED 569,000 (paid, loan) · Yodezeen AED 2,055,300 net + AED 102,765 VAT per Agreement No. 4422 (13 Feb 2026) with its stage payment schedule · Ken pre-contract AED 1,400,000 net across 16 milestone payments + AED 59,700/mo supervision per proposal AJI-VI-010/011.KEN-NAS.26.006 Rev 06 (22 Jun 2026). Specialist consultants default (AED 800k) is the midpoint of Ken's Section E indicative ranges (lighting, kitchen, AV/home automation, landscape consultant, ground investigation, ESTIDAMA). ADCB mortgage per approval letter RAC0921658 (18 Mar 2026): AED 36.5m, land + construction, 288-month tenor, EMI 194,369 at 3.85% fixed for 3 years then 3M EIBOR + 175 bps; pre-EMI interest applies on disbursed amounts up to 24 months from first tranche; life insurance 0.0184%/mo of loan and property insurance 0.042%/yr of property value are payable but not modeled.