03 / MARKET INTELLIGENCE

Clarity in complex markets

Data, context and conclusions designed for investment decisions.

UNDERWRITING SNAPSHOT

Equity return scenario

5Y HOLD
Target IRR12.6%base case
EQUITY MULTIPLE1.82×over 5 years
DSCR1.47×model minimum
Equity returnIC hurdle rate
Equity return scenarioIllustrative base-case underwriting scenario; not investment advice.15%6%-3%T0Y2Y4T5
PIREIA INVESTMENT INTELLIGENCEIllustrative base-case underwriting scenario; not investment advice.

04 / COUNTRIES & MARKETS

Country research

Choose a country to explore available quarterly research.

All markets and countries · 3 of 3 materials
🇦🇪United Arab Emirates
01 / RESIDENTIAL

Dubai Residential Market: H2 2026

Demand, supply and comparative returns.

Member access
02 / CAPITAL FLOWS

Central Asian Capital: New Corridors

Cross-border capital routes, investor profiles and transaction structures.

Member access
🇺🇸United States
03 / COMMERCIAL REAL ESTATE

U.S. CRE: Returns and Leverage

Cap rates, leverage and downside scenarios across U.S. commercial real estate.

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