Developer profile · Cairo and Dubai

LMD: a Cairo developer’s first Dubai supertall, with a licensed Rockefeller name on the door

Twenty years of Egyptian masterplans and five thousand-odd Dubai apartments delivered — and now an 87-storey office tower on Sheikh Zayed Road, priced unit by unit on request.

Founded2007, as Landmark Sabbour
FootprintEgypt, UAE, Spain, Greece
In Dubai since2011
Known forW Cairo, One Ninety, Marina Living
Rockefeller officesPrice on request

About LMD

LMD began in Cairo in 2007 as Landmark Sabbour and still works in Egypt at a scale most Dubai buyers would recognise from its home market: STEI8HT in New Cairo, a low-density community of eight neighbourhoods on around 550 feddans, the mixed-use One Ninety at South 90th Street and the Ring Road, and coastal resorts on the North Coast. The portfolio runs across villas, hotel residences, offices, retail and clinics rather than a single product type, which is why the Dubai debut looks less like a residential developer arriving and more like a mixed-use company choosing a tower to introduce itself.

Its Dubai arm has been quieter than its Egyptian one. LMD has been active in the emirate since 2011 through Continental Investments LMD and LMD Ventures, and its delivery record is residential: Continental Tower and Marina Living in Dubai Marina — the latter 205 apartments, handed over in August 2026 — and the Rukan towers in Dubailand. It is currently building The Pier Residence in Dubai Maritime City, Taiyo Residences at Wasl Gate, and Boutique 23 and La Boutique in Al Jaddaf. Third-party tracking counts roughly 1,258 units delivered across five completed projects.

Christian A. Rockefeller Business Tower is a deliberate step up. It is LMD’s first office building, its first supertall, and at 87 floors and 372 metres it is roughly three times the height of anything the company has finished. That jump is the central fact for a buyer: the developer is not learning the Dubai market, but it is learning this product, and the two are not the same risk.

The name on the door is licensed rather than owned. Christian Aldrich Rockefeller is a sixth-generation member of the Rockefeller family, and the family’s real estate platform, SixRock Group, licensed the name for branded developments through Miami-based Brands Lab International in 2020; Iconique Living Group represents the brand, and the Sheikh Zayed Road tower is its first project in Dubai. LMD’s brochure ties the name to Rockefeller Center, Chase Manhattan and the World Trade Center, which is history rather than a promise. The licence terms — what standards the brand commits the developer to, and for how long — are not published.

Commercially, LMD follows the same pattern as most Dubai launch-stage developers: a factsheet and floor plans are published, prices are not. Offices at the Rockefeller tower are released unit by unit on request, and the listing portal carries no listing for the project at all, so there is no market-quoted starting price to benchmark against. What is published is detailed — 332 offices, five categories, five amenity floors, two 50/50 payment plans, an estimated service charge of AED 18 per square foot and a Q2 2031 handover — and the developer’s own disclaimer says all of it is indicative until it is written into a sale and purchase agreement.

For a buyer, that produces a clear division of labour. The building’s specification and amenity are unusually legible for a launch; the commercials are not, and the delivery record is short and thin on timing. Ask for the unit price per square foot, the contractor, the brand licence and the delay clause in the SPA, in that order. The address and the floors will look after themselves.

LMD projects

Ten projects, off-plan and completed, each with its own page and its own evidence — including where the numbers come from, and what is still unconfirmed.

Boutique 23

Boutique 23

Al Jaddaf Waterfront — studios and 1–2 bedrooms, broker-quoted
From AED 600,000 · Q2 2026 listed
La Boutique

La Boutique

Al Jaddaf Waterfront — studios to 3 bedrooms, 15 floors, broker-quoted
From AED 799,000 · Q4 2026
Taiyo Residences

Taiyo Residences

Wasl Gate — studios to 3 bedrooms, Japanese-influenced design
From AED 585,000 · Q1 2028
The Pier Residence

The Pier Residence

Dubai Maritime City — 1–3 bedrooms, 618 to 1,965 sq ft, 23 floors
From AED 1.4M · Q2 2027
Continental Tower

Continental Tower

Dubai Marina — 1–3 bedrooms and duplexes up to c. 3,150 sq ft
Completed · resale
Marina Living

Marina Living

Dubai Marina — 205 apartments, handed over 2026
Completed · resale
Boutique XII

Boutique XII

Al Jaddaf Waterfront — apartments, the first Boutique building
Completed · resale
Rukan

Rukan

Dubailand — apartments, lofts, townhouses and villas, AED 1.8bn project
Phases 1–2 complete · resale

Prices marked “from” are broker-quoted: LMD publishes no Dubai price list and the listing portal carries none of these projects. The completed buildings — Continental Tower, Marina Living, Boutique XII and Rukan — trade on resale, so ask for recent registered transfers rather than a brochure price.

What distinguishes LMD

A licensed name, not a hotel operator

The Rockefeller name is a brand licence, which is a weaker commitment than a Marriott or a W management agreement: there is no operator running the building, no loyalty programme and no published set of standards behind it. It can still support resale — a landmark name on a Sheikh Zayed Road tower is worth something — but ask what the licence actually obliges the developer to do, and for how long. Also keep it distinct from Rockefeller Group, the New York developer owned by Mitsubishi Estate.

First tower of its kind, at three times the height

LMD has completed residential buildings in Dubai Marina and Dubailand and is building four more projects. The Rockefeller tower is its first office building and its first supertall, and the delivery risk sits in that gap rather than in the company’s general competence. Independent tracking of its on-time record is based on a small sample and is not flattering; the contractor and consultant, who carry much of that risk, have not been named publicly.

Prices on request, and no portal coverage

There is no published price list and no listing for the tower on the portal. That removes the usual benchmark, so the only way to compare is to ask for a price per square foot by category and to hold it against asking rents in Business Bay, which have been running at roughly AED 150 to 250 per square foot a year depending on building and grade. Without both numbers there is no yield calculation, only a view.

Amenity as the differentiator

Five amenity floors — spa, ice room, sauna, padel, two infinity pools, gym, a level-87 sky lounge, ballroom and business club — is a hospitality product in an office building, and it is the clearest thing LMD brings from its Egyptian experience, where One Ninety includes the W Cairo hotel and W Residences Cairo. It is also a running cost: every one of those floors sits inside the service charge, estimated at AED 18 per square foot a year.

Commercial ownership changes the arithmetic

An office is not an apartment with desks in it. The price carries 5% VAT on top of the 4% Land Department fee, the unit is sold unfitted so the fit-out is a second capital cost, and the service charge is set through an owners’ association rather than by a single landlord. A buyer comparing the Rockefeller tower with a residential launch on price per square foot is comparing two different things.

A 50/50 plan on a five-year build

Half the price falls due at handover in Q2 2031, with 20% to 40% payable before then depending on which of the two plans applies. That is attractive for a company or investor holding capital, and difficult for anyone relying on a mortgage, because UAE lenders generally will not finance an off-plan commercial unit until it is registered and close to completion.

Buying an LMD property: what to check

The building is the easy part. The licence, the contractor and the price per square foot are what decide it.

The price per square foot by office category, and how many units of each remain.
The main contractor and consultant — neither has been named publicly.
The brand licence: the counterparty, the term and what standards it commits the developer to.
The SPA completion date, grace period and delay remedies for the Q2 2031 handover.
The escrow account (Commercial Bank of Dubai, in the name of LMD Ventures Buying and Selling of Real Estate LLC) and the DLD project number.
The 332 offices in the factsheet against 338 units on the register — what the difference is.
The fit-out cost per square foot, and whether a developer package is available.
Service charge governance: the owners’ association, the first budget and what the AED 18 estimate covers.
Assignment terms if you need to sell before handover.
Whether VAT is collected with instalments or upfront, and how it is shown in the SPA.

LMD frequently asked questions

Who is LMD?

LMD, formerly Landmark Sabbour, is a Cairo-founded developer that began operating in 2007 and builds residential, commercial, hospitality and coastal projects in Egypt. Its Dubai arm has been active since 2011 through Continental Investments LMD and LMD Ventures.

What has LMD built in Dubai?

Residential buildings: Continental Tower and Marina Living in Dubai Marina — Marina Living was handed over in August 2026 — and the Rukan towers in Dubailand. It is building The Pier Residence in Dubai Maritime City, Taiyo Residences at Wasl Gate, and Boutique 23 and La Boutique in Al Jaddaf. Third-party data counts about 1,258 units delivered across five projects.

What is LMD’s first Dubai office project?

Christian A. Rockefeller Business Tower on Sheikh Zayed Road: 87 floors, 372 metres, 332 Grade A offices and five amenity levels, with handover expected in Q2 2031. It is also the company’s first supertall.

Does LMD publish prices?

No. Offices at the Rockefeller tower are released unit by unit on request, and the portal carries no listing for the project. The factsheet, floor plans, payment plans and service charge estimate are published; the price list is not.

What is the Rockefeller connection?

Christian Aldrich Rockefeller, a sixth-generation member of the Rockefeller family, has licensed his name for branded developments through SixRock Group and Brands Lab International since 2020. Iconique Living Group represents the brand. It is unconnected to Rockefeller Group, the New York developer owned by Mitsubishi Estate.

Does LMD have branded residences elsewhere?

In Cairo, its One Ninety development includes the W Cairo hotel and W Residences Cairo, which are managed by Marriott International. That is a management agreement rather than a name licence, which is a stronger form of brand involvement than the Rockefeller arrangement in Dubai.

Is LMD a good developer to buy from?

It has a real delivery record in Dubai residential and a much larger one in Egypt, and its published specification for this tower is unusually detailed. The reservations are that this is its first office building and first supertall, that its on-time record on third-party tracking is mixed, and that it publishes no prices. We would want the unit price, the contractor and the brand licence terms in writing before advising a client to reserve.

Considering an LMD property?

Tell us which project and budget. We will send the current price list, the payment schedule as written in the sale and purchase agreement, the estimated service charge, the brand licence terms where one applies, and our honest read on the numbers.

Sources and verification. Company history and portfolio were checked against LMD’s own project site (landmarksabbour.com), the October 2026 factsheet and floor-plan brochure for Christian A. Rockefeller Business Tower, the launch announcement of October 2026, trade coverage in Dubai Week and Construction Business News Middle East, and Land Department register data as reported. Committed to publication: LMD publishes no price list for the Rockefeller tower, and the listing portal carries no listing for the project, so no starting price is quoted anywhere on this site; the tower’s height appears as 400 metres in the launch release and 372 metres in the developer’s own factsheet; the factsheet counts 332 offices against 338 units on the Land Department register; the Rockefeller name is licensed, and the licence terms are not published; the main contractor has not been named; and the developer’s own disclaimer states that all figures are indicative until written into a sale and purchase agreement. Marketing language about returns and appreciation is not repeated as fact. Nothing here is a valuation or a promise of return.