New homes in Karl Lagerfeld Villas start at AED 15,000,000; keys are due Dec 2027; you pay 10% to book, 50% while it is built and 40% at the keys.
Keys
Dec 2027
The developer's handover date
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
5 to 7 beds
Sizes
7,769 to 18,869 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 1,931 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
10%
AED 1,500,000
Feb 2027
While it is built
12.5%
AED 1,875,000
Apr 2027
While it is built
12.5%
AED 1,875,000
Jul 2027
While it is built
12.5%
AED 1,875,000
Sep 2027
While it is built
12.5%
AED 1,875,000
Dec 2027
Keys
40%
AED 6,000,000
Booking payment, 10%
AED 1,500,000
Dubai Land Department fee (Oqood), 4%
AED 600,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 2,100,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Buildings in this area paid a median of AED 17 per sq ft a year in 2023, from 16 buildings on the Dubai Land Department register. For the smallest home (7,769 sq ft) that is about AED 132,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
On your doorstep
Business Bay Metro Station3.8 km, 9 min driveMetro station
Business Bay creek front2.8 km, 11 min driveWaterfront
Dubai International School1.7 km, 3 min driveSchool
Hartland International School3.1 km, 13 min driveBritish school
JSS School4.4 km, 12 min driveIndian school
Al Faris Mall2.8 km, 6 min driveMall
Nexx Home Healthcare Services3.2 km, 6 min driveHospital
Karl Lagerfeld Villas in Mohammed Bin Rashid City is a branded project with Karl Lagerfeld, built by Taraf Properties DMCC: five- to seven-bedroom homes from AED 15,000,000, with handover listed for December 2027. The developer describes a set of 51 villas, and the top sizes in its description differ from the listing, so ask for the floor plans first.
At the from price, the 10 / 50 / 40 plan works out to AED 1,500,000 on booking, AED 7,500,000 during construction and AED 6,000,000 on handover. The 4% Land Department fee is 4% of the price and adds AED 600,000. The listed handover is December 2027, about 13 months from now.
The listing gives 7,769 to 18,869 sq ft for five to seven bedrooms. The developer's description gives 7,769 sq ft for five bedrooms, 11,345 sq ft for six and 13,000 sq ft for seven, against the listing's top figure of 18,869 sq ft. Ask for the floor plans and the exact size of the villa you are offered before you book. The developer's description also names the developer in a different form, so confirm the developer named on the sale agreement.
Inside, the developer lists a central catwalk entrance, a spiral staircase, a sunken lounge, a library lounge and a majlis room in each villa. Residents share a clubhouse called The Pavilion, with a gym, a fitness studio, pools for adults and children, entertainment spaces, landscaped areas and parks.
The Sultan Al Olama Medical Center is about 1.0 km away, around a 16-minute walk. Dubai International School is about 1.7 km away (about a 29-minute walk or 3 minutes by car), and Hartland International School about 3.1 km (13 minutes). Business Bay is about 9 minutes by car, and Business Bay Metro Station is about 3.8 km away, also about 9 minutes' drive.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
5 BR
6 BR
7 BR
How prices moved
Median price of off-plan apartments in Mohammed Bin Rashid City, over the 12 months to each dateUp 10% from Dec 2024 to Sep 2026.
Dec 2024AED 1,932 per sq ft
Sep 2026AED 2,122 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 2,122 per sq ft
634 sales
Jun 2026
AED 2,102 per sq ft
562 sales
Mar 2026
AED 2,076 per sq ft
543 sales
Dec 2025
AED 2,082 per sq ft
641 sales
Sep 2025
AED 2,181 per sq ft
1,179 sales
Jun 2025
AED 2,263 per sq ft
1,859 sales
Mar 2025
AED 1,987 per sq ft
3,798 sales
Dec 2024
AED 1,932 per sq ft
4,750 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
What do I pay before handover?
60% of the price: AED 1,500,000 on booking and AED 7,500,000 during construction at the from price. The last AED 6,000,000 is due on handover, and the 4% Land Department fee adds AED 600,000.
How big are the villas?
The listing says 7,769 to 18,869 sq ft, but the developer's description tops out at 13,000 sq ft for seven bedrooms. Ask for the floor plans and the exact size before you book.
When is handover?
The listed handover is December 2027, about 13 months away. Ask for a construction update before you pay.
What will residents share?
A clubhouse called The Pavilion with a gym, a fitness studio, pools for adults and for children, and entertainment spaces.
Are there schools close by?
Dubai International School is about 1.7 km away and Hartland International School about 3.1 km, between 3 and 13 minutes by car.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
