New homes in Lua Residences start at AED 6,300,000; the keys were due Jun 2026; you pay 15% to book, 35% while it is built and 50% at the keys.
Keys
Jun 2026
The developer's handover date. It has passed and may be out of date, so ask us for the current one.
Payment plan
15 / 35 / 50
15% to book, 35% while it is built, 50% at the keys
Bedrooms
4 to 6 beds
Sizes
3,336 to 7,259 sq ft
Ownership
Freehold
Property types
Villa
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 1,888 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 15% when you book, 35% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
15%
AED 945,000
As it is built
While it is built
35%
AED 2,205,000
At the keys (Jun 2026)
Keys
50%
AED 3,150,000
Booking payment, 15%
AED 945,000
Dubai Land Department fee (Oqood), 4%
AED 252,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,197,000
The handover date (Jun 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
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 (3,336 sq ft) that is about AED 57,000 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.
Rent and yield
Gross yield at the from price
12.7%
Median rent of 4-bed villas in Mohammed Bin Rashid City
AED 800,000 a year
Rent contracts counted
105
Rented between
Apr 1, 2025 and Mar 31, 2026
4-bed villa
AED 800,000 a year
5-bed villa
AED 1,320,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 800,000 ÷ AED 6,300,000 = 12.7%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Kent College1.5 km, 8 min driveSchool
GEMS Wellington Academy4.5 km, 15 min driveIB school
Indian International School3.5 km, 14 min driveIndian school
Swank Development lists Lua Residences, 42 villas with four to six bedrooms in District 11 of Mohammed Bin Rashid City, from AED 6,300,000. The listed handover of June 2026 has passed, so the date may be out of date; ask about the completion certificate before you pay.
Handover is listed for June 2026, five months ago. That date may be out of date, so ask the developer for the completion certificate and the current handover status.
The plan is 15 / 35 / 50. At the from price, that is AED 945,000 on booking, AED 2,205,000 during construction and AED 3,150,000 on handover. The 4% Land Department fee is 4% of the price, which adds AED 252,000. Ask how much of the construction share is still open, given the handover date.
The 42 villas have four, five or six bedrooms, from 3,336 to 7,259 sq ft. The developer names four layouts: Capella with four bedrooms, Ara and Luna with five, and Polarised with six. It lists private pools, lifts and landscaped gardens for the Capella villas and smart home systems for the six-bedroom villas. The design is described as Portuguese in style, with marble and timber inside. Shared facilities include a pool, a children's pool, a gym and a play area. Ownership is freehold.
An American Hospital clinic is about 740 m away, a 12-minute walk. Kent College is about 1.5 km away, a 24-minute walk, and GEMS Wellington Academy about 4.5 km. Business Bay is about 23 minutes by car, and Creek Metro Station is about 9.5 km away, a 22-minute drive.
