Lumea Residence

Key facts

Handover

Q1 2028

Status

Under construction

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Lumea Residence sits in Dubai Islands.

How Lumea Residence compares

Entry here is AED 1.6M, against a median of AED 2.1M across the 143 priced projects in Dubai Islands, which puts it above 8 of them and below 134. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q1 2028, alongside 128 other projects completing in the same quarter. Green Horizon Development has 3 projects in our catalogue, 3 of them in Dubai Islands.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 10% on booking, 25% during construction and 65% at handover. At the AED 1,589,000 entry price, that is AED 159,000 to reserve a unit, AED 397,000 across the build, and AED 1,033,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 64,000 at this entry price. That 10% booking payment does not go to Green Horizon Development directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 743 square feet at AED 1,589,000, which works out at AED 2,139 per square foot. Stated sizes run from 743 to 1,851 square feet.

Ownership and residency

The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 2,264,000 and clear it on their own.

Who it suits

The development is apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 1,589,000 and 3 bedroom units at AED 3,500,000, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Lumea Residence are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area.

Frequently asked