The Lana

Key facts

Handover (past)

Q4 2023

Status

Ready

Ownership

freehold

Property types

apartment, duplex, penthouse

Availability

Sold out

How The Lana compares

Entry here is AED 85M, against a median of AED 2.0M across the 75 priced projects in Business Bay, the highest entry price in the community. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q4 2023, alongside 46 other projects completing in the same quarter. Omniyat Group has 13 projects in our catalogue, 4 of them in Business Bay.

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.

Payment plan

Available units

Amenities

• Landscaped Gardens
• Gymnasium
• Children Nursery
• Yoga room
• Shared Spa
• Security
• Shared Pool

Location

The Lana sits in Business Bay.

Master plan

The developer’s own site plan for The Lana, showing how the buildings, roads and open space sit together.

What you pay, and when

At launch, payments were staged 10% on booking, 56% during construction and 34% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 3,400,000 at this entry price. The 10% booking payment sits in a RERA-supervised escrow account rather than with Omniyat Group, held under Dubai's Law 8 of 2007 and drawn down against certified construction progress.

What the entry price works out at

Stated sizes run from 3,900 to 17,700 square feet.

Handover and construction

Handover at The Lana was recorded for Q4 2023.

Ownership and residency

The Lana is sold freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The 10 year UAE golden visa has a property threshold of AED 2,000,000, and the entry price is at or above it, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 3,900 square foot entry unit that is about AED 55,000 to AED 86,000 a year.

Who it suits

The development is apartments, duplexes and penthouses in 2 to 5 bedroom layouts. Every layout is 2 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Among the shared facilities recorded for The Lana are children nursery, yoga room and shared spa, alongside the landscaped gardens, gymnasium, security and shared pool that most Dubai developments carry.

Frequently asked