Lua Residences

Key facts

Handover (past)

Q1 2026

Status

Ready

Construction progress

43%

Ownership

freehold

Property types

villa

Availability

Sold out

How Lua Residences compares

Entry here is AED 7.3M, against a median of AED 1.1M across the 68 priced projects in District 11, which puts it above 54 of them and below 13. The plan opens at 15% down, against a Dubai median of 10%, so it asks 5% more up front than the typical plan. Handover lands in Q1 2026, alongside 82 other projects completing in the same quarter. Swank Developments has 3 projects in our catalogue.

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

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

Location

Lua Residences sits in Mohammed Bin Rashid City.

Master plan

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

What you pay, and when

At launch, payments were staged 15% on booking, 35% during construction and 50% 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 282,000 at this resale price. Under Dubai's Law 8 of 2007, that 15% booking payment goes into a RERA-supervised escrow account rather than to Swank Developments directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 3,437 square feet at AED 6,300,000, which works out at AED 1,833 per square foot. Stated sizes run from 3,437 to 7,259 square feet.

Handover and construction

Handover at Lua Residences was recorded for Q1 2026. Construction was last recorded at 43% complete.

Ownership and residency

Lua Residences is freehold, which lets a buyer of any nationality own a unit outright and hold the title deed. The cheapest resale listed clears the AED 2,000,000 property threshold for the 10 year UAE golden visa, so a resale at that price qualifies on its own.

Who it suits

The development is villas in 4 to 6 bedroom layouts. Every layout is 4 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

Shared facilities recorded for Lua Residences are the block most Dubai developments carry: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 4 floor plans are published for it.

Frequently asked