Lunaya Terraces

Key facts

Status

not_started

Ownership

freehold

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

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

Location

Lunaya Terraces sits in Sheikh Zayed Road.

How Lunaya Terraces compares

Entry here is AED 2.2M, against a median of AED 2.2M across the 7 priced projects in Sheikh Zayed Road, which puts it above 3 of them and below 3. The plan opens at 25% down, against a Dubai median of 10%, so it asks 15% more up front than the typical plan. Zaya has 12 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.

What you pay, and when

The published payment plan is 25% on booking and 75% during construction. At the AED 2,181,069 entry price, that is AED 545,000 to reserve a unit, AED 1,636,000 across the build.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 87,000 at this entry price. That 25% booking payment does not go to Zaya 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 1,142 square feet at AED 2,181,069, which works out at AED 1,910 per square foot. Stated sizes run from 1,142 to 2,466 square feet.

Ownership and residency

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

Who it suits

The development is apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 2,181,069 and 3 bedroom units at AED 4,260,000, so one building covers a first rental purchase and a family home.

What is on site

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

Frequently asked