Lua Residences in Mohammed Bin Rashid City, Dubai

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Swank Developments · Mohammed Bin Rashid City, Dubai

Starting price

AED 7,327,896

Enquire

Handover

January 2026

Status

active
DLD construction progress31%

About this project

Lua Residences is an off-plan residential development by Swank Developments in Mohammed Bin Rashid City, Dubai. Prices start from AED 7,327,896. The current unit mix includes 4-bedroom homes, 5-bedroom homes, 6-bedroom homes. Dubai Land Department data records construction progress at 31%. Expected handover is January 2026.

What buyers should know

Lua Residences is located in Mohammed Bin Rashid City, Dubai and is developed by Swank Developments. Prices start from AED 7,327,896. Dubai Land Department data records construction progress at 31%.

Location

Lua Residences is in Mohammed Bin Rashid City, Dubai. Browse the verified project facts, available home sizes, pricing and construction status before making an enquiry.

Amenities

Indoor Swimming PoolLandscaped GardensCCTV SecurityGymnasiumRestaurantsChildren's Play Area

Payment plan

  • 15/35/50

Project brochures

Developer material with specifications, amenities and payment-plan details.

The official record

Registered with the Dubai Land Department — construction progress, escrow and sales history are the government's figures, not the developer's.

Construction progress31%Under construction
Escrow agentEMIRATES ISLAMIC BANK P.J.S.C.Holds buyer payments until handover
Developer licenceCurrentValid to 19 Sept 2027
Expected completion31 Mar 2026
Registered sales
41
In the last 12 months
1
Median sold price
AED 8.92M
Median price per sqft
AED 2,223/sqft
Median size sold
4,282 sqft
First sale
30 May 2023
Latest sale
18 May 2026
Off-plan vs ready
39 / 2

What has sold here, by size

Every registered sale in Lua Residences, not a window — an individual project can trade rarely, and three sales over two years is better evidence than none.

SizeSalesMedian priceTypical rangePrice/sqftLatest
5 B/R209.10MAED 8.92MAED 9.40MAED 2,087/sqft18 May 2026
4 B/R156.30MAED 6.30MAED 6.30MAED 2,370/sqft23 Jun 2025
6 B/R412.87MAED 12.78MAED 13.11MAED 1,657/sqft22 Nov 2024
Unspecified258.22MAED 54.83MAED 61.61MAED 265/sqft16 Aug 2023

What was actually built

Buildings
1
Tallest
3 floors
Apartments
Parking bays
1
Lifts
Pools

Transactions at Lua Residences

39 sales recorded at this project in Dubai Land Department data, to Jul 2026.

View Dubai market trends
Median sale price
10.20M
Median price / sqft
AED 2,382/sqft 1.9% vs last year
Transactions
1

Median price / sqft by year

Recent transactions

DateTypeArea (sqft)PricePrice / sqftSale
May 18, 20265 B/R4,282AED 10,200,0002,382Off-plan
Jun 23, 20254 B/R3,541AED 6,300,0001,779Off-plan
Apr 18, 20254 B/R3,541AED 6,400,0001,808Off-plan
Feb 27, 20255 B/R4,591AED 9,370,0002,041Off-plan
Feb 25, 20254 B/R2,659AED 6,300,0002,370Off-plan
Feb 25, 20255 B/R4,834AED 9,500,0001,965Off-plan
Feb 25, 20254 B/R2,659AED 6,300,0002,370Off-plan
Feb 25, 20254 B/R2,659AED 6,300,0002,370Off-plan
Feb 4, 20255 B/R4,338AED 10,000,0002,305Off-plan
Jan 22, 20255 B/R4,095AED 9,100,0002,222Off-plan
Jan 14, 20254 B/R2,659AED 6,300,0002,370Off-plan
Jan 13, 20254 B/R2,659AED 6,300,0002,370Off-plan
Jan 13, 20254 B/R2,659AED 6,300,0002,370Off-plan
Dec 24, 20244 B/R2,659AED 6,300,0002,370Off-plan
Dec 23, 20244 B/R2,591AED 6,400,0002,470Off-plan
Dec 17, 20245 B/R4,093AED 9,100,0002,223Off-plan
Dec 12, 20244 B/R2,659AED 6,300,0002,370Off-plan
Nov 29, 20245 B/R4,064AED 9,100,0002,239Off-plan
Nov 27, 20245 B/R4,282AED 9,600,0002,242Off-plan
Nov 27, 20245 B/R4,091AED 9,100,0002,224Off-plan
Nov 27, 20244 B/R2,659AED 6,300,0002,370Off-plan
Nov 27, 20244 B/R2,659AED 6,300,0002,370Off-plan
Nov 22, 20245 B/R4,106AED 9,230,0002,248Off-plan
Nov 22, 20246 B/R8,397AED 13,563,0001,615Off-plan
Nov 19, 20245 B/R4,591AED 9,600,0002,091Off-plan
Nov 4, 20244 B/R2,659AED 6,300,0002,370Off-plan
Oct 31, 20245 B/R4,591AED 4,940,0001,076Off-plan
Oct 30, 20245 B/R6,026AED 9,000,0001,493Off-plan
Oct 30, 20244 B/R2,659AED 6,300,0002,370Off-plan
Oct 23, 20245 B/R4,282AED 8,920,0002,083Off-plan

Source: Dubai Land Department transaction records for this project. Figures are historical transacted prices — market context, not a valuation of any specific unit.