Luxury Family Residence III

1. Is it on schedule?40% built in July 2026, 13 months past its registered June 2025 handover · DLD project register, Jul 202640%Context
2. Is my money protected?Payments go to an escrow account at المصرف العربي للاستثمار والتجارة الخارجية المصرف (مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 3,868/sqft over 4 off-plan sales; too few sales to compare3,868Context
4. Is it selling?4 off-plan sales registered in the last 12 months, of 70 units; the latest on 23 Mar 20264Context
5. Who is building it?The register names the master developer, Business Bay LLC; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

المصرف العربي للاستثمار والتجارة الخارجية المصرف (مساهمة عامة)

Master developer

Business Bay LLC

Registered start

June 2022

Configuration

Residential-Apartment + Commercial-Retail (1B+G+3P+18F+R).The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Luxury Family Residence III be completed?

The developer registered handover for June 2025; that date has passed with no completion recorded, 13 months on, and the project was 40% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Luxury Family Residence III cost per square foot?

AED 3,868 per sqft, the median of 4 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 5.64M.

Is Luxury Family Residence III in escrow?

Yes: the Land Department register names المصرف العربي للاستثمار والتجارة الخارجية المصرف (مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Luxury Family Residence III?

The register names the master developer, Business Bay LLC, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Luxury Family Residence III have?

70 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.