Iluka Residences

1. Is it on schedule?36% built in February 2026 against a August 2026 handover: 64% left to build in 6 months; DLD has published no later inspection of it · DLD inspection, 10 Feb 202636%Context
2. Is my money protected?Payments go to an escrow account at يونايتد بنك ليمتد (مكتب ادارة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,321/sqft, 15.8% below the Dubai Islands off-plan median across 112 projects-15.8%Context
4. Is it selling?12 off-plan sales registered in the last 12 months, of 57 units; the latest on 26 Aug 202612Context
5. Who is building it?MS Homes, licence no. 1206Context

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

يونايتد بنك ليمتد (مكتب ادارة)

Developer, as licensed

MS HOMES DEVELOPERS L.L.C (no. 1206)

Master developer

Nakheel

Registered start

May 2024

Configuration

Residential Building (G+2P+8)

Construction progress is DLD’s inspection of 10 Feb 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. 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 Iluka Residences be completed?

The developer registered handover for August 2026, 6 months after DLD’s latest record, and the project was 36% built as of February 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 10 Feb 2026.

What does Iluka Residences cost per square foot?

AED 2,321 per sqft, the median of 12 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.74M. That is 15.8% below the Dubai Islands off-plan median across 112 projects.

Is Iluka Residences in escrow?

Yes: the Land Department register names يونايتد بنك ليمتد (مكتب ادارة) 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 Iluka Residences?

MS HOMES DEVELOPERS L.L.C, licence no. 1206, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Iluka Residences have?

57 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.