Lusin Residences by Ermax Development

1. Is it on schedule?35% built in May 2026, 1 months past its registered April 2026 handover; DLD has published no later inspection of it · DLD inspection, 20 May 202635%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,258/sqft over 4 off-plan sales; too few sales to compare1,258Context
4. Is it selling?4 off-plan sales registered in the last 12 months, of 55 units; the latest on 7 May 20264Context
5. Who is building it?Ermax, licence no. 1666Context

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

بنك الإمارات دبي الوطني (ش.م.ع)

Developer, as licensed

ERMAX DEVELOPMENT L.L.C (no. 1666)

Master developer

International City LLC

Registered start

October 2024

Configuration

G+P+7F+R

Construction progress is DLD’s inspection of 20 May 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 Lusin Residences by Ermax Development be completed?

The developer registered handover for April 2026; that date has passed with no completion recorded, 1 month on, and the project was 35% built as of May 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 20 May 2026.

What does Lusin Residences by Ermax Development cost per square foot?

AED 1,258 per sqft, the median of 4 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 433,723.

Is Lusin Residences by Ermax Development in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) 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 Lusin Residences by Ermax Development?

ERMAX DEVELOPMENT L.L.C, licence no. 1666, by the register’s own licence number; the master developer that owns the land is International City LLC. Dubai Land Department project register as of July 2026.

How many units does Lusin Residences by Ermax Development have?

55 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.