Lume Residences

1. Is it on schedule?0% built in July 2026 against a September 2027 handover: 100% left to build in 14 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at مصرف الشارقه الاسلامى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,649/sqft, 4.7% above the Jumeirah Village Circle off-plan median across 154 projects+4.7%Context
4. Is it selling?66 off-plan sales registered in the last 12 months, of 178 units; the latest on 23 Sept 202666Context
5. Who is building it?S And S, licence no. 1615Context

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

مصرف الشارقه الاسلامى

Developer, as licensed

S AND S REAL ESTATE DEVELOPMENT L.L.C (no. 1615)

Master developer

Jumeirah Village

Registered start

June 2025

Configuration

Retail And Residential Building (G+5P+14F+R)

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 Lume Residences be completed?

The developer registered handover for September 2027, 14 months after DLD’s latest record, and the project was 0% 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 Lume Residences cost per square foot?

AED 1,649 per sqft, the median of 66 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.00M. That is 4.7% above the Jumeirah Village Circle off-plan median across 154 projects.

Is Lume Residences in escrow?

Yes: the Land Department register names مصرف الشارقه الاسلامى 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 Lume Residences?

S AND S REAL ESTATE DEVELOPMENT L.L.C, licence no. 1615, by the register’s own licence number; the master developer that owns the land is Jumeirah Village. Dubai Land Department project register as of July 2026.

How many units does Lume Residences have?

178 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.