Lazord by Lapis

1. Is it on schedule?28% built in August 2026 against a December 2026 handover: 72% left to build in 4 months · DLD inspection, 27 Aug 202628%Context
2. Is my money protected?Payments go to an escrow account at بنك المشرق (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,451/sqft, 6.5% below the Majan off-plan median across 34 projects-6.5%Context
4. Is it selling?64 off-plan sales registered in the last 12 months, of 304 units; the latest on 12 Oct 202664Context
5. Who is building it?Lapis, licence no. 1927Context

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 المشرق (شركة مساهمة عامة)

Developer, as licensed

LAPIS PROPERTIES L.L.C (no. 1927)

Master developer

Liwan

Registered start

January 2025

Configuration

RESIDENTIAL & COMMERCIAL BUILDING (B+G+3P+8)

Construction progress is DLD’s inspection of 27 Aug 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 Lazord by Lapis be completed?

The developer registered handover for December 2026, 4 months after DLD’s latest record, and the project was 28% built as of August 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 27 Aug 2026.

What does Lazord by Lapis cost per square foot?

AED 1,451 per sqft, the median of 64 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 753,308. That is 6.5% below the Majan off-plan median across 34 projects.

Is Lazord by Lapis in escrow?

Yes: the Land Department register names بنك المشرق (شركة 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 Lazord by Lapis?

LAPIS PROPERTIES L.L.C, licence no. 1927, by the register’s own licence number; the master developer that owns the land is Liwan. Dubai Land Department project register as of July 2026.

How many units does Lazord by Lapis have?

304 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.