Luce

1. Is it on schedule?48% built in July 2026, 7 months past its registered December 2025 handover · DLD project register, Jul 202648%Context
2. Is my money protected?Payments go to an escrow account at بنك أبوظبي الأول ش.م.ع., as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 4,071/sqft over 4 off-plan sales; too few sales to compare4,071Context
4. Is it selling?4 off-plan sales registered in the last 12 months, of 38 units; the latest on 30 Jan 20264Context
5. Who is building it?Taraf, licence no. 1549Context

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 أبوظبي الأول ش.م.ع.

Developer, as licensed

TARAF DEVELOPMENT L.L.C (no. 1549)

Master developer

Palm Jumeirah LLC

Registered start

July 2023

Configuration

Residential Building 2B+G+9 , 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 Luce be completed?

The developer registered handover for December 2025; that date has passed with no completion recorded, 7 months on, and the project was 48% 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 Luce cost per square foot?

AED 4,071 per sqft, the median of 4 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 11.15M.

Is Luce in escrow?

Yes: the Land Department register names بنك أبوظبي الأول 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 Luce?

TARAF DEVELOPMENT L.L.C, licence no. 1549, by the register’s own licence number; the master developer that owns the land is Palm Jumeirah LLC. Dubai Land Department project register as of July 2026.

How many units does Luce have?

38 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.