Lua Residences

1. Is it on schedule?64% built in September 2026, 6 months past its registered March 2026 handover · DLD inspection, 15 Sept 202664%Context
2. Is my money protected?Payments go to an escrow account at مصرف الامارات الاسلامي مساهمة عامة, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,382/sqft over 1 off-plan sale; too few sales to compare2,382Context
4. Is it selling?1 off-plan sale registered in the last 12 months, of 37 villas1Context
5. Who is building it?Swank, licence no. 1727Context

Escrow agent

مصرف الامارات الاسلامي مساهمة عامة

Developer, as licensed

SWANK REAL ESTATE DEVELOPMENT L.L.C (no. 1727)

Master developer

Meydan Group

Registered start

May 2024

Configuration

G+2 MASTER PLAN COMMUNITY OF 37 VILLAS.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 15 Sept 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 filed under this project number, 12 months to 12 Oct 2026.

When will Lua Residences be completed?

The developer registered handover for March 2026; that date has passed with no completion recorded, 6 months on, and the project was 64% built as of September 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 15 Sept 2026.

What does Lua Residences cost per square foot?

AED 2,382 per sqft, the median of 1 registered off-plan sale in the 12 months to 12 Oct 2026; the median unit sold for AED 10.20M.

Is Lua Residences in escrow?

Yes: the Land Department register names مصرف الامارات الاسلامي 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 Lua Residences?

SWANK REAL ESTATE DEVELOPMENT L.L.C, licence no. 1727, by the register’s own licence number; the master developer that owns the land is Meydan Group. Dubai Land Department project register as of July 2026.

How many villas does Lua Residences have?

37 registered villas. Dubai Land Department project register as of July 2026.