What is the rental yield in Luce?

No gross yield is published for Luce as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 3 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 4.5% gross.

How much does a 3 bedroom in Luce cost?

The median registered sale price is AED 11.00M (3,971 AED/sqft), from 3 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.

How many apartments change hands in Luce?

3 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.

Which metro station is closest to Luce?

Al Sufouh, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Mall of the Emirates.

Luce

Under construction · 48% built · handover Q4 2025, overdue
12 floors
3 lifts
122 parking bays
1 pool
Master developer Taraf

A 3 bed in Luce costs a median AED 11.00M.

Satellite view of Luce, Palm Jumeirah, Dubai, centred on its registered pin. Apple Maps. — Satellite view of the registered pin · Apple Maps

Satellite view of the Palm Jumeirah district around Luce, with roads and landmarks named. Apple Maps.

Street map around Luce, Palm Jumeirah, centred on its registered pin. Apple Maps.

3 bed · typical price

11.00MAED

AED 3,971/sqft

vs Palm Jumeirah: 18% above the median

Cost to buy, all inAED 11.68M

Price: AED 11.00M
DLD fee 4%: AED 440,000
Agent 2% + VAT: AED 231,000
Trustee: AED 4,200

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Is Luce a good investment?Fair on every measure with a record; no record of the yield and the rent trend

Does it pay a good rent?No Ejari lease registered here in 12 months, so any yield quoted is an estimateNo record
Is it easy to let?None of the 38 units signed an annual lease in 12 months: owner-occupied, holiday homes or a hotel pool0%
Are rents going up?No lease registered in 12 months, so no rent trend to readNo record
How fast do fees pay back?AED 675,200 in fees to buy a 3 bed: DLD 4%, agent 2% plus VAT, trusteeAED 675,200
Can I sell easily?4 sales in 12 months, 11% of the tower (3 the year before)4Fair
Is a lot being built nearby?1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today. A further 125 are past their planned date. Palm Jumeirah supply by year →44%Fair
Did earlier buyers gain?Launch buyers still 0% down, before fees-0.3%Context

Readings use published thresholds · 3 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Luce prices and rents by unit typeA three-bed costs about AED 11.00M

Type	Median price	Gross yield	New rent	12-month change	Sales
3 bed21 units · 2,514 sqft	AED 11.00M3,971/sqft		not yet let	not yet let	under 5 sales in a year	3
4+ bed10 units · 3,654 sqft	AED 17.80M4,295/sqft		not yet let	not yet let	under 5 sales in a year	1

Appreciation, rental income and short-term detail, by unit type

Appreciation

3 bed · price per sqft · Palm Jumeirah · area median AED 3,352/sqft

vs area median: +18.5%
Rank by price per sqft: 15th of 32

Read with care

No rental contracts are registered here yet, so there is no yield and the prices are launch pricing — a pre-handover building. Price growth from launch is not comparable with a let building's.
Thin sample — 3 sales in 12 months. Treat these figures as indicative.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid, 3 bed, as a rolling 3-month median. The band along the bottom is the number of records each month.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 4,071 · before fees

Launch, 2023–26: 4,086; 0%; 37 sales
3 years ago: 4,081; 0%; 35 sales
Previous 12 months: 4,105; −1%; 3 sales
Last 12 months: 4,071; today; 4 sales

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

No resales match the last 12 months. Try another transaction type, bedroom type or period.

Comparables in Palm Jumeirah

Every Palm Jumeirah building with a page, ranked by price per sqft over the same 12 months, all unit types. Luce places 20th of 93; the nearest 8 are shown.

Rank	Building	Median price	Gross yield	12-month change	Sales
16	Serenia Living - Tower 2Completed 2026 · off-plan 3,186/sqft	AED 13.40M	4,554+11.9%	4.5%	+10.5%	16
17	Serenia Living - Tower 1Completed 2026 · off-plan 3,250/sqft	AED 8.50M	4,541+11.5%	7.1%	+4.7%	25
18	The Palm TowerCompleted 2021 · off-plan 3,106/sqft	AED 2.58M	4,343+6.7%	5.4%	+3.7%	32
19	Ellington Beach HouseCompleted 2024 · off-plan 4,645/sqft	AED 4.87M	4,248+4.3%	4.5%	-17.1%	9
20	Luce · this building48% · Q4 2025 · off-plan 4,087/sqft	AED 11.15M	4,071	—	—	4
21	Olaia Residences1% · Q4 2027 · off-plan 4,035/sqft	AED 6.62M	4,045-0.7%	2.6%	+0.3%	10
22	Serenia Living - Tower 3Completed 2026 · off-plan 3,846/sqft	AED 27.25M	4,006-1.6%	2.2%	—	3
23	Muraba Residences Palm JumeirahCompleted 2016 · off-plan 3,009/sqft	AED 8.00M	4,004-1.7%	4.6%	+0.9%	7
24	The 8Completed 2019 · off-plan 2,291/sqft	AED 5.10M	3,955-2.9%	3.8%	+3.1%	23

Rank 1 is the dearest per square foot. Differences are against Luce (AED 4,071/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 3 bed, Luce has registered sale prices 18% above the Palm Jumeirah median price per square foot of 3,352 AED, across 32 eligible buildings. It ranks 15th of 32 by price per square foot in Palm Jumeirah.

Market context in Palm Jumeirah

Registered sales activity

748 ready apartment sales in the 12 months to 2026-10-12.

+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.

Explore sales activity

Planned apartment projects

1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.

3 projects had already passed their planned date; 2 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.

Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.

New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.

How these are counted

Find service-charge budget evidence for Luce

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

About Luce

Luce is an under-construction (48% built) apartment building by Taraf in Palm Jumeirah. 45 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

The building, as registered

Floors: 12
Lifts: 3
Parking bays: 122
Pools: 1
Master developer: Taraf

Drive times · typical

Downtown: 31 min · 29 km
DXB Airport: 35 min · 42 km
DIFC: 27 min · 32 km
Dubai Marina: 20 min · 15 km
Palm Jumeirah: 13 min · 5.5 km

Nearest, as registered

Metro: Al Sufouh
Mall: Mall of the Emirates
Landmark: Burj Al Arab

Luce: AED 4,071 per sq ft, 44% above the median Palm Jumeirah building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

LuceAED 4,071
Palm Jumeirah, readyAED 2,663
Palm Jumeirah, off-planAED 5,539
Dubai, readyAED 1,421

Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Upcoming supply in Palm Jumeirah, by handover quarter

Nearby in Palm Jumeirah

Every building in Palm Jumeirah →

Prices per sq ft around Luce, on the map

Pills show median sale price, AED. 81 buildings pinned from Google place records and Apple geocoding · Luce is the inverted pinOpen in Apple Maps

Seven Hotel & Apartments the Palm - A

Palm Jumeirah · 51 sales, 12 months

1.70M

AED, resale median · 3,456/sqft

The Palm Tower

Palm Jumeirah · 32 sales, 12 months

2.58M

AED, resale median · 4,343/sqft

Royal Amwaj Residences North

Palm Jumeirah · 26 sales, 12 months

2.58M

AED, resale median · 2,375/sqft

Serenia Living - Tower 1

Palm Jumeirah · 25 sales, 12 months

8.50M

AED, resale median · 4,541/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Sales and rents to
2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
On record
Sales evidence · 3 bed
3 registered sales in 12 months; thin, a single deal moves the median
Read with care
Rental evidence · 3 bed
No Ejari contract registered: not yet let
Read with care
Service charge
Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
Not on record
Project register
Luce: not recorded complete, 48.08% built, planned 2025-12-31 · register data to 2026-07-06
Read with care
Developer
Taraf · delivery record
On record
Building record
DLD building record · data to 2026-10-13
On record
Costs not included
4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
Not in the yield

Rent or buy

What owning a 3 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Luce’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of 2026-09-17. Change any figure.

Purchase price, AED

Annual rent, AED

Down payment, %

Residency

More assumptions

Interest rate, % a year

Term, years

Horizon, years

Annual service charge, AED

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage: —; 4.5% over 25 years
Monthly rent: —
Cash needed at purchase: —

Enter a price, a rent, a rate, a term and a horizon to model the comparison.

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Common questions

What is the rental yield in Luce?: No gross yield is published for Luce as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 3 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 4.5% gross.
How much does a 3 bedroom in Luce cost?: The median registered sale price is AED 11.00M (3,971 AED/sqft), from 3 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
How many apartments change hands in Luce?: 3 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.
Which metro station is closest to Luce?: Al Sufouh, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Mall of the Emirates.

For agents

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