Developer: Swank Development · Lua Residences

Lua Residences

Lua Residences is a residential project by Swank Development in Lua Residences, Dubai, with prices from AED 6 300 000, planned handover Q1 2026, construction 64.4% complete per the DLD registry, 37 units, 40 DLD-registered sales since 2023.

Price fromAED 6 300 000Our calculation
Planned handoverQ1 2026Developer supplied
Construction64.4%DLD registry · checked 22.09.2026

Units for sale in Lua Residences

AED 6,600,000

Payment plan 50/50 50% before handover · 50% on handover

The purchase price is split into these stages.

115%Down payment
235%During construction
350%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

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A broker will compare this project with 3 similar ones: prices, handover dates and payment plans.

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Mortgage for this project

For UAE residents the down payment starts at 20% with terms up to 25 years. Indicative monthly payment for prices from 6 300 000 AED is 26 603 AED.

Calculate mortgage

Estimates only; not a bank approval.

Handover date & construction progress

64.42%
  • Construction started01.05.2024
  • Planned handover (developer)Q1 2026
  • Status date22.09.2026
  • Progress between DLD inspections+9.22% (16.06.2026 → 22.09.2026)
  • Escrow bankEmirates Islamic
  • Scale37 villas
  • DLD project number2974

Data from the Dubai Land Department project registry (updated 08.11.2026 05:55).

Inspection history 7
025507510011.03.202422.09.2026
Actual, per inspections

Pace: 2.23% per month. At this rate 100% falls on 21.01.2028.

The pace is calculated from the past year of inspections. It is an estimate, not a developer commitment. For reference: across 1,175 completed projects the median pace is 2.48% per month and the median build takes 40 months.

Construction progress 120
22.09.2026 64.42%
Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 1 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 2 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 3 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 4 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 5 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 6 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 7 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 8 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 9 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 10 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 11 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 12 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 13 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 14 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 15 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 16 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 17 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 18 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 19 of 20Lua Residences, Lua Residences construction progress — 22 September 2026, 64.42% complete, photo 20 of 20
16.06.2026 55.20%
Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 1 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 2 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 3 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 4 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 5 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 6 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 7 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 8 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 9 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 10 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 11 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 12 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 13 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 14 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 15 of 16Lua Residences, Lua Residences construction progress — 16 June 2026, 55.20% complete, photo 16 of 16

84 more photos in the DLD register

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
18.05.20265 B/R397.810 200 000
23.06.20254 BR328.96 300 000
18.04.20254 BR328.96 400 000
27.02.20255 B/R426.59 370 000
25.02.20254 BR247.06 300 000
25.02.20254 BR247.06 300 000
25.02.20254 BR247.06 300 000
25.02.20255 B/R449.19 500 000
04.02.20255 B/R403.010 000 000
22.01.20255 B/R380.49 100 000
14.01.20254 BR247.06 300 000
13.01.20254 BR247.06 300 000
13.01.20254 BR247.06 300 000
24.12.20244 BR247.06 300 000
23.12.20244 BR240.86 400 000
17.12.20245 B/R380.29 100 000
12.12.20244 BR247.06 300 000
29.11.20245 B/R377.69 100 000
27.11.20245 B/R397.89 600 000
27.11.20244 BR247.06 300 000
27.11.20245 B/R380.19 100 000
27.11.20244 BR247.06 300 000
22.11.20246 B/R780.113 563 000
22.11.20245 B/R381.49 230 000
19.11.20245 B/R426.59 600 000
04.11.20244 BR247.06 300 000
31.10.20245 B/R426.54 940 000
30.10.20244 BR247.06 300 000
30.10.20245 B/R559.99 000 000
23.10.20245 B/R397.88 920 000
23.10.20245 B/R397.88 920 000
30.09.20245 B/R397.84 940 000
20.09.20246 B/R752.412 958 394
19.09.20245 B/R397.88 920 000
05.09.20246 B/R698.712 770 000
04.09.20245 B/R397.88 920 000
30.08.20246 B/R525.212 779 500
30.08.20245 B/R397.89 270 000
28.08.20245 B/R397.88 920 000
16.08.202320 447.565 000 000
30.05.202320 447.551 437 000

Dubai Land Department transaction registry, updated 06.11.2026. Explore Dubai property transactions →

Registered transactions in Lua Residences

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

40deals since 2023
23 942AED per m², median
3%resale, the rest bought from the developer

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
4 bedrooms2476 300 00025 50615
5 bedrooms3989 100 00022 86420

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

Estimate a unit in this building from DLD sales

Based on 40 registered DLD sales in Lua Residences between 16 Aug 2023 and 18 May 2026: median 23 937 AED/m² (2 224 AED/sq ft); half of the deals fell between 21 765 and 25 506 AED/m². This is transaction statistics, not a valuation of a specific unit: floor, view, finish and condition move the price.

TypeIndicative priceDealsMedian AED/m²Median area, m²
4 BRAED 6 300 0001525 506247
5 BRAED 8 937 0002022 466397.8
6 BRAED 12 938 000417 831725.6
Get an exact valuation

Source: Dubai Land Department open data, the latest up to 50 sales in the building; areas as registered; refreshed daily. Deals outside 3,000–200,000 AED/m² are excluded.

PDF shortlist · updated 27 October 2026

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27 more in the PDF: prices, handover dates, payment plans

The PDF opens instantly. Refreshed monthly from DLD data.

Your broker for this project

Olesia Kotova

Olesia Kotova

Broker · Continental Club Property · RERA ORN 31933

Answers questions about Lua Residences: current availability, payment plan, DLD registration. English and Russian.

How much is your property in Lua Residences worth?

DLD has recorded 40 sales in this building since 2023, 1 of them resales. We compare your unit with sales of the same layout here, not with asking prices. Free, reply within 24 hours.

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Lua Residences

About the project

Lua Residences is an active 37-villa community in Parcel E of District 11, Mohammed Bin Rashid City, within Wadi Al Safa 3. Swank Real Estate Development is developing the project, which combines twin and detached villas with Portuguese-inspired architecture, landscaped open space and a crystal lagoon. Construction began on 1 May 2024, and the project was 64.42% complete on 22 September 2026.

A 37-villa community in District 11

Lua Residences is planned as a G+2 master-plan community comprising 37 villas. It occupies Parcel E within the District 11 masterplan in Mohammed Bin Rashid City, Wadi Al Safa 3. The layout is low density and incorporates landscaped areas, open lawns, planted corridors and pedestrian routes. Architectural and planning guidelines for District 11 were prepared by Meydan, shaping the development’s approach to the built environment and green space. The project’s structures are designed with concrete and block construction, with internal and external finishes. Lua Residences is an active project with a planned completion date of 31 March 2026.

Portuguese-inspired villa design

The homes at Lua Residences use Portuguese-inspired façades and materials. The development combines twin villas with detached villas, arranged within a landscaped setting that includes lawns around homes and pedestrian corridors. The architectural language is paired with outdoor communal features, including a central crystal lagoon. The masterplan places landscaped space alongside dedicated routes for walking, cycling and running. The villa collection includes three-, four- and five-bedroom homes, providing a range of family-sized layouts within the 37-villa community. The project forms part of the wider District 11 masterplan in Mohammed Bin Rashid City.

Villa types and published sizes

Lua Residences includes twin villas and detached three-, four- and five-bedroom villas. Twin villas have an average area of 3,330 sq ft. Four-bedroom villas range from 4,424 to 4,660 sq ft. Five-bedroom villas range from 5,650 to 8,094 sq ft. These villa types sit within the project’s landscaped masterplan, where lawns, planted corridors and open areas are integrated with the residential layout. The community contains 37 villas in total. The range from twin villas through to five-bedroom detached homes gives buyers several published size brackets within the same District 11 address.

Lagoon, landscaping and outdoor routes

A central crystal lagoon is a principal shared feature of Lua Residences. The community plan also includes landscaped open space, open lawns, planted corridors and pedestrian routes. Dedicated cycling and running tracks form part of the outdoor amenities. Landscaping extends around the homes, while pedestrian corridors link areas of the community. These features are incorporated into the low-density villa layout on Parcel E of District 11. The project’s outdoor plan combines the lagoon and active routes with the Portuguese-inspired residential architecture. Lua Residences is located within Mohammed Bin Rashid City in the Wadi Al Safa 3 area.

Location and nearby destinations

Lua Residences is located on Parcel E in District 11 of Mohammed Bin Rashid City, in Wadi Al Safa 3. Lycée Libanais Francophone Privé – Meydan is 0.8 km from the development, while Kent College Dubai is 1.5 km away. The Dubai Mall is 9.8 km away and Downtown Dubai and Burj Khalifa are 10.2 km away. Business Bay is 10.1 km from Lua Residences, and DIFC is 10.9 km away. Dubai International Airport is 13.5 km away. Mall of the Emirates is 14.8 km away, Palm Jumeirah is 21 km away and Dubai Marina is 21.6 km away.

Construction progress and developer

Swank Real Estate Development is the developer of Lua Residences. The project was launched as the company’s first project in Dubai. Construction started on 1 May 2024. As of the inspection dated 22 September 2026, Lua Residences had reached 64.42% completion and remained active. The planned project completion date is 31 March 2026. The development has a total of 37 villas and is being delivered as a G+2 master-plan community. Its setting in District 11 combines twin and detached villa formats with landscaped outdoor features, including the crystal lagoon, lawns, planted corridors, and cycling and running tracks.

Frequent questions

Who is the developer of Lua Residences?
Lua Residences is developed by Swank Real Estate Development. It was launched as the company’s first project in Dubai.
Where is Lua Residences located?
Lua Residences is on Parcel E within District 11 of Mohammed Bin Rashid City, in Wadi Al Safa 3.
What types of homes are available at Lua Residences?
The community includes twin villas and detached three-, four- and five-bedroom villas. There are 37 villas in total.
What are the villa sizes at Lua Residences?
Twin villas average 3,330 sq ft. Four-bedroom villas range from 4,424 to 4,660 sq ft, and five-bedroom villas range from 5,650 to 8,094 sq ft.
What amenities are planned at Lua Residences?
The community includes a crystal lagoon, landscaped open space, lawns, planted corridors, pedestrian routes, and dedicated cycling and running tracks.
What is the construction status of Lua Residences?
Lua Residences is active and was 64.42% complete on 22 September 2026. Construction began on 1 May 2024.
When is Lua Residences scheduled for completion?
The planned project completion date is 31 March 2026.
What is near Lua Residences?
Lycée Libanais Francophone Privé – Meydan is 0.8 km away and Kent College Dubai is 1.5 km away. The Dubai Mall is 9.8 km away, while Downtown Dubai and Burj Khalifa are 10.2 km away.
How can I buy an apartment in Lua Residences?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

Every figure carries its origin: “DLD registry” is taken from the Dubai Land Department register, “Developer supplied” is stated by the developer, “Our calculation” is computed by us from the first two. Developer prices change without notice — confirm before you commit. Methodology

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How to cite:Lua Residences — Continental Club Property, from Dubai Land Department registry and developer data, 2026-10-01, https://continentalclub.ae/project/lua-residences-lua-residences/

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