Luxury Family Residence Iii is a residential project by Kappa Acca Real Estate Development in Business Bay, Dubai, with handover 30.06.2025, construction 50.6% complete per the DLD registry.
Construction progress
- Handover30.06.2025
- Status date07.05.2026
- DLD project number2477
Data from the Dubai Land Department project registry (updated 07.08.2026 09:55).
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 16.01.2026 | 1 BR | 132.8 | 5 600 000 |
| 30.12.2025 | 1 BR | 131.2 | 4 650 000 |
| 01.12.2025 | 1 BR | 138.1 | 5 676 000 |
| 10.03.2025 | 6 B/R | 1 188.0 | 60 230 400 |
| 13.11.2024 | 3 BR | 278.9 | 12 200 000 |
| 12.09.2024 | 6 B/R | 1 176.1 | 58 000 000 |
| 19.08.2024 | 4 BR | 519.5 | 27 200 000 |
| 14.08.2024 | 2 BR | 199.4 | 9 050 000 |
| 13.06.2024 | 4 BR | 590.2 | 15 000 000 |
| 13.06.2024 | 4 BR | 530.1 | 15 000 000 |
| 21.05.2024 | 4 BR | 519.4 | 24 585 300 |
| 06.05.2024 | 6 B/R | 1 177.7 | 54 000 000 |
| 29.02.2024 | 3 BR | 291.9 | 18 000 000 |
| 29.02.2024 | 3 BR | 296.3 | 14 907 913 |
| 29.02.2024 | 2 BR | 231.0 | 9 700 000 |
| 29.02.2024 | 3 BR | 286.3 | 11 500 000 |
| 23.02.2024 | 1 BR | 129.8 | 4 550 000 |
| 21.02.2024 | 2 BR | 298.7 | 11 100 000 |
| 21.02.2024 | 2 BR | 232.8 | 12 900 000 |
| 13.02.2024 | 2 BR | 232.2 | 8 500 000 |
Dubai Land Department transaction registry, updated 2026-08-06. Explore Dubai property transactions →
About the project
Luxury Family Residence III is a single-building residential apartment and commercial retail development in Business Bay. Kappa Acca Real Estate Development is building the 72-unit project, which was active and 50.60% complete at its inspection on 7 May 2026. The building is configured as one basement level, ground floor, three podium levels, 18 floors and a roof level.
The project and building configuration
Luxury Family Residence III is planned as one building combining residential apartments with commercial retail space. Its recorded configuration is 1B+G+3P+18F+R: one basement level, a ground floor, three podium levels, 18 floors and a roof level. The structure is designed in concrete and blockwork, with internal and external finishes. The project contains 72 units in total and has a recorded total area of 26,167.51. Its construction start date is recorded as 30 June 2022. The development is located in Business Bay, a central Dubai district with residential, office and waterfront development along the Dubai Canal corridor.
Construction status and recorded dates
Luxury Family Residence III has Active status. At the inspection dated 7 May 2026, the reported completion ratio was 50.60%. The project’s recorded start date is 30 June 2022, and its recorded completion date is 30 June 2025. The status and completion ratio identify the development as still active at the latest stated inspection. Buyers considering the project can therefore assess it as a development under construction rather than a completed residential building. The reported progress figure applies to the project as a whole, which comprises one building and 72 units.
Residential and retail use
The development combines residential-apartment use with commercial-retail use within the same building. Residential accommodation forms part of a wider mixed-use configuration that also includes retail space. The building arrangement places a basement level below the ground floor, followed by three podium levels and 18 upper floors, with a roof level above. Luxury Family Residence III has 72 units across the full project. Business Bay itself contains a mix of office towers, residential high-rises and canal-side development, placing this residential and retail format within an established mixed-use district.
Business Bay setting
Luxury Family Residence III is in Business Bay, a mixed-use district along the Dubai Canal and immediately southwest of Downtown Dubai. The district forms part of central Dubai’s urban spine and includes office towers, residential high-rises, waterfront promenades and a marina precinct. Business Bay has developed from a predominantly commercial master plan into an area with a larger residential component alongside office stock. It contains completed buildings as well as active developments, with canal-front areas and connections towards Dubai Creek supporting marina-style development in parts of the neighbourhood. Sheikh Zayed Road borders the district, while local arterial roads link it with Al Khail Road.
Transport and central Dubai connections
Business Bay is served by the Dubai Metro Red Line. Station R26 is 551 metres from the district reference point and is walkable from many parts of Business Bay. The Burj Khalifa and Downtown Dubai are 1.5 km from the same reference point, while The Dubai Mall is 1.9 km away. Dubai International Airport is 12.6 km away, and Mall of the Emirates is 10.0 km away. Palm Jumeirah is 15.1 km away, Dubai Marina is 17.2 km away and JBR Beach is 17.9 km away. Al Maktoum International Airport is 34.0 km away. Business Bay also lies adjacent to Sheikh Zayed Road.
The developer
Kappa Acca Real Estate Development is the developer of Luxury Family Residence III. The company is responsible for the 72-unit project in Business Bay, which combines residential apartments and commercial retail space in one building. The development began on 30 June 2022 and has a recorded completion date of 30 June 2025. At the inspection dated 7 May 2026, it was recorded as Active with a completion ratio of 50.60%. The building’s planned form comprises one basement level, a ground floor, three podium floors, 18 floors and a roof level, with concrete and blockwork construction and internal and external finishes.