Azure by Lapis
Off-Plan

Azure by Lapis

From AED 1.32M·Handover Dec 2028·20% down payment Payment
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AED 1.32M
Starting Price
Dec 2028
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Azure by Lapis is a residential complex from developer Lapis Properties, located on the island of Al Marjan. The elegant tower towers over the coast, creating an elegant silhouette against the horizon. The building includes two basements levels, a ground floor, three podium floors, forty residential floors and a roof. The modern architectural style of the complex harmoniously combines with natural motifs. Light colors and soft outlines create an atmosphere of spaciousness and openness. Azure by Lapis offers studios and apartments with one, two and three bedrooms. The spacious interiors are filled with air and light, panoramic windows offer views, and refined materials create an atmosphere of comfort and style. The complex offers all the amenities for a comfortable and varied stay: a children's pool, a children's playground, a volleyball court, a running track, a pool area, a lobby, access to the beach, private beaches, a landscaped park and a bike path. Due to its convenient location, residents of the complex can quickly reach key locations: Golf Club – 3 minutes, Marina & Yacht Club – 6 minutes, RAK Airport – 28 minutes, Jebel Jais – 45 minutes, Burj Khalifa – 1 hour.

Project Specifications
DeveloperLAPIS Properties
LocationRak Central
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaRak Central
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 57,156 / year
Cash-on-Cash
2.2%
Levered cashflow AED 13,444
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 86,098 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Azure by Lapis launch basis1,472AED 1.32MCurrent launch / asking basis
Rak Central ready-stock comps1,500AED 1.35MIndicative resale benchmark
Rak Central premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from LAPIS Properties.

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Enter your details to access brochures, floor plans & payment schedules

Payment Structure

20% down payment

Flexible Payment

Contact us for detailed payment schedule and milestones

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Amenities & Lifestyle

Beach Access
Bike path
Dining outlets (coffee houses & restaurants)
Fountain
Jogging tracks
Kids Play Area
Landscape Open Areas
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Lounge
Open Kids Play Area
Outdoor Yoga
Pool Deck
Pool Lounge
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Volleyball
Walking paths

Location

Rak Central

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Rak CentralRak CentralDubai, UAE

Developer Track Record

01

Azure by Lapis by LAPIS Properties

02

Located in Rak Central

03

Starting from AED 1,324,580

04

Unit mix includes Studio, 1 BR, 2 BR, Apartments

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Get Qualified for Azure by Lapis

Limited units available · Direct developer pricing · Serious buyer routing

Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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