
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Azure by Lapis launch basis | 1,472 | AED 1.32M | Current launch / asking basis |
| Rak Central ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Rak Central premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























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Astraterra Properties
Download official marketing materials from LAPIS Properties.
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Rak Central
Azure by Lapis by LAPIS Properties
Located in Rak Central
Starting from AED 1,324,580
Unit mix includes Studio, 1 BR, 2 BR, Apartments
Expected handover: Dec 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
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.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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