Azure by Lapis
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.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Gallery
Astraterra Properties
Official Documents
Download official marketing materials from LAPIS Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Rak Central
Nearby Destinations
Developer and Project Facts
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
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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