Iluka Residences
Off-Plan

Iluka Residences

From AED 5.28M·Handover Nov 2026·20% down payment Payment
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AED 5.28M
Starting Price
Nov 2026
Handover
20% down payment
Payment Plan
4 BR · Apartments
Type

Project Overview

Iluka Residences is a residential complex from the developer MS Homes Developers, located on the Dubai Islands. The architecture of the building is inspired by the movement of sea waves: the smooth lines of the facade, glass balconies, and light colors emphasize harmony with the natural environment. Iluka Residences has a ground floor, two podium floors, eight residential floors, and a roof. The project includes apartments with one, two, three, and four bedrooms, including residences with private pools on balconies, as well as unique garden apartments. The layouts are thought out to the smallest detail: spacious bedrooms, elegant kitchens, and a smart home control system. The interiors are decorated in bright colors using premium materials. Residents have access to a wide range of amenities: an infinity pool with panoramic views, private pools, a gym overlooking the beach, a yoga area, a sauna and a steam room, a barbecue area, a play area for children, an urban forest, a board game area, a cinema room, and a stylish lobby with a lounge area. The complex is located in a location with developed infrastructure and quick access to key points of the city: Gold Souk - 7 minutes, Jumeirah - 10 minutes, Dubai International Airport - 15 minutes, Dubai International Financial Centre - 20 minutes, Downtown Dubai - 20 minutes, Burj Al Arab - 25 minutes.

Project Specifications
DeveloperMS Homes Developers
LocationDubai Islands
Unit Types4 BR, Apartments
AreaDubai Islands
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 227,797 / year
Cash-on-Cash
2.2%
Levered cashflow AED 53,584
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 343,147 / 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
Iluka Residences launch basis5,866AED 5.28MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands 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 MS Homes Developers.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Cinema
Infinity pool
Kids Play Area
Kids splash pad
Landscaped garden
Leisure areas
Lift
Lobby
Private pool
Sauna
Shared Pool
Shared gym & fitness
Smart home
Yoga studio

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Iluka Residences by MS Homes Developers

02

Located in Dubai Islands

03

Starting from AED 5,279,184

04

Unit mix includes 4 BR, Apartments

05

Expected handover: Nov 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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