Lazord by Lapis
Off-Plan

Lazord by Lapis

From AED 1.27M·Handover Dec 2026·20% down payment Payment
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AED 1.27M
Starting Price
Dec 2026
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Lazord by Lapis is a residential development by Lapis Properties. The building comprises a basement level, ground floor, three podium levels, twelve residential floors, and a rooftop. The contemporary architectural style, highlighted by a striking façade, panoramic glazing, and geometric shapes, emphasizes the elegance and premium character of the project. The development offers studios, as well as one- and two-bedroom apartments. The spacious interiors are designed in a light color palette using high-quality materials, soft textures, and thoughtful details that create a cozy atmosphere and visual harmony. The complex features extensive amenities: a relaxation area with a swimming pool and jacuzzi, an open-air cinema, a billiards room, a children's playground, BBQ zones, dancing fountains, and a waterfall. For active lifestyles, residents can enjoy indoor and outdoor gyms, a jogging track, a spa area with a steam room and sauna, and air-conditioned family lounges. Strategically located, Lazord offers excellent connectivity — just 20 minutes to Burj Khalifa, Dubai Mall, Palm Jumeirah, Dubai Marina, and Dubai International Airport, and only 5 minutes to Global Village.

Project Specifications
DeveloperLAPIS Properties
LocationMajan
Unit TypesStudio, 1 BR, Apartments
AreaMajan
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 54,976 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,932
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 82,815 / 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
Lazord by Lapis launch basis1,416AED 1.27MCurrent launch / asking basis
Majan ready-stock comps1,500AED 1.35MIndicative resale benchmark
Majan 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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Lazord by Lapis official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from LAPIS Properties.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Concierge Service
Jogging tracks
Kids Play Area
Landscaped park
Lift
Lobby
Open air gym
Outdoor cinema
Parking
Recreational areas
Sauna
Shared Jacuzzi
Shared Pool
Shared gym
Shared gym & fitness
Sports ground

Location

Majan

Nearby Destinations

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

Developer Track Record

01

Lazord by Lapis by LAPIS Properties

02

Located in Majan

03

Starting from AED 1,274,076

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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