LUCE The Light at The Palm
Off-Plan

LUCE The Light at The Palm

From AED 9.58M·Handover Jul 2026·20% down payment Payment
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AED 9.58M
Starting Price
Jul 2026
Handover
20% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

LUCE The Light at The Palm is a premium residential development by Taraf on Palm Jumeirah, Dubai. The building's architectural design is defined by exquisite glass panels oriented toward the sea and sunlight. The structure blends seamlessly into the coastal landscape, creating a striking silhouette. The façade combines the brilliance of light with elegant lines. The complex comprises two basement levels, a ground floor, and nine residential floors, offering 1- to 4-bedroom apartments, alongside 4-bedroom duplexes and penthouses. Each space is meticulously designed, featuring soft lines and delicate tones. The interiors are finished with the finest natural materials, and abundant natural light enhances a luminous ambiance that evolves from sunrise to sunset. For resident comfort, the development features dedicated leisure and wellness amenities. The property includes a private gym with professional equipment and panoramic beach views, an infinity pool, a jacuzzi, a children's play area, and a landscaped garden with direct beach access. The location ensures convenient access to key destinations: Al Sufouh Road is within walking distance, while The Palm Jumeirah, beachfront zones, and the coastline are just a few minutes away on foot.

Project Specifications
DeveloperTaraf
LocationPalm Jumeirah
Unit Types2 BR, Apartments
AreaPalm Jumeirah
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 413,506 / year
Cash-on-Cash
2.2%
Levered cashflow AED 97,267
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 622,895 / 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
LUCE The Light at The Palm launch basis10,648AED 9.58MCurrent launch / asking basis
Palm Jumeirah ready-stock comps3,200AED 2.88MIndicative resale benchmark
Palm Jumeirah premium peer launches3,800AED 3.42MNew-launch peer set
Trophy alternative proxy4,700AED 4.23MHigher-end anchor for negotiation context

Gallery

LUCE The Light at The Palm — View 2
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LUCE The Light at The Palm official render 1

LUCE The Light at The Palm official render 1

LUCE The Light at The Palm official render 2

LUCE The Light at The Palm official render 2

LUCE The Light at The Palm official render 3

LUCE The Light at The Palm official render 3

LUCE The Light at The Palm official render 4

LUCE The Light at The Palm official render 4

LUCE The Light at The Palm official render 5

LUCE The Light at The Palm official render 5

LUCE The Light at The Palm official render 6

LUCE The Light at The Palm official render 6

LUCE The Light at The Palm official render 7

LUCE The Light at The Palm official render 7

LUCE The Light at The Palm official render 8

LUCE The Light at The Palm official render 8

LUCE The Light at The Palm official render 9

LUCE The Light at The Palm official render 9

LUCE The Light at The Palm official render 10

LUCE The Light at The Palm official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Taraf.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Beach Access
Covered Kids Play Area
Indoor cinema
Infinity pool
Landscape Open Areas
Lavish Sundeck
Lift
Lobby
Pool Deck
Resting Areas
Shared gym & fitness
Sitting Area
Social zone
Walking paths

Location

Palm Jumeirah

Nearby Destinations

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

Developer Track Record

01

LUCE The Light at The Palm by Taraf

02

Located in Palm Jumeirah

03

Starting from AED 9,583,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Jul 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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