LuzOra Residences
Off-Plan

LuzOra Residences

From AED 1.75M·Handover Jun 2027·20% down payment Payment
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AED 1.75M
Starting Price
Jun 2027
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

LuzOra Residences is a residential development by DIA Developments, located on the scenic Dubai Islands. The project features a modern low-rise building with a ground floor, two podium levels, and eight residential floors. Its architecture blends contemporary aesthetics with the natural coastal setting—light façades, generous balconies, and clean lines emphasize harmony with the surrounding landscape. The complex offers one-, two-, and four-bedroom apartments, with a total of 108 residences. Interiors are finished with high-quality materials, including stone countertops, decorative wall panels, built-in wardrobes, and neutral color palettes. All apartments are equipped with smart key access, and a furnishing package is also available. LuzOra Residences’ amenities are designed for comfort and refined waterfront living. Residents can enjoy a swimming pool, gym, luggage storage area, on-site Wi-Fi, EV charging stations, and a golf cart service for easy mobility. The complex is just five minutes away from Dubai Islands Mall, beach resorts, a sports club, and the Souk Al Marfa market, and only eight minutes from a nine- and eighteen-hole golf course.

Project Specifications
DeveloperDIA Developments
LocationDubai Islands
Unit Types1 BR, 2 BR, 4 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 75,677 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,801
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 113,998 / 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
LuzOra Residences launch basis1,949AED 1.75MCurrent 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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LuzOra Residences official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from DIA Developments.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Broadband Internet
Central A/C
Covered Parking
Covered gym
Electric Vehicle Charger
Golf course
Infinity pool
Kids Play Area
Leisure areas
Lift
Lobby
Parking
Pool Deck
Security and CCTV
Shared Pool
Shared gym & fitness
Smart home
Storage Areas

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

LuzOra Residences by DIA Developments

02

Located in Dubai Islands

03

Starting from AED 1,753,817

04

Unit mix includes 1 BR, 2 BR, 4 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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