The Lana Residences
✓ Resale Available

The Lana Residences

From AED 121.25M·Completed Nov 2022·Developer payment plan available Payment
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AED 121.25M
Starting Price
Nov 2022
Handover
Developer payment plan available
Payment Plan
4 BR · Penthouse
Type

Project Overview

The Lana Residences is a premium project consisting of two interconnected towers standing on a podium. One houses a prestigious hotel, while the second tower offers luxury apartments with 2-4 bedrooms, two-story residences with 4 bedrooms and penthouses with 4-5 bedrooms, private Jacuzzi pools. The design of facades and interiors is distinguished by exquisite finishing and a variety of high-quality materials. The hotel's rooms and apartments have unique layouts that include a private terrace or balcony. Light natural shades predominate in designer furniture. The complex is part of the Dorchester Collection, providing hotel guests and residents with a number of premium services, such as concierge services, 24-hour security with CCTV, butler, maid service and parking. The complex also features a modern gym, swimming pool, spa, yoga studio and a picturesque garden with plenty of places to relax. On the 18th floor of the hotel there is a premium restaurant serving Mediterranean cuisine. The Lana Residences is located on the banks of the Dubai Canal within walking distance from the center of Dubai. The Dubai Mall, Dubai Fountain, Burj Khalifa, Dubai Opera, Jumeirah Beach and the famous Ras al Khor Wildlife Sanctuary are just 5 minutes away. Palm Jumeirah and Dubai Marina are approximately 20 minutes away.

Project Specifications
DeveloperOmniyat Properties
LocationBusiness Bay
Unit Types4 BR, Penthouse
AreaBusiness Bay
OwnershipFreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 5.23M / year
Cash-on-Cash
1.8%
Levered cashflow AED 1.23M
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 7.88M / 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
The Lana Residences launch basis134,717AED 121.25MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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The Lana Residences official render 1

The Lana Residences official render 1

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The Lana Residences official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Omniyat Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

ATM Facility
Accessibility for people with disabilities
BBQ
Central A/C
Children’s pool
Cinema
Concierge Service
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Intercom
Laundry
Leisure areas
Lobby
Pets Allowed
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Storage Areas

Location

Business Bay

Nearby Destinations

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

Developer Track Record

01

The Lana Residences by Omniyat Properties

02

Located in Business Bay

03

Starting from AED 121,245,000

04

Unit mix includes 4 BR, Penthouse

05

Expected handover: Nov 2022

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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