D I A Homes Real Estate Development L.L.C

DIA Homes is here with Luzora Residences on Central Island, the built-up core with the deepest resale market on the archipelago. It is one of the developers active on the priority phase of the islands, and Luzora is aimed at the compact, investor end of the market, with a near-term handover as its main draw.

Luzora is priced from about AED 1.6M at AED 2,760 per sq.ft, which sits above the island median of AED 2,445. That is an above-median per-foot rate, so it is not a value pick, but the AED 1.6M entry keeps the smaller units accessible for a first investment or a smaller ticket. Sizes run from around 580 sq.ft up to 2,973, with one to two bedrooms, so the emphasis is on compact units rather than large family homes, which suits a yield-focused investor targeting the rental market.

The handover is the reason to look. Luzora is dated Q2 2027, which is near-term by island standards, so you reach the rental market sooner and your capital is committed for less time before it starts earning. On a 60/40 plan, most of the price is due by that completion, which suits a buyer with capital ready rather than one relying on a long deferred structure.

The honest read on Luzora is that it is a compact, near-term investor product at an above-median price. The near-term handover is a genuine plus for a yield buyer who wants rental income sooner, but you are paying an above-median per-foot rate for it, so the case rests on the rent the location can command rather than on cheap square footage. As with any newer developer here, confirm on-site progress and keep a cushion on the date. For an investor focused on getting a compact unit to market quickly on the best-connected island, Luzora fits; for a value buyer or a family, there are better-matched options elsewhere.

Luzora Residences is priced from AED 1.6M at AED 2,760 per sq.ft. That is 13% above the Dubai Islands apartment median of AED 2,445, a gap of AED 315 per foot, which puts it in the upper half of island pricing. On its 60/40 payment plan, that entry price splits into about AED 960K committed across construction and AED 640K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 104K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. A completed unit at this price qualifies the owner for the 2-year investor visa; the 10-year Golden Visa needs AED 2M registered, which this entry does not reach. Handover is dated Q2 2027, sized 580 to 2,973 sq.ft, currently selling. View the full listing →