Ms Homes Development

Ms Homes Development is here with Lluka on Central Island, and it is an interesting one to read because the headline entry price looks high while the per-foot rate is actually good value. Lluka is priced from about AED 3.7M, which is a big ticket, but at AED 2,100 per sq.ft the per-foot rate sits below the island median of AED 2,445. The high entry price reflects large units, not an expensive rate, so you are getting space at a fair per-foot price rather than paying a premium.

That distinction matters. On Central Island, the built-up core with the deepest resale market on the archipelago, a below-median per-foot rate on larger homes is a scarce combination, and it suits an end-user or family buyer who wants real space at a sensible rate rather than a compact investor unit. Sizes run from around 804 sq.ft up to 2,960, with one to four bedrooms, so there is a range, but the value is clearest at the larger end.

The handover is a plus. Lluka is dated Q3 2026, which is near-term by island standards, so you reach the rental market or move-in sooner and your capital works for less time before it earns. On a 60/40 plan, most of the price is due by that completion, which suits a buyer with capital ready. It is a small building at 57 units, which adds a quieter address and less internal competition.

The honest read on Lluka is that it is better value than its AED 3.7M headline suggests, because that number buys a large home at a below-median per-foot rate on the best-connected island, with a near-term handover. If you want space rather than the cheapest ticket, and you can fund the larger entry, Lluka is a sensible option. If your budget is tight or you want a compact investor unit, the high absolute price rules it out even though the per-foot rate is fair. As with any newer developer here, confirm on-site progress and keep a cushion on the date.

Lluka is priced from AED 3.7M at AED 2,100 per sq.ft. That is 14% below the Dubai Islands apartment median of AED 2,445, a gap of AED 345 per foot, which puts it in the lower half of island pricing. On its 60/40 payment plan, that entry price splits into about AED 2.22M committed across construction and AED 1.48M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 241K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q3 2026, the building holds 57 units, sized 804 to 2,960 sq.ft, currently selling. View the full listing →