Dubai, general view
Lua Residences
Majan · DLD district Wadi Al Safa 3 SwankDLD project 2974
Towers under construction with cranes on the Dubai waterfront. A general view of Dubai, not this projectPhoto: Leandro Neumann Ciuffo, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Lua Residences is active on the DLD register, completion date 31 Mar 2026. It was 64.42% built at DLD’s inspection on 22 Sep 2026.
Completion dateSourceDLD project registerWindowcompletion dateFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
31 Mar 2026
on the DLD register
BuiltSourceDLD project registerFigure% built at DLD’s latest inspectionDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
64.4%
DLD inspection, 22 Sep 2026
Home salesSourceDLD registered salesWindowOct 2025–Sep 2026Based on1 saleFigureflats and villas, no data-quality flagDatasales to 5 Oct 2026How it is worked out
1
Oct 2025–Sep 2026
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on1 saleFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026Fewer than 5 sales: no median shownHow it is worked out
—
1 home sale, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on1 saleFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
1
−97% on Oct 2024–Sep 2025
The DLD project register
ActiveCompletion date on the DLD register: 31 Mar 2026
64.42% built at DLD’s inspection on 22 Sep 2026.
Started1 May 202464.4% builtinspection 22 Sep 2026Completion31 Mar 2026
Built, at DLD’s latest inspection64.42%
- DLD project number
- 2974
- Status
- Active
- Completion date
- 31 Mar 2026
- Start date
- 1 May 2024
- Registered
- 16 May 2024
- Developer
- Swank Real Estate Development L.L.C · DLD developer 1727
- Escrow account bank
- Emirates Islamic Bank
- Units
- 37
Inspection history: 7 inspections on the register
| Inspection date | Built |
|---|---|
| 22 Sep 2026 | 64.42% |
| 16 Jun 2026 | 55.2% |
| 3 Dec 2025 | 42.98% |
| 19 Jun 2025 | 31.03% |
| 16 Apr 2025 | 19.27% |
| 21 Dec 2024 | 5.3% |
| 11 Mar 2024 | 0% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. Swank can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-2974-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026| Size | Sales | Median price | Median AED /sq ft | Median size, sq ft |
|---|---|---|---|---|
| 5+ BR | 1 · fewer than 5 | — | — | — |
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 15 May 2026 | Villa · 5+ BR Off-plan | 4,282 | AED 10.2m | 2,382 | −16% |
| 23 Jun 2025 | Villa · 4 BR Off-plan | 3,540 | AED 6.3m | 1,779 | −2% |
| 18 Apr 2025 | Villa · 4 BR Off-plan | 3,540 | AED 6.4m | 1,808 | −0% |
| 27 Feb 2025 | Villa · 5+ BR Off-plan | 4,591 | AED 9.4m | 2,041 | −28% |
| 25 Feb 2025 | Villa · 5+ BR Off-plan | 4,834 | AED 9.5m | 1,965 | −31% |
| 25 Feb 2025 | Villa · 4 BR Off-plan | 2,659 | AED 6.3m | 2,370 | +30% |
| 25 Feb 2025 | Villa · 4 BR Off-plan | 2,659 | AED 6.3m | 2,370 | +30% |
| 25 Feb 2025 | Villa · 4 BR Off-plan | 2,659 | AED 6.3m | 2,370 | +30% |
| 4 Feb 2025 | Villa · 5+ BR Off-plan | 4,338 | AED 10.0m | 2,305 | −19% |
| 22 Jan 2025 | Villa · 5+ BR Off-plan | 4,095 | AED 9.1m | 2,222 | −21% |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Majan, Oct 2025–Sep 2026.
Swank’s ads
Swank isn’t advertising Lua Residences on Facebook or Instagram right now. When it does, the ads will show here with the prices they quote.
Checked in Meta’s Ad Library on 26 Oct 2026 · Swank Development in the Ad Library
Majan market insights
Registered with DLD under the district Wadi Al Safa 3, 2019 to 5 Oct 2026.
AED 1,410Sep 2026+17%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
Studio
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
7,051 sales2025+3592%on 2019
Full years only, registered sales of every type. 5,726 sales in 2026 to 5 Oct.
Off-plan share
81% of the 8,235 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2023 | 2 | 0 | 2 | AED 116m | — | — |
| 2024 | 26 | 26 | 0 | AED 225m | AED 8.9m | 2,194 |
| 2025 | 12 | 12 | 0 | AED 88.5m | AED 6.3m | 2,337 |
| 2026 to 5 Oct | 1 | 1 | 0 | AED 10.2m | — | — |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
41sales registered, May 2023 to Sep 2026
Every registered sale, all property types.
Other projects in Majan
8,235 sales were registered in Majan over Oct 2025–Sep 2026, with homes at a median AED 1,440 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Binghatti Vintage | Binghatti | Due Mar 2027 | 1,513 | AED 710k |
| Binghatti Skyflame 1 | Binghatti | Due Dec 2027 | 771 | AED 570k |
| Binghatti Titania | Binghatti | Due Feb 2027 | 723 | AED 699k |
| Samana Barari Heights | Samana | Due Oct 2028 | 463 | AED 829k |
| Binghatti Skyflame 2 | Binghatti | Due Dec 2027 | 412 | AED 575k |
| Living Legends Phase 5 | Al Ghurair | Due Mar 2025 | 222 | AED 656k |
| Living Legends Phase 6 | Dawn | Due Jul 2026 | 159 | AED 1.7m |
| Vincitore Wellness Estate | Vincitore | Due Feb 2030 | 158 | AED 1.3m |
| Paradise View 1 | Al Maskan Al Hadeeth Developmant | Finished | 156 | AED 720k |
| Taormina Village 1 | Reportage | Due Dec 2027 | 146 | AED 2.1m |
| Bararigate by Ade | A D E Properties L.L.C | Due Dec 2028 | 146 | AED 730k |
| The Fields at D11 - Mbrmc | G& - Fz | Finished | 138 | AED 3.8m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by Swank
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| Selora Residences | Majan | Apr 2027 | 3.5% | 8 |
More from Swank
Every Swank projectPhoto: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0). Resized and cropped.
More projects in Majan
Everything in MajanDubai, general view
Binghatti Vintage
Majan · Binghatti
Due Mar 2027DLD register
Median home price, Oct 2025–Sep 2026AED 710k
Dubai, general view
Binghatti Skyflame 1
Majan · Binghatti
Due Dec 2027DLD register
Median home price, Oct 2025–Sep 2026AED 570k
Dubai, general view
Binghatti Titania
Majan · Binghatti
Due Feb 2027DLD register
Median home price, Oct 2025–Sep 2026AED 699k
Dubai, general view
Samana Barari Heights
Majan · Samana
Due Oct 2028DLD register
Median home price, Oct 2025–Sep 2026AED 829k
Dubai, general view
Binghatti Skyflame 2
Majan · Binghatti
Due Dec 2027DLD register
Median home price, Oct 2025–Sep 2026AED 575k
Dubai, general view
Living Legends Phase 5
Majan · Al Ghurair
Due Mar 2025DLD register
Median home price, Oct 2025–Sep 2026AED 656k
Photos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0); Towers in Business Bay by giggel (Wikimedia Commons, CC BY 3.0). Resized and cropped.
Before you buy a home in Lua Residences
About Lua Residences
Lua Residences is a Swank project in Majan, Dubai, registered with the Dubai Land Department as project 2974 by Swank Real Estate Development L.L.C. The register lists it as active, with a completion date of 31 Mar 2026, 64.42% built at DLD’s inspection on 22 Sep 2026.
41 sales have been registered since Jan 2019, the first on 30 May 2023, 1 of them over Oct 2025–Sep 2026. The sales include 2 land plots, left out of every price figure. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 71st of the 111 projects with a registered sale in Majan, and first of Swank’s 2.
Questions about Lua Residences
When will Lua Residences be finished?
The DLD register lists a completion date of 31 Mar 2026. It was 64.42% built at DLD’s inspection on 22 Sep 2026. These are the register’s own figures, read 13 Oct 2026; we don’t forecast a finish.
Is Lua Residences finished?
No. The DLD register lists it as active, 64.42% built at the inspection on 22 Sep 2026.
How many sales has Lua Residences had?
41 sales registered with the Dubai Land Department since Jan 2019, 1 of them over Oct 2025–Sep 2026. The count includes 2 land plots, which are left out of every price figure.
Who is the developer of Lua Residences?
The DLD register lists Swank Real Estate Development L.L.C, DLD developer number 1727, which we group under Swank.
Where is Lua Residences?
In Majan, Dubai. The Dubai Land Department registers its sales under the district Wadi Al Safa 3. Homes there registered at a median AED 1,440 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Lua Residences?
The DLD project register lists an escrow account with Emirates Islamic Bank for Lua Residences.
Cite this page
Lua Residences, Majan. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/lua-residences
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.