Mr. Eight Development: an off-plan villa on an island still being made
A developer building villas on the Dubai Islands. A house bought off-plan on new land combines two kinds of waiting, and they resolve on different timetables.
Lumea Residences
Dubai Islands · Green Horizon Development
Project factsheet
Storeys 8
Developer Green Horizon Development
Status Under construction
District Dubai Islands
Layouts 1, 2 and 3 bedrooms
Handover Q1 2028
Photos and renders of the building and grounds — not of this particular unit.
1 / 3
Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.
Developer prices
The developer's last quote in our materials is dated 24 November 2025, which is more than 6 months old, so the sums are not shown here. I will send the current price list and availability over WhatsApp.
- Payment plan
- 35% during construction, 65% on handover
- Handover
- Q1 2028
- Developer
- Green Horizon Development
Figures come from the developer's own materials sent to brokers, dated 24 November 2025. The commentary behind them is written up in the Russian version of this page.
About the building
8-storey residential building in Dubai Islands, currently under construction. Developer — Green Horizon Development.
Specifications for Lumea Residences as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
About the project
Lumea Residences is an 8-storey residential building in Dubai Islands, handover is due Q1 2028.
The developer is Green Horizon Development.
Layouts, according to the sales-launch announcement — 1, 2 and 3 bedrooms.
There is not a single lot in this project in the database right now — it is refreshed every night, and listings here appear and go.
Where it is
The pin is placed by district — I send the exact address on request.
Nothing in the stock for this project right now
The stock refreshes every night, and lots here appear and go. Message me — I will check the closed bases and suggest the nearest alternatives in Dubai Islands.
Ask about this project Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppFrequently asked about Lumea Residences
Who is the developer of Lumea Residences?
Green Horizon Development.
How many floors does Lumea Residences have?
8.
When is Lumea Residences handed over?
The sales-launch announcement says Q1 2028. The date in the contract for a particular unit can differ — I check it before the deal.
What layouts are there in Lumea Residences?
1-bedroom, 2-bedroom and 3-bedroom, according to the sales-launch announcement. Which sizes are actually free right now depends on what is on the market; I will send the current list.
Where is Lumea Residences?
Dubai Islands. The reclaimed islands off Deira, formerly Deira Islands: beaches, hotels and new residential on the northern coast.
How much does an apartment in Lumea Residences cost?
There are no open listings for this building in the database right now. I will check the price for a particular layout against the closed databases and send it with the deal costs worked out.
In the news
What has been written about Dubai Islands, the developer and off-plan
Imtiaz Developments: how to assess a developer that scaled fast
A mid-market company that went from a handful of projects to a large pipeline in a few years. What rapid growth does to risk, and the specific evidence that separates a good scaler from a stretched one.
MGS Development: setting up a property you have never visited
A developer building on the Dubai Islands. Between handover and the first tenant there is a list of connections and registrations, and every one of them needs someone on the ground.
Flora Isle Real Estate Development: paying for Dubai property from abroad
A developer building on the Dubai Islands. The dirham’s peg to the dollar shapes the currency risk for every foreign buyer — and the transfer mechanics have costs of their own.
Metac Properties: what “beachfront” means on a reclaimed island
A developer with two projects on the Dubai Islands. Beach access is sold as a feature and defined as a legal arrangement — and the two are not always the same thing.
Nakheel: the master developer of the islands, and what that title means
The state developer behind Palm Jumeirah and the Dubai Islands. The difference between a master developer and a building developer, and why it matters for what you own.
Dubai Islands: the last waterfront land, from about $5,200 a square metre
A chain of reclaimed islands under a single government master plan. Almost no coastal land with direct beach access is left inside the emirate — and one or two new projects launch here every month. The opportunity and the risk are the same fact.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram