LMD: a foreign developer entering Dubai, and what carries over
A developer with a record built in another market, now building in Dubai. Which parts of an overseas track record are real evidence here, and which are not.
The Pier Residence
Dubai Maritime City · LMD
Project factsheet
Developer LMD
Status Under construction
District Dubai Maritime City
Layouts 3 bedrooms
Handover Q4 2027
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 11 February 2026, 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
- 65/35 with a 2-year post-handover plan
- Handover
- Q4 2027
- Developer
- LMD
Figures come from the developer's own materials sent to brokers, dated 11 February 2026. The commentary behind them is written up in the Russian version of this page.
About the building
A residential building in Dubai Maritime City, currently under construction. Developer — LMD.
Specifications for The Pier Residence 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
The Pier Residence is a residential building in Dubai Maritime City, handover is due Q4 2027.
The developer is LMD.
Layouts, according to the sales-launch announcement — 3 bedrooms.
The database currently holds 1 lot in this project, from 2,399,000 AED; 1 of them priced below the market, the deepest discount 21%.
Where it is
The pin is placed by district — I send the exact address on request.
Lots in this project — 1
Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2027 — 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 The Pier Residence
Who is the developer of The Pier Residence?
LMD.
When is The Pier Residence handed over?
The sales-launch announcement says Q4 2027. The date in the contract for a particular unit can differ — I check it before the deal.
What layouts are there in The Pier Residence?
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 The Pier Residence?
Dubai Maritime City. A reclaimed peninsula between Port Rashid and the Drydocks: central waterfront on three sides, with a working marine industry as the neighbour.
How much does an apartment in The Pier Residence cost?
The database currently holds 1 lot in this project, from 2,399,000 AED; 1 of them priced below the market, the deepest discount 21%. Prices move every day, so it is worth asking for the current list for this building.
In the news
What has been written about Dubai Maritime City, the developer and off-plan
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A retail group developing a tower in Dubai Maritime City. Whoever you buy from, the rules on tenancy registration, rent increases and notice are the same — and they favour a prepared landlord.
How a Dubai launch price list is built, and how to read one
A launch sells out in an afternoon, which is exactly the problem: the buyer has the least time to think at the moment the most is being decided. What the price list is actually telling you, and which columns matter.
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.
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