The first 17 frames come from the seller’s own listing; the rest show the building and its grounds.
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Dubai Islands
ILUKA RESIDENCES
3 BR · Apartment
What the seller states
- Floor
- (3-5)
- View
- Water
- Pool on the balcony
Payment plan
About the building
11-storey residential building in Dubai Islands. Developer — MS Homes Development. Architect — Arec Engineering Consult.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Children's area
- Parking
- Barbecue area
Where it is
The pin is placed by project — accurate to the development, not the door.
Dubai Islands
The reclaimed islands off Deira, formerly Deira Islands: beaches, hotels and new residential on the northern coast.
- beachfront below southern-coast prices
- central northern location
- long-horizon holds
What to check: The masterplan was relaunched and revised once already. Buy within a contracted phase with a stated completion date, and confirm what is planned between your building and the water.
Full district guide →Questions and answers about lot NP2-104546
How much is this 3-bedroom apartment in ILUKA RESIDENCES?
Lot NP2-104546 is priced at AED 3 000 000, about $817 000. The size is 1 535 sq ft (143 m²), which works out at AED 1 954 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 3 661 698; it is now AED 3 000 000 — AED 661 698 less, or 18%.
Is this expensive or cheap for Dubai Islands?
The database holds 53 lots in Dubai Islands, starting from AED 1 500 000. The area median is AED 2 277 per sq ft; this lot, at AED 1 954, is 14% below it. 16 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Islands area guide →Is the property ready or still under construction?
The handover date in the listing is Q4 2026. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 120 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about ILUKA RESIDENCES?
The building has 11 floors and 57 units. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: floor — (3-5); view — Water. The seller's wording is quoted as is.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP2-104546 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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