−8% Luce
2 BR · Apartment · 3 bathrooms
Price history
Listed since 13 October 2026. The price has been cut once — dates and figures from the listing itself.
- 16 October 2026 AED 8 000 000
- 28 October 2026 AED 7 390 000 -8%
About the building
10-storey residential building in The Palm Crescent. Developer — Taraf Development. Architect — MZ Architects.
Where it is
The pin is placed by project — accurate to the development, not the door.
Questions and answers about lot NP4-562009
How much is this 2-bedroom apartment in Luce?
Lot NP4-562009 is priced at AED 7 390 000, about $2 012 000. The size is 1 860 sq ft (173 m²), which works out at AED 3 973 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 8 000 000 to AED 7 390 000: AED 610 000 less, or 8%. It was cut once. On the market since 13 October 2026.
Is the property ready or still under construction?
According to the listing, the property is ready.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 30%, here AED 2 217 000; a loan of AED 5 173 000 over 25 years at 3.75–4.99% a year comes to roughly AED 26 600–30 200 a month. A non-resident puts down from 40% (AED 2 956 000) and pays about AED 22 800–25 900 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 295 600 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. 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 7 390 000. 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 Luce?
The building has 10 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
Luce project page →What does the seller say about the property itself?
From the listing: bathrooms — 3.
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 NP4-562009 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Luce
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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