Dubai, United Arab Emirates
Price from
≈ $1,437,491AED 5,279,184Rate as of 2026-08-30
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
AED 25,839 / m²
+31% vs the city median (Dubai), sample of 371 projects
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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago
Properties
Condominium
Area
204 - 272 m²
Bedrooms
4
Readiness
Under construction
Available
2 of 2
Dry season
Jul, Aug, Oct
Properties
Condominium
Area
204 - 272 m²
Bedrooms
4
Readiness
Under construction
Is this expensive for the city
$7,036per m²pricier than 70% of city projects
+31% vs the city median (Dubai), sample of 371 projects
Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On booking
10%$143,749
Step 2
Tax
4%$57,500
Step 3
Before commissioning
50%$718,745
Step 4
On transfer
10%$143,749
Step 5
After transfer
30%$431,247
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$5,529
$66,346
5.7%
4.6%
$1,923,687
57%
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When is the season here
Driest months: Jul, Aug, Oct
Wettest months: Jan, Dec, Mar
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 21.3 | 25 |
| Feb | 21.3 | 11 |
| Mar | 22.9 | 19 |
| Apr | 25.6 | 11 |
| May | 28.8 | 3 |
| Jun | 31.3 | 7 |
| Jul | 33.1 | 0 |
| Aug | 33.7 | 1 |
| Sep | 32.7 | 2 |
| Oct | 30.8 | 1 |
| Nov | 27.5 | 12 |
| Dec | 23.8 | 20 |
Source: NASA POWER, climate normal (2001-2020). Grid node 25.3, 55.3. This is a multi-year normal, not a weather forecast.
About the project
Properties
Condominium
Status
Under construction
Total units
2
Available
2
Area
204 - 272 m²
Properties
Condominium
Status
Under construction
Total units
2
Available
2
Area
204 - 272 m²
Description
MS Homes Developers is building a single block in Dubai that will hold exactly two units, both four-bedroom, under the name Iluka Residences. Construction is underway and both units remain available, meaning the entire layout range the project offers is still on the table.
Unit sizes run from 204.29 sqm to 272.02 sqm, with both configurations carrying four bedrooms. Prices start at 5,279,184 AED and go up to 7,028,616 AED, working out to a rate of 25,842 AED per square meter. The gap between the two prices lines up with the gap between the two floor areas.
The project sits in the Dubai region of the United Arab Emirates. With only one building and two units total, Iluka Residences is a small-scale addition rather than a large complex, suited to buyers looking for a specific four-bedroom layout rather than a wide range of unit types.
Location
Dubai, United Arab Emirates
Market context
Apartment prices
20%
Villa prices
29%
Residential transactions
56,723transactions
+16% YoY
Average apartment rent
AED 107,000
+8.5% YoY
Price per sqm
AED 1,600
+8% YoY
Dubai’s residential property prices continued to rise in 2025, with apartments up 20% and villas up 29% year‑on‑year, while transaction activity grew 16% to over 56,000 deals. Rental growth has moderated, with average apartment rents increasing about 8.5% and the market moving toward a more balanced supply‑demand dynamic. Strong economic fundamentals, the Golden Visa programme and sustained interest from high‑net‑worth investors keep foreign‑buyer demand robust.
Sources (6) · updated 21/08/2026
- Property prices in Dubai continue upward trend in 2025
- UAE Q3 Real Estate Market Review 2025: Economic Growth Fuels Demand as Supply Stays Tight
- UAE Branded Residences Report 2025 | CBRE
- Dubai Real Estate Market Analysis - October 2025 | Price Trends & Forecast - Off Plan Bazaar
- Dubai real estate set for sustained growth in 2025 amid rising global demand: Knight Frank - Finance Middle East
- Destination Dubai 2025: Dubai Real Estate Market Outlook for Global Investors
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