The project
About Lua Residences
Lua Residences is a residential address by Swank Development in Wadi Al Safa 3, Dubai, offering apartments. It is presented as an off-plan release currently listed as sold out with pricing on application.
The developer-stated completion year is 2027; a specific quarter has not been confirmed in the sources reviewed.
Full specifications, floor plans and the payment schedule should be obtained directly from the developer or a registered broker before any reservation.
At a glance
Lua Residences key facts
- Developer
- Swank Development
- Community
- Wadi Al Safa 3
- Status
- Under construction
- Handover
- 2027
- Starting price
- On request
- Unit types
- Apartments
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Lua Residences
- 01
Shortlist and reserve
Choose a unit type and view at Lua Residences and secure it with the booking deposit.
- 02
Sign the SPA
Swank Development issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Located in Wadi Al Safa 3, one of Dubai's established eastern and central residential districts
- Developer-stated completion in 2027
- Off-plan entry with apartments configurations
What to weigh
- Payment plan not published in the sources reviewed; confirm with the developer
- Handover is stated as a year only and may shift with construction progress
- Listed as sold out; availability is limited to resale
FAQ
Lua Residences — frequently asked questions
What is the starting price of Lua Residences?
Pricing for Lua Residences has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of Lua Residences?
Lua Residences is scheduled for handover in 2027. Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Lua Residences?
Lua Residences is developed by Swank Development in Wadi Al Safa 3, Dubai.
What unit types are available at Lua Residences?
Lua Residences offers Apartments.
Where is Lua Residences located?
Lua Residences is in Wadi Al Safa 3, Dubai.
Can foreigners buy at Lua Residences?
Yes. Wadi Al Safa 3 is a freehold area, so buyers of any nationality can own property at Lua Residences outright.
How do I buy or sell at Lua Residences?
MRK Real Estate advises on primary purchases and resales at Lua Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-11-01. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Swank Development before any transaction.
