LUCE

P2b — Under Construction Off-Plan Primary
Developer Taraf Development L.L.C
Community Palm Jumeirah
Property type Apartment
Data updated Jan 30, 2026

LUCE is a Under Construction development by Taraf Development L.L.C in Palm Jumeirah. 38 units across 3 Bedroom (55%), 4 Bedroom (26%), 2 Bedroom (18%). Over the trailing 12 months, 46 sales at a median of AED 10,592,500.

Key Metrics
Median Price
Value
AED 10,592,500
Change
11.6% YoY
Transactions
Value
46
Change
6 in period
Price / sqft
Value
AED 4,138
Handover Status
Value
P2b
Change
Under Construction
Median Price
AED 10,592,500
↓ 11.6% YoY
Transactions
46
↑ 6 in period
Price / sqft
AED 4,138
Handover
P2b
Under Construction
Investment Analytics
Capital Return
Value
12.7%
Community avg
Holding Period
Value
5.5 yrs
Community avg
Ready Market Mix
Value
0.0%
Community avg
Capital Return
12.7%
Community avg
Holding Period
5.5 yrs
Community avg
Ready Market Mix
0.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
2 Bedroom 7 units · 18%
3 Bedroom 21 units · 55%
4 Bedroom 10 units · 26%

Transaction Breakdown

All time — 46 transactions
Off-Plan Primary
38
Off-Plan Secondary
8

Price History

Median Price — LUCE

Median prices in LUCE have risen sharply, up 15% from AED 9.8M to AED 11.3M over the past 6 months.

Recent Transactions

Showing last 10 of 46
Date Type Price (AED) Size (sqft) AED/sqft
Jan 30, 2026 OP Primary 11,300,000 3,456 3,269
Dec 10, 2025 OP Secondary 17,800,000 4,144 4,295
Nov 20, 2025 OP Secondary 9,800,000 2,349 4,171
Oct 29, 2025 OP Secondary 11,000,000 2,769 3,971
Jun 19, 2025 OP Secondary 10,185,000 2,313 4,403
May 29, 2025 OP Secondary 9,800,000 2,387 4,105
Apr 10, 2025 OP Secondary 10,477,174 2,601 4,027
Jun 20, 2024 OP Secondary 13,500,000 2,641 5,110
Apr 01, 2024 OP Secondary 12,500,000 2,513 4,972
Feb 23, 2024 OP Primary 40,000,000 8,298 4,820

This project is in Palm Jumeirah

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