Lapis Properties
A seafront tower at RAK Central with studios through to three-bedroom penthouses — from AED 790,000 on a 75/25 plan, completing in Q4 2028.
Starting price, payment plan, handover and location are published by the developer. Building height and unit sizes are reported and labelled where used.
Azure is Lapis Properties’ second project and its move out of Dubai: a seafront tower at RAK Central in Ras Al Khaimah, marketed as “where the sea shapes your every day”. RAK Central is the new urban district wrapped around the Wynn resort on Al Marjan — the reason the emirate has a luxury market at all — and the developer is explicit about the trade: panoramic Gulf views, a three-minute drive to the Wynn, and prices a long way below the Dubai coast.
The product is broader than Lazord. The developer describes apartments and penthouses; portal listings add studios, one to three-bedroom apartments, three-bedroom duplexes and larger sky villas, across a building reported as ground plus retail, three podium levels and 40 residential floors. Reported sizes run from roughly 400 sq ft for a studio to about 5,100 sq ft for a sky villa.
Pricing follows the same ladder. The developer quotes from AED 790,000. Portal listings put studios at AED 750,000–850,000, one-bedrooms from about AED 1.35 million, two-bedrooms from AED 1.8 million, three-bedrooms from AED 2.4 million, three-bedroom penthouses from AED 6.3 million and sky villas around AED 9.5 million. As with every RAK project, service charges and the eventual hotel supply around the Wynn will decide what these earn.
The trade-off. Seventy-five per cent of the price is due before you get the keys, and handover is four years out. That is a construction-financing structure dressed as a payment plan: you are funding the build, and the 25% tail is your protection if it slips. It works when the price is right and the developer delivers; both need checking.
Compiled October 2026 from Lapis Properties’ official Azure page, with reported unit and price data from portal listings identified where used.
| Type | Size (reported) | From (reported) |
|---|---|---|
| Studio | 400–580 sq ft | AED 790,000 |
| 1 bedroom | around 800 sq ft | AED 1.35 million |
| 2 bedroom | around 1,300 sq ft | AED 1.8 million |
| 3 bedroom | around 2,000 sq ft | AED 2.4 million |
| 3 bedroom penthouse | 4,850–5,200 sq ft | AED 6.3 million |
| Sky villa | around 5,100 sq ft | AED 9.5 million |
Sizes and price points from portal listings in 2025–26; the developer publishes a starting price only. Confirm the live availability and price for a specific unit.
From AED 790,000, on the developer’s published 75/25 plan: three-quarters of the price paid during construction, one quarter on handover.
| Stage | Share | Note |
|---|---|---|
| During construction | 75% | Instalments through the build |
| On handover | 25% | Q4 2028 |
Portal listings break the 75% into a 20% booking payment, roughly 44% across construction instalments and 11% at handover, with the remaining 25% either on handover or over 24 months afterwards. The developer’s own site says only “75/25 completing Q4 2028”, so the timing of the final quarter is the thing to pin down in writing.
Because Ras Al Khaimah registers property with its own land department rather than Dubai’s DLD, the 4% DLD transfer fee does not apply in the same form — but registration fees, the Oqood-equivalent and the escrow arrangements differ, and should be set out before you reserve.
Plan as published by the developer; instalment split as reported by portal listings. We obtain the executed schedule for the specific unit.
The developer’s amenity block is the same list used on its Majan project, which is the first thing to ask about: on a RAK Central seafront the beach and marina entries are plausible, but a copy-pasted list is not a facilities schedule. Portal listings add a gym, spa and sauna, sky gardens, an outdoor cinema and BBQ areas.
Amenities as published by Lapis Properties, with reported additions. Confirm the facilities schedule in the SPA.
Lapis Properties' seafront development at RAK Central in Ras Al Khaimah: studios, one to three-bedroom apartments, penthouses and sky villas, from AED 790,000, completing Q4 2028.
The developer quotes from AED 790,000 for a studio. Portal listings put one-bedrooms from about AED 1.35 million, two-bedrooms from AED 1.8 million, three-bedrooms from AED 2.4 million, penthouses from AED 6.3 million and sky villas around AED 9.5 million.
75/25 — 75% during construction and 25% on or after handover. Portal listings split the 75% into 20% on booking, about 44% through construction and 11% at handover.
Q4 2028, as published by the developer.
Lapis states its projects sit in freehold-designated areas. Ras Al Khaimah has its own land department and escrow rules, so the registration route differs from Dubai's.
Price per square foot and the Wynn resort, which opens in 2027. The trade is a thinner resale market and a rental pool tied to hospitality demand rather than a resident population.
One enquiry, answered by a person. Current price list, unit availability, service-charge estimate and our honest read on the numbers — within one working day.