Lapis Properties
A single mid-rise building in Majan with studios, one and two-bedroom apartments — launched at AED 499,000 and now quoting from AED 750,000, with handover due in December 2026.
Starting price and amenities are the developer’s own. Unit count, building configuration and the December 2026 date are reported figures — the developer publishes none of them on its project page.
Lazord is Lapis Properties’ first project: one residential building in Majan, a freehold district inside Dubailand that sits between Al Barari and Global Village. The developer’s own page describes it in three words — “where luxury meets convenience” — and then lists a set of amenities that owe more to a resort brochure than to a plot in Wadi Al Safa 3.
The product is straightforward and, for Dubai, increasingly rare: studios, one-bedrooms and two-bedrooms in a low-rise building rather than a branded tower. Reported sizes run 371–456 sq ft for studios, roughly 615–728 sq ft for a one-bedroom and 944–989 sq ft for a two-bedroom, across 313 units. The building is described in DLD-linked records as a basement, ground floor, three parking levels and eight further floors, with retail at the base.
The price has moved a long way. When the project was first listed on the portals in October 2024 it carried a starting price of AED 499,000 for a 396 sq ft studio. The developer now quotes from AED 750,000 on its own site. Registered sales in July 2026 show a 356 sq ft studio at AED 597,500, a 728 sq ft one-bedroom at AED 850,000 and a 944 sq ft two-bedroom at AED 1,293,105. That is a genuine uplift for anyone who bought at launch — and a warning for anyone buying now that the entry point is roughly 50% higher than it was two years ago.
On the date. Handover is advertised as December 2026, with construction having started in January 2025. Reported DLD-registered progress stood at 13.09% at the end of April 2026. Eight months to complete a building from 13% is optimistic in any market; expect the handover to move and price a rental gap into your numbers.
Compiled October 2026 from Lapis Properties’ official Lazord page, and from DLD-linked construction records and portal listings, which are identified where used.
| Type | Size (reported) | Note |
|---|---|---|
| Studio | 371–456 sq ft | The entry point; the AED 750,000 starting price is a studio |
| 1 bedroom | 615–728 sq ft | Sold at AED 850,000 for 728 sq ft in July 2026 |
| 2 bedroom | 944–989 sq ft | Sold at AED 1,293,105 for 944 sq ft in July 2026 |
| Total | 313 units | Single building with retail at ground level |
Sizes and unit count from portal and DLD-linked records; the developer’s project page publishes no unit schedule. Confirm the live mix and price for a specific unit.
The amenities published on the Lazord page include a kids play area, landscaped parks, jogging and cycling paths, a volleyball court, a fountain, a lobby, an outdoor pool, a kids pool and boutique retail. It also lists beachfront and private beaches, marina and waterfront activities and luxury resorts and fine dining.
Majan is inland, next to Global Village, and has no beach, no marina and no private beachfront. Those three lines are almost certainly carried over from the developer’s Ras Al Khaimah project, where they make sense. Treat the Lazord amenity list as indicative until the facilities schedule in the SPA confirms what is actually being built — a pool and a gym are credible; a marina is not.
From AED 750,000 on the developer’s own site. The portal still shows the October 2024 launch price of AED 499,000 for a 396 sq ft studio — useful history, not a price you can buy at.
| Stage | Share (reported) | Note |
|---|---|---|
| On booking | 20% | Reservation and first payment |
| During construction | 54% | 1% monthly instalments, 1st to 27th |
| On handover | 10% | At 100% completion |
| Post-handover | 16% | Within 24 months of handover |
That is the 76/24 structure most brokers quote, with a fifth of the price surviving into the two years after handover. Portal summaries vary — some show 20/54/10/16, others a straight 76/24 — so read the SPA rather than the brochure. There is also an optional furnishing package, reported at AED 35,000 for a studio, AED 55,000 for a one-bedroom and AED 75,000 for a two-bedroom.
Add 4% Dubai Land Department transfer, the Oqood registration fee and the first year of service charges. On a AED 750,000 studio the 4% alone is AED 30,000.
Payment structure as reported by the developer and by portal listings; the developer’s own site publishes no plan for this project. We obtain the executed schedule for the specific unit.
The developer also lists beachfront, marina and resort dining — see the note above; those are not facilities Majan can offer.
Amenities as published by Lapis Properties for Lazord, with the implausible entries identified.
Drive times are the developer’s own. We check the peak-hour drive to your actual workplace before advising.
A single-building residential development by Lapis Properties in Majan, Dubai, with studios, one and two-bedroom apartments, reported at 313 units with handover advertised for December 2026.
The developer quotes from AED 750,000 in October 2026. The project launched at AED 499,000 in 2024, and registered sales in July 2026 ranged from AED 597,500 for a studio to AED 1,293,105 for a two-bedroom.
Reported as 20% on booking, 54% during construction in 1% monthly instalments, 10% on handover and 16% within 24 months after handover.
December 2026 is the advertised date. DLD-registered construction progress was 13.09% at the end of April 2026, so a slip is likely.
It is a freehold Dubailand district next to Global Village and Al Barari, handy for the Dubai–Al Ain road and Dubai Investments Park, but car-dependent with no metro. It suits tenants working in Dubailand, Silicon Oasis and Academic City.
Lapis states that all its projects sit in freehold-designated areas, so foreign buyers can own outright. Confirm the title and registration route for the specific unit.
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