Ready-to-move properties
Luce
$3,084,300 — $12,795,800
Property types:3 bedroom, Duplex
Projected cash-on-cash return:-%
District:Palm Jumeirah
Developer:Taraf
Class of the property:"A"- Class of the district:"A"
Rating Independent:3★
Completion date:2026
Income guarantee:Unavailable
Window view:Sea
About district
Location
- DistrictPalm Jumeirah
Palm Jumeirah is an artificial island that follows the shape of a palm tree with sixteen symmetrical fronds where expensive villas, incredible hotels, a water park, and many kilometers of beautiful beaches are located.
The island is smaller than Palm Jebel Ali and Palm Deira, but Palm Jumeirah is the first of its kind. It is a famous symbol of the UAE along with Burj Al Arab and the Burj Khalifa. The world’s largest man-made island is also a world-famous brand that embodies Dubai’s unquenchable thirst to achieve what seems impossible. The island extends into the Arabian Gulf for five kilometers, and its creation took six years and USD 12,000,000,000 to build. Today the island occupies 560 hectares, which corresponds to the area of 600 football fields.
The construction of the Palm Jumeirah island began in August 2001. Of course, it could have been built of concrete and steel, but Sheikh Mohammed bin Rashid Al Maktoum wanted the island to blend in with the environment, which is why he avoided the use of artificial materials. In total, 94,000,000 square meters of sand were required for the construction of the island. Geographically, the island of Palm Jumeirah is very `lucky`, as the warm, shallow waters off the coast are inaccessible to storms, as they are closed from the ocean by the Strait of Hormuz. However, the island is surrounded by a 3.5-meter protective breakwater, the construction of which took 5,500,000 square meters of rock.
The current appearance of Palm Jumeirah was formed when the trunk began to house magnificent multi-story hotels, yacht clubs, theme parks, shopping and entertainment centers, as well as the fronds, which consists of luxury villas with personal access to the sea. To date, there are approximately 1,400 villas and 2,500 apartments situated on Palm Jumeirah.
Statistics by district
Unit cost
Sales price
Unit cost
About developer
Taraf
Taraf is a boutique property developer and asset manager based in the UAE. With a unique approach to crafting design-led, high-quality properties.
Taraf is reshaping the concept of luxury living for its clients by offering exclusivity and exceptional lifestyle opportunities in elevated living environments. A number of prestigious projects are currently under development and will be launching in 2023.
People are at the heart of all we do. With a consumer-centric design approach, we create places that inspire happy, healthy, active lives, lived in beautiful surroundings. Our boutique projects form close-knit, private communities where like-minded individuals can connect and thrive. With outstanding lifestyle amenities and luxury services, our selective portfolio of residences offer unmatched quality, elevated experiences, and contemporary lifestyles to our clients.
Taraf is reshaping the concept of luxury living for its clients by offering exclusivity and exceptional lifestyle opportunities in elevated living environments. A number of prestigious projects are currently under development and will be launching in 2023.
People are at the heart of all we do. With a consumer-centric design approach, we create places that inspire happy, healthy, active lives, lived in beautiful surroundings. Our boutique projects form close-knit, private communities where like-minded individuals can connect and thrive. With outstanding lifestyle amenities and luxury services, our selective portfolio of residences offer unmatched quality, elevated experiences, and contemporary lifestyles to our clients.
About building
About Luce
LUCE comes as an ultra-luxury residential complex on Palm Jumeirah, launched by Taraf, which is the real estate division of Yas Holding. The nature-inspired development features a collection of sophisticated 2–4 bedroom apartments, with a total of 36 units, in addition to an exclusive 4-bedroom penthouse and a palatial 4-bedroom duplex.
The size of the properties range from 1,825 sq. ft to 9,436 sq. ft. Representing the epitome of elegance, the stunning building will be designed with the use of glass panels that will face the sea and the sunlight.
Each apartment in LUCE will be complemented with a maid’s room and one or more balconies for the utmost convenience of homeowners. At the same time, floor-to-ceiling windows will allow an abundance of the natural light into the living spaces and will allow residents to make the most of the incredible views.
Additionally, owners of the penthouse and the duplex apartment will be able to take advantage of a private swimming pool and a pool jacuzzi, which will add to the resort-like atmosphere. The design of these gorgeous properties will feature fine natural materials, white earthy hues and soft lines.
The size of the properties range from 1,825 sq. ft to 9,436 sq. ft. Representing the epitome of elegance, the stunning building will be designed with the use of glass panels that will face the sea and the sunlight.
Each apartment in LUCE will be complemented with a maid’s room and one or more balconies for the utmost convenience of homeowners. At the same time, floor-to-ceiling windows will allow an abundance of the natural light into the living spaces and will allow residents to make the most of the incredible views.
Additionally, owners of the penthouse and the duplex apartment will be able to take advantage of a private swimming pool and a pool jacuzzi, which will add to the resort-like atmosphere. The design of these gorgeous properties will feature fine natural materials, white earthy hues and soft lines.
Features / Amenities
Parking
Lobby
Gym
Swimming pool
Yoga and pilates room
Jacuzzi
Children’s play area
Сinema
Rrestaurants
24-hour concierge service
Apartment
Floor Plans
3 bedroom / 3398 sqft
$3,084,300
Duplex, 4 bedroom / 8188 sqft
$12,795,800
Process of purchasing
Process of purchasing property
Payment of 10% deposit to receive a memorandum
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
Please contact Buyer B and our company through this link: link to file
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
- Payment to the company in Dubai
- Check
- Cash in Dubai
- Payment in cryptocurrency (USDT)
- Passport
- ID (if available)
- Phone number
Please contact Buyer B and our company through this link: link to file
Acquiring a No Objection Certificate (NOC) from the developer for selling your property, which is necessary for registering the transaction with the Dubai Land Department
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
Finalizing the sales agreement, which outlines all the transaction details
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
MOU - Final Sales Contract: link
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
- The specific property being sold,
- The total cost of the property being acquired,
- Any additional payments related to the transaction (such as agent's commission, payments to the developer, registration fees with the Land Department, reimbursement of pre-paid expenses for maintenance, etc.),
- The time limit for completing the sales transaction,
- The deadlines and procedures for making payments,
- The responsibility of the parties in the event of failure to comply with the contract terms.
MOU - Final Sales Contract: link
Registering Property in the New Owner's Name at the Land Department.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
- Original passports of both the buyer and seller.
- Original property registration certificate under the seller's name.
- Original No Objection Certificate (NOC) issued by the developer, allowing the property sale.
- Copy of the sales and purchase agreement.
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Management
How can we effectively manage real estate to achieve a return?
The initial and crucial step in transferring an apartment to our management is to sign a three-year cooperation agreement. This agreement outlines the specific conditions to be followed and establishes the monthly payment amounts that you will receive.
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
- Register with DTCM
- Pay utilities (DEWA), gas, AC, Wi-Fi
- Pay consumables as per DTCM guidelines, including bedding, towels, crockery, etc.
- Cleaning
- Advertise for tenant search
- Facilitate tenant check-in and check-out
- Service Charge
- Pest control
- Provide preventive maintenance up to AED 500
- Repairs
- Furnishing
- Decorations
The next step in our process is to prepare the real estate property for handover, making sure it meets the high standards set by DTCM.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
We advertise our apartments to a diverse international and local audience through popular online platforms like Dubizzle, Bayut, Property Finder, Booking.com, Airbnb, as well as through our own agency network.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
At our company, we understand the importance of happy and satisfied clients. That's why we go above and beyond to provide exceptional service to each of our landlords. Our team is available 24/7 to address any concerns or queries.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
Following the departure of each tenant, we diligently inspect the apartment and assess the condition of the furniture for any damages or signs of wear. In the event that damages are identified, we promptly reach out to the tenant and deduct the appropriate amount from their deposit.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
Each month, on the 10th, we will provide you with an interest payment of based on your preferred payment method.
We offer the following payment methods for your convenience:
We offer the following payment methods for your convenience:
- Bank transfer
- Cryptocurrency payment
- Payment to your bank card
- Cash payment
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