Lamaa
ROI: 30%
Available: 7 units
Cost: from $ 559 876 to $ 2 768 772
Handover: December 2025
Available: 7 units
Cost: from $ 559 876 to $ 2 768 772
Handover: December 2025
Why is this property a worthy investment?
// 01. This project holds the distinction of being the first in the Jumeirah district open to ownership by non-local Arabs.
Until now, ownership in this area was largely restricted to local Arabs and Persian Gulf residents.
The Jumeirah district is a highly coveted economic area. In 2023, rental costs rose by 8.96%, underlining its ongoing appeal. Its allure for tourists ensures that real estate here will always be in demand. Owning a slice of luxury in Jumeirah, available to you anytime, is an opportunity too good to miss.
// 02. The second factor is the developer, Meeras.
Established in Dubai sixteen years ago, Meeras has risen to become one of the country's leading developers. They are known for constructing a wide range of high-quality properties, from skyscrapers and cottages to premium-class townhouses.
A glimpse into Meeras' portfolio of projects reveals:
Our previous investments in apartments developed by Meeras have shown impressive value appreciation, averaging 65%.
This speaks volumes about the desirability of Meeras' properties and signals a promising future for this project.
- Almost 4,000 apartments constructed across five different areas in Dubai.
- Over 2,000 public amenities.
- Nearly 2,000 hotel complex rooms.
Our previous investments in apartments developed by Meeras have shown impressive value appreciation, averaging 65%.
This speaks volumes about the desirability of Meeras' properties and signals a promising future for this project.
STATISTICS BY AREA
The analysts in the product department at MASTERPIECE company make data-driven decisions. Based on the charts, it is clear that the real estate prices and annual rent in Dubai show positive dynamics and are among the top performers.
REAL ESTATE COST
REAL ESTATE COST
REAL ESTATE COST
REAL ESTATE COST
Average annual rental cost
Average annual rental cost
Lamaa
Lamaa is an exceptional addition to Madinat Jumeirah Living, conveniently situated minutes away from Dubai's coastline. Here, you have the opportunity to own a luxurious freehold apartment, ranging from one to four bedrooms, in a characterful and inviting collection of residences in an exciting location.
This exclusive address provides everything required for a comfortable, modern lifestyle, set against the backdrop of an iconic skyline featuring the Burj Al Arab. Take pleasure in Jumeirah’s unspoilt beaches and the charming traditional windcatchers and canals of Souk Madinat Jumeirah. Madinat Jumeirah Living is a place where you can truly come home.
This exclusive address provides everything required for a comfortable, modern lifestyle, set against the backdrop of an iconic skyline featuring the Burj Al Arab. Take pleasure in Jumeirah’s unspoilt beaches and the charming traditional windcatchers and canals of Souk Madinat Jumeirah. Madinat Jumeirah Living is a place where you can truly come home.
LOCATION
Located 20 minutes from Dubai International Airport, and nestled in Madinat Jumeirah, Madinat Jumeirah Living is also just a few minutes from Dubai Media City, Dubai Internet City, Palm Jumeirah and Dubai Marina. It is adjacent to Burj Al Arab, Wild Wadi WaterparkTM, Jumeirah Beach Hotel, major shopping malls, public transport links and schools.
LOCATION
Located 20 minutes from Dubai International Airport, and nestled in Madinat Jumeirah, Madinat Jumeirah Living is also just a few minutes from Dubai Media City, Dubai Internet City, Palm Jumeirah and Dubai Marina. It is adjacent to Burj Al Arab, Wild Wadi WaterparkTM, Jumeirah Beach Hotel, major shopping malls, public transport links and schools.
Features:
• Bridge to Madinat Jumeirah
• Security 24/7
• Swimming Pool
• Day Care Centres
• Fitness Centres
• Parks and Open Spaces
• Play Areas
• Gym
• Security 24/7
• Swimming Pool
• Day Care Centres
• Fitness Centres
• Parks and Open Spaces
• Play Areas
• Gym
Examples of apartment interiors:
Property Type:
2BR (Park View)
Project: Madinat Jumeirah Living LAMAA, Meraas
Unit Number: 601
Total Size: 1113.53 sqft./103.45 sqm
Balcony area: 76.75 sqft./7.13 sqm
$ 871 963,4
AED 3 202 713,8
Unit Number: 601
Total Size: 1113.53 sqft./103.45 sqm
Balcony area: 76.75 sqft./7.13 sqm
$ 871 963,4
AED 3 202 713,8
Payment Plan:
- ON BOOKING: 396 347 $
- JUNE 2024: 79 269,4$
- DECEMBER 2025 (ON HANDOVER): 396 347$
Forecast of apartment price:
- 2024 + 10% = +87 196,34 $
- 2025 +20% = +174 392,68 $
- 2026 +30% = +261 589,02 $
Property Type:
4BR (Park View)
Project: Madinat Jumeirah Living LAMAA, Meraas
Unit Number: 602
Total Size: 3530.35 sqft./327.98 sqm
Balcony area: 1135.18 sqft./105.50 sqm
$ 2 768 772,6
AED 10 169 673,8
Unit Number: 602
Total Size: 3530.35 sqft./327.98 sqm
Balcony area: 1135.18 sqft./105.50 sqm
$ 2 768 772,6
AED 10 169 673,8
Payment Plan:
- ON BOOKING: 1 258 533 $
- JUNE 2024: 251 706,6 $
- DECEMBER 2025 (ON HANDOVER): 1 258 533 $
Forecast of apartment price:
- 2024 + 10% = +276 877,26 $
- 2025 +20% = +553 754,52 $
- 2026 +30% = +830 631,78 $
Property Type:
2BR
Project: Medinat Jumeirah Living Lamaa
Unit Number: 604
Total Size: 1113 sqft
Balcony area: 88.05 sqft
$ 795 031,6
AED 2 920 145,8
Unit Number: 604
Total Size: 1113 sqft
Balcony area: 88.05 sqft
$ 795 031,6
AED 2 920 145,8
Payment Plan:
- ON BOOKING: 361 378$
- JUNE 2024: 72 275,6$
- DECEMBER 2025 (ON HANDOVER): 361 378 $
Forecast of apartment price:
- 2024 + 10% = +79 503,16$
- 2025 +20% = +159 006,32$
- 2026 +30% = +238 509,48$
Property Type:
1BR
Project: Medinat Jumeirah Living Lamaa
Unit Number: 605
Total Size: 736 sqft
Balcony area: 84.60 sqft
$ 559 876,9
AED 2 056 425,8
Unit Number: 605
Total Size: 736 sqft
Balcony area: 84.60 sqft
$ 559 876,9
AED 2 056 425,8
Payment Plan:
- ON BOOKING: 254 489,5 $
- JUNE 2024: 50 897,9 $
- DECEMBER 2025 (ON HANDOVER): 254 489,5 $
Forecast of apartment price:
- 2024 + 10% = +55 987,69 $
- 2025 +20% = +111 975,38 $
- 2026 +30% = +167 963,07 $
Property Type:
1BR
Project: Medinat Jumeirah Living Lamaa
Unit Number: 606
Total Size: 742 sqft
Balcony area: 90.20 sqft
$ 563 926
AED 2 071 297,8
Unit Number: 606
Total Size: 742 sqft
Balcony area: 90.20 sqft
$ 563 926
AED 2 071 297,8
Payment Plan:
- ON BOOKING: 256 330 $
- JUNE 2024: 51 266 $
- DECEMBER 2025 (ON HANDOVER): 256 330 $
Forecast of apartment price:
- 2024 + 10% = +56 392,6 $
- 2025 +20% = +112 785,2 $
- 2026 +30% = +169 177,8 $
Property Type:
3BR
Project: Medinat Jumeirah Living Lamaa
Unit Number: 609
Total Size: 1818 sqft
$ 1 526 202,7
AED 5 605 729,8
Unit Number: 609
Total Size: 1818 sqft
$ 1 526 202,7
AED 5 605 729,8
Payment Plan:
- ON BOOKING: 693 728,5 $
- JUNE 2024: 138 745,7 $
- DECEMBER 2025 (ON HANDOVER): 693 728,5 $
Forecast of apartment price:
- 2024 + 10% = +152 620,27 $
- 2025 +20% = +305 240,54 $
- 2026 +30% = +457 860,81 $
Property Type:
1BR
Project: Medinat Jumeirah Living Lamaa
Unit Number: 611
Total Size: 688,89 sqft
Balcony area: 73,84 sqft
$ 624 972,7
AED 2 295 521,8
Unit Number: 611
Total Size: 688,89 sqft
Balcony area: 73,84 sqft
$ 624 972,7
AED 2 295 521,8
Payment Plan:
- ON BOOKING: 284 078,5 $
- JUNE 2024: 56 815,7 $
- DECEMBER 2025 (ON HANDOVER): 284 078,5 $
Forecast of apartment price:
- 2024 + 10% = +62 497,27 $
- 2025 +20% = +124 994,54 $
- 2026 +30% = +187 491,81 $
How can we resell or how can you be sure that you will sell it in a year?
We have a steady stream of customers who buy ready-to-rent apartments (for passive income).
We have a steady flow of people who rent apartments and then buy them after some time.
A strong marketing and sales department. Based on our experience, we sell an apartment within 1-2 months.
Process of Purchasing Real Estate:
We identify a suitable property that meets your needs and has promising potential for appreciation.
We confirm the property's availability with the developer, keeping in mind that properties in Dubai can be snapped up quickly.
Our team verifies the escrow accounts and the project card via the Dubai Land Department website.
You place an Expression of Interest (refundable) or a Deposit (non-refundable) - 2-5% to provisionally reserve the property under your name. This deposit is paid into the developer's bank account.
We complete and sign the Booking Form online.
You transfer the remaining part of the initial payment (10-20%) within 1-2 weeks. This payment is also made to the developer's bank account.
We handle the payment of the Dubai Land Department (DLD) fee, which amounts to 4% of the property value.
You cover additional fees: the administration fee (580 AED) and OQOOD - temporary ownership certificate (2,100 AED for sale price below 500k - 4,200 AED for sale price above 500k).
We sign the main Sales and Purchase Agreement (SPA) either remotely, at the developer's office, or via post. This typically occurs within 1-2 months.
Example of the agreement
Example of the agreement
You continue with the remaining payments, which are made to the project's escrow account, until the handover or key collection.
Upon completion of the full payment, you will receive the Title Deed - the ownership certificate (250 AED) and then proceed to take over the property and collect the keys.
Title Deed
Title Deed
What sets us apart from other real estate agencies in Dubai?
Our values are honesty and integrity.
We're driven by honesty and integrity. While some agencies may focus on high commissions, we prioritize the excellence of our services. We're not just about selling high-commission properties. We put client satisfaction first.
1
We're driven by honesty and integrity. While some agencies may focus on high commissions, we prioritize the excellence of our services. We're not just about selling high-commission properties. We put client satisfaction first.
2
Our team is highly experienced and knowledgeable in property selection. Unlike some agencies that might hire newbies, we have seasoned professionals who understand the real estate investment market and the ins and outs of Dubai. Our founder, Alexey, brings 13 years of experience in the Dubai market. Along with a team of specialists, we select the most suitable properties.
3
We also have the unique advantage of working with a property management company, giving us insights into the potential income a property can yield.
With 13 years under our belt, we have a deep understanding of the Dubai real estate market. Some agencies may be recent entrants, focusing on capitalizing on a booming market rather than delivering value.
With 13 years under our belt, we have a deep understanding of the Dubai real estate market. Some agencies may be recent entrants, focusing on capitalizing on a booming market rather than delivering value.
4
Our expertise lies in selling properties for investment. Unlike many agencies that sell properties based on demand, we delve into the numbers and analytics.
5
We operate a property management company, allowing us to assure profitability for our clients. This also saves them from the trouble of having to rent out their properties themselves.
6
We guarantee our clients' profitability contractually. This shows our readiness to share risks and responsibilities.
7
As a group of companies offering a broad spectrum of services, we're able to cater to the needs of individuals visiting or residing in Dubai, acting as a trustworthy concierge service. We put quality and service above all else.
8
We stand out from most agencies by having a quality control department that supervises every process within the company.
9
The fact that 90% of our clients would recommend us speaks volumes.
10
The owners see this company as a lifelong commitment, pouring their heart and soul into delivering the best service possible.
dear client,
Managing Partner MASTERPIECE PROPERTIES
We look forward to having you as our client and part of the MASTERPIECE family.
We prioritize building a long-term relationship with each client.Your comfort and value are important to us.
Our managing partner, Kir Tkachuk, maintains communication with all clients.
ceo@masterpiece.realestate
Kir Tkachuk
