Luxury Family Residence Iii construction progress
Luxury Family Residence Iii in Business Bay is 51% built at the Land Department inspection of May 2026. Developer Kappa Acca Real Estate Development. Completion registered for June 2025.
51%
Built, at the Land Department site inspection of 7 May 2026
15 months past its registered completion date
- Completion date (Land Department)
- June 2025
- Finish at recent pace
- December 2030
- Construction started
- June 2022
- Registered with the Land Department
- January 2023
- Developer
- Kappa Acca Real Estate Development
- Community
- Business Bay
- Units
- 72
- Escrow bank
- Al Masraf
- Name in Arabic
- Iii لوكجري فاميلي ريزيدنس
- Land Department project number
- 2477
- Land Department site inspections
- 7
Schedule
Luxury Family Residence Iii was registered to complete in June 2025, 15 months ago, and is still under construction. Over the last year of inspections it has added about 0.9 points a month. Kept at that rate, the site would reach 100% around December 2030.
Site inspections
7 May 2026
51%+4.8 pts
24 November 2025
46%+5.4 pts
19 March 2025
40%+4.0 pts
2 October 2024
36%+6.2 pts
15 February 2024
30%+7.5 pts
16 August 2023
23%+19 pts
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10 October 2022
4.1%
Context
Business Bay has 43 projects under construction, 35% built on average.
Kappa Acca Real Estate Development has 2 projects under construction in Dubai; 2 have passed their registered completion date.
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Notify me when it launchesQuestions
- When will Luxury Family Residence Iii be completed?
- The completion date registered with the Dubai Land Department is June 2025. At the pace of its recent inspections the site would reach 100% around December 2030. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Luxury Family Residence Iii is built?
- 51%, measured at the Land Department site inspection on 7 May 2026. The Land Department engineers have inspected the site 7 times since October 2022.
- Is Luxury Family Residence Iii delayed?
- Yes. Its registered completion date of June 2025 has passed and the Land Department still lists it as under construction.
- Who is building Luxury Family Residence Iii?
- The registered developer is Kappa Acca Real Estate Development. It has 1 other project under construction in Dubai.
- Which bank holds the escrow account for Luxury Family Residence Iii?
- Al Masraf. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Luxury Family ResidenceAlso by Kappa Acca Real Estate Development. 76%, Due December 2023, passed.
- Burj PacificNearby in Business Bay. 99%, Due January 2023, passed.
- 77sNearby in Business Bay. 14%, Due December 2028.
- West Bay TowerNearby in Business Bay. 83%, Due February 2024, passed.
- Aykon City 3Nearby in Business Bay. 31%, Due December 2027.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.