When will Lua Residences be completed?

The completion date registered with the Dubai Land Department is March 2026. At the pace of its recent inspections the site would reach 100% around January 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Lua Residences is built?

64%, measured at the Land Department site inspection on 22 September 2026. The Land Department engineers have inspected the site 7 times since March 2024.

Is Lua Residences delayed?

Yes. Its registered completion date of March 2026 has passed and the Land Department still lists it as under construction.

Who is building Lua Residences?

The registered developer is Swank Real Estate Development. It has 1 other project under construction in Dubai.

Which bank holds the escrow account for Lua Residences?

Emirates Islamic Bank. 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.

Lua Residences construction progress

Lua Residences in Mohammed Bin Rashid Al Maktoum District 11 is 64% built at the Land Department inspection of September 2026. Developer Swank Real Estate Development. Completion registered for March 2026.

64%

Built, at the Land Department site inspection of 22 September 2026

6 months past its registered completion date

Completion date (Land Department): March 2026
Finish at recent pace: January 2028
Construction started: May 2024
Registered with the Land Department: May 2024
Developer: Swank Real Estate Development
Community: Mohammed Bin Rashid Al Maktoum District 11
Units: 37
Escrow bank: Emirates Islamic Bank
Name in Arabic: مساكن لوا
Land Department project number: 2974
Land Department site inspections: 7

Schedule

Lua Residences was registered to complete in March 2026, 6 months ago, and is still under construction. Over the last year of inspections it has added about 2.2 points a month. Kept at that rate, the site would reach 100% around January 2028.

Progress at each Land Department site inspectionStraight line from start to the Land Department completion date

Site inspections

22 September 2026

64%+9.2 pts

16 June 2026

55%+12 pts

3 December 2025

43%+12 pts

19 June 2025

31%+12 pts

16 April 2025

19%+14 pts

21 December 2024

5.3%+5.3 pts

11 March 2024

All 47 site photos, by inspection date

Context

Mohammed Bin Rashid Al Maktoum District 11 has 27 projects under construction, 26% built on average.

Swank Real Estate Development has 2 projects under construction in Dubai; 1 has passed its registered completion date.

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Questions

When will Lua Residences be completed?: The completion date registered with the Dubai Land Department is March 2026. At the pace of its recent inspections the site would reach 100% around January 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Lua Residences is built?: 64%, measured at the Land Department site inspection on 22 September 2026. The Land Department engineers have inspected the site 7 times since March 2024.
Is Lua Residences delayed?: Yes. Its registered completion date of March 2026 has passed and the Land Department still lists it as under construction.
Who is building Lua Residences?: The registered developer is Swank Real Estate Development. It has 1 other project under construction in Dubai.
Which bank holds the escrow account for Lua Residences?: Emirates Islamic Bank. 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.

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.