Where is Lume Residences located?+
Lume Residences is in JVC (Jumeirah Village Circle), Dubai, Dubai.
When does Lume Residences hand over?+
The developer has scheduled handover for Jun 2027. Off-plan handover dates move. We track the DLD construction reports on this project and will tell you if it slips.
Who is the developer of Lume Residences?+
Lume Residences is developed by S and S. Before you commit to any off-plan purchase we will look at that developer's actual delivery record rather than their brochure.
How much do homes at Lume Residences cost?+
Current guidance is From AED 703K. For context, JVC (Jumeirah Village Circle) recorded 16,505 registered sales in the last twelve months at a median of AED 1.03M. Launch pricing changes by release, so ask us for the live price list and availability rather than working from a published figure.
What types of home does Lume Residences have?+
Studio to 2 bedroom apartmentss. Floor plans and the unit mix per release come from the developer, and we can send you the current set with what is still available.
Is JVC (Jumeirah Village Circle) a good area to invest in?+
On the numbers, JVC (Jumeirah Village Circle) is an active market: 16,505 sales registered with the DLD in the last twelve months at a median of AED 1,502 per square foot. Volume that high means you can sell again when you want to, which matters more than a headline yield. Whether it suits you depends on whether you want income or capital growth, and we will pull the rental performance for the specific unit type you are considering.
Can foreigners buy at Lume Residences?+
Any nationality can buy freehold in Dubai's designated freehold areas, with no residency visa or UAE bank account required, and you can complete from overseas by Power of Attorney. A purchase at or above AED 2 million can also qualify you for the 10 year Golden Visa. We confirm the ownership type on this specific project in writing before you pay anything.
What is the payment plan on Lume Residences?+
Payment plans on off-plan are set by the developer per release and change between phases, so any plan published on a third party site is likely out of date. Your payments go into a RERA-regulated escrow account tied to this project rather than to the developer directly. Ask us for the current schedule, including whether there is a post-handover element.