Luce Apartments Palm Jumeirah Dubai

Luce (LUCE by Taraf) is a nine-storey building of 36 residences on the East Crescent of Palm Jumeirah, Dubai, by Taraf Holding, the property arm of Abu Dhabi's Yas Holding. The source listing shows it from AED 7.0 M, about Rs 18.02 crore at Rs 25.75 per dirham, for a 2 bedroom apartment, with possession in January 2026. The building has 2 to 4 bedroom apartments, a 4 bedroom penthouse and a 4 bedroom duplex.

Two facts shape this page. Luce was Taraf's first project and sold out within hours of launch, so what the source listing shows is either the developer's last allocation or a resale from an early buyer. And the handover date on record, Q4 2025, has passed without any source we checked confirming delivery. On the Palm, an unconfirmed handover from a developer founded in 2022 is the first thing to resolve.

At a glance

Price and unit pricing

At about AED 3,840 per sq ft the entry unit sits inside the Palm Jumeirah prime apartment band of AED 2,800 to 4,500 per sq ft (2026 guides) and above the island average of about AED 3,100 (Q1 2026). That is what a new, 36-unit building on the East Crescent costs; the Crescent side has the hotels and the open-sea views, and small buildings there carry a premium over the trunk towers. Because Luce sold out at launch, any unit offered now carries the seller's mark-up on a 2023 launch price; ask for the DLD transaction record of the specific unit, which will show what the first buyer paid.

For beachfront that is not on the Palm, Meraas's Sur La Mer at Port de La Mer in Jumeirah 1 is a 147-townhouse enclave completed in 2021 and sold out by the developer, with resales from about AED 4.65 M.

Payment plan and total cost

The launch plan was 10 per cent on booking, 50 per cent during construction and 40 per cent on handover. If the building is complete when you buy, the plan is over and you pay at transfer or with a UAE mortgage; on a resale the seller will want the balance they have paid the developer plus their premium. Worked on the listed price as a completed purchase:

Service charges on the Palm run AED 11 to 15 per sq ft a year for standard apartments and AED 20 to 30 or more for branded and luxury buildings; Luce, a 36-unit design-led building, will be in the upper band, so budget about AED 36,000 to 55,000 a year on the 2 bedroom. Final figures as per the SPA or sale agreement.

Location and connectivity

The East Crescent is the outer ring of Palm Jumeirah, reached by the tunnel from the trunk. Atlantis The Palm and the Crescent hotels are neighbours; Nakheel Mall and the Palm Monorail are on the trunk about 10 minutes away; Dubai Marina is about 15 minutes, Mall of the Emirates 20 minutes, Downtown 30 minutes and Dubai International Airport 35 to 40 minutes. The monorail links to the Red Line at the Palm Gateway. The Crescent is quieter than the trunk and further from shops, which is the trade for the sea view.

Amenities and specifications

Luce is marketed as nature-inspired with beach access, pools, a gym and landscaped terraces. Interior specification, appliance brands and parking are not published in the sources we saw; at this price they belong in the SPA annex. If you are buying a completed unit, inspect it. Final specification as per the SPA.

About the developer

Taraf Holding was established in 2022 as the real estate division of Yas Holding, an Abu Dhabi investment group with about 50 subsidiaries. It positions itself as a boutique, design-led developer with five projects in Dubai and one in Abu Dhabi, including W Residences in Abu Dhabi and Karl Lagerfeld-branded villas in Meydan, and describes Luce, its first project, as selling out within hours. What we could not find is a completed Taraf handover: Luce was due to be the first. Yas Holding's backing is real, and so is the absence of a delivery record.

For overseas buyers

Any nationality. Dubai's designated freehold areas are open to buyers of every nationality, resident or not: no local partner, no residence visa needed in order to buy, and the Land Department issues the title deed in your own name. On the AED 7.00 million entry price the 4% Dubai Land Department transfer fee is about AED 280,000 (USD 76,200), and registration, trustee and agency charges take the all-in cost to roughly 6% to 7% over the price. UAE banks lend non-residents about 50% to 60% of the price, which is why the developer payment plan above carries most overseas purchases. The paragraphs below work the numbers for an Indian buyer, the largest single group buying in Dubai, but the ownership, visa and yield rules are the same whatever passport you hold.

Ownership. Palm Jumeirah is freehold; a foreign national holds the title deed outright.

Remittance. At about AED 7.4 million all-in, this is roughly eight years of one person's USD 250,000 per financial year LRS limit (about AED 918,000). It is not a realistic LRS purchase. Buyers are non-resident Indians with overseas income or families with funds already abroad. Take Indian tax advice on source of funds and Schedule FA disclosure before booking.

Golden Visa. Every unit is more than three times the AED 2 million threshold; the 10-year visa follows the deed.

Yield and tax. No property or rental income tax in Dubai. Palm Jumeirah apartments return about 4.5 to 6.8 per cent gross in 2026 guides; a AED 7 million 2 bedroom in a small Crescent building will be at the lower end, 4 to 5 per cent gross and 3 to 4 per cent net after a luxury service charge. Rent is taxable in India for a tax resident after the 30 per cent standard deduction.

Exit. Palm apartments are the most liquid prime stock in Dubai, and 36 units in a sold-out building means few competing sellers. The exit risk is the developer record: a completed, well-finished Luce will resell on the Palm's strength; a delayed one will not.

Pros

• 36 units on the East Crescent of Palm Jumeirah, with Yas Holding behind the developer
• Entry rate inside the Palm prime band at about AED 3,840 per sq ft
• Sold out at launch, so scarcity is real
• Golden Visa automatic at this price
• Palm apartments are Dubai's most liquid prime resale market

Cons

• Q4 2025 handover has passed with no confirmation of delivery in any source
• Developer established 2022 with no completed handover we could find
• 3 and 4 bedroom prices not published
• Not a realistic LRS purchase; yield of 4 to 5 per cent gross at best
• No DLD project number found; service charges likely AED 20 to 30 per sq ft

Who this is for

• Non-resident Indian buyers who want a Palm Jumeirah home in a small building rather than a trunk tower
• Buyers who value the East Crescent's sea views and quiet over shops within walking distance
• Long-term holders who want the Golden Visa

Who should look elsewhere

• Buyers funding from India under LRS
• Anyone who will not buy from a developer without a completed building
• Yield investors

Our verdict

Luce is a well-located small building at a fair Palm rate from a well-backed but unproven developer, and its handover is overdue on paper. Confirm the completion certificate and the DLD record first; if the building is finished, a 2 bedroom at AED 7 million is a sound Palm purchase for a holder. Compare it with Palm Beach Towers at the Palm's entrance and Jumeirah Asora Bay on the mainland coast, both on our Dubai section, or browse all projects.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Luce on Palm Jumeirah?

The source listing shows it from AED 7.0 M, about Rs 18.02 crore, for a 1,825 sq ft 2 bedroom. 3 and 4 bedroom, penthouse and duplex prices are not published.

What is the payment plan?

10 per cent on booking, 50 per cent during construction, 40 per cent on handover at launch. If the building is complete, you pay at transfer. Add the 4 per cent DLD fee of AED 280,000.

When is handover?

Q4 2025 on record and January 2026 on the source listing. No source confirms delivery as of September 2026; ask for the completion certificate.

Is Luce registered with RERA?

It was sold off-plan in Dubai and must be DLD-registered with an escrow account. No source prints the project number; verify on the Dubai REST app.

Does it qualify for the Golden Visa?

Yes. Every unit is well above the AED 2 million threshold.

What are the service charges?

Not published. Luxury Palm buildings run AED 20 to 30 or more per sq ft a year, so budget AED 36,000 to 55,000 a year on the 2 bedroom.

What rental yield can I expect?

About 4 to 5 per cent gross and 3 to 4 per cent net; Palm apartments average 4.5 to 6.8 per cent gross in 2026 guides.

Can a foreign national buy, and how do Indian buyers fund it?

Not realistically. LRS (the Reserve Bank of India's Liberalised Remittance Scheme) allows USD 250,000 per person per year, about AED 918,000, against a total near AED 7.4 million. Buyers of any other nationality can own on the same terms: Dubai's designated freehold areas are open to all nationalities, there is no residency requirement and no local partner, and the Land Department issues the title deed in your own name.

What has Taraf delivered?

No completed handover was found in the sources checked. Taraf was established in 2022 by Yas Holding; Luce was its first project and is due to be its first delivery.

Talk to Realty Hunting for the completion status, the DLD record on a specific unit and a viewing of Luce.