Developer benchmark · July 2026

Lapis off-plan projects: AED 1,976/sqft

Lapis has 3 off-plan projects in our July 2026 dataset across 2 communities (most in Majan, RAK Central).

Across 103 priced unit records the median asking price is AED 1,976 per sqft (2% below the Dubai-wide off-plan median), with the middle half between AED 1,894 and AED 2,032.

The median unit is AED 2.25M for 1,141 sqft.

Lapis payment plans typically ask 20% on booking and 74% before handover; 29% include post-handover instalments.

#154 of 391 developers by projects#79 of 208 by AED/sqft3 projects103 priced unitsDubai 2 · Ras Al Khaimah 1

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Median AED/sqft

1,976

p25 1,894 to p75 2,032

Median asking price

AED 2.25M

for a median 1,141 sqft unit, in the AED 2M to 3M band

Paid before handover

74%

median of 7 payment plans

Communities

Majan, RAK Central

0 of 6 measures have the evidence to publish

Scorecard

3 off-plan, 0 on record as delivered

Completions on record

none in this corpus

Live off-plan

2 communities, 103 priced units

Price against neighbours

not measured

needs 5 comparable projects

Payment plan discount

not measured

needs 5 priced schedules

Measure	This developer	Base	What it says, and does not
Completions on record	0	3 off-plan	No completed building by this name appears in the corpus. That is not the same as never having delivered: see the note below.

Not measured here: share past stated handover; price against neighbours; payment plan discount; community footprint; listing completeness. Each of those needs a base this developer does not reach in the corpus, and a thin number is worse than none.

The scorecard does not measure whether Lapis hands over on time. Every project in this corpus carries one handover date, the date its listing stated when we read it. There is no separately recorded original announced date and no earlier reading of the same project to compare against, so no on-time rate can be computed, and we publish none rather than a proxy. The completions column is also bounded by what the corpus can see: 1,034 of the 1,087 delivered buildings on record handed over in 2020 or later (96%), and the corpus only sees projects that were listed on the portals we read, so an absent completion is an absence of evidence rather than evidence of absence. Full definitions, queries and limitations: methodology.

Distribution of asking price per sqft

Where the prices sit

103 units, 2nd to 98th percentile

Min

1,774

p25

1,894

Median

1,976

Mean

1,991

p75

2,032

Max

2,356

99 of the 103 records are individual units with a listed price and size; the rest are unit-type starting prices. See methodology.

Price, size and AED/sqft

By bedroom count

Type	Units	Median AED/sqft	p25 to p75	Median price	Median size	Entry (p25 price)
Studio	10	2,254	2,053 to 2,304	AED 1,280,027	555 sqft	AED 1,251,977
1 BR	22	2,004	1,957 to 2,027	AED 1,575,423	794 sqft	AED 1,551,350
2 BR	62	1,944	1,880 to 1,993	AED 2,750,633	1,495 sqft	AED 2,210,248
3 BR	9	1,938	1,837 to 2,263	AED 8,683,029	4,837 sqft	AED 5,150,334

By property type (median AED/sqft): Apartment 1,970 (97), Penthouse 2,254 (6).

From 7 published plans

Payment plan norms

Median Lapis structure

20%

11%

Dubai-wide median structure

20%

40%

30%

On bookingDuring constructionOn handoverPost-handover

Medians are computed stage by stage, so bars may not sum to exactly 100. Plans with a stated total outside 90 to 110% are excluded.

On booking

20%

range 20% to 65%

Before handover

74%

range 40% to 94%

Post-handover plans

29%

median 26% after keys

50% or less pre-handover

43%

share of plans

Scheduled handovers by quarter

Delivery pipeline

Q4 '26

Q4 '28

By year: 2026 (2), 2028 (1). Construction status: under construction 3.

2 communities

Where Lapis builds

Majan 2 RAK Central 1

3 tracked

Every Lapis off-plan project

Open in the index

Project	Community	Type	From	Median AED/sqft	Pre-handover	Handover	Status
Azure by Lapis	RAK Central	Apartment, Duplex, Penthouse	AED 1.25M	1,970	50%	Q4 2028	On sale
Lazord by Lapis	Majan	Apartment	AED 763K	2,017	74%	Q4 2026	Booking Started
Lazord by Lapis Phases 1 and 2	Majan		AED 1.57M	2,052	30%	Q4 2026	On sale

Project facts (name, community, starting price, handover, payment plan) are as published by the developer. Median AED/sqft is our computation over that project's priced units.

Compare on AED/sqft

Developers at a similar price point

Developer	Projects	Priced units	Median AED/sqft	vs Lapis	Pre-handover
AYS	7	71	1,977	+0%	60%
Imtiaz	41	171	1,975	0%	60%
DHG	4	35	1,978	+0%	50%
Dugasta	8	324	1,974	0%	40%
RAK	22	271	1,972	0%	50%
Hirat	1	89	1,981	+0%	40%

FAQ

Questions this data answers

What is Lapis's average off-plan price per sqft?+

Across 103 priced units in 3 Lapis projects (July 2026), the median asking price is AED 1,976 per sqft, with the middle half between AED 1,894 and AED 2,032.

Where is Lapis building off-plan?+

Lapis has projects in 2 communities. The largest concentrations are Majan (2), RAK Central (1).

What payment plan does Lapis usually offer?+

Across 7 published Lapis payment plans the median structure is 20% on booking, 11% during construction and 11% on handover, so 74% before keys. 29% of plans include post-handover instalments.

When are Lapis's off-plan projects handing over?+

Scheduled handovers by year: 2026: 2, 2028: 1. Dates are as published by the developer and can move.

How much does a Lapis off-plan unit cost?+

Studio: median AED 1,280,027 for 555 sqft; 1 BR: median AED 1,575,423 for 794 sqft; 2 BR: median AED 2,750,633 for 1,495 sqft; 3 BR: median AED 8,683,029 for 4,837 sqft.

The notes behind the numbers on this page