Iluka Residences

This 4-bedroom apartment at Iluka Residences offers 2,110 sq ft in Dubai Islands, priced from AED 5,279,184 (about AED 2,502 per sq ft), with handover expected in Q4 2026.

Iluka Residences is an off-plan residential building by MS Homes on Dubai Islands. The Dubai Land Department lists it as Iluka Residences, project 3042, registered in June 2024 to Ms Homes Developers L.L.C, with 57 homes: 10 one-bedroom, 23 two-bedroom, 21 three-bedroom and 3 four-bedroom units. DLD shows the building as 36% complete.

Amenities listed by the developer include kids' play area.

DLD lists only 3 four-bedroom homes in the building, so ask us whether one is still available.

Our feed lists a 60/40 payment plan. Contact us for the full payment schedule.

How does the price compare with Dubai Islands? Homes sold on Dubai Islands had a median of AED 2,809 per sq ft from 1 January to 7 October 2026 (Dubai Land Department, 3,309 sales, almost all off-plan). At about AED 2,502 per sq ft, this unit is around 11% below that median.

What rental yield can investors expect on Dubai Islands? The first completed buildings are only now being let. Ten rent contracts were registered this year at a median of AED 130,000 a year, an early gross yield of about 3.5% before service charges (Dubai Land Department). With so few contracts, treat this as an early signal rather than a market rate.

When will Iluka Residences be completed? Our feed lists handover in Q4 2026.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.