Developer · #310 by 12M value
LAPIS Properties
Market bulletin · Thu, 22 Oct 2026
LAPIS Properties: 4 sales worth AED 4.30M in 30 days
LAPIS Properties recorded 4 sales worth AED 4.30M in the 30 days to Thu, 22 Oct 2026, up 100.0% on the previous 30 days. Over the last week 0 sales were registered (AED 0), against 1 the week before.
The median sale over the last three months was AED 765K, or AED 1,420/sqft. Monthly medians over the past year ranged from AED 1,362/sqft to AED 1,672/sqft.
By market over 12 months: developer off-plan sales 98%, off-plan resales 2%.
LAPIS Properties registered 49 sales worth AED 43.8M in 12 months across 1 communities, ranking #310 among Dubai developers by value. Its most active project was Lazord by LAPIS (49 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | AED 1,463 |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | AED 1,362 |
| Dec 25 | AED 1,649 |
| Nov 25 | AED 1,467 |
| Oct 25 | AED 1,672 |
| Sept 25 | AED 1,571 |
| Aug 25 | AED 1,450 |
| Jul 25 | AED 1,498 |
| Jun 25 | AED 1,346 |
| May 25 | AED 1,428 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 3 | 0 | 0 |
| Sept 26 | 2 | 0 | 0 |
| Aug 26 | 1 | 0 | 0 |
| Jul 26 | 1 | 0 | 0 |
| Jun 26 | 3 | 1 | 0 |
| May 26 | 12 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 4 | 0 | 0 |
| Jan 26 | 5 | 0 | 0 |
| Dec 25 | 10 | 0 | 0 |
| Nov 25 | 6 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 4 | up 100.0% | AED 4.30M | — | — |
| Last 3 months | 6 | down 64.7% | AED 5.52M | 1,420 | down 2.8% |
| Last 6 months | 23 | down 11.5% | AED 22.6M | 1,461 | down 3.9% |
| Last 12 months | 49 | down 42.4% | AED 43.8M | 1,466 | up 0.5% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 48 | 98% | AED 685K | 1,463 | down 0.1% |
| Off-plan resale | 1 | 2% | — | — | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 29 | 59% | AED 580K | 1,480 | down 4.0% |
| 1 bedroom | 8 | 16% | AED 1.12M | 1,532 | up 1.9% |
| 2 bedrooms | 12 | 24% | AED 1.47M | 1,364 | up 2.5% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 49 | 100% | AED 690K | 1,466 | up 0.1% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Lazord by LAPISMajan | 49 | 1,420 | — |
Where LAPIS Properties sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Majan | 49 | 1,466 | 100% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.52M | 2 BR Apartment · 1,112 sqftLazord by LAPIS · Majan | 8 Oct |
| AED 1.25M | 2 BR Apartment · 1,116 sqftLazord by LAPIS · Majan | 9 Oct |
| AED 850K | 1 BR Apartment · 799 sqftLazord by LAPIS · Majan | 25 Sept |
| AED 680K | Studio Apartment · 357 sqftLazord by LAPIS · Majan | 8 Oct |
| AED 679K | Studio Apartment · 357 sqftLazord by LAPIS · Majan | 31 Aug |
| AED 545K | Studio Apartment · 370 sqftLazord by LAPIS · Majan | 4 Sept |
Questions about LAPIS Properties
What is the average price per sqft in LAPIS Properties?
The median sale price in LAPIS Properties over the last three months was AED 1,420 per sqft (median sale AED 765K), based on 6 sales registered with Dubai Land Department.
How many properties were sold in LAPIS Properties in the last year?
49 sales worth AED 43.8M were registered in the last 12 months: 98% developer off-plan, 2% off-plan resales and 0% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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