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About Iluka Residences
Location Dubai
Project status New project
Distance to the sea 200 m
Developer MS Homes Developers
Type of property Development
Payment plan 60 / 40
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Iluka in Dubai
Iluka at Dubai Islands is a residential project by MS Homes Development located on Marina Boulevard. The development consists of 57 apartments in a G+2P+8F structure, which includes a ground floor, two podiums, and eight residential levels. Residents can enjoy access to a private swimming pool, spa services, a state-of-the-art fitness centre, an exhibition space, a children's play area, and landscaped parks.
The eight-floor residential building is near key tourist spots in Dubai and the international airport. At Iluka, prices from the developer start at AED 1.9 million (USD 504,000), and the project will be ready for occupancy in the third quarter of 2026.
Off-plan property in Iluka for investment
The new project is in one of the most promising areas of the Emirates, known as the Dubai Islands. These islands are actively developing and being built up with various types of objects. As the islands develop, the property will increase in value.
New projects are forecast to increase in value by up to 30% by the time of completion.
Iluka Residences is also close to Downtown Dubai and significant locations such as Burj Khalifa and Dubai Frame, which is a considerable advantage. Dubai Creek Harbour waterfront is about half an hour away.
Annual rental yields for flats in central locations and near major tourist attractions range from six to eight percent.
In the first half of 2024, residential property in Dubai increased in price by 20.43%. The main reason for the price rise was the increasing demand from international buyers.
Investing in off-plan properties for sale in Iluka has essential benefits, such as a favourable tax policy, which means there are no property taxes, capital gains taxes on sale, and taxes on rental income. Investors can also obtain residency status when purchasing an object.
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Layouts Iluka Residences
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2D
| Living space | 74.7m² |
| Bathrooms | 1 |
| Bedrooms | 1 |
| Min. price | 1 849 936 AED |
2D
| Living space | 108.8m² |
| Bathrooms | 1 |
| Bedrooms | 1 |
| Min. price | 2 092 368 AED |
1
out of
22D
| Living space | 188.8m² |
| Bathrooms | 2 |
| Bedrooms | 2 |
| Min. price | 2 637 019 AED |
2D
| Living space | 103.3m² |
| Bathrooms | 2 |
| Bedrooms | 2 |
| Min. price | 2 447 038 AED |
1
out of
22D
| Living space | 141.8m² |
| Bathrooms | 3 |
| Bedrooms | 3 |
| Min. price | 3 511 479 AED |
1
out of
1Get all floor plans
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Comparison of parameters and prices in Iluka Residences
Layouts
Bedrooms
Type of property
Living space
Price
2 bedrooms
2 637 019 AED
2 bedrooms
Apartment
188.8 m²
2 637 019 AED
1 bedroom
1 849 936 AED
1 bedroom
Apartment
74.7 m²
1 849 936 AED
3 bedrooms
3 511 479 AED
3 bedrooms
Apartment
141.8 m²
3 511 479 AED
2 bedrooms
2 447 038 AED
2 bedrooms
Apartment
103.3 m²
2 447 038 AED
1 bedroom
2 092 368 AED
1 bedroom
Apartment
108.8 m²
2 092 368 AED
Comparison of parameters
Payment plan
Installment Plan
Fase
Payment (%)
First payment10%
On Booking
10%
DLD Fee4%
Fee
4%
Second installment10%
Within 1 month from booking On SPA
10%
Third installment10%
Within 4 months from booking date
10%
4th - 9th installments30%
Within 10 months from booking date
30%
Last installment40%
On Handover
40%
Consultation with an expert
We will help you with your choice at any time, we are online 24/7. You will receive complete information about the
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Uniqueness
Iluka by MS Homes
Iluka in the UAE has a convenient location with quick access to all major city points. Dubai International Airport can be reached in 20 minutes. Downtown Dubai and Dubai Mall are a 30-minute drive away. The lively beaches of Jumeirah are also half an hour's drive away. Deira Island Beach Park and Arb Yachts boat hire is seven minutes by car. One of the city's top attractions, the Dubai Frame, a unique architectural structure 150 metres high, can be reached in 20 minutes.
Apartments in Iluka
The complex offers apartments ranging from one to four bedrooms and 75 to 272 square metres. The flats in Iluka are equipped with high-quality sanitaryware, a fully fitted modern kitchen, and large panoramic windows. The apartments for sale in Iluka have high-quality finishes and exquisite colour schemes.
First-class amenities include a fitness studio with a sauna and steam room, a steam bath, a unique yoga area, a cinema, and a game complex that offers various entertainment options for any age group. The residential complex also provides a special kid’s play area, water features, an outdoor terrace, and a covered barbecue area.
Map
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Shopping Centre Souk 1.7 km -
NBD Branch 6.5 km -
Al Shindagha Historic District 8.6 km -
Dubai Hospital
Places nearby
Dubai Islands
Dubai Islands
Dubai Islands is a residential cluster located in the Deira neighbourhood. It consists of five artificial islands, with the main attraction being the Deira Mall. The archipelago is now undergoing active development. Soon, there will be modern residential buildings, hotels with premium-class amenities, various recreation areas, an urban forest, and shopping centres. This area is valued for its unique atmosphere, picturesque views, clean beaches, and quiet harbours.
FAQ
When will the Iluka residential project be ready for occupancy?
The project will be ready for occupancy in the third quarter of 2026.
Who is building Iluka?
MS Homes construction company.
Where is Iluka located?
The complex is located in the Dubai Islands.
What types of apartments are offered in Iluka?
The complex offers apartments (including two bedrooms) and penthouses with one to four bedrooms, with an area of 75 to 272 square metres. The following types of units are available for purchase:
- One-bedroom apartments
- Two-bedroom apartments
- Three-bedroom apartments
- Four-bedroom apartments
What payment options are available to property buyers in Iluka?
Customers can avail of an interest-free instalment payment plan with a down payment of 10%.
Can a foreigner buy a flat in Iluka?
Foreigners can take personal ownership of property in this project.
Is it profitable to invest in Iluka?
The complex is located near Dubai's main significant sites, making the project suitable for short- and long-term rentals to tourists with a yield of up to eight percent.
Can I get residency status when buying real estate in Iluka?
Foreign nationals can get a two-year visa when buying a property worth AED 750,000 (about USD 205,000) or more.
Would Iluka be a good place to live in Dubai?
The complex offers spacious apartments with premium services. Its prime location provides both convenience and a tranquil living environment.
What are the benefits of exceptional living in Dubai Islands?
Substantial infrastructure is being developed here to guarantee a comfortable lifestyle, including shopping and entertainment centres, boutiques, and luxury hotels. Prestigious schools and highly rated medical clinics are located nearby.
Developer MS Homes Developers
9
Total
0
Completed projects
9
Ongoing projects
MS Homes Dubai is a UAE-based construction company focused on premium property development. The developer creates residential projects that meet the highest quality, comfort, reliability, and aesthetics standards. The company implements the latest technologies and construction methods and offers competitively priced properties for purchase, attracting the attention of global investors.
Contact us
Mia Moss
Property expert