Home / Properties / Lamaa Building 2

Lamaa Building 2

Umm Suqeim , Dubai

AED 1,455,000
≈ AED 1,455,000
Free Residency Visa Eligible
Bedrooms
1
Size
734 sqft
Price/Sqft
AED 1,982
Developer

Description

Madinat Jumeirah Living proudly introduces Lamaa 2, an enchanting addition by Meraas nestled just a stone's throw away from the picturesque Dubai shoreline. Here, you have the opportunity to own premium, freehold 1 to 4-bedroom apartments within a vibrant and welcoming community. Set against the backdrop of the iconic Burj Al Arab skyline, this exclusive off-plan development offers all the amenities necessary for a modern and relaxed lifestyle.




Indulge in the seamless blend of luxury and comfort as you reside in one of the most coveted addresses in Dubai. From stylish interiors to state-of-the-art facilities, every aspect of Lamaa 2 in Madinat Jumeirah Living is designed to elevate your living experience. Wake up to breathtaking views of the azure waters of the Arabian Gulf and retreat to the tranquillity of your private sanctuary as the sun sets over the horizon. Whether you seek relaxation or adventure, Lamaa 2 offers an abundance of opportunities to create lasting memories.




In terms of residences within the apartment building, every unit is furnished with ample amenities. Various configurations are offered for each bed-type, all featuring similar conveniences. These units boast generous living spaces, bedrooms with en-suite bathrooms, a well-equipped kitchen and a balcony.




Residents can immerse in the vibrant energy of the city or escape to the serenity of its natural surroundings. They can also experience the essence of urban sophistication and coastal charm as you call Lamaa 2 your home. Here, every moment is infused with the promise of possibility and the allure of a life well-lived. With its idyllic setting and rich cultural tapestry, Madinat Jumeirah Living Lamaa 2 beckons you to make it your home.




With its prime location and unrivalled amenities, Lamaa 2 epitomizes the essence of luxury living in Dubai. It is situated close to Umm Suqeim Street (D63), which links the neighbourhood to the city centre, reachable within a 20-minute drive. Residents can also connect with Sheikh Zayed Road (E11) in a short drive. Souk Madinat Jumeirah, Burj Al Arab and Wild Wadi Water Park are few notable landmarks situated close to the apartment building.

Amenities & Features

Gym or Health Club
Swimming Pool
Kids Play Area

Payment Plan

20%
Down Payment
30%
During Construction
50%
On Handover

Property Details

Property TypeApartment
DeveloperMeraas
ProjectLamaa Building 2
CommunityUmm Suqeim
CompletionOff-Plan - Q1 2026
Parking1 space
CityDubai
FurnishedUnfurnished

Investment Analysis

Acquisition Costs

Property PriceAED 1,455,000
DLD Fee (4%)AED 58,200
Trustee FeeAED 4,200
Agency (2%)AED 29,100
Total InvestmentAED 1,546,500

Expected Annual Returns

Expected Annual RentAED 103,305
Service Charges (Est)-AED 11,010
Net Annual IncomeAED 92,295
Net Annual ROI6.0% (after expenses)
Payback Period16.8 years

How We Calculate These Numbers

The figures above are based on standard Dubai acquisition and income assumptions so you can compare properties consistently.

  • Total Investment = Property price + DLD fee (4%) + Trustee/registration fee + Agency (2% if applicable).
  • Net annual income = Expected annual rent − estimated service charges (e.g. based on AED per sqft).
  • Net ROI = (Net annual income ÷ Total investment) × 100.
  • Payback period = Total investment ÷ Net annual income (years).

Distance from Major Landmarks

Burj Khalifa11.1 km
Dubai Mall11.5 km
Dubai Airport (DXB)22.1 km
Mall of the Emirates1.4 km
Dubai Marina7.7 km
Investment Guide

Complete Dubai Real Estate Investment Guide for International Buyers (FAQ)

Everything you need to know about buying, owning, and investing in the UAE property market.

General Questions About Dubai Real Estate

1. Can foreigners buy property in Dubai?
Yes. Foreigners can buy property in designated freehold areas in Dubai with full ownership rights.
2. Do I need to live in Dubai to buy property?
No. Non-residents can purchase property in Dubai without living in the UAE.
3. Why is Dubai popular for property investment?
Dubai offers tax-free rental income, strong infrastructure, global connectivity, and high rental demand.
4. Is Dubai real estate regulated?
Yes. The market is regulated by the Dubai Land Department and the Real Estate Regulatory Agency.
5. What types of properties can I buy in Dubai?
You can buy apartments, villas, townhouses, penthouses, offices, retail shops, and hotel apartments.
6. Is Dubai a good place for property investment?
Yes. Dubai is considered one of the world’s most attractive real estate investment markets.
7. Can I own multiple properties in Dubai?
Yes. There is no limit on the number of properties a foreign investor can own.
8. Can companies buy property in Dubai?
Yes. Companies registered in the UAE or internationally can purchase property depending on regulations.
9. Can property be inherited in Dubai?
Yes. Property ownership can be transferred to heirs through legal inheritance procedures.
10. Can foreigners sell property in Dubai?
Yes. Foreign investors can sell their property anytime.

Property Ownership Types

11. What is freehold property?
Freehold property gives the buyer full ownership of the property and land.
12. What is leasehold property?
Leasehold property allows ownership for a specific period such as 30 to 99 years.
13. What happens when a leasehold expires?
Ownership usually returns to the landowner unless the lease is renewed.
14. Which is better: freehold or leasehold?
Freehold offers permanent ownership while leasehold is typically more affordable.
15. Can foreigners buy both freehold and leasehold property?
Yes, depending on the area and project.

Buying Property Process

16. What is the first step to buy property in Dubai?
The first step is selecting a property and agreeing on the price with the seller or developer.
17. What is a Memorandum of Understanding (MOU)?
It is a sales agreement signed between the buyer and seller outlining the terms of the transaction.
18. How much deposit is required to buy property?
Usually around 10% of the property value.
19. Where does the property transfer take place?
Property transfer takes place at the Dubai Land Department.
20. How long does the buying process take?
Most transactions take 2–6 weeks depending on documentation.
21. Can property be purchased remotely?
Yes. Buyers can purchase property using Power of Attorney.
22. What documents are required to buy property?
Usually a passport copy, contact information, and signed purchase agreements.
23. Is a lawyer required when buying property?
It is optional but some buyers prefer legal assistance.
24. What happens after buying a property?
You receive the official title deed confirming ownership.
25. What is a title deed?
It is the legal certificate proving property ownership.

Costs & Fees

26. Are there property taxes in Dubai?
No. Dubai does not charge annual property tax.
27. Is rental income taxed in Dubai?
No. Rental income is generally tax-free.
28. Is there capital gains tax?
No. Dubai does not impose capital gains tax on property sales.
29. What government fee is required to buy property?
The main fee is 4% registration fee paid to the Dubai Land Department.
30. What is the real estate agent commission?
Usually around 2% of the property price.
31. Are there maintenance fees?
Yes. Owners must pay annual service charges for building maintenance.

Mortgage & Financing

32. Can foreigners get a mortgage in Dubai?
Yes. Many banks offer mortgages to foreign investors.
33. What percentage of property value can be financed?
Banks typically finance 50%–75% of the property value.
34. What are typical mortgage interest rates?
Mortgage rates usually range between 3.5% and 6% per year.
35. What is mortgage pre-approval?
Pre-approval confirms how much loan amount a buyer qualifies for.
36. What documents are needed for mortgage approval?
Passport, bank statements, income proof, and credit history.
37. How long does mortgage approval take?
Usually 5–10 working days.
38. What is the maximum mortgage term?
Mortgage terms can extend up to 25 years.

Rental Income & Investment Returns

39. Can I rent my property in Dubai?
Yes. Property owners can rent their property to tenants.
40. What rental returns can investors expect?
Dubai properties often generate 5%–8% annual rental yield.
41. Can I generate passive income from property?
Yes. Rental income can provide steady passive income.
42. What is rental yield?
Rental yield measures the annual rental income relative to the property price.
43. Can I rent property short-term?
Yes, depending on licensing and building rules.
44. What is Ejari?
Ejari is the official system used to register tenancy contracts.

Residency & Visa Benefits

45. Can buying property give me residency in the UAE?
Yes. Certain property investments qualify for investor visas.
46. What types of property visas exist?
Common options include 2-year investor visa, 5-year visa, and 10-year Golden Visa.
47. Can property owners live in Dubai?
Yes. Owners can live in their property.
48. Can investors sponsor family members?
Yes, depending on visa eligibility.

Best Areas & Management

49. Which areas are popular for property investment?
Popular areas include Downtown Dubai, Dubai Marina, Business Bay, and Palm Jumeirah.
50. Are waterfront properties popular in Dubai?
Yes. Waterfront locations attract both investors and tenants.
51. Are luxury properties available in Dubai?
Yes. Dubai offers many luxury residential communities.
52. What if I live outside Dubai?
You can hire property management companies to manage tenants and maintenance.
53. Who collects rent if I live abroad?
A property manager can collect rent on your behalf.
54. Can property managers handle maintenance?
Yes. They can manage repairs and tenant communication.

Market Trends & Selling

55. Is Dubai property market growing?
Yes. Dubai continues attracting international investors.
56. Do property prices increase over time?
Many properties experience capital appreciation.
57. What factors affect property value?
Location, amenities, infrastructure, and market demand.
58. Can I sell my property anytime?
Yes. Owners can sell whenever they choose.
59. Are there fees when selling property?
Yes. Transfer and agency fees may apply.
60. How long does it take to sell property?
This depends on market demand and pricing.

Expert Advice

61. Why should I invest in Dubai property?
Dubai offers tax advantages, strong rental demand, and global investor interest.
62. Why should I work with a real estate expert?
A professional agent helps you find the best property, negotiate price, and manage documentation.
63. How can I start investing in Dubai real estate?
You can contact Chetan Chauhan Realtor to explore available opportunities and receive expert guidance.