Dubai Lagoon LilyDubai Investments Park
290,000 AEDstarting
674 AED/ft²
Delivery Date: Q3 2020
55%On Sale
Dubai Lagoon Lily
Dubai Investments Park
Studio, 1 - 2 BedsApartment
Launch price
290,000 AED
Booking
-
Booking
Construction
-
Construction
Handover
-
Handover
Local Information
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Description
Dubai Lagoon Lily was an off-plan residential project in Dubai Lagoon, Dubai Investment Park, planned by Xanadu Real Estate Development to feature 688 apartments. Originally part of the larger Dubai Lagoon master development launched by Schon Properties in 2005, the Lily Zone's construction began in January 2009. The project was designed to include studio, one, two, three, and four-bedroom apartments within mid-rise buildings. Xanadu Real Estate Development took over the Lily Zone in 2017, with an estimated handover date of September 2020. However, the Dubai Land Department marked the broader Dubai Lagoon project, including Lily Zone, as "under cancellation" in late 2023 after significant delays. Construction has largely stalled, leaving many investors in uncertainty regarding their investments. The development is situated near the Dubai Investment Park Metro Station and offers access to Sheikh Zayed Road. Nearby educational facilities include Bright Riders School Dubai and The International School of Choueifat DIP.
Price Analysis for Dubai Lagoon Lily
Apartment
Studio
2%
220 units
368 – 906 ft²
No market history available yet
Starting price
290K
674 /ft²
Current price
285K
659 /ft²
Every bedroom
priced differently.
All chartsLaunch curvesLive comparables
Price History for Dubai Lagoon Lily
| Date | Price | Type | Beds | |||
|---|---|---|---|---|---|---|
| 28 Aug 2023 | 300,000 | Apartment | Studio | 435 ft² | — | 690 |
28 Aug 2023
300,000
StudioApartment
435 ft²
—
690
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What's Available for Dubai Lagoon Lily
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FAQ
Dubai Lagoon Lily is situated within the Dubai Investments Park (DIP) master-planned community, a mixed-use development that combines residential, commercial, and industrial zones. The area is a designated freehold zone, allowing expats of any nationality to own property outright.
The building tends to suit investors looking for entry-level price points in a high-demand, mixed-use district. The project has historically seen interest due to its location in Dubai Investments Park, which serves a large workforce and offers proximity to key industrial and commercial hubs.
This development relies on local feeder bus services, such as the F46, F47, and F48, to connect residents to the Dubai Investment Park Metro Station on the Red Line. While the metro station is not within immediate walking distance, these bus routes provide a direct link to the broader Dubai Metro network.
Xanadu Real Estate Development took over the completion of Dubai Lagoon Lily following an intervention by the Dubai Land Department and the Real Estate Regulatory Agency (RERA). This transition was part of a larger effort to address the status of stalled phases within the original Dubai Lagoon master plan.
