Luxury Family Residence II, Business Bay: sale prices and transactions
Luxury Family Residence II is a project registered with the Dubai Land Department (project no. 2448) in Business Bay. Since January 2023, 233 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 22 sales closed at a median AED 24,296 per m² (AED 2,257 per sq ft).
- AED 24,296median price per m²
- AED 2,257median price per sq ft
- 233sales since 2023
- 22sales in 12 months
- -17.5%change year on year
Its price per m² is 4.8% below the Business Bay median (AED 25,523/m²). Most sales (88.4%) were registered off-plan: the project was sold before completion.
Luxury Family Residence II prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 9 | AED 1,006,468 | 42 m² |
| Apartment · 1 bedroom | 10 | AED 1,390,666 | 58 m² |
| Apartment · 2 bedrooms | 3 | AED 2,000,000 | 80 m² |
Luxury Family Residence II price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2023 | 157 | AED 27,711 | AED 2,574 | — |
| 2024 | 37 | AED 26,468 | AED 2,459 | -4.5% |
| 2025 | 30 | AED 27,000 | AED 2,508 | +2% |
| 2026 (to mid-October) | 9 | AED 24,223 | AED 2,250 | -10.3% |
Luxury Family Residence II rents
122 Ejari contracts started in the project over the last 12 months. Indicative gross yield: 1 bedroom 6.8%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 50 | AED 73,000 | 60,000 – 79,679 | AED 73,000 |
| Apartment · 1 bedroom | 61 | AED 95,000 | 80,000 – 110,000 | AED 95,000 |
| Apartment · 2 bedrooms | 11 | AED 128,000 | 120,000 – 150,000 | AED 126,500 |
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Business Bay
Same price per m² elsewhere in Dubai
- Serenz by Danube, Jumeirah Village Circle — AED 24,294/m²
- Emerge Residences, Meydan Racecourse Community — AED 24,304/m²
- Grand Polo - Equiterra, Dubai Investment Park Second — AED 24,265/m²
- Acacia at Park Heights, Dubai Hills Estate — AED 24,326/m²
Other projects in Business Bay
- West FIVE Business Bay Residences — AED 24,530/m²
- Prive by DAMAC — AED 23,982/m²
- Urban Life — AED 23,965/m²
- Sol Bay — AED 23,830/m²
- Trillionaire Residences by Binghatti — AED 24,826/m²
- MAG 318 — AED 24,938/m²
- Ahad Residences — AED 24,968/m²
- Chic Tower — AED 23,559/m²
Business Bay property prices · Business Bay rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Luxury Family Residence II?
Over the last 12 months the median is AED 2,257 per sq ft (AED 24,296 per m²) across 22 DLD sales.
How much is a studio at Luxury Family Residence II?
Median sale price AED 1,006,468 for a median 42 m², across 9 sales over the last 12 months.
How many sales have been registered at Luxury Family Residence II?
233 residential sales registered with the DLD between January 2023 and September 2026, 88.4% of them off-plan.
Where is Luxury Family Residence II?
In Business Bay, Dubai; nearest metro station per the DLD: Business Bay Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.