Iluka Residences
Iluka Residences Offered by Buy Dubai Off-Plan
Iluka Residences

Iluka Residences

by MS Homes in Dubai Islands View on map Handover soon

Starting price
AED 1,700,000
Payment plan
20/60/20
Handover
Q3 2026

≈ € 408,000

Project details

Starting price AED 1,700,000 ≈ € 408,000 What will my monthly payments be?
Payment plan 20/60/20
Handover Q3 2026 Handover soon
Bedrooms 1234
Property type
Apartment
Floor area
78 to 182 m²
Developer
MS Homes
Location
Dubai Islands

About Iluka Residences

  • Luxury apartments with private swimming pools in an exclusive location

  • Excellent location near Dubai International Airport and Downtown Dubai

  • Modern amenities including a fitness studio, sauna, cinema, and children’s play area

  • Flexible payment plan with only a 20% down payment

  • Expected completion in the third quarter of 2026

Iluka Residences at Dubai Islands: Luxury apartments by MS Homes

Iluka Residences is a prestigious new development on the Dubai Islands, developed by MS Homes. This elegant apartment complex comprises eleven storeys and offers a refined lifestyle in one of Dubai’s most sought-after locations. The project consists of 57 luxury apartments, ranging from one to four bedrooms, with areas between 77.76 and 182.28 m². The residences are designed with meticulous attention to detail, focusing on space and natural light. Modern kitchens, high-quality finishes, and large windows with breathtaking views of the Dubai skyline make this project particularly attractive. The location on Marina Boulevard in Deira provides excellent connections to key landmarks and transport hubs. Furthermore, the complex offers a wide range of amenities, such as an infinity pool, fitness room, sauna, and even a cinema. The payment plan is structured favourably, with only a 20% down payment and the remainder spread over the construction period and upon completion. This makes Iluka Residences an excellent choice for both investors and future residents.

Residences and Types

Iluka Residences offers a diverse selection of apartments, suitable for various lifestyles and needs. The one and two-bedroom apartments are ideal for singles or young couples, while the three and four-bedroom apartments are perfect for families. All residences feature a private swimming pool, adding a unique luxury to the living comfort. The areas range from 77.76 m² for the smaller units to 182.28 m² for the more spacious apartments. The layout is cleverly designed to offer maximum functionality, with open kitchens, generous living areas, and spacious bedrooms. The bathrooms are fitted with high-quality materials and modern sanitaryware. Large windows not only provide an abundance of natural light but also offer stunning views of the surroundings. The kitchens are fully equipped with high-quality appliances and meet the demands of the most discerning residents. In short, Iluka Residences combines style, comfort, and functionality in a unique living concept.

About the developer MS Homes and the Iluka Residences design

The Iluka Residences complex consists of a ground floor, two podium levels, and eight residential floors, resulting in a total of eleven storeys. The design is modern and sleek, with attention to aesthetics and sustainability. MS Homes, the developer behind this project, is renowned for its high-quality real estate projects in Dubai. They have built a reputation for reliability and quality, which is reflected in the finish of Iluka Residences. The building features a wide range of communal amenities, including a fitness studio with a sauna and steam cabin, a yoga zone, and a cinema. Additionally, there is a children’s play area, an urban forest, and a covered barbecue area for social gatherings. The infinity pool on the rooftop offers a spectacular view of the horizon and is the centrepiece of the complex. MS Homes has ensured that every detail is tailored to luxury and comfort, making Iluka Residences an excellent investment.

Prime location in Dubai Islands near key Dubai destinations

Iluka Residences is located on Marina Boulevard in Deira, one of Dubai’s most vibrant and well-connected areas. The location offers excellent access to key landmarks and transport hubs. Dubai International Airport is just an 18-minute drive away, which is ideal for frequent travellers. The bustling Downtown Dubai and the world-famous Dubai Mall are reachable within 20 minutes. For nature lovers, the Ras Al Khor Wildlife Sanctuary is 25 minutes away, while the beaches of Jumeirah and the iconic Dubai Frame are both an 18-minute drive. Dubai Creek Harbour, with its beautiful waterfront, is slightly further but still easily accessible within 31 minutes. The surroundings of Iluka Residences offer a perfect mix of tranquillity and vibrancy, with numerous restaurants, shops, and entertainment options nearby. This makes it an ideal place to live, work, and relax.

Flexible payment plan for Iluka Residences apartments

The payment plan for Iluka Residences is structured to be flexible and investor-friendly. It requires a 20% down payment, followed by 60% paid in six quarterly instalments during the construction phase. The remaining 20% is due upon the project’s completion, which is scheduled for the third quarter of 2026. This staged payment plan offers financial flexibility and allows the investment to be made in phases. The payment plan is transparent and free of hidden costs, making it a secure and attractive option for both private buyers and investors. Please feel free to contact us for more information or a personal consultation.

Amenities

Payment plan for Iluka Residences

20%60%20%
20%
Down payment
AED 340,000
≈ € 82,000
60%
During construction, in instalments
AED 1,020,000
≈ € 245,000
20%
After handover
AED 340,000
≈ € 82,000

Monthly payments and your own funds

How much do you need for Iluka Residences, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 1,720

≈ € 410 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,360,000≈ € 326,400
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 340,000≈ € 81,600
Purchase costs4% DLD fee and mortgage costs
AED 73,120≈ € 17,500
Total funds required
AED 1,433,120≈ € 343,900
Request finance guidance for Iluka Residences
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Iluka Residences

Location

Dubai Islands, Dubai
Open in Google Maps

About MS Homes

MS Homes is a renowned developer in Dubai, specialising in off-plan property projects with a strong focus on quality and location. This page provides a complete overview of all current and upcoming projects by MS Homes. Whether you are looking for luxury apartments, modern villas, or commercial spaces, MS Homes offers a variety of options to suit different investment strategies. The projects are located in popular areas such as Downtown Dubai, Dubai Marina, and Palm Jumeirah, where demand for rental and purchase property remains high. Each project is characterised by attention to detail, sustainable materials, and innovative architecture. By investing in an off-plan project from MS Homes, you benefit from favourable terms during the construction phase, such as staged payments and early-bird advantages.

Since its founding, MS Homes has developed into one of the most reliable real estate developers in Dubai. With a track record of over 15 years, the company has successfully delivered numerous projects, including iconic residential and commercial buildings. The developer is known for its transparent approach and customer-focused strategy, which has led to a loyal investor base. MS Homes has received several awards for its contributions to the real estate sector, including prizes for sustainable construction and architectural innovation. Through consistent growth and a sharp focus on market trends, MS Homes remains a leading player in Dubai's off-plan property market. Their experience and expertise ensure projects that not only meet expectations but often exceed them.

All projects by MS Homes

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.