Lazord by Lapis

When will Lazord by Lapis be handed over?

The Dubai Land Department (DLD) register gives Lazord by Lapis a completion date of 31 December 2026. Lapis Properties has used the same December 2026 target since the project was first marketed in August 2024, and repeated it in June 2025. Property Finder also lists December 2026.

The construction figures do not support that date. DLD inspectors recorded the building at 27.64% complete on 3 September 2026. To finish by 31 December 2026, the remaining 72 points would have to be built in under four months. The fastest rise so far was 14.6 points in the four months from 30 April to 3 September 2026.

Building-by-building dates and how the date has changed: Lazord by Lapis handover date.

Lazord by Lapis construction update

The register, which lists the project as Lazord by LAPIS, records construction starting on 1 January 2025, although Lapis said in June 2025 that work began in September 2024. Progress was slow through 2025 and picked up in 2026.

Source: DLD register via Dubai Data and Continental Club. The escrow bank is Mashreq Bank and the DLD project number is 3209.

Lazord by Lapis homes and sizes

Lapis markets Lazord as a 12 storey building of 304 apartments, with designer plunge pools on the balconies of selected units. The DLD register lists 313 units in one residential and commercial building with a basement, ground floor, three parking levels and eight further floors, so unit counts and floor counts differ between the developer and the register.

DLD floor plan sizes are from Continental Club. Launch ranges are from an agent listing dated 9 August 2024. Tanami Properties quotes an overall range of 382 to 1,119 sq ft.

Lazord by Lapis prices and resale

At launch in 2024, studios started from AED 499,000, studios with a pool from AED 612,000, 1 bedrooms with a pool from AED 998,000 and 2 bedrooms with a pool from AED 1.4 million (InvestInDXB, 9 August 2024). Property Finder now lists a starting price of AED 763,295.

Registered sales tell a different story from asking prices. In the 12 months to September 2026, the DLD recorded 61 sales at a median of AED 729,000, or AED 1,453 per sq ft, about 3% lower per sq ft than the year before (Dubai Data). Across all sales, medians were about AED 620,000 for studios of around 366 sq ft, AED 985,000 for 1 bedrooms and AED 1.32 million for 2 bedrooms (Continental Club). A studio of 356 sq ft sold for AED 487,934 on 9 September 2026, below the launch price. Only two of 248 recorded sales were resales.

Lazord by Lapis payment plan

Sources give different versions. Lapis Properties described the plan in June 2025 as 20% on booking, 54% during construction, 10% on handover and 16% after handover, and Property Finder shows the same 20/54/10/16 split. Continental Club lists 20% on booking, 46% during construction, 10% on handover and 24% after handover at 1% a month. The first marketing in August 2024 described a 20% down payment followed by 1% a month running 24 months past handover. The 4% DLD fee is extra.

Lazord by Lapis developer and delivery record

Lapis Properties presents Lazord as its flagship project and said in June 2025 that it was preparing a second phase. Its own materials do not name any completed building, so there is no earlier handover record to compare against.

What to check before buying at Lazord by Lapis

1. The completion date and grace period in the SPA. The registered 31 December 2026 date looks out of reach at 27.64% built.
2. Which payment plan applies. At least three versions have been published, with 16% to 24% due after handover.
3. Whether the unit has a private pool. The pool units carry higher launch prices and are only part of the building.
4. Recent registered prices for the same layout. Some studios have sold below the AED 499,000 launch price.