About Luxury Family Residence II
Luxury Family Residence II is a residential, hotel, retail tower by Kappa Acca Real Estate Development, in Business Bay, Dubai. It rises 26 storeys (3 basement levels, a ground floor, 2 podium levels and 23 floors), built as a concrete structure with internal and external finishes. The project comprises 205 homes.
Key information
Developer
Kappa Acca Real Estate Development
- Handover
- Q4 2023
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2019
- Number of buildings
- 1
- Number of units
- 205
- Registered with DLD
- 17 Oct 2022
- Escrow bank
- Abu Dhabi Commercial Bank
- Escrow account no.
- 11212899920003
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2019
- Handed overQ4 2023
Construction progress
48 inspection photos from the Dubai Land Department. Latest 24 Mar 2025 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
15 Elevators
30 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
233
Median price
AED 1.4M
Median price / sqft
AED 3K-13%
Off-plan share
88%
Priced 49% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 100 | 432 sqft | AED 1.1M | AED 3K |
| 1 Bed | 108 | 621 sqft | AED 1.6M | AED 3K |
| 2 Bed | 24 | 838 sqft | AED 2.4M | AED 3K |
| 4 Bed | 1 | 10,531 sqft | AED 26.0M | AED 2K |
Price per sqft by year
-13% since 2023AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 01 Sept 2026 | Resale | 447 sqft | AED 900K | AED 2K |
| 20 Jul 2026 | Resale | 447 sqft | AED 1.0M | AED 2K |
| 17 Jun 2026 | Resale | 627 sqft | AED 1.4M | AED 2K |
| 09 Jun 2026 | Resale | 439 sqft | AED 1.1M | AED 2K |
| 08 Jun 2026 | Resale | 627 sqft | AED 1.2M | AED 2K |
| 01 Apr 2026 | Resale | 436 sqft | AED 950K | AED 2K |
| 16 Mar 2026 | Resale | 626 sqft | AED 1.5M | AED 2K |
| 16 Mar 2026 | Resale | 453 sqft | AED 1.1M | AED 2K |
Unit mix
205 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 1 | - |
| Studio | 87 | - |
| 1 B/R | 88 | - |
| 2 B/R | 28 | - |
| 4 B/R | 1 | - |
Payment plan
Payment plans are set by Kappa Acca and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Luxury Family Residence II has already been handed over (Q4 2023), according to Dubai Land Department records.
