About Luxury Family Residence III
Luxury Family Residence III is a residential, commercial, retail tower by Kappa Acca Real Estate Development, in Business Bay, Dubai. It rises 22 storeys (1 basement level, a ground floor, 3 podium levels, 18 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 72 homes.
Key information
Developer
Kappa Acca Real Estate Development
- Handover
- Q2 2025
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2022
- Number of buildings
- 1
- Number of units
- 72
- Registered with DLD
- 06 Jan 2023
- Escrow bank
- Arab Bank for Investment & Foreign Trade (Al Masraf)
- Escrow account no.
- 994000031645
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2022
- Handed overQ2 2025
Construction progress
42 inspection photos from the Dubai Land Department. Latest 07 May 2026 at 51% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
6 Elevators
22 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
24
Median price
AED 12.6M
Median price / sqft
AED 4K-7%
Off-plan share
100%
Priced 131% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| 1 Bed | 4 | 1,431 sqft | AED 5.1M | AED 4K |
| 2 Bed | 7 | 2,600 sqft | AED 10.2M | AED 4K |
| 3 Bed | 6 | 3,155 sqft | AED 14.5M | AED 5K |
| 4 Bed | 4 | 5,811 sqft | AED 20.4M | AED 4K |
| 6 Bed | 3 | 12,708 sqft | AED 57.4M | AED 5K |
Price per sqft by year
-7% since 2023AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 16 Jan 2026 | Off-plan | 1,429 sqft | AED 5.6M | AED 4K |
| 30 Dec 2025 | Off-plan | 1,412 sqft | AED 4.7M | AED 3K |
| 01 Dec 2025 | Off-plan | 1,487 sqft | AED 5.7M | AED 4K |
| 10 Mar 2025 | Off-plan | 12,787 sqft | AED 60.2M | AED 5K |
| 13 Nov 2024 | Off-plan | 3,002 sqft | AED 12.2M | AED 4K |
| 12 Sept 2024 | Off-plan | 12,659 sqft | AED 58.0M | AED 5K |
| 19 Aug 2024 | Off-plan | 5,592 sqft | AED 27.2M | AED 5K |
| 13 Jun 2024 | Off-plan | 5,706 sqft | AED 15.0M | AED 3K |
Unit mix
72 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 2 | - |
| Studio | 1 | 555 sqft |
| 1 B/R | 8 | 1,412 - 2,154 sqft |
| 2 B/R | 21 | 2,105 - 3,223 sqft |
| 3 B/R | 23 | 3,002 - 6,037 sqft |
| 4 B/R | 13 | 5,464 - 13,198 sqft |
| 6 B/R | 4 | 12,641 - 12,787 sqft |
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 III has already been handed over (Q2 2025), according to Dubai Land Department records.
