Lusin Residences

Al Warsan 1 (Al Warsan First) · by Ermax Development

HomesStudio – 2-bed
KeysQ4 2027
Built35%
Homes in total57
DeveloperErmax Development

What stands out

  • walking distance to International City 1 metro station
  • 55 boutique residences plus retail
  • show apartment available

Homes in this building

Studio
340 – 470 sq ft · AED 1,353/sq ft
fromAED 460K
1-bed
760 sq ft
Price on request
2-bed
1,075 sq ft
Price on request
Penthouse
2,630 sq ft
Price on request

What's in the building

Adult and kids swimming pools
Children's playground
Outdoor recreation area
BBQ area
Covered parking

Payment plan

Varies by type: studios 70% during construction/30% on handover; 1BR+study and penthouse 40/60; 1BR+room+study and 2BR+study 30/70

Construction

35% built at the last Dubai Land Department inspection (20 May 2026).

Expected handover: Q4 2027. Completion date registered with the Dubai Land Department: 15 Dec 2026.

About this data: From the developer's published details, with some figures from listing portals.

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More by Ermax Development

Their other projects with keys in 2026–27

Ermax Residences, Dubai IslandsSelling now
Ermax Residences
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by Ermax Development
Studio – 3-bed · Keys Q4 2027
Price on request
Lusin Residences12 photos
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Your monthly payment

AboutAED 1,994 a month

For a home of AED 460K

Loan
Interest over the term
Fees at transfer, about
Cash needed up front

Off-plan homes are usually paid to the developer while they're built (here: Varies by type: studios 70% during construction/30% on handover; 1BR+study and penthouse 40/60; 1BR+room+study and 2BR+study 30/70), and banks lend on the balance near handover; before completion they lend at most 50%.

Assumes a UAE resident expat buying a first home: banks lend up to 80% (70% above AED 5M) for up to 25 years, and fixed rates run about 3.75–5% today. Fees: 4% DLD transfer fee, 0.25% mortgage registration and about 1% to the bank. An estimate, not a loan offer.