Azure by Lapis
LAPIS Properties · studio, 1BR, 2BR · RAK Central, Ras Al Khaimah, Ras Al Khaimah
Azure by Lapis is a residential project by LAPIS Properties in RAK Central, Ras Al Khaimah, Ras Al Khaimah, offering studio, 1BR, 2BR layouts. Prices start from AED 1,190,000. This is an off-plan purchase with expected completion in December 2028 on a 75% during construction, 25% on handover payment plan. The indicative gross yield band for this area and unit mix is 6.5% – 8%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.
Azure by Lapis is a freehold residential tower located in RAK Central, Ras Al Khaimah, set for handover in Q4 2028. It offers studios, 1BR, and 2BR apartments with starting prices from AED 750,000.
Key facts
- Developer
- LAPIS Properties
- Area
- RAK Central, Ras Al Khaimah, Ras Al Khaimah
- Property type
- studio, 1BR, 2BR
- Starting price
- AED 1,190,000
- Payment plan
- 75% during construction, 25% on handover
- Expected completion
- December 2028
- Construction status
- Now selling
- Indicative gross yield
- 6.5% – 8%
Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who this project fits
Azure by Lapis typically fits investors balancing rental income with capital appreciation at a mid-market ticket, across studio, 1BR, 2BR layouts in RAK Central, Ras Al Khaimah, Ras Al Khaimah. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 6.5% – 8%.
Risks to weigh
As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in RAK Central, Ras Al Khaimah, Ras Al Khaimah can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Frequently asked questions about this project
How much does a unit at Azure by Lapis cost?
Prices at Azure by Lapis start from AED 1,190,000. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.
Where is Azure by Lapis located?
Azure by Lapis is located in RAK Central, Ras Al Khaimah, Ras Al Khaimah. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.
What is the payment plan for Azure by Lapis?
The indicated payment plan is: 75% during construction, 25% on handover. We verify the full structure, including milestones and the balance due at handover.
When is Azure by Lapis expected to complete?
Expected completion is December 2028 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.
What yield can I expect at Azure by Lapis?
The indicative gross band for this area and unit mix is 6.5% – 8%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who is the developer of Azure by Lapis?
Azure by Lapis is developed by LAPIS Properties. We review their delivery record, build quality and value retention before recommending it.
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