Azure by Lapis

Ras Al Khaimah, United Arab Emirates

1 / 8

Price from

≈ $359,386AED 1,319,846Rate as of 2026-10-13

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

AED 16,146 / m²

cheaper than 90% of city projects

-33% vs the city median (Ras Al Khaimah), sample of 38 projects

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Data verified Aug 28, 2026price source: developer partner networkupdated 2 mo. ago

Properties

Condominium

Area

52 - 538 m²

Bedrooms

1 - 3

Completion

Q4 2028

Readiness

Planned

Dry season

May, Jul, Aug

First instalment

20%

Properties

Condominium

Area

52 - 538 m²

Bedrooms

1 - 3

Completion

Q4 2028

Readiness

Planned

Dry season

May, Jul, Aug

First instalment

20%

Is this expensive for the city

$4,396per m²cheaper than 90% of city projects

Median $6,593

$3,636$10,935

-33% vs the city median (Ras Al Khaimah), sample of 38 projects

Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

The cost of this project

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What it really costs

Payment plan

Step 1
On booking
20%
$71,877
Step 2
Tax
4%
$14,375
Step 3
Before commissioning
55%
$197,662
Step 4
After transfer
25%
$89,846

Total$359,386

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $359,386

Monthly rent: $1,797

$354$5,391

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

0%20%

Monthly income

$1,369

Annual income

$16,421

Gross yield

5.7%

Net yield

4.6%

Value in 5 years

$480,940

5-year ROI

57%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: May, Jul, Aug

Wettest months: Jan, Mar, Dec

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C

Show monthly table

Monthly climate normal: temperature and rainfall
Month	Temperature, °C	Rainfall, mm
Jan	20.1	23
Feb	21.1	10
Mar	23.7	16
Apr	27.5	6
May	31.5	1
Jun	34.1	2
Jul	35.7	1
Aug	35.7	1
Sep	33.7	1
Oct	30.8	2
Nov	26.4	8
Dec	22.4	14

Source: NASA POWER, climate normal (2001-2020). Grid node 25.7, 55.8. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Completion

Q4 2028

Status

Planned

Area

52 - 538 m²

Properties

Condominium

Completion

Q4 2028

Status

Planned

Area

52 - 538 m²

Description

Lapis Properties LLC has planned Azure by Lapis, a condo project in Ras Al Khaimah, in the Ras Al Khaimah region of the UAE. The project is planned, construction has not started, with completion set for December 2028.

Units range from one to three bedrooms, with areas spanning from 51.6 to 537.95 square meters. That spread covers everything from compact one-bedroom layouts to large three-bedroom formats suited to more spacious living.

Prices start at AED 1,319,845.6 and go up to AED 13,302,207.42, with a price per square meter of AED 16,146. The gap between the lowest and highest price lines up with the area range, from the smallest layouts to the largest ones on offer.

The project sits in Ras Al Khaimah, in the Ras Al Khaimah region of the UAE.

This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.

Location

Ras Al Khaimah, United Arab Emirates

Market context

Residential price growth

39% YoY

Apartment price level

Dh2,000 per sqft

Rental growth

5% YoY

Average gross rental yield

5.6%

Foreign buyer share

68%

Ras Al Khaimah’s residential market is on a sharp upward trajectory, with prices and rents both posting solid year‑on‑year gains and the emirate attracting a growing share of foreign investors. The momentum is underpinned by strong economic growth, new premium projects such as the Wynn Al Marjan Resort and expanding tourism, suggesting continued capital appreciation and robust rental demand into 2026.

Sources (6) · updated 21/08/2026

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