Photos and renders of the building and grounds — not of this particular unit.
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About the building
Located in Tilal Al Ghaf.
Specifications for Lanai Island at Tilat Al Ghaf per Propsearch and the Dubai Land Department.
They describe the whole building, not the individual unit.
About the project
Lanai Island is a residential complex in Tilal Al Ghaf.
The database currently holds 1 lot in this project, from 68 000 000 AED.
A one-off cluster in Tilal Al Ghaf: our listing is a 23,220 sq ft house for AED 69 million, at AED 2,972/ft².
What it is
Lanai Island is a villa cluster in Majid Al Futtaim's Tilal Al Ghaf master plan, built around the man-made lagoon. The building profile doesn't list the number of floors, the number of residences, or a completion date.
Our stock has one listing of around 23,220 sq ft for AED 69 million, at AED 2,972/ft².
Twenty-three thousand square feet is the largest lot in our entire database. For comparison: Polo Homes in Arabian Ranches is 16,900 sq ft, and Fairways in Dubai Hills is 13,850.
Suburban districts: median and price per square foot
Tilal Al Ghaf runs at AED 2,289/ft² with a median of AED 10 million; Lanai Island is 30% above the district average.
Dubai's suburban districts: median lot price and price per square foot — our own stock
District
Median, AED million
AED / ft²
Lots
The Oasis by Emaar
16.88
1606
22
Tilal Al Ghaf
10.00
2289
33
Arabian Ranches
10.80
2398
31
Al Barari
9.45
3374
10
The Acres
8.00
1642
20
Arabian Ranches 2
5.95
1907
6
DAMAC Hills
5.50
1846
51
The Valley
4.30
1323
91
Arabian Ranches 3
4.15
1781
57
Villanova
3.80
1602
37
Damac Lagoons
3.60
1371
85
Our own stock as of 28 August 2026. The median is the price of the district's middle lot; the price per square foot is calculated from lots with a reliable size figure. The median and the price per square foot move independently — an expensive district isn't necessarily expensive per foot.
Twenty-three thousand square feet
Tilal Al Ghaf in our database: 33 lots, a median of AED 10 million, at AED 2,289/ft².
A house this size isn't a 'big villa' — it's a category of its own. Upkeep, cooling and service charges are billed by area, and the annual running cost here rivals the price of an apartment in the affordable segment.
The price per square foot is above the district average rather than below it — the same pattern we saw at Polo Homes, Sobha Estates and Fairways. The rule holds: size lowers the per-foot price in the mass segment, and raises it where supply is finite.
There are only a handful of buyers in the city for a property like this. What matters isn't yield, but the cost of ownership and the exit timeline — measured in months, not weeks.
propsearch's cluster profile. Our own stock as of 28 August 2026: the project's lot (size, price, price per square foot), data on Polo Homes, Fairways and Sobha Estates, and medians and price per square foot across the suburban districts.
The final payment on this building falls in 2027 — under off-plan plans that is
40–60% of the price in one go. A UAE bank closes it: the flat becomes the security,
and nothing is added on top of what the developer has already been paid.
Up to 80% of the appraised value, no extra down payment
3.99% fixed for three years, up to 25 years in term
6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and
we will look at what the developer will accept.
Tilal Al Ghaf. Majid Al Futtaim’s lagoon community: lower density, higher specification, and the best-executed of the water-based villa districts.
How much does an apartment in Lanai Island cost?
The database currently holds 1 lot in this project, from 68 000 000 AED. The list changes daily — I will send a fresh selection for the building on request.
Architecture by SAOTA, interiors by Kelly Hoppen, up to seven bedrooms. Why building around water rather than a golf course changes what the product is — and why thirteen houses rather than three hundred.
Elysian Mansions is a gated enclave of 94 five- and six-bedroom mansions on the Tilal Al Ghaf lagoon by Majid Al Futtaim. Launched in 2023 from about AED 18.5m, resale listings now run from AED 22m to 55m, and handover has slipped from late 2025 to late 2026.
The owner of Mall of the Emirates and a large regional retail business, with a property arm building master-planned communities. What an anchor tenant that owns itself changes for a resident.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.