License expires Aug 2026
TOWNX REAL ESTATE DEVELOPMENT L.L.C
License #788487 · Registered 2017 · 50% avg completion
Comprehensive DLD data · Based on 6 DLD-registered projects
01Developer track record
SOLID TRACK RECORD
3 completed, 3 under construction. Verify delivery history before committing. Average yield 4.0%. Best performer: Luma Park Views (#164). License renewal due Aug 2026 — verify before committing to under-construction projects.
Top projects by rank: Luma Park Views (#164), Luma21 (#440), Luma22 (#758)
02Key numbers
Total projects
6
DLD registered
Completed
3
50% done
Under construction
3
in progress
Avg yield
4.0%
below Dubai avg
Sales (12m)
523
transactions
Rent contracts (12m)
576
strong demand
Occupancy
23%
576 / 2,547 units
03Portfolio breakdown
6
projects
Completed3
Under construction3
Pending0
Recent completion track record
Easy18finished
Luma21finished
Luma22finished
Luma Park Views2026
11 Hills Parkin progress
Ashley Hillsin progress
04Risk assessment
caution
License expires before handover
License #788487 expires Aug 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| Luma Park ViewsactiveAl Barsha South Fourth | #164 | 7.2% | — | — | 16.127 | Check a quote → |
| Luma21finishedAl Barsha South Fourth | #440 | 9.9% | — | — | 12.467 | Check a quote → |
| Luma22finishedAl Barsha South Fourth | #758 | 9.0% | — | — | 14.600 | Check a quote → |
| Easy18finishedWarsan Fourth | #862 | 8.9% | — | — | 8.470 | Check a quote → |
| 11 Hills ParkactiveAl Barshaa South Second | — | — | — | — | 16.090 | Check a quote → |
| Ashley HillsactiveAl Barshaa South Third | — | — | — | — | 15.992 | Check a quote → |
06Before you buy from this developer
critical
Verify license renewal plan
License #788487 expires Aug 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
TOWNX REAL ESTATE DEVELOPMENT L.L.C has 3 completed projects. Completed projects carry lower developer risk than off-plan.
Use this sponsor history as context, then run Offer Verdict on any real TOWNX REAL ESTATE DEVELOPMENT L.L.C quote before you negotiate or reserve.
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