Price, payment plan and homes
Price per propertyfinder.ae, 1 Oct 2026- Starting price
- AED 640K
- ≈ $174K
- Bedrooms
- Studio to 3 bed
- 382 – 1,794 sqft
- Payment plan
- 20/30/15 + 35 post-handover
- AED 128K to book
- Handover
- Q4 2028
Homes and floor plans
FreeholdPick a home: the plan and the forecast follow it.
Payment plan · studio
On AED 640K- 20% at bookingAED 128K
- 30% during construction, until handover (Q4 2028)AED 192K
- 15% on handover (Q4 2028)AED 96K
- 35% after handover (Q4 2028)AED 224K
Before the keys: AED 320K, 50% of the price.
Part of the price is paid after the keys. How post-handover payment plans work.
Mashriq Elite Developments’ own file on propertyfinder.ae, checked 30 Sep 2026
Location · Dubai Production City · Dubai
The former IMPZ, a TECOM media-production zone off Sheikh Mohammed Bin Zayed Road with mid-rise apartment buildings and a Lulu hypermarket.
Forecast
What the studio could be worth
More in Dubai Production City
Compare side by sideAll projects in Dubai Production City
The in-depth review
Why it scores 71
Price per sqft vs registered sales
Dubai Land Department open dataAED 1,446/sqft (est.)
The DLD median for apartments in Dubai Production City is AED 1,479/sqft (as of 10 Nov 2026). This project's figure is our estimate from the listed prices and unit sizes, so no gap is shown here; the score's price factor reads it at half weight, capped at 70. The gap appears once the register shows ten of this project's own sales or the developer states a price per sqft.
How the 71 was scored
6 of 8 factors · 85% of the weight · 10 Nov 2026- 01Price against what buyers actually paidAssessed · weight 25
- 02Developer track recordAssessed · weight 20
- 03Payment planAssessed · weight 10
- 04Location and infrastructureAssessed · weight 15
- 05How big the resale market isAssessed · weight 10
- 06Construction on scheduleNot assessed · weight 15
- 07How much is still being built nearbyAssessed · weight 5
- 08The basics on fileNot assessed · weight 0
How each factor was measured
Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.
- Price against what buyers actually paid
- Our estimate from its typical home, against the median of 770 off-plan sales in Dubai Production City · DLD
- Developer track record
- Our rating, 1 delivered projects and how its finished building resells
- Payment plan
- 20% down · 30% during construction · 15% on handover · 35% after
- Location and infrastructure
- Our rating of Dubai Production City, and 5 kinds of places measured from the pin · OpenStreetMap
- How big the resale market is
- 616 resales of finished apartments in Dubai Production City this year · DLD
- Construction on schedule
- Not assessed yet: needs the completion % and handover date, or the owner's assessment
- How much is still being built nearby
- 2,490 homes sold in Dubai Production City this year, 75% off-plan · DLD
- The basics on file
- Not assessed yet: needs the project's DLD registration or escrow account number
Confidence low: the price figure is our estimate from the price and size of the typical home, not a registered or stated price.
69 → 71 1 Oct 2026, price factorScored since 25 Sep 2026 · 2 score changes
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full breakdown behind the 71
Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.
- The 6 assessed factor scores, with the figure and source behind each
- Score history since 25 Sep 2026 and why each move happened
- Rent, a mortgage and fees in the forecast, year by year
Everything behind the 71, and behind every other score on the site.
- Projects scored
- 1,673
- projects scored
- Factors
- 8
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Q4 2028
Under construction
What this means
Also due in 2028 in Dubai Production City: 5 more projects we list
Mashriq Elite Developments: 1 project delivered in the last ten years, typically 7 months late, none cancelled.
Floarea Lakes is due to hand over in Q4 2028. The project is under construction. Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
DLD registration status
Verified 1 Oct 2026- Project registrationNot published yet
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from
Check it on dubailand.gov.ae. How to read the DLD register.
Figures from propertyfinder.ae, read 1 Oct 2026, last verified 1 Oct 2026.
Before you pay: four things to check
1The escrow account
We hold no DLD registration. Ask for the project number and its escrow account, and check both on dubailand.gov.ae.2The handover date
The listed date is Q4 2028. Ask for the date in the sales agreement.3Today's price list
AED 640,000 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.4The instalment dates
20% at booking, 30% during construction, 15% at handover, 35% after handover. Ask for each payment's date and amount.
About
Floarea Lakes is Mashriq Elite's development in Dubai Production City, Dubai.
- Developer
- Mashriq Elite Developments
- Status
- Under construction
- Ownership
- Freehold
Amenities
- Indoor Swimming Pool
- Landscaped Gardens
- CCTV Security
- Gymnasium
- Restaurants
- Children's Play Area
What’s nearby
straight-line distance- Supermarket or mall470 m
- Hospital or clinic580 m
- School1.6 km
- Metro or tram stop3.9 km
- Beach8.0 km
The nearest of each on OpenStreetMap, Sep 2026.
Rental yield nearby
gross, apartments9.5% in Dubai Production City. A median rent of AED 92 per sqft a year on 3,700 new tenancy contracts in the community's own buildings, last 6 months, against AED 971 per sqft paid across 340 finished sales in the same buildings, last 6 months.
Before service charges, fees and empty periods; our arithmetic on Dubai Land Department open data figures, Nov 2026. The working
Floarea Lakes: questions buyers ask
How much does Floarea Lakes cost?
Prices at Floarea Lakes start from AED 640,000 (about $174K) for studios, 1-bedroom, 2-bedroom and 3-bedroom homes, per propertyfinder.ae on 1 Oct 2026.
What is the price per sqft at Floarea Lakes?
The asking price is around AED 1,446 per sqft, our estimate from the listed prices and unit sizes.
When is the Floarea Lakes handover date?
Floarea Lakes is expected to hand over in Q4 2028. The project is under construction.
What is the Floarea Lakes payment plan?
Floarea Lakes is offered on a 20/30/15 + 35 post-handover plan: 20% on booking, 30% during construction and 15% at handover, with 35% spread after you get the keys.
What is the Rendr Score of Floarea Lakes?
Floarea Lakes scores 71 of 100 on the Rendr Score, good, as of 10 Nov 2026; 6 of its 8 factors are assessed, 85% of the weight.
What rental yield do apartments in Dubai Production City make?
About 9.5% gross for apartments in Dubai Production City, worked out from DLD's own figures: new tenancy contracts in the community's own buildings, last 6 months, against finished sales in the same buildings, last 6 months, before service charges and fees.
Who is the developer of Floarea Lakes?
Floarea Lakes is being developed by Mashriq Elite Developments. It sits in Dubai Production City, Dubai.
Changes
Listed 25 Sep 2026
Listed on the site
Source: propertyfinder.ae, read 24 Sep 2026