DEVCO REAL ESTATE DEVELOPMENT L.L.C · Selling since 2021 · recent sales mostly resales
completed per DLD · 100% complete · buildings · 459 units · 1 building · DLD target completion December 2023
Registered developer: DEVCO REAL ESTATE DEVELOPMENT L.L.C (DLD no. 1358)
Escrow account with Commercial Bank of Dubai · Zoned by Dubai Municipality
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
AED 4,382/sqft
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23 months
Registered resales here span 23 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Five Luxe — not an asking price, and not this project’s overall median, which mixes every unit size together.
0% of the 49 sales registered in Five Luxe in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
The Land Department's register holds 533 sales in Five Luxe, the earliest registered in 2021. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Price vs. Dubai Marina median
+95.6%
Priced above the area's real median — ask why.
Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →When Five Luxe completed in December 2023, 0 other other projects in Marsa Dubai were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 16 more other projects in Marsa Dubai are still in the pipeline overall.
Transport, schools, healthcare, and daily essentials within 3 km.
902 m
Sobha Realty
2.2 km
ICCA Dubai
342 m
Health Avenue Polyclinics
112 m
Caramel Center Supermarket
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Marsa Dubai — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
Priced from each tower’s own registered sales, rather than the project median above.
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.