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QUBE Development Off-Plan Projects: Prices, Payment Plans & New Launches
Payment Plans & Prices
QUBE Development structures its payment plans around each project's positioning: entry-level Studio City apartments carry a lighter down payment, while the branded Business Bay collection is split between two post-handover-heavy schedules. At Arisha Terraces in Dubai Studio City, studios start from AED 558,000 on a 10/50/40 plan — 10% at launch, 50% during construction and 40% on handover. At ELIRE Managed by LUX* in Business Bay, one-bedroom simplexes start from AED 2.5 million on a 60/40 plan, while three- and four-bedroom duplexes follow a 45/55 split, with 45–55% due after handover depending on the unit. Cubix Residences in Jumeirah Village Circle, QUBE Development's first delivered project, launched from roughly AED 620,000 with a staged plan combining a booking deposit, construction-linked instalments and a post-handover tail — the project is now sold out and fully handed over.
QUBE Development New Launches
QUBE Development's most recent active launch is Arisha Terraces in Dubai Studio City, which opened sales after the sell-out of Cubix Residences in JVC — the developer's first completed handover. The company has stated it plans to have six projects live across Dubai and Ras Al Khaimah by the end of 2026, backed by a AED 7.6 billion development pipeline. That expansion positions QUBE Development as a fast-scaling multi-emirate player rather than a single-project Dubai launch, with Business Bay's ELIRE Managed by LUX* — its first branded-residence collaboration, developed with The Lux Collective — currently under construction and due for handover in the fourth quarter of 2028.
Property Types
QUBE Development's current portfolio is entirely apartment- and duplex-led, with no villa product to date. Arisha Terraces offers studio, one- and two-bedroom apartments sized from roughly 364 to 1,012 sq ft. ELIRE Managed by LUX* adds one- to three-bedroom simplexes (from 612 sq ft) alongside three- and four-bedroom duplexes reaching over 5,300 sq ft, all delivered fully furnished with Miele appliances and smart-home systems. Cubix Residences, now sold out, combined studios and one- to two-bedroom apartments with select two- and three-bedroom duplexes in a low-rise, L-shaped layout.
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About QUBE Development
QUBE Development is a Dubai-based developer of residential and branded commercial properties, operating as part of DHG Investments under CEO Egor Molchanov. The company is registered with the Dubai Land Department as Developer No. 1692 since August 2023 and holds Dubai Economic Department licence No. 1043390. Its leadership team brings a combined background of more than 30 years in real estate design, construction and investment, which QUBE Development draws on as a newly licensed but experienced-led entrant to the Dubai market.
QUBE Development's project footprint currently spans three Dubai communities: Business Bay, where ELIRE Managed by LUX* is being built in partnership with hospitality group The Lux Collective; Dubai Studio City, home to the low-rise Arisha Terraces; and Jumeirah Village Circle, where Cubix Residences — the company's first handed-over project — sold out ahead of completion.
By the end of 2026, QUBE Development aims to have six projects live across Dubai and Ras Al Khaimah, supported by a stated AED 7.6 billion development pipeline spanning over 3.7 million sq ft of planned gross floor area — a scale-up that signals expansion beyond its initial single-emirate footprint.
QUBE Development Key Facts
A quick look at the numbers behind QUBE Development's fast early growth in Dubai's off-plan market:
1,154,704 sq ft
QUBE Development's current land bank across the UAE, the base supporting its expanding Dubai and Ras Al Khaimah pipeline.
100 residences
The size of ELIRE Managed by LUX* in Business Bay — QUBE Development's exclusive branded collaboration with hospitality group The Lux Collective.
419 apartments
The scale of Arisha Terraces in Dubai Studio City, spread across four low-rise buildings arranged around a central courtyard.
1st project delivered
Cubix Residences in JVC was QUBE Development's first completed handover, selling out ahead of construction finishing.
Why Invest in QUBE Development Properties
Early delivery track record
Despite being a young, DLD-registered developer, QUBE Development has already completed and handed over its first project, Cubix Residences in JVC, which sold out ahead of completion — an early proof point in a market where off-plan delays are a common investor concern.
Branded residence positioning
ELIRE Managed by LUX* is QUBE Development’s first branded-residence project, run in partnership with The Lux Collective, the hospitality group behind the LUX* brand. Branded residences in Dubai typically carry a resale and rental premium over comparable unbranded stock in the same district.
High-yield community footprint
QUBE Development’s current projects sit in two of Dubai’s most actively rented districts: JVC, where 2026 gross apartment yields run roughly 8.5–9.5%, and Business Bay, where gross yields sit around 5.5–7.6% depending on the tower and unit type.
Freehold ownership and Golden Visa eligibility
All QUBE Development projects are freehold, giving international buyers full ownership rights. Units priced from AED 2 million and above — including ELIRE’s larger simplexes and duplexes — can qualify buyers for the UAE’s 10-year Golden Visa.
Key Areas by QUBE Development
Business Bay is where QUBE Development is building its flagship branded project, ELIRE Managed by LUX*, on a canal-side plot minutes from Downtown Dubai, Burj Khalifa and DIFC. The district combines office towers, hotels and residential stock along the Dubai Water Canal, and its central position keeps apartment gross rental yields in the 5.5–7.6% range in 2026, supported by steady demand from professionals working nearby.
Dubai Studio City is home to Arisha Terraces, QUBE Development's low-rise community built around a shared courtyard. The area is a dedicated free zone for media, entertainment and broadcasting companies, and its position on Sheikh Mohammed Bin Zayed Road and Al Khail Road gives residents a roughly 20–25 minute run to Downtown Dubai and Dubai Marina at a noticeably lower entry price than central districts.
Jumeirah Village Circle (JVC) is where QUBE Development delivered its first completed project, Cubix Residences, now fully sold. JVC remains one of Dubai's highest-yielding mainstream apartment markets, with 2026 gross yields commonly quoted at 8.5–9.5%, driven by a large and still-growing tenant base and a dense mix of parks, schools and retail within the community.