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42 East Residences, Dubai Islands

42 East Residences in Dubai Islands, Dubai is an off-plan project with latest price available on request, handover 31 Mar 2028, by Gramercy Development. Review Unit mix across apartments, penthouses, Pre-handover schedule: 40%, Post-handover schedule: 60%, 5 floor-plan signals, amenities and comparable market evidence before requesting current availability.

Dubai Islands, Dubai

Handover

31 Mar 2028

Advisor support

Get latest availability / payment plan

Confirm current prices, unit availability, incentives and payment terms before shortlisting.

Community Intelligence

Location and Nearby: Dubai Islands

Community-level evidence for this project location.

Median sale

AED 44.4M

AED 3,254 / sqft

Recent sales

5,619

1,471 in 3m

Rental benchmark

--

-- / sqft

Off-plan supply

411

tracked projects

About 42 East Residences

42 East Residences is tracked by PropertyStellar as an off-plan opportunity in Dubai Islands, Dubai by Gramercy Development. This page combines project data, unit-type ranges, and community market evidence so investors can review the opportunity before requesting current availability. The visible unit mix covers Unit mix across apartments, penthouses. Handover is listed for 31 Mar 2028.

Developer: Gramercy Development
Unit mix: Unit mix across apartments, penthouses
Handover: 31 Mar 2028

Prices and Unit Types

Compare bedroom mix, size and price ranges. Floor-plan buttons appear only where an image is available.

2 unit typesplans available

Apartments

Price TBC

3 Bed

3BR Apartments

Area

2,041 - 2,075 sqft

Price

--

Penthouses

Price TBC

4 Bed

4BR Penthouses

Area

4,470 sqft

Price

--

Payment Plan

Milestone% value
Pre-handover schedule
40%
Post-handover schedule
60%

Handover and Construction Status

Confirm handover and construction status before booking because developer release schedules and incentives can change.

Handover

31 Mar 2028

Launch

TBC

Construction status

Evidence pending

Last refreshed

16 Jun 2026

Dubai Land Department

Official Project Status

Checked against official DLD records using project, developer and location evidence.

Verified

DLD reference

#4094

Official status

Active

Completion

1.2%

Last inspection

22 Jun 2026

Registered developer

Gramercy Real Estate Development L.L.C

Registration

21 Oct 2025

Escrow: Ajman Bank /P.J.S.C, 011180130018

Last inspection: 22 Jun 2026

Community service charge

Dubai Islands Service-Charge Benchmark

DLD Service Charge Index benchmark from official records available for this community.

Details

Median

AED 0.5/sqft/yr

Average

AED 0.5/sqft/yr

Range

AED 0.3/sqft/yr - 0.6/sqft/yr

Records reviewed

3

Service-charge recordYearAED/sqft
Dubai Island - Dubai Island - Dubai Island-A - Under Construction - Residential - Palm Deira2026AED 0.6/sqft
Dubai Island - Dubai Island - Dubai Island-A - Villa - Under Construction - Residential - Palm Deira2026AED 0.5/sqft
Dubai Island - Dubai Island - Dubai Island-A - Vacant - Residential - Palm Deira2026AED 0.3/sqft
Dubai Island - Dubai Island - Dubai Island-A - Under Construction - Residential - Palm Deira2025AED 0.6/sqft

Evidence

Comparable Project Evidence & Trends

Recent project evidence where available, with community benchmark evidence when direct project records are not strong enough yet.

Community benchmark evidence

Community sales

5,619

1,471 in 3m

Community rent

--

-- / sqft

Period trend series is not available for this community snapshot yet.

Recent Sales

DateBedsTypeSale
25 Jun 20263 BedapartmentAED 15.8M
25 Jun 20263 BedapartmentAED 7.4M
25 Jun 20262 BedapartmentAED 3.3M
25 Jun 20262 BedapartmentAED 3.2M
25 Jun 20262 BedapartmentAED 3.0M

Recent Rentals

DateBedsTypeRent
22 Jun 20261 BedapartmentAED 150K

Comparable Projects

Comparable projectFromEvidence

Azizi Wasel

Azizi Developments

AED 1.1MDirect project evidence

Do Hotels and Residences

One Development

AED 1.2MDirect project evidence

House of Well

Well Concept Development

AED 1.4MDirect project evidence

Firoza

Ever Glory Real Estate

AED 1.4MDirect project evidence

Vayla Residences

Blue Square Real Estate Development L. L. C

AED 1.6MDirect project evidence

Lifestyle & Amenities

Parking Spaces
Gym or Health Club
Swimming Pool
Kids Play Area
Data detailscollapsed

Developer

Gramercy Development

Project reference

23002

DLD reference

4094

DLD status

Active

Service charge

AED 0.5/sqft/yr

Launch

TBC

Handover

31 Mar 2028

Last refreshed

16 Jun 2026

Transaction scope

Community benchmark

Internal links

Similar Off-Plan Projects

Frequently asked questions

Off-Plan Project FAQ

What is the starting price of 42 East Residences?

Contact for latest availability and starting price.

When is the handover date for 42 East Residences?

42 East Residences handover is listed for 31 Mar 2028.

Who is the developer of 42 East Residences?

42 East Residences is listed by Gramercy Development.

What unit types are available at 42 East Residences?

42 East Residences currently shows Unit mix across apartments, penthouses.

What payment plan is offered for 42 East Residences?

Pre-handover schedule: 40%, Post-handover schedule: 60%

What amenities does 42 East Residences offer?

42 East Residences amenities include Parking Spaces, Gym or Health Club, Swimming Pool, Kids Play Area.

Is 42 East Residences a good investment?

Review the price and payment plan against market evidence: 5,619 community sales in 12 months.

Where is 42 East Residences located?

42 East Residences is located in Dubai Islands, Dubai. Compare it with other off-plan projects in Dubai Islands and the community intelligence page before shortlisting.

Are floor plans available for 42 East Residences?

42 East Residences currently has 5 floor-plan signals in the available records.

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