Luna Residence
Luna Residence is a four-storey residential building in DubaiLand Residence Complex, Wadi Al Safa 5, Dubailand, Dubai, developed by Al Sayyah & Sons Investment through its subsidiary Desert Falcon Real Estate Development. Construction began in April 2020 and the building was completed in 2022, so it is an established, already handed-over building rather than an off-plan project. It offers studio and one-bedroom apartments only. This guide covers Luna Residence's building profile, location and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Al Sayyah & Sons Investment (Desert Falcon Real Estate)
Storeys
4 (+1 basement)
Completed
2022
Location
DubaiLand Residence Complex, Wadi Al Safa 5
About Luna Residence
Luna Residence is a residential building in DubaiLand Residence Complex, Wadi Al Safa 5, Dubailand, Dubai, developed by Al Sayyah & Sons Investment through its subsidiary Desert Falcon Real Estate Development. Construction began in April 2020 and the building was completed in 2022. It consists of a ground floor, four residential storeys and one basement level used for parking. Luna Residence offers studio and one-bedroom apartments only.
A separate off-plan-style marketing listing for this project (identical text across two unrelated portals) instead states a 1 February 2024 handover, though that listing's own floor plans and payment plan are shown as unconfirmed placeholders. This guide follows the more detailed, milestone-by-milestone construction record, which shows the building as already complete in 2022. Note also: Luna Residence is a different, unrelated building from Binghatti Luna in JVC, a 20-storey tower by a different developer covered in its own separate guide.
Location & Nearby Landmarks
Luna Residence sits in DubaiLand Residence Complex, Wadi Al Safa 5, close to Dubai Silicon Oasis. GEMS FirstPoint School is around 0.1 km away and The Aquila School is around 0.6 km away, with Lycee Francais International Georges Pompidou (1.1 km) and GEMS Wellington Academy, Dubai Silicon Oasis (2.1 km) both a little further out. The DRC Central Community Hub is about 0.3 km away, with the DRC Eastern Community Hub (0.5 km) and DLRC North Park (0.7 km) both close by.
IMG Worlds of Adventure is about 5.9 km away and Global Village is about 7.5 km away, with The Track, Meydan Golf around 10.5 km away. The Villa (1.9 km), Liwan (2.5 km), Dubai Silicon Oasis (3.8 km) and Falconcity of Wonders (4.0 km) are all nearby neighbourhoods. The nearest hotels are RED Hotel Apartments and Radisson RED, both in Dubai Silicon Oasis around 3.3 km away. For a wider view of how Airbnb management works across Dubai's different neighbourhoods, see Royale Stays' full guide to Airbnb property management in Dubai.
Unit Types
Luna Residence offers studio and one-bedroom apartments only, with no larger unit types recorded. The building sits across four residential storeys plus one basement parking level. No dedicated Dubai Land Department transaction feed could be found for this specific building, so a precise unit count and exact size ranges are not confirmed here rather than estimated.
Amenities
Luna Residence is a modest-amenity building rather than a resort-style development: confirmed provisions include a gym and a swimming pool, alongside basement parking. No further amenity detail could be confirmed from the sources reviewed, so this guide does not claim beyond what is verified.
Transportation & Access
DubaiLand Residence Complex has no metro station of its own. From Luna Residence it takes roughly 22 minutes to drive to Dubai Mall, 31 minutes to Palm Jumeirah, 31 minutes to Burj Al Arab and 34 minutes to The Walk JBR. Dubai International Airport (DXB) is around 23 minutes away by car, and Al Maktoum International Airport (DWC) is roughly 32 minutes away. The area is largely car-dependent, as is typical across Dubailand.
Drive times are sourced from Propsearch.ae, calculated via Google Maps under typical traffic conditions; actual times will vary.
Sale Prices & Rental Trends
No sale or rental transaction data could be sourced for Luna Residence at the time of research: the building has no dedicated Dubai Land Department transaction feed on the portals checked, and a PropertyFinder search returned no active listings. Rather than estimate a figure, this guide discloses that gap honestly. According to the Land Department, the wider project was valued at approximately AED 52,750,000 at the pre-construction estimate stage submitted by the developer, though this is a construction-cost estimate rather than a current market price.
Airbnb & Short-Term Rental Income Potential
DubaiLand Residence Complex is not currently one of Royale Stays' five core managed areas (Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay), so this guide does not claim a Royale Stays management track record at Luna Residence specifically. Al Sayyah & Sons Investment and its subsidiary Desert Falcon Real Estate Development are private local developers rather than a restricted hotel brand, so there is no confirmed policy barrier to running a licensed holiday home in the building.
Every short-term rental in Dubai requires a DTCM holiday home permit. Royale Stays can arrange the permit application and manage the day-to-day operation, including for owners based overseas, for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications. See Royale Stays' Dubai holiday home permit guide for the current permit process.
Questions