The Pier Residence

The Pier Residence is a premium waterfront residential development by LMD, located in Dubai Maritime City. It comprises 274 apartments across 1, 2, and 3-bedroom configurations, ranging from 615 to 2,007 sq. ft. LMD is the project developer, delivering fully fitted homes with high-specification interiors.

Apartments at The Pier Residence start from AED 1,600,000. The entry price per square foot is approximately AED 2,200 (USD 600), which is notably lower than comparable waterfront projects in Dubai Maritime City priced at around AED 2,700 per sq. ft. This makes it a competitively positioned option in the waterfront segment.

The Pier Residence offers a 60/40 payment plan, meaning buyers pay 60% during construction and 40% on handover. This structure spreads financial commitment across the build period and reduces the upfront capital required. Handover is scheduled for 2027.

The Pier Residence is scheduled for handover in 2027. The project is currently off-plan, allowing buyers to enter at pre-completion prices with the 60/40 payment plan. Construction is underway in Dubai Maritime City.

Units at The Pier Residence range from 615 sq. ft for 1-bedroom apartments up to 2,007 sq. ft for 3-bedroom residences. All units include balconies and laundry rooms. Three-bedroom apartments also feature private swimming pools, making them particularly appealing for families and premium buyers.

Residents have access to two infinity pools, a rooftop deck, a padel court, a fitness centre, a yoga studio, a running track, a residents' lounge, and an indoor children's play area. In-unit amenities include Villeroy & Boch bathroom fittings and fully equipped kitchens with Bosch and Siemens appliances including a coffee machine and dishwasher.

The Pier Residence sits in Dubai Maritime City, directly accessible from Sheikh Zayed Road. Downtown Dubai, Business Bay, and Dubai International Airport are all within a 20-minute drive. Within 15 minutes, residents can reach BurJuman Mall, Aster Hospital Mankhool, New Academy School, Little Diamond Nursery, and Heritage Village.

One-bedroom apartments in Dubai Maritime City currently average a gross ROI of around 6%, with annual rents starting at AED 75,000. The Pier Residence is priced at approximately AED 2,200 per sq. ft — about 18% below comparable waterfront projects — indicating capital appreciation potential as the area develops. Buyers spending AED 2M or more also qualify for a 10-year UAE Golden Visa.