La Residence At The Lotus Guide Contents
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Propsearch guide to Dubai real estate: Developments

La Residence At The Lotus

Multi-building complex, Business Bay, Dubai
La Residence At The Lotus Key Information
Location type
Multi-building complex
Phase
Under development
Status
Cancelled
Companies Associated with La Residence At The Lotus
Developer
  • La Residence At The Lotus was a multi-building complex under development in Business Bay, Dubai.
  • The development comprises two individual buildings: La Residence At The Lotus 2 and La Residence At The Lotus 1.
  • The project is being developed by Damac Properties.
  • From La Residence At The Lotus it takes roughly 10 minutes to drive to Dubai Mall, 24 minutes to Palm Jumeirah, 22 minutes to Burj Al Arab and 27 minutes to The Walk JBR.
  • Dubai International Airport (DXB) is roughly 17 minutes' drive and the new Al Maktoum International Airport is roughly 44 minutes' drive. All durations are calculated by Google Maps and assume the fastest route in typical traffic conditions.
  • Although the project failed it still managed to win 2 awards in 2007 for 'Best High Rise Development' at the CNBC Arabian Property Awards and 'Best International High Rise Development' at the International Property Awards.

  • The first two towers were completely sold out almost immediately after the 2007 launch but the project was immediately put on hold for 2 years when it became apparent that the developer, Damac Properties, didn't have full ownership of the land and therefore could not build on it.

  • Controversially the project was quietly cancelled by Damac in 2013 and replaced by the Paramout Towers development which is now under construction on the same plot. Many original investors were angered when they were asked to pay an additional fee to carry over their investment to the new project even though the design was similar and the location the same.

Proximity to landmarks
Palm Jumeirah
24 mins drive
Al Maktoum International Airport
44 mins drive
La Mer
20 mins drive
Mall of the Emirates
19 mins drive
Dubai Mall
10 mins drive
Burj Al Arab
22 mins drive
Ibn Battuta Mall
28 mins drive
The Walk JBR
27 mins drive
Dubai International Airport
17 mins drive

We do our best to keep the data accurate. If you notice any mistakes on the page or have additional information you can notify us here:

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