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Le Chateau Pietrus at a glance
| Property Name | Le Chateau Pietrus |
| Developer | Mr. Eight Development |
| Location | Dubai Islands, Deira. A first row marina corner plot. Confirmed by the developer and Property Finder |
| Property Type | Branded apartments and penthouse |
| Unit Types | 2 bedroom 73 units, 3 bedroom 12 units, 4 bedroom 1 unit. Property Finder states 86 residences in total |
| Sizes | The factsheet lists 1,018, 1,511, 2,497, 2,582 and 7,009 sq ft but the table is scrambled in the source document so we will not map sizes to bedroom counts. Property Finder gives 2 bedroom from 1,017 sq ft and 3 bedroom from 1,511 sq ft. Ask us for the floor plan for the exact unit |
| Starting Price | 2 bedroom from AED 3,940,000. 3 bedroom from AED 6,500,000. 4 bedroom AED 28,149,000. Developer factsheet, matched by Property Finder |
| Payment Plan | Booking AED 100,000, then 20 per cent with 4 per cent DLD and AED 5,000 admin, 5 per cent at 6 months, 5 per cent at 20 per cent build, 5 per cent at 75 per cent build, 65 per cent on handover. Resale permitted once 24 per cent is paid |
| Handover | Q3 2028. Confirmed by Property Finder |
| Service Charge | AED 30 per sq ft a year on the interior apartment area and AED 7.5 per sq ft on balconies. Developer factsheet. This is high, and it is the highest of the Mr. Eight projects, so factor it into your yield |
| Status | Off plan and selling. Construction started 8 July 2026 per Property Finder. This is the only Mr. Eight project of the eight we reviewed that is still openly marketed as available rather than sold out |
| Building | Fully furnished residences with open sea, marina and park views, private boat access and a French brasserie. A floor count is not published consistently, so we are not stating one |
| Ownership | Freehold. Dubai grants freehold title to all nationalities in designated areas, and this project sits in one |
Questions, answered
Where exactly is Le Chateau Pietrus?
Dubai Islands in Deira, on a first row marina corner plot. Broker sites say Island A but no primary source confirms the island letter, so we are not stating it.
Is it still available?
Yes. It is the only one of the eight Mr. Eight projects we reviewed that Property Finder still shows as off plan and selling rather than sold out. Construction started in July 2026.
What is the service charge?
AED 30 per square foot on the interior area and AED 7.5 on balconies, per the developer. On a 1,017 square foot two bedroom that is roughly AED 30,500 a year before balconies. Budget for it.
Why is the four bedroom AED 28 million?
It is a single unit, effectively the penthouse of the building. There is one of them.
Can I sell before handover?
Yes, once 24 per cent of the value has been paid, per the developer factsheet. Get that written into your sale agreement.
What branded residences means here, and what it does not
Mr. Eight markets this project as branded residences. In the wider market that phrase normally signals a licensing deal with a hotel operator or a fashion house, such as Armani, Bulgari or Marriott. There is no external brand partner on any Mr. Eight project. The brand is Mr. Eight itself. We checked the developer site, the national press coverage and the property portals and found no licensing agreement with any third party brand.
What does exist is a specified fit out. Mr. Eight publishes supplier names including Tom Dixon, Minotti, Cassina, B and B Italia, Lalique, LASVIT, FLOS, SMEG, Siemens and Grohe. That is a genuine specification and it is worth paying for if you value it. It is not the same thing as a branded residence in the licensing sense, and you should price it accordingly.
About the developer, stated plainly
Mr. Eight Development is a real and active Dubai developer, founded in 2021 and headquartered at Emaar Business Park, led by Emils Daujats. Its launches have been covered by Gulf News and Arabian Business, and Dubai Land Department transaction records show real registered off plan sales.
It has not yet completed a project in Dubai. Its first UAE launch was Villa del DIVOS in February 2025 and the earliest handover across the portfolio is Q1 2027, so nothing has been delivered yet. The company states 16 completed projects over 20 years in Latvia. We could not independently verify any of them, so treat that record as developer stated rather than confirmed.
None of that is a reason to avoid the developer. It is a reason to do what you should do with any first cycle developer in Dubai. Confirm the escrow account and the Dubai Land Department project number before you pay anything, and ask us for both in writing. Cresco Real Estate LLC, RERA ORN 34288.
Want the numbers checked before you commit? Ask us for the Dubai Land Department project number, the escrow account and the current availability in writing. We will get them. Browse every property Cresco has for sale.
More about Dubai Islands
Read the Cresco area guide to Dubai Islands. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Dubai Islands area guide
You may also want to read how buying off plan works and work out the rental yield.
Developer: Mr. Eight Development
Type: Apartments, Branded Residences, Penthouses
