Developer Deal
From
AED 4,146,000
Handover
Q2 2030
Payment Plan
0/0
Down Payment
—
Back to Developer DealsDeveloperMeraasView developer profile
Elara
Madinat Jumeirah Living, Umm Suqeim, Dubai, UAE
DeveloperMeraasView developer profileDLD Waiver
—
Discount
—
Handover
Q4 2027
Post Handover
—
Payment Plan
70%
30%
20% down
About Elara
Elara at Madinat Jumeirah Living is a new elegant addition to our community with the most extraordinary lifestyle in Dubai. Elara boasts both an exclusive central address and modern architecture and interiors. Here, you will find 1 to 4-bedroom luxury apartments for sale, starting from AED 2.3M. Surrounded by iconic views of the Burj Al Arab, nearby pristine beaches and idyllic pathways, Madinat J…
Project documents
Brochures
Not available yet
Floor plans
Not available yet
Master plans
Not available yet
Payment schedule
20/50/30 Payment Plan
- Deposit
- 20%
- During construction
- 50%
- On handover
- 30%
- Post-handover
- 0%
Market Intelligence
Completed transactions in Elara
Median sale price/sqft
AED 2,875/sqft-5.8%
Median sale price
AED 3,471,000
Median price/sqft over time
Jan 24Range AED 2,762 – AED 3,099Jul 24
Transaction activity
LiquidityStrongPrice momentumFalling
191 sales and 0 rentals in the last 12 months
Off-plan vs ready
Off-plan 100%
Primary vs resale
Primary 100%
Recent transactions
| Date | Building | Beds | Area | Price | AED/sqft |
|---|---|---|---|---|---|
| 2024-12-04 | Elara Building 1 | 2 | 1,415 sqft | AED 3,700,000 | 2,615 |
| 2024-12-04 | Elara Building 1 | 2 | 1,415 sqft | AED 3,700,000 | 2,615 |
| 2024-10-30 | Elara Building 1 | 2 | 1,583 sqft | AED 3,590,000 | 2,268 |
| 2024-10-28 | Elara Building 3 | 2 | 1,520 sqft | AED 4,500,000 | 2,961 |
| 2024-09-30 | Elara Building 3 | 2 | 1,415 sqft | AED 3,570,000 | 2,523 |
| 2024-07-17 | Elara Building 3 | 2 | 1,780 sqft | AED 3,464,000 | 1,946 |
Completed transactions in Umm Suqeim
Median sale price/sqft
AED 2,651/sqft+14.9%
Median sale price
AED 3,275,000
Gross rental yield
6.4%
Median annual rent
AED 209,000
Median price/sqft over time
Dec 23Range AED 2,374 – AED 2,887Dec 24
Community activity
LiquidityStrongPrice momentumRising
865 sales and 3,427 rentals in the last 12 months
Off-plan vs ready
Off-plan 77.2%Ready 22.8%
Primary vs resale
Primary 77.2%Resale 22.8%
Recent transactions
| Date | Building | Beds | Area | Price | AED/sqft |
|---|---|---|---|---|---|
| 2024-12-12 | Jadeel Building 1 | 2 | 1,323 sqft | AED 3,700,000 | 2,796 |
| 2024-12-12 | Jadeel Building 1 | 2 | 1,323 sqft | AED 3,700,000 | 2,796 |
| 2024-12-11 | Asayel Building 1 | 1 | 870 sqft | AED 2,000,000 | 2,300 |
| 2024-12-11 | Asayel Building 1 | 1 | 870 sqft | AED 2,000,000 | 2,300 |
| 2024-12-10 | Jadeel Building 3 | 2 | 1,911 sqft | AED 3,500,000 | 1,832 |
| 2024-12-10 | Jadeel Building 1 | 1 | 744 sqft | AED 2,130,000 | 2,861 |
Estimates are based on completed transactions and are not an official valuation. Data as of 2024-12-31.
Request the full payment plan for Elara
Our team will send you the complete payment schedule, floor plans and current offer from Meraas.
- • Full payment plan + down payment
- • Available unit types and launch prices
- • Early-bird offers before public launch
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Frequently asked questions about Elara
- What is the handover date for Elara?
- Elara is scheduled for handover in Q4 2027.
- What is the starting price of Elara?
- Prices start from AED 2,280,000. Contact our team for current availability.
- Who is the developer of Elara?
- Elara is being developed by Meraas.
- Where is Elara located?
- Elara is located in Madinat Jumeirah Living, Umm Suqeim, Dubai, UAE.