About Elara
Status
Under construction
Deadline
Q4 2026
Developer
Meraas
District
Madinat Jumeirah Living
Squares
from 721 sq ft
Price
Status
Deadline
Developer
District
Squares
Price
Elara, a residential complex, is the eighth phase of the Madinat Jumeirah Living project by Meraas. It boasts a unique location, with residents essentially living opposite the iconic sail-shaped Burj Al Arab hotel. Buyers will have access to three penthouses, each with four bedrooms, as well as apartments ranging from one to three bedrooms.
The final stage of construction is scheduled for the fourth quarter of 2026. Currently, the project is in its initial phase, allowing future owners to make a 20% down payment and pay the remaining 70% upon completion.
One of the advantages of purchasing this type of property is the possibility of obtaining a ten-year Golden Visa. With this visa, property owners can potentially sponsor their families and relocate their entire support staff to the Emirates. If you need more details on this matter, please don’t hesitate to contact our agency representatives. The value of the previous phase of the project, MJL – Jomana, started at AED 1.91 million (USD 520,000). The prices for this phase are expected to increase by approximately 20%, reaching a range of up to AED 2.3 million (USD 626,000). Consequently, reselling the property in the future could significantly improve your financial prospects. This is supported by the fact that the average yield in Madinat Jumeirah Living is 7.5%, with an initial annual rental rate of AED 115,000 (USD 31,000).
Property Types:
Apartments
Penthouses
first installment
20%
under construction
50%
on key handover
30%
Residents of the Elara complex will enjoy numerous comfortable amenities. Apartment owners will have access to a swimming pool, a fitness center for their workouts, and a cozy and safe children’s play area.
The apartment sizes range from 67 square meters to 935 square meters. Each residence is complemented by a balcony offering pleasant views of the surroundings. Additionally, there will be laundry facilities available. In the 3-4 bedroom apartments, a special relaxation room will be provided.
Pool
Sports Hall
Children playground
Barbecue area
24/7 security
Covered parking
Cafes and restaurants
The convenient transportation network is one of the advantages of living in the Elara complex. For those who prefer not to use private transportation, there are public transportation services such as bus stops located nearby, including Wild Wadi 1, Burj Al Arab Hotel 1, Burj Al Arab Hotel 2, and more.
The location of the residential complex in close proximity to Jumeirah Beach Road and Jumeirah Street allows residents to easily reach almost any part of the emirate. The road to Bluewaters Island, JBR, and Dubai International Airport by car will take just over 20 minutes.
In addition, residents of the complex can avail themselves of various social amenities, from nurseries to banking facilities:
For family leisure activities, there are plenty of interesting options, including visits to Umm Suqeim Beach, Pavilion Marina and Sports Club, or Souk Al Bahar.
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