Madinat Jumeirah Living - Elara
About Madinat Jumeirah Living - Elara
(sq. ft.)
Elara is the eighth phase of Madinat Jumeirah Living by Meraas, which is adjacent to the iconic Burj Al Arab. The project comes as part of the Urban Edition collection, following the success of Jomana. It features an array of 1-3 bedroom apartments and three 4-bedroom penthouses for acquisition.
The property sizes range from 716 sq. ft to 10,059 sq. ft. Among the key features of the layouts are a balcony and a laundry room. The 3- and 4-bedroom residences come with a maid’s room.
The development will house an array of world-class amenities for wellness and recreation. Among them are a swimming pool, a gym, a children’s play area and open spaces.
Property Information
- Location Madinat Jumeirah Living, Dubai, UAE
- Developer Meraas
- Status of Project In progress
- Type of Project Residential Tower
- Available Units 1-3BR Apartments, 4BR Penthouses
- Area from 716 sq. ft.
- Payment Plan 70/30
Floor Plans of Madinat Jumeirah Living - Elara
Apartment, 1A
Type:
1 Bedroom
Total Area:
729 sq. ft.
Starting Price:
2,300,000 AED
Apartment, 2B
Type:
2 Bedrooms
Total Area:
1,415 sq. ft.
Starting Price:
3,130,000 AED
Apartment, 3A
Type:
3 Bedrooms
Total Area:
1,926 sq. ft.
Starting Price:
5,600,000 AED
Penthouse, B4B
Type:
4 Bedrooms
Total Area:
4,441 sq. ft.
Starting Price:
10,950,000 AED
Reflection Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
|
|
1 Bedroom | 1A | Apartment | 729 sq. ft. | 2,300,000 AED |
|
1 Bedroom | 1D | Apartment | 955 sq. ft. | Ask for Price |
|
|
2 Bedrooms | 2B | Apartment | 1,415 sq. ft. | 3,130,000 AED |
|
2 Bedrooms | 2E | Apartment | 1,779 sq. ft. | Ask for Price |
|
|
3 Bedrooms | 3A | Apartment | 1,926 sq. ft. | 5,600,000 AED |
|
3 Bedrooms | 3B | Apartment | 2,347 sq. ft. | Ask for Price |
|
|
4 Bedrooms | B4B | Penthouse | 4,441 sq. ft. | 10,950,000 AED |
Property Prices
As of September 2023, the starting price for an apartment is AED 2.3M (USD 626K). A penthouse can be acquired for a minimum of 10.95M (USD 2.98M).
*The price is valid for 2023
Payment Plan
Location
Elara will be situated near both Jumeirah Beach Road and Jumeirah Street, ensuring easy access to the rest of the city. For instance, it will take you just 20 minutes to reach Bluewaters Island, JBR and Dubai International Airport, among other popular locations.
The public transport infrastructure is excellent in the surrounding area: within walking distance are the Wild Wadi 1, Burj Al Arab Hotel 1 and Burj Al Arab Hotel 2 bus stops, as well as others.
The development is surrounded by a number of essential facilities, from nurseries and grocery stores to banks and medical centres. A few examples can be found below:
- Golden Beach Nursery
- First Steps Nursery Montessori
- Seven D Medical Center
- Emirates NBD
- Omar Al Muhairi Grocery
- F&B: Kayto, Attibassi Coffee, Sugarmash, etc.
To have a fun-filled time with your family and friends, a visit to Umm Suqeim Beach, Pavilion Marina and Sports Club, and Souk Al Bahar, among other iconic destinations, all come highly recommended.
Economic Appeal
By investing in Elara, you will become eligible for a 10-year Golden visa. This allows you to sponsor not only your spouse and children, but also domestic staff. For more information about the visa, please contact our agents.
The development is due for completion in Q4 2026. While it is under construction, you can take advantage of a convenient 70/30 payment plan, which includes a 20% booking fee.
It is worth noting that in the previous phase of MJL Jomana, 1-bedroom apartments were priced at a minimum of AED 1.91M (USD 520K). As you can see, the starting cost of the units in the current phase have increased by approximately 20%, amounting to AED 2.3M (USD 626K). This means that properties in Elara have strong resale potential, which will allow you to generate excellent profit.
Elara real estate is also an excellent rental option, as 1-bedroom apartments in Madinat Jumeirah Living offer a gross ROI of 7.5% on average. The starting ental price is AED 115K (USD 31K) per annum. Such high indicators demonstrate that you can make significant profit should you decide to let out your unit and increase your capital.
*The price is valid for 2023
FAQ
Meraas is the developer of Elara.
It is part of Madinat Jumeirah Living in Umm Suqeim.
Among proposed units are 1-3 bedroom apartments and 4-bedroom penthouses.
The development is due for completion in Q4 2026.
You can take advantage of an excellent 70/30 payment plan, which includes a 20% booking fee.
As of September 2023, the starting price for an apartment is AED 2.3M (USD 626K). A penthouse can be acquired for a minimum of AED 10.95M (USD 2.98M).
Yes, you can obtain residency if you decide to invest in Elara real estate.
You and your family have the opportunity to obtain a 10-year Golden visa, priced at AED 2M (USD 545K).
Yes, since the project is freehold.
Elara real estate is an excellent investment, as 1-bedroom apartments in Madinat Jumeirah Living offer a gross ROI of 7.5% on average. The starting rental price is AED 115K (USD 31K) per annum.
It is a great residential option for singles, young couples and families with children. The infrastructure of the development is outstanding.
Madinat Jumeirah Living is located in one of Dubai’s most prestigious areas, with easy access to numerous amenities. These include Golden Beach Nursery, First Steps Nursery Montessori, Seven D Medical Center and Emirates NBD, to name a few.
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Metropolitan Premium Properties
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+971 54 321 9259
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Office 1913, Al Manara Tower,
Business Bay, Dubai, UAE
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