Developer Deal
Atelis
MeraasFrom
AED 2,050,000
Handover
Q3 2029
Payment Plan
75/25
Down Payment
20%
Back to Developer DealsDeveloperMeraasView developer profile
Elara
Madinat Jumeirah Living, Umm Suqeim, Dubai, UAE
DeveloperMeraasView developer profileDLD Waiver
—
Discount
—
Handover
Q4 2026
Post Handover
—
Payment Plan
70%
30%
20% down
About Elara
Elara is the eighth and newest phase of Madinat Jumeirah Living by Meraas, set opposite the iconic Burj Al Arab. Across three low-rise buildings, 234 residences blend contemporary design with Arabesque character. Choose 1–3 bedroom apartments or 4-bedroom penthouses with airy interiors, private balconies and walk-in closets. Surrounded by lush parks, pools and shaded walkways, Elara offers refined…
Project documents
Brochures
Not available yet
Payment schedule
Payment Plan 1262
- Deposit
- 20%
- During construction
- 50%
- On handover
- 30%
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 2026.
- What is the starting price of Elara?
- Prices start from AED 2,300,000. 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.