Elan — project image
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Elan

From AED 4.15M·Completed Dec 2022·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 4.15M
Starting Price
Dec 2022
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
3 BR · Villa
Type

Project Overview

Elan - an exclusive gated development by Majid Al Futtaim, is part of the vibrant Tilal Al Ghaf project, which offers elegant 3 and 4 bedroom villas and townhouses surrounded by world-class amenities. The Elan development is located at the intersection of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street. The community has a variety of amenities such as nurseries, mosques, barbecue areas, swimming pools, an international educational school, a comprehensive medical facility to support health, and beachfront restaurants and cafes where you can enjoy food and drinks by the sea. The complex offers plenty of green spaces ideal for outdoor sports activities. The project is surrounded by many world-class facilities and prestigious neighbours including Dubai Sports City, Golf City and Jumeirah Golf Estate. From Elan, it takes approximately 28 minutes to Dubai Mall, 25 minutes to Palm Jumeirah, 24 minutes to Burj Al Arab and 27 minutes to Walk JBR. Dubai International Airport (DXB) is approximately 32 minutes‘ drive away and Al Maktoum International Airport is approximately 25 minutes’ drive away.

Project Specifications
DeveloperMajid Al Futtaim
LocationTilal Al Ghaf
Unit Types3 BR, Villa
AreaTilal Al Ghaf
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 179,072 / year
Cash-on-Cash
2.2%
Levered cashflow AED 42,122
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.91M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Majid Al Futtaim.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

BBQ
Basketball court
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Landscaped park
Outdoor cinema
Parking
Retail outlets
Shared Pool
Shared gym & fitness
Sports ground
Tennis court

Location

Tilal Al Ghaf

Nearby Destinations

Tilal Al Ghaf

Developer and Project Facts

01

Elan by Majid Al Futtaim

02

Located in Tilal Al Ghaf

03

Starting from AED 4,150,000

04

Unit mix includes 3 BR, Villa

05

Expected handover: Dec 2022

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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