ELAR1S Sky — project image
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ELAR1S Sky

From AED 1.24M·Handover Dec 2028·20% down payment Payment
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AED 1.24M
Starting Price
Dec 2028
Handover
20% down payment
Payment Plan
1 BR · Apartments
Type

Project Overview

ELAR1S Sky is a residential development by Object One Real Estate Development, located in the Jumeirah Village Triangle area. The project is inspired by the concept of light, air, and the modern rhythm of the metropolis. The building’s architecture combines smooth lines, glass façades, and elegant geometry, creating a refined and distinctive silhouette within the urban landscape. The complex comprises a basement, ground floor, five parking levels, a mechanical floor, thirty seven residential floors, and a roof. Available units include studios, 1- and 2-bedroom apartments, and commercial spaces. Spacious layouts, floor-to-ceiling windows, and premium finishes create an atmosphere of openness and sophistication, combining aesthetics with functionality. Residents of ELAR1S Sky can enjoy a wide range of amenities, including an infinity pool, fitness center, crossfit area, children’s pools and playrooms, barbecue areas, and landscaped courtyards for relaxation. Ideally located in Jumeirah Village Triangle, the complex provides easy access to shopping centers, parks, and educational institutions. It’s just 9 minutes to Dubai Miracle Garden, 15 minutes to Circle Mall, 17 minutes to Dubai Hills Mall, 22 minutes to Palm Jumeirah, and 27 minutes to Legoland Dubai. The location offers the perfect balance between peaceful residential living and proximity to Dubai’s main attractions.

Project Specifications
DeveloperObject One Real Estate Development
LocationJumeirah Village Triangle (JVT)
Unit Types1 BR, Apartments
AreaJumeirah Village Triangle (JVT)
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 53,481 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,580
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 570,135 / 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 Object One Real Estate Development.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

BBQ
Children’s pool
Club house
Covered Kids Play Area
Covered Parking
Crossfit zone
Infinity pool
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Lounge
Open Kids Play Area
Parking
Pool Deck
Pool Lounge
Recreational areas
Retail outlets
Shared Pool
Shared gym & fitness
Smart home
Social zone
Sunken Seating

Location

ELAR1S Sky location map
Project location

Nearby Destinations

Jumeirah Village Triangle (JVT)

Developer and Project Facts

01

ELAR1S Sky by Object One Real Estate Development

02

Located in Jumeirah Village Triangle (JVT)

03

Starting from AED 1,239,423

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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