Elara
Project Overview
Elara is Meraas' latest phase of the ambitious Madinat Jumeirah Living project. The development consists of three buildings, all of them have a basement and a ground level with a roof, while Building A and Building B have nine residential floors and Building C has ten residential floors. The complex offers a selection of exquisite 1-3 bedroom apartments and four-bedroom penthouses that epitomize elegance, comfort and modern living. The interior design of the Elara apartments has been carefully considered to provide residents with a stylish and sophisticated living experience in the heart of Dubai. Each of the apartments is carefully planned with a blend of contemporary design and classic charm. Large windows let sunlight into the living spaces, built to maximize natural light. Elara provides individual terraces or balconies. Elara's amenities include barbecue areas, underground parking, community center, kindergarten, fitness studios, gyms, jogging and cycling paths, landscaped walkways, parks and open spaces, playgrounds, retail outlets, stores, swimming pools, terraces and guest parking. One of the main features of the complex is its location. The Dubai Mall is approximately 16 minutes away, the Palm Jumeirah is 13 minutes away, the Burj Al Arab is 9 minutes away and The Walk JBR is 17 minutes away.
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.
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
Astraterra Properties
Official Documents
Download official marketing materials from Meraas Developer.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
MJL (Madinat Jumeirah Living)
Nearby Destinations
Developer and Project Facts
Elara by Meraas Developer
Located in MJL (Madinat Jumeirah Living)
Starting from AED 2,740,000
Unit mix includes 1 BR, 2 BR, Apartments
Expected handover: Dec 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae