Elara
Off-Plan

Elara

From AED 2.74M·Handover Dec 2026·Developer payment plan available Payment
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AED 2.74M
Starting Price
Dec 2026
Handover
Developer payment plan available
Payment Plan
1 BR · 2 BR
Type

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.

Project Specifications
DeveloperMeraas Developer
LocationMJL (Madinat Jumeirah Living)
Unit Types1 BR, 2 BR, Apartments
AreaMJL (Madinat Jumeirah Living)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 118,231 / year
Cash-on-Cash
2.2%
Levered cashflow AED 27,811
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 178,100 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Elara launch basis3,044AED 2.74MCurrent launch / asking basis
MJL (Madinat Jumeirah Living) ready-stock comps1,500AED 1.35MIndicative resale benchmark
MJL (Madinat Jumeirah Living) premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Elara official render 1

Elara official render 1

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Elara official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Meraas Developer.

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Payment Structure

Developer payment plan available

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Floor Plans

Elara — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Lobby
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

MJL (Madinat Jumeirah Living)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
MJL (Madinat Jumeirah Living)MJL (Madinat Jumeirah Living)Dubai, UAE

Developer Track Record

01

Elara by Meraas Developer

02

Located in MJL (Madinat Jumeirah Living)

03

Starting from AED 2,740,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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