
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Elara launch basis | 3,044 | AED 2.74M | Current launch / asking basis |
| MJL (Madinat Jumeirah Living) ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| MJL (Madinat Jumeirah Living) premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |




















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Astraterra Properties
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MJL (Madinat Jumeirah Living)
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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Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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