ELIRE Managed by LUX*
Off-Plan

ELIRE Managed by LUX*

From AED 2.61M·Handover Dec 2028·10% down payment Payment
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AED 2.61M
Starting Price
Dec 2028
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

ELIRE Managed by LUX* is a premium residential development by Qube Development, located in the prestigious Business Bay district. Created in partnership with the international brand LUX*, the project embodies a concept of refined, secluded living with contemporary architectural expression. The complex includes a basement level, a ground floor, three podium levels, twenty-three residential floors and a roof. The façade features vertical lines, deep recesses and panoramic glazing, creating a dynamic interplay of light, while interior spaces transition from open social areas to more private zones. Soft natural tones and elegant finishes contribute to a calm and modern atmosphere. Available units include 1–3 bedroom apartments and duplex residences with 3 and 4 bedrooms. Bright layouts, spacious terraces and thoughtful zoning offer the feel of an urban sanctuary. Residents enjoy a curated selection of premium amenities, including a rooftop infinity pool, spa area with sauna and beauty lounge, yoga and Pilates studios, lounge spaces, a club area, children’s playrooms, as well as paddle and basketball courts. Landscaped terraces and water features enhance the resort-like ambience. Its Business Bay location ensures quick access to key city destinations: Burj Khalifa, Dubai Mall, Dubai Opera and Dubai Canal are just minutes away, while DIFC and City Walk are around 10–15 minutes from the complex.

Project Specifications
DeveloperQube Development
LocationBusiness Bay
Unit Types1 BR, 2 BR, 3 BR, 4 BR, Apartments
AreaBusiness Bay
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 112,767 / year
Cash-on-Cash
2.2%
Levered cashflow AED 26,526
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 169,869 / 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
ELIRE Managed by LUX* launch basis2,904AED 2.61MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Qube Development.

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Enter your details to access brochures, floor plans & payment schedules

Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Bar
Basketball Half Court
Beauty Salon
Children’s pool
Cinema
Club house
Concierge Service
Conference room
Covered Kids Play Area
Covered Parking
Covered gym
Dining outlets (coffee houses & restaurants)
Driver Service
Housekeeping Services
Infinity pool
Landscape Open Areas
Landscaped garden
Laundry
Leisure areas
Lift
Lobby
Lounge
Meeting Room
Open Kids Play Area
Open air gym
Paddle court
Parking
Pool Deck
Pool Lounge
Recreational areas
Retail outlets
Rooftop Pool
SPA
Sauna
Security and CCTV
Shared gym & fitness
Sitting Area
Smart home
Social zone
Steam
Treatment Room
Valet parking
Yoga Area

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

ELIRE Managed by LUX* by Qube Development

02

Located in Business Bay

03

Starting from AED 2,613,375

04

Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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