
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.
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 |
|---|---|---|---|
| ELIRE Managed by LUX* launch basis | 2,904 | AED 2.61M | Current launch / asking basis |
| Business Bay ready-stock comps | 1,900 | AED 1.71M | Indicative resale benchmark |
| Business Bay premium peer launches | 2,350 | AED 2.12M | New-launch peer set |
| Trophy alternative proxy | 2,950 | AED 2.65M | Higher-end anchor for negotiation context |

























ELIRE Managed by LUX* official render 1

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ELIRE Managed by LUX* official render 10
Astraterra Properties
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Business Bay
ELIRE Managed by LUX* by Qube Development
Located in Business Bay
Starting from AED 2,613,375
Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR
Expected handover: Dec 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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