Elmora
Off-Plan

Elmora

From AED 1.15M·Handover Feb 2028·10% down payment Payment
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AED 1.15M
Starting Price
Feb 2028
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Elmora is a residential complex developed by Neoterra Developments and represented by GRID Properties, located in Jumeirah Garden City, Dubai. The project features a modern building that includes a ground floor, two podium levels, and eight residential floors, where elegant architecture is harmoniously combined with functionality and refined style. Light façades, panoramic glazing, and green terraces create an atmosphere of privacy and harmony with the surrounding environment. The complex offers studios and one- and two-bedroom apartments, designed with premium materials and a contemporary aesthetic. The interiors are distinguished by thoughtful ergonomics and attention to detail — soft tones, exquisite textures, and high-quality craftsmanship create a sense of warmth and comfort. The complex provides residents with a wide range of premium amenities, including an infinity pool with panoramic views, a modern gym, jacuzzi, sauna, lounge areas, landscaped gardens, a contemporary co-working space, and a jogging track. Thanks to its prime location, it takes about 16 minutes to reach Dubai International Airport, 17 minutes to Burj Khalifa and Dubai Mall, 38 minutes to Burj Al Arab, and approximately 40 minutes to Palm Jumeirah and JBR Beach.

Project Specifications
DeveloperNeoterra Real Estate Development
LocationJumeirah Garden City
Unit Types1 BR, 2 BR, Apartments
AreaJumeirah Garden City
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 49,627 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,674
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 74,757 / 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
Elmora launch basis1,278AED 1.15MCurrent launch / asking basis
Jumeirah Garden City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Jumeirah Garden City 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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Elmora official render 1

Elmora official render 1

Elmora official render 2

Elmora official render 2

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Elmora official render 5

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Elmora official render 9

Elmora official render 10

Elmora official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Neoterra Real Estate Development.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

Billiards
Central A/C
Concierge Service
Coworking zone
Electric Vehicle Charger
Housekeeping Services
Infinity pool
Jogging tracks
Landscaped garden
Laundry
Leisure areas
Lift
Lobby
Lounge
Parking
Pool Deck
Recreational areas
Resting Areas
Sauna
Security and CCTV
Shared Jacuzzi
Shared gym & fitness
Sitting Area
Smart home
Social zone
Theater
Walking paths

Location

Jumeirah Garden City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Garden CityJumeirah Garden CityDubai, UAE

Developer Track Record

01

Elmora by Neoterra Real Estate Development

02

Located in Jumeirah Garden City

03

Starting from AED 1,150,112

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Feb 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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