Nourelle 1
Off-Plan

Nourelle 1

From AED 3.93M·Handover Jun 2029·20% down payment Payment
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AED 3.93M
Starting Price
Jun 2029
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Nourelle is the first of three remarkable buildings by Meraas, located within the Madinat Jumeirah Living community. The complex features a ground level and twelve residential floors, offering a thoughtfully curated collection of 1–4 BR residences. The exterior of the tower embraces a contemporary aesthetic: elegant façades with refined cutouts and lush green accents create a dynamic and sophisticated appearance. The architectural design maximizes natural light, promotes open and breathable spaces, and frames panoramic views of the city skyline and surroundings. The interiors reflect modern elegance and functional harmony. Each apartment features contemporary design with open layouts, floor-to-ceiling windows that fill the rooms with natural light, and premium materials that create an atmosphere of comfort and warmth. Residents will enjoy a wide range of amenities, including swimming pools, panoramic leisure decks, modern gyms and yoga studios, children’s play areas, pocket parks, and retail outlets. A skybridge with landscaped gardens and pools evokes the ambiance of a private resort in the sky. Nourelle is ideally situated next to Sheikh Zayed Road, just 5 minutes from Mall of the Emirates and 20 minutes from The Dubai Mall, surrounded by iconic landmarks such as Jumeirah Burj Al Arab, Jumeirah Marsa Al Arab, and Jumeirah Beach Hotel.

Project Specifications
DeveloperMeraas Developer
LocationMJL (Madinat Jumeirah Living)
Unit Types1 BR, 2 BR, 3 BR, 4 BR, Apartments, Penthouse
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 169,450 / year
Cash-on-Cash
2.2%
Levered cashflow AED 39,859
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 255,255 / 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
Nourelle 1 launch basis4,363AED 3.93MCurrent 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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Astraterra Properties

Official Documents

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Nourelle 1 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Community Lawn
Infinity pool
Kids Play Area
Landscaped park
Leisure areas
Lift
Lobby
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Shared Pool
Shared gym & fitness
Sitting Area
Sky Garden
Social zone
Walking paths
Yoga Area

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

Nourelle 1 by Meraas Developer

02

Located in MJL (Madinat Jumeirah Living)

03

Starting from AED 3,927,000

04

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

05

Expected handover: Jun 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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