Upper House
Off-Plan

Upper House

From AED 1.64M·Handover Dec 2026·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 1.64M
Starting Price
Dec 2026
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
1 BR · 2 BR
Type

Project Overview

Upper House is a premium complex from Ellington Properties in Jumeirah Lake Towers, consisting of two towers, each with its own characteristics. East Tower includes 2 basement levels, a ground floor, 5 podium floors and 31 residential floors. The West Tower, in turn, consists of a ground floor, 5 podium floors and 31 residential floors. The complex offers luxury studios and apartments with 1-3 bedrooms. Each residence is designed for the convenience of residents, functional and spacious, panoramic glazing adds natural light and opens up views of the surrounding area. The unique architecture is combined with high-quality interior decoration. The complex has a wide range of amenities for residents: a gourmet restaurant, a fitness center with modern equipment, a gym, play areas, a mini golf course and a tennis court, Spa areas and a yoga studio, a large swimming pool and a children's pool are located on the podium level, as well as conference rooms for business meetings and events. There are many attractions close to the complex. Jumeirah Lakes Park is a 2-minute drive away, Palm Jumeirah are a 15-minute drive away, while Burj Khalifa and Dubai Mall are about a 25-minute drive away. Within walking distance there are many restaurants and cafes, educational and medical institutions.

Project Specifications
DeveloperEllington Properties
LocationJumeirah Lake Towers (JLT)
Unit Types1 BR, 2 BR, Apartments
AreaJumeirah Lake Towers (JLT)
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 70,550 / year
Cash-on-Cash
2.2%
Levered cashflow AED 16,595
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 106,275 / 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
Upper House launch basis1,817AED 1.64MCurrent launch / asking basis
Jumeirah Lake Towers (JLT) ready-stock comps1,500AED 1.35MIndicative resale benchmark
Jumeirah Lake Towers (JLT) 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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Upper House official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Flexible Payment

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Floor Plans

Upper House — 1 Bedroom Floor Plan

Amenities & Lifestyle

Basketball court
Bike path
Central A/C
Children’s pool
Cinema
Covered Parking
Crossfit zone
Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Kids splash pad
Leisure areas
Lift
Lobby
Paddle court
Parking
Pets Allowed
Recreational areas
Retail outlets
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Tennis court
Walking paths
Yoga studio

Location

Jumeirah Lake Towers (JLT)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Lake Towers (JLT)Jumeirah Lake Towers (JLT)Dubai, UAE

Developer Track Record

01

Upper House by Ellington Properties

02

Located in Jumeirah Lake Towers (JLT)

03

Starting from AED 1,635,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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