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Elara Building 3

Umm Suqeim , Dubai

AED 2,300,000
≈ AED 2,300,000
Golden Visa Eligibility
Free Residency Visa
Construction Progress40%
Bedrooms
1
Size
721 sqft
Price/Sqft
AED 3,190
Developer

Description

Meraas introduces Elara Building 3 at Madinat Jumeirah Living, a remarkable addition to the community that offers a one-of-a-kind lifestyle experience in Dubai. This project is part of a complex consisting of three towers, showcasing modern design and cutting-edge interiors, complemented by its excellent location. Explore a variety of lavish apartments ranging from 1 to 3-bedrooms, as well as 4-bedroom penthouses that are available for purchase.
These units provide spacious living areas, bedrooms with en-suite bathrooms, well-equipped kitchens and a balcony. Residents have the privilege of enjoying breathtaking views of the iconic Burj Al Arab, pristine beaches and scenic pathways surrounding Elara Building 3 at Madinat Jumeirah Living, creating an immersive and truly exceptional way of living.

Amenities & Features

Parking Spaces
Gym or Health Club
Swimming Pool
Day Care Center
Kids Play Area

Property Details

Property TypeApartment
DeveloperMeraas
ProjectElara Building 3
CommunityUmm Suqeim
CompletionOff-Plan - Q4 2026
Parking1 space
CityDubai
FurnishedUnfurnished

Investment Analysis

Acquisition Costs

Property PriceAED 2,300,000
DLD Fee (4%)AED 92,000
Trustee FeeAED 4,200
Agency (2%)AED 46,000
Total InvestmentAED 2,442,200

Expected Annual Returns

Expected Annual RentAED 177,100
Service Charges (Est)-AED 10,815
Net Annual IncomeAED 166,285
Net Annual ROI6.8% (after expenses)
Payback Period14.7 years

How We Calculate These Numbers

The figures above are based on standard Dubai acquisition and income assumptions so you can compare properties consistently.

  • Total Investment = Property price + DLD fee (4%) + Trustee/registration fee + Agency (2% if applicable).
  • Net annual income = Expected annual rent − estimated service charges (e.g. based on AED per sqft).
  • Net ROI = (Net annual income ÷ Total investment) × 100.
  • Payback period = Total investment ÷ Net annual income (years).

Distance from Major Landmarks

Burj Khalifa10.8 km
Dubai Mall11.2 km
Dubai Airport (DXB)21.8 km
Mall of the Emirates1.4 km
Dubai Marina8 km