Home / Properties / Elire

Elire

Business Bay , Dubai

AED 2,500,000
≈ AED 2,500,000
Golden Visa Eligibility
Free Residency Visa
Construction Progress5%
Bedrooms
1
Size
611 sqft
Price/Sqft
AED 4,092
Developer

Description

QUBE Development, in collaboration with The Lux Collective, has unveiled Elire, a premium off-plan residential project in Dubai that will be operated under the prestigious LUX* hospitality brand. Introducing the first LUX* branded residences in the Middle East, the development will redefine modern living through a fusion of contemporary architecture, luxury and personalised hospitality.

Elire in Business Bay will comprise 100 upscale residences thoughtfully designed, emphasising natural light, open spaces and sensory-inspired details. Residents will enjoy a host of exclusive hospitality services, including concierge assistance, housekeeping, private dining, chauffeur facilities and rejuvenating spa treatments. The initial phase of the launch features fully furnished 3 and 4-bedroom duplex apartments with spacious layouts and high-end finishes.

Amenities & Features

Parking Spaces
Gym or Health Club
Swimming Pool

Property Details

Property TypeApartment
ProjectElire
CommunityBusiness Bay
CompletionOff-Plan - Q4 2028
Parking1 space
CityDubai
FurnishedUnfurnished

Investment Analysis

Acquisition Costs

Property PriceAED 2,500,000
DLD Fee (4%)AED 100,000
Trustee FeeAED 4,200
Agency (2%)AED 50,000
Total InvestmentAED 2,654,200

Expected Annual Returns

Expected Annual RentAED 192,500
Service Charges (Est)-AED 9,165
Net Annual IncomeAED 183,335
Net Annual ROI6.9% (after expenses)
Payback Period14.5 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 Khalifa0.9 km
Dubai Mall1.3 km
Dubai Airport (DXB)12 km
Mall of the Emirates10.5 km
Dubai Marina17.9 km