Developer: Meraas Holding · Elara
Elara 1 is a residential project by Meraas in Elara, Dubai, with prices from AED 2 300 000, handover Q4 2026, construction 64.3% complete per the DLD registry, 236 units.
| Type | Units | Size, sq.ft |
|---|---|---|
| 1 Bedroom | 103 | 717–1 350 |
| 2 Bedroom | 105 | 1 248–1 788 |
| 3 Bedroom | 23 | 1 927–2 356 |
| 4 Bedroom | 3 | 3 692–4 533 |
| NA | 2 | 973–1 403 |
All units are freehold. Data from the DLD registry.
The purchase price is split into these stages.
The exact schedule is confirmed in the sale agreement for the selected unit.
Data from the Dubai Land Department project registry (updated 25.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: Meraas · District: Elara
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 29.07.2026 | 2 BR | 166.2 | 1 386 000 |
| 01.07.2026 | 2 BR | 146.9 | 4 100 000 |
| 11.05.2026 | 2 BR | 115.9 | 3 587 000 |
| 11.05.2026 | 2 BR | 141.2 | 4 700 014 |
| 19.02.2026 | 2 BR | 131.5 | 3 900 013 |
| 22.01.2026 | 1 BR | 67.0 | 2 533 000 |
| 09.01.2026 | 2 BR | 165.4 | 3 650 000 |
| 25.12.2025 | 2 BR | 131.9 | 4 050 000 |
| 17.12.2025 | 1 BR | 54.2 | 1 879 862 |
| 21.11.2025 | 1 BR | 89.5 | 2 475 000 |
| 10.11.2025 | 1 BR | 67.0 | 2 681 000 |
| 22.10.2025 | 1 BR | 125.4 | 3 800 000 |
| 14.07.2025 | 1 BR | 67.7 | 2 500 589 |
| 05.05.2025 | 2 BR | 146.2 | 3 900 000 |
| 17.03.2025 | 2 BR | 146.2 | 3 980 000 |
| 17.03.2025 | 1 BR | 67.7 | 2 582 000 |
| 21.01.2025 | 1 BR | 67.7 | 2 372 000 |
| 04.12.2024 | 2 BR | 131.5 | 3 700 000 |
| 30.10.2024 | 2 BR | 147.1 | 3 590 000 |
| 28.10.2024 | 2 BR | 141.2 | 4 500 000 |
Dubai Land Department transaction registry, updated 2026-08-24. Explore Dubai property transactions →
Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.
The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved 0% over the same period, so the building grew faster.
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| 1 bedroom | 68 | 2 538 000 | 37 324 | 111 |
| 2 bedrooms | 146 | 3 630 000 | 24 863 | 118 |
| 3 bedrooms | 179 | 6 875 000 | 38 408 | 23 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
From 2023 to 2025 — +5% on the price per square metre in this building. The district moved +12% over the same period, so the building lagged the market.
Top to bottom: purchase price per m², year, annual rent per m², gross yield.
All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
Elara 1 is a residential development by Meraas within Madinat Jumeirah Living in Umm Suqeim 3. It forms part of the Urban Edition and includes one-, two- and three-bedroom apartments alongside four-bedroom penthouses. The development is active, with 64.27% completion recorded on 20 July 2026 and completion dated 25 November 2026.
Elara 1 sits within Madinat Jumeirah Living, a residential community in Umm Suqeim 3. The development is positioned adjacent to Burj Al Arab and close to Jumeirah Beach Hotel, Wild Wadi Waterpark, shopping malls, public transport links and schools. Elara is part of the Urban Edition at Madinat Jumeirah Living, following Jomana as the newest phase of that collection. The setting includes green promenades, parkland and views towards the surrounding Jumeirah area. The community is described through a combination of contemporary residential design, landscaped spaces and the traditional character associated with the nearby Madinat Jumeirah area. The registered Elara development comprises three residential buildings with a combined 236 units, including 234 residential units and two retail units.
Elara 1 offers one-, two- and three-bedroom apartments, as well as four-bedroom penthouses. The homes follow a contemporary design direction with modern interiors and open, flowing spaces. The architecture is intended to remain connected to the wider character of Madinat Jumeirah Living while introducing a modern residential expression. Views of Burj Al Arab form a key aspect of the development, and some east-facing homes look towards the landmark. The wider setting also includes sea-front views and sunset vistas. Within the registered project, Building A is configured as basement, ground floor, nine floors and roof, with 82 residential units. Building B has basement, ground floor, nine floors and roof, with 64 residential units and two retail units, while Building C has basement, ground floor, 10 floors and roof, with 88 units.
Elara 1 is planned around the landscaped setting of Madinat Jumeirah Living. The available facilities include a lobby, swimming pools, play areas, fitness centres, a sports park, parkland and green promenades. A swimming pool under palm trees is featured within the development, together with spacious green landscapes. The community’s parkland incorporates facilities intended for different age groups, including play areas, fitness facilities, swimming pools and the sports park. These elements place outdoor recreation and landscaped circulation within the residential setting. The development’s amenity programme combines the swimming pools and fitness centres with play areas and open green space, while the lobby provides an arrival point for residents and visitors.
Madinat Jumeirah Living is close to Souk Madinat Jumeirah, Jumeirah Beach and Burj Al Arab. Souk Madinat Jumeirah is five minutes away by car, while Mall of the Emirates is also five minutes away. Jumeirah Beach Residence and Bluewaters Island are each 10 minutes away, and Dubai Marina is 15 minutes away. Dubai International Airport is 20 minutes away. Madinat Jumeirah is 0.9 km from Elara 1, while Wild Wadi is 1.0 km away. Sunset Beach and Umm Suqeim Park are both 1.8 km away. Vox Cinemas at Mall of the Emirates is 1.7 km away, and Emirates Golf Club is 5.9 km away. Kings’ School Dubai is 0.5 km away and Raffles International School is 0.7 km away.
Prices for Elara 1 start from AED 2.3 million. The payment plan is structured as 20% on booking, 50% during construction through the first to fifth instalments, and 30% on handover. This is a 70/30 plan, with 70% payable before handover and the remaining 30% on completion. Handover is scheduled for Q4 2026. The project start date is 25 November 2023, and the recorded completion date is 25 November 2026. Elara is active and its completion ratio is 64.27%, based on the inspection dated 20 July 2026. The development has 236 units in total across its registered project scope.
Meraas is the developer of Elara 1. Its residential portfolio includes City Walk Residences, Bluewaters Residences, Nikki Beach Residences, BVLGARI Residences and Port de La Mer. Elara 1 forms part of Meraas’s Madinat Jumeirah Living community and its Urban Edition. The development combines apartment and penthouse layouts with the wider community’s landscaped parkland, green promenades, sports park, fitness centres, play areas and swimming pools. Meraas has positioned Madinat Jumeirah Living close to established Jumeirah destinations including Burj Al Arab, Jumeirah Beach Hotel, Wild Wadi Waterpark and Souk Madinat Jumeirah. Elara 1 is one of the residential projects within this master-planned setting.
Dubai market as a whole: prices, transactions and trends (DLD data) →
We will send floor plans, the payment plan and available units for this project.
Project data comes from the Dubai Land Department (DLD) registry.
