Reemah Elite Real Estate
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Projects·Dubai·Madinat Jumeirah Living
Elara Building 1, apartments in Madinat Jumeirah Living, Dubai, by Meraas
Off-PlanApartments

Elara Building 1

Madinat Jumeirah Living · Dubai · by Meraas
Details are indicative, confirm with our desk before transacting
5 photos of Elara Building 1. Renders and photography supplied by Meraas.
Price from
AED 2.3M
entry price
Bedrooms
1BR-4BR
Apartments
Handover
Q4 2026
Off-Plan
Est. gross yield
On ask

Meraas is building Elara Building 1, an apartment project in Madinat Jumeirah Living, Dubai, offering 1BR-4BR. Its AED 2,300,000 entry is matched by 2 others of the 27 priced Madinat Jumeirah Living projects we track. AED 552,000 gets it started, being the 20 percent booking of AED 460,000 alongside AED 92,000 of transfer fee, registration charges excluded. The keys are due Q4 2026, roughly 3 months away, by which point AED 1,610,000 of the AED 2,300,000 will have fallen due. Of the 5 facilities on the list, the day care center and the parking spaces are the ones that stand out. AED 2,418,000 to AED 8,466,000 was the live spread over 13 units at our September 2026 check.

Why it makes the list
  • Launch price from AED 2,300,000
  • 70/30 payment plan
  • Handover Q4 2026
  • 1BR-4BR homes
Payment structure
70/30
Modelled on entry price AED 2.3M
Booking / down payment20% · AED 460,000
During construction50% · AED 1,150,000
On handover30% · AED 690,000

Payment plan as published on the developer's project listing, captured 2026-09-16. Confirmed with our desk before reservation. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.

Cost to entry
What it takes to secure a unit at Elara Building 1: the down payment plus government and trustee costs, before the mortgage question.
Down payment20%
AED 460,000
DLD fee4%
AED 92,000
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 556,500
Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.
Location
Madinat Jumeirah Living · Dubai
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MR
Developer
Meraas
Tier 1 developer · Master-developer of City Walk, Bluewaters and La Mer destinations; 80+ million sq ft developed in Dubai · since 2007
Track record →
Data provenance

Details for Elara Building 1 are compiled from the developer’s published project listing, captured 16 September 2026. Figures are indicative and are reconfirmed against Meraas’s current inventory before any reservation. Spotted something out of date? Tell us and we will check it against the source.

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