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
Price from
AED 2.3M
entry price
Bedrooms
1BR-4BR
Apartments
Handover
Q4 2026
Off-Plan
Est. gross yield
On ask

Elara Building 1 is an apartment development by Meraas in Madinat Jumeirah Living, Dubai. The project offers 1BR to 4BR homes. Unit sizes run from 729 to 4,533 sqft. Launch pricing starts at AED 2,300,000. The published payment plan is 70/30: 20 percent on booking, 50 percent during construction, 30 percent on handover. Handover is scheduled for Q4 2026. Amenities include parking spaces, gym or health club, swimming pool, day care center, kids play area. Dubai is freehold for all nationalities, with no annual property tax, and a purchase at AED 2 million or above supports a ten year Golden Visa.

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 Spotted something out of date?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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