Apartment in Dubai, UAE, 67 sq.m

Elara is the eighth phase of Meraas' Madinat Jumeirah Living community, which is located opposite the iconic sail-shaped Burj Al Arab hotel. The project will be part of the Urban Edition collection along with the successful Jomana complex. Elara features 1-3 bedroom apartments and three four-bedroom penthouses.

Property area – from 67 sq.m. m up to 935 sq. m. All residences will have a balcony and laundry room, and 3 and 4 bedroom apartments will have a maid's room.

Residents of the complex will enjoy first-class recreational and wellness amenities including a swimming pool, gym, children's play area and open spaces.

Location

Elara is located next to Jumeirah Beach Road and Jumeirah Street, giving residents easy access to the rest of the emirate. Bluewaters Island, JBR and Dubai International Airport are just 20 minutes' drive away.

In the vicinity of the complex there is a developed public transport infrastructure. Residents will be able to walk to bus stops Wild Wadi 1, Burj Al Arab Hotel 1, Burj Al Arab Hotel 2, etc.

Near Elara there are many essential amenities - from kindergartens and grocery stores to banks and medical centers:

Golden Beach Nursery;
First Steps Nursery Montessori;
Seven D Medical Center;
Emirates NBD;
Omar Al Muhairi Grocery;
F&B: Kayto, Attibassi Coffee, Sugarmash, etc.
You can have fun with family and friends if you visit Umm Suqeim Beach, Pavilion Marina and Sports Club or Souk Al Bahar.

Economic attractiveness

If you invest in Elara, receive a 10-year Golden Visa. It will allow you to sponsor not only your spouse and children, but also your household staff. For visa details, please contact our agents.

Construction of the complex should be completed in the fourth quarter of 2026. While the project is in its early stages, you can take advantage of an attractive 70/30 payment plan with a 20% down payment.

In the previous phase of MJL - Jomana - the cost of one-bedroom apartments started from AED 1.91 million (USD 520 thousand). In the new one, the minimum price increased by about 20% - to AED 2.3 million (USD 626 thousand). The upward trend in value confirms that you can make a good profit if you resell your property in Elara.

The average ROI for one-bedroom apartments at Madinat Jumeirah Living is 7.5%, and the starting annual rental price is AED 115 thousand (USD 31 thousand). Therefore, you can receive high passive income and increase your capital.