Elara is the eighth phase of Madinat Jumeirah Living (MJL) by Meraas, a prestigious developer famous for creating world-class destinations. This particular exclusive, low-rise residential development comprises five-story buildings showing a total of 326 luxury apartments and penthouses. The project introduces a modern architectural philosophy while maintaining the traditional charm of the Jumeirah neighborhood.

Strategically located within the MJL community, Elara offers a unique, inspired lifestyle with unparalleled convenience. Residents tend to enjoy quick access to key roadways like Umm Suqeim, seamless connectivity to key districts, plus a stunning backdrop of the iconic Burj Al Arab. Elara redefines modern living by harmoniously blending architectural brilliance, sustainable design, and resort-style amenities, making it a compelling choice for both urban professionals and discerning investors. The development is a freehold property for all nationalities. The government fee is typically 4% DLD.

Property Details

Location & Connectivity

Elara’s prime location in Madinat Jumeirah Living provides excellent connectivity to Dubai’s central hubs and major landmarks:

• 02 minutes – Sheikh Zayed Road
• 05 minutes – Mall of the Emirates
• 05 minutes – Dubai Media City
• 08 minutes – Dubai Internet City
• 15 minutes – Dubai Marina
• 20 minutes – Dubai International Airport (DXB)
• Direct Access to Jumeirah Street and Umm Suqeim Street.

Why Invest in Elara at MJL

• Exceptional Location: Situated in the highly sought-after, prestigious, and rare freehold community of Madinat Jumeirah Living.
• Iconic Views: Offers direct, stunning views of the Burj Al Arab and the Arabian Gulf, ensuring high long-term value.
• Strong Developer Pedigree: Developed by Meraas, a developer known for high-quality, destination-defining projects in Dubai.
• High ROI Potential: 1-bedroom apartments in the community have historically yielded a gross ROI of approximately 7.5%.
• Attractive Payment Plan: The 70/30 post-handover payment plan provides favorable terms for investors and end-users.

Resort-Style Living: Seamlessly blends modern luxury with the traditional charm of Jumeirah, steps from Souk Madinat Jumeirah and the beach.

End Description

Features

Card Down payment: 20%

Card During Construction: 50%

Card On Completion: 30%

Location

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Floor Plan Tab

For: 1 Bed-Room
Starting Price: Aed 2,300,000
Average Area: Call Us

For: 2 Bed-Room
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For: 3 Bed-Room
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