Invest in Elara by Meraas

Freehold residences in Madinat Jumeirah Living with modern urban design

  • Prime Location Freehold in Jumeirah
  • Unit Diversity 1-4BR Luxury Units
  • ROI Potential ~6.5% Est. Yield
  • Starting Price: AED 2,3M (USD 626K)
  • Payment Plan: 70/30
  • Handover: Q4 2026

About Elara

Contemporary Living Opposite Burj Al Arab

Elara features exquisitely designed 1 to 3-bedroom apartments and 4-bedroom penthouses, ranging from 725 sq ft to over 4,441 sq ft. The architecture represents a unique blend of traditional and contemporary philosophy, set amidst enriching green spaces. Amenities include premium pools, gyms, and private entrances.

Project details
Developer
Location
Payment Plan
Area
Property Type
  • Meraas
  • Madinat Jumeirah Living
  • 70/30
  • 725 – 4,441 sq ft
  • Apartments & Penthouses
Sviatlana Makutsenia
Real Estate Expert
666
USD/ sq. m (2023)
856
28.5%
USD/ sq. m (2024)
* Price increase per sq. m for apartments, according to Property Monitor
115
USD/ sq. m (2023)
209
81,7%
USD/ sq. m (2024)
* Price increase per sq. m for land plots, according to Property Monitor

Economic Appeal

Prime Investment in Jumeirah

Madinat Jumeirah Living offers rare freehold ownership in one of Dubai's most prestigious districts. The area commands high demand due to its proximity to business hubs like Dubai Media City and major tourist landmarks. With rental yields for comparable properties in the district averaging ~6.5% and 1-bedroom rents often exceeding AED 130K/year, Elara presents strong capital appreciation potential.

Payment Plan

70/30 Payment Plan

Enjoy a 70/30 payment plan with 20% due on booking, staged installments of 50% during construction until July 2025, and the final 30% payable on handover in Q4 2026.

For Booking
  • 20%
On Construction
  • 50%
    On Handover
    Q4 2026
    • 30%
    Floor Plans
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    For Booking
    On Construction
    On Handover
    Floor Plans
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    Brochure
    Download PDF Brochure
    For Booking
    On Construction
    On Handover
    Floor Plans
    Download All Floor Plans
    Brochure
    Download PDF Brochure
    For Booking
    On Construction
    On Handover
    Floor Plans
    Download All Floor Plans
    Brochure
    Download PDF Brochure

    After completion, you have 3 options:

    Sell and benefit from the potential strong capital gains
    Rent out and earn passive income
    Move into your new home
    Rare Freehold Status
    Madinat Jumeirah Living is one of the few freehold communities in the prestigious Jumeirah district, open to international investors.
    Iconic Landmarks
    Residents enjoy magnificent views of the Burj Al Arab and the pristine Jumeirah beach shoreline, enhancing long-term asset value.
    Connectivity
    The development is minutes from major transport links, Sheikh Zayed Road, and key commercial hubs like Dubai Media City.
    Why you will love this place
    Why you will love this place

    Family SpacesThe community features children’s play areas, open spaces, and enriching green walkways surrounded by nature.

    Why you will love this place
    Why you will love this place

    Fitness & WellnessState-of-the-art gyms and fitness centres are integrated into the community to support an active lifestyle.

    Why you will love this place
    Why you will love this place

    Resort-Style PoolsPremium swimming pools are set under the shade of lush palms, offering a serene environment for relaxation.

    Why you will love this place
    Why you will love this place

    Infinity pool

    A range of cafes and gourmet restaurants are located near the residential complex

    Why you will love this place
    Why you will love this place

    F&B services

    A range of cafes and gourmet restaurants are located near the residential complex

    Meraas is a leading developer known for delivering creative spaces and landmarks such as Bluewaters Residences, City Walk, and Port de La Mer. Their portfolio defines Dubai’s urban luxury, focusing on sophisticated, innovation-led residential developments.

    Location & Advantages

    Connected to the Best of Dubai

    Elara is located in Madinat Jumeirah Living, adjacent to the Burj Al Arab and Jumeirah Beach Hotel. The community offers sanctuary while remaining minutes from international trade hubs, tourism centers, and retail destinations. It is well-connected via Sheikh Zayed Road and public transport links.

    Schools
    Restaurants
    Medical Facilities
    Pharmacies
    Shops
    Schools
    Restaurants
    Medical Facilities
    Pharmacies
    Shops
    Social Facilities

    Residents have immediate access to world-class retail and entertainment.

    • Mall of the Emirates 5 min
    • Souk Madinat Jumeirah 5 min
    • Dubai Marina 15 min
    Education & Medicine

    The development is close to top-tier schools and healthcare facilities.

    • Dubai Knowledge Park 10 min
    • Al Zahra Hospital 10 min
    • Kings' School Dubai10 min
    Culture

    Experience Dubai’s heritage and luxury tourism landmarks.

    • Burj Al Arab 5 min
    • Wild Wadi Waterpark 5 min
    • Palm Jumeirah 15 min
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    Metropolitan Group — A Leader in the International Real Estate Market

    Metropolitan Group is a prominent leader in the UAE real estate market, with 16 years of experience and a stellar reputation. With offices in Dubai, Abu Dhabi, Ras Al Khaimah, and Vienna, we are committed to providing clients with exceptional service and a professional approach.

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    120+ Awards
    from prestigious organizations
    Since 2008
    Your partner in successful investments
    500+ agents
    Who specialize in your target area
    120,000 customers
    Purchased a property from us in the UAE
    AED 11 Billion
    Amount of real estate sold by us in 2022
    60+ Languages
    Spoken by our agents and team
    90,000+ objects
    Sold, rented, and leased throughout the UAE
    Strategic Investment Solutions
    Our investment experts help you identify properties with the highest growth potential and attractive returns.
    Exclusive access to the best properties
    With a team of 500+ agents, we offer tailored advice across various property segments.
    End-to-End Support
    Rely on our team of legal specialists for smooth property transactions, residence visa assistance, and complete guidance on the UAE market.

    6 Steps to Success with Metropolitan

    Find your ideal property effortlessly with our proven 6-step process, designed for a smooth and successful experience from start to finish.

    16+ years of excellence in UAE
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    01
    Book a call with us
    Understand investor’s goals and preferences
    Provide an overview of the Dubai real estate market and available opportunities
    02
    Select your dream property
    Browse a detailed portfolio of projects and areas, and a personalised list of exclusive properties
    Discuss potential returns, market trends, and investment strategies
    03
    We will prepare the documents
    Provide guidance on payment schedules and financial planning
    Navigate legal complexities with ease and ensure compliance with local regulations
    04
    Pay booking fee to the developer
    Discuss installment plans, handover timelines, and legal details
    Pay your booking fee easily online
    05
    We will do the property snagging
    Manage the transaction process, ensuring a smooth and hassle-free experience
    Oversee the final handover of the property and address any last-minute concerns
    06
    Post-Handover Services
    Offer property management services, including tenant placement and maintenance
    Provide guidance on resale opportunities, market timing, and exit strategies

    What Clients Speak about Us

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    Madinat Jumeirah Living

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    AED 2,3M (USD 626K)
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    Download all floor plans

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