Elano
Apartment
About the building
10-storey residential building in Arjan. Developer — Oro 24 Developments. Architect — National Engineering Bureau.
What the building has
- Park and landscaping
Where it is
The pin is placed by project — accurate to the development, not the door.
Arjan
A dense apartment district beside Dubai Science Park, best known to visitors for Miracle Garden and to investors for its yields.
- above-average yields
- low entry price
- proximity to Dubai Science Park
What to check: Check the handover schedule for the plots around you. In a district with continuing supply, several hundred near-identical units completing in the same quarter softens rents for a full letting season.
Full district guide →Questions and answers about lot NP11-108775
How much is this apartment in Elano?
Lot NP11-108775 is priced at AED 650 000, about $177 000. The size is 366 sq ft (34 m²), which works out at AED 1 776 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Elano?
The database holds 2 lots in Elano right now, from AED 650 000 to AED 1 100 000.
Is this expensive or cheap for Arjan?
The database holds 40 lots in Arjan, starting from AED 570 000. The area median is AED 1 674 per sq ft; this lot, at AED 1 776, is 6% above it. 6 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Arjan area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 130 000; a loan of AED 520 000 over 25 years at 3.75–4.99% a year comes to roughly AED 2 700–3 000 a month. A non-resident puts down from 40% (AED 260 000) and pays about AED 2 000–2 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 26 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
The lot's price is AED 100 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 350 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about Elano?
The building has 10 floors and 335 units. The developer is ORO24. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP11-108775 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
More in this building
Nearby in Arjan
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram