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Madinat Jumeirah Living

Elara

1 BR · Apartment · 2 bathrooms

Price history

Listed since 16 September 2026. The price has been cut once — dates and figures from the listing itself.

  1. 17 September 2026 AED 2,550,000
  2. 18 September 2026 AED 2,373,000 -7%

About the building

Located in Madinat Jumeirah Living. Architect — Conin Incorporated Consultants.

Specifications for Elara per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

Where it is

The pin is placed by project — accurate to the development, not the door.

Madinat Jumeirah Living

Madinat Jumeirah Living: a low-rise Arabesque community opposite Burj Al Arab, and one of the few genuinely walkable places in Dubai.

  • walkable low-rise living
  • end-user resale demand
  • long-term holds

What to check: Orientation within the courtyard matters more than floor level here, and afternoon sun exposure varies considerably between buildings. View at the time of day you would actually use the terrace.

Full district guide →
Video

Video: Elara

Reviews from the English YouTube channel — each one with a written breakdown on this site.

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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