Elara
Elara Offered by Buy Dubai Off-Plan
Elara

Elara

by Meraas in Madinat Jumeirah Living View on map Handover soon

Starting price
AED 2,300,000
Payment plan
70/30
Handover
Q4 2026

≈ € 552,000

Project details

Starting price AED 2,300,000 ≈ € 552,000 What will my monthly payments be?
Payment plan 70/30 70% during construction, 30% at handover
Handover Q4 2026 Handover soon
Bedrooms 1234
Property type
Apartment, Penthouse
Floor area
68 to 421 m²
Developer
Meraas
Project brochure
Free, with no obligation

The Elara brochure

Download the brochure for Elara van Meraas in Madinat Jumeirah Living for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Elara

  • Prestigious location in Madinat Jumeirah Living with views of the iconic Burj Al Arab

  • Wide selection of apartments and penthouses with 1 to 4 bedrooms

  • Excellent accessibility to key hotspots such as Dubai Marina and Mall of the Emirates

  • Sustainable architecture and carefully selected amenities for a luxury lifestyle

  • Favourable payment plan with only 30% due upon completion in Q4 2026

Elara at Madinat Jumeirah Living (Dubai): Luxury homes by Meraas

Elara in Madinat Jumeirah Living is an exclusive residential development that combines luxury and comfort with an ideal location in Dubai. This project, developed by Meraas, offers a selection of 326 apartments and penthouses spread across five storeys. The residences range in size from 67.54 m² to 421.13 m², ensuring a suitable option for every lifestyle. Elara’s design stands out due to its harmonious blend of modern architecture and sustainable elements, resulting in a living environment that perfectly balances aesthetics and functionality. Its location within the Madinat Jumeirah Living community guarantees not only a serene living environment but also excellent connections to key landmarks and amenities. Whether it’s a relaxing day at the beach, an evening out at Souk Madinat Jumeirah, or a quick drive to the renowned shopping centres, everything is within easy reach. Elara promises a life where every day feels like a holiday, surrounded by the charm of traditional Dubai and the convenience of modern facilities.

Residences and Types

Elara offers a diverse range of residences, suitable for singles, couples, and families. The apartments are available in 1, 2, 3, and 4-bedroom configurations, with areas ranging from 67.54 m² to 421.13 m². The penthouses are the pinnacle of the project, offering spacious freedom and panoramic views over the Dubai skyline. Each interior is designed with meticulous attention to detail, where high-quality materials and intelligent layouts ensure optimal living comfort. Large windows allow natural light to flood in and enhance the feeling of space. The kitchens are equipped with modern appliances, and the bathrooms exude class with their finishes. For those seeking extra exclusivity, there are opportunities to customise the interior to personal taste. The diversity in unit types makes Elara an attractive option for both first-time buyers and experienced property investors. The combination of functionality and aesthetics ensures that every residence becomes a home to be proud of.

About the developer Meraas and the Elara design

Elara is a project by Meraas, a renowned developer in Dubai known for its innovative and high-quality real estate projects. The five-storey buildings are designed with a focus on sustainability and aesthetics, allowing them to fit perfectly within the prestigious Madinat Jumeirah Living. The architecture combines modern lines with traditional elements, resulting in a visually appealing whole. The building facades each tell their own story, contributing to the project’s unique appearance. Meraas has ensured that Elara is not only beautiful to look at but also practical in use. The common areas and amenities have been carefully selected to facilitate and enrich the lives of residents. These include swimming pools, fitness facilities, and green zones where residents can relax. The developer guarantees quality and reliability, making Elara a solid investment in Dubai’s dynamic real estate landscape.

Prime location in Madinat Jumeirah Living (Dubai) near key Dubai destinations

The location of Elara in Madinat Jumeirah Living is one of the project’s greatest assets. The neighbourhood offers a perfect balance between tranquillity and vibrancy, with the iconic Burj Al Arab as a breathtaking backdrop. The beaches of Jumeirah are within walking distance, while Souk Madinat Jumeirah with its traditional atmosphere and cosy restaurants is just around the corner. In terms of accessibility, Elara scores highly: Dubai Internet City and Dubai Media City can be reached within 8 minutes, while Dubai Marina and Mall of the Emirates are 15 and 5 minutes away respectively. For those reliant on public transport or highways, the proximity to Sheikh Zayed Road is a major advantage. The airport is reachable within 20 minutes, which is ideal for frequent travellers. The area is known for its safety, green spaces, and high-quality amenities, making it a sought-after place to live. Elara benefits from this favourable location and offers residents the best of Dubai: culture, convenience, and natural beauty all in one place.

Flexible payment plan for Elara homes

Elara’s payment plan is specifically designed to offer investors and buyers financial flexibility. Only 70% of the purchase price needs to be paid during the construction phase, with the remaining 30% due only upon handover in the fourth quarter of 2026. This makes the project accessible to both private individuals and investors who wish to deploy their capital in stages. The starting price for a residence in Elara is AED 2,300,000, which represents an attractive investment given the location and quality. The payment plan is structured transparently, with no hidden costs, so buyers know exactly what to expect. For international investors interested in Dubai real estate, this plan offers a prime opportunity to benefit from the growing market without having to invest a large capital sum immediately. Our team is ready to guide you through the purchase process and answer all questions regarding financing and payment terms. With Elara, you are not just buying a home, but a piece of the Dubai dream.

Amenities

Payment plan for Elara

70%30%
70%
During construction, in instalments
AED 1,610,000
≈ € 386,000
30%
After handover
AED 690,000
≈ € 166,000

Monthly payments and your own funds

How much do you need for Elara, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 3,491

≈ € 840 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,610,000≈ € 386,400
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 690,000≈ € 165,600
Purchase costs4% DLD fee and mortgage costs
AED 101,495≈ € 24,400
Total funds required
AED 1,711,495≈ € 410,800
Request finance guidance for Elara
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Elara

Location

Madinat Jumeirah Living, Dubai Dubai International Airport: 20 minutes (car) · Dubai Internet City: 08 minutes (car)
Open in Google Maps

Travel times from Elara

  • Dubai International Airport: 20 minutes (car)
  • Dubai Internet City: 08 minutes (car)
  • Dubai Marina: 15 minutes (car)
  • Dubai Media City: 05 minutes (car)
  • Mall of the Emirates: 05 minutes (car)
  • Sheikh Zayed Road: 02 minutes (car)

About Meraas

Meraas has an impressive portfolio of off-plan real estate projects in Dubai, ranging from residential high-rises to mixed-use developments incorporating retail and entertainment. These projects are located in some of the city's most sought-after areas, such as Downtown Dubai, Jumeirah, and along the coastline. An example is the recently announced project at Dubai Harbour, where luxury sea-view apartments are offered from AED 1.2 million.

Investing off-plan with Meraas offers the opportunity to enter the market early, often at more favourable terms than for completed properties. The full overview of available projects can be found on this page, including specifications such as unit sizes from 60 m2 to 300 m2 and payment plans.

All projects by Meraas

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.