Ela Residences by Omniyat Building 1

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Omniyat
5
Total Units
5
Sold
AED 45,054,400
Median Price
AED 9,100
Median Price /sqft
Construction progress: 8%
Start: Jul, 2024Completion: Mar, 2028

Ela Residences by Omniyat Building 1 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

3 Beds34,610 sqft - 5,550 sqftAED 3,980 /sqft
0
4 Beds26,500 sqft - 7,530 sqftAED 5,670 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
No data found

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
4Apartment6,500 sqft175.77 sqft 2AED 45,054,390AED 7,733 /sqft 28, Nov 2024
3Apartment5,549 sqft150.29 sqft 3AED 50,495,125AED 9,100 /sqft 29, Nov 2024
3Apartment4,616 sqft96.66 sqft 3AED 40,603,800AED 8,796 /sqft 10, Dec 2024
4Apartment7,527 sqft133.7 sqft 3AED 69,014,717AED 9,245 /sqft 29, Nov 2024
3Apartment4,614 sqft96.65 sqft 7AED 43,243,367AED 9,372 /sqft 18, Dec 2024

Ela Residences by Omniyat Building 1 Real Estate Data – FAQ

  • What is the current property supply in Ela Residences by Omniyat Building 1?

    Ela Residences by Omniyat Building 1 has a total residential supply of approximately units. This represents completed and available inventory within the area.

    #LIST_BADGE#
  • How active is the real estate market in Ela Residences by Omniyat Building 1?

    Ela Residences by Omniyat Building 1 recorded 0 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

    #LIST_BADGE#
  • What is the average price /sqft in Ela Residences by Omniyat Building 1?

    The median transaction price in Ela Residences by Omniyat Building 1 is , based on actual recorded sales transactions, not listing prices.

    #LIST_BADGE#
  • What rental yield can investors expect in Ela Residences by Omniyat Building 1?

    The gross rental yield in Ela Residences by Omniyat Building 1 is approximately %, calculated using median rental income divided by median sale prices for comparable properties.

    #LIST_BADGE#
  • How much have property prices increased in Ela Residences by Omniyat Building 1?

    Property prices in Ela Residences by Omniyat Building 1 have shown a capital appreciation of % year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

    #LIST_BADGE#
  • How many off-plan projects are currently in Ela Residences by Omniyat Building 1?

    There are currently 1 active off-plan projects in Ela Residences by Omniyat Building 1, reflecting strong developer activity and future supply pipeline.

    #LIST_BADGE#
  • What is the future supply pipeline in Ela Residences by Omniyat Building 1?

    The total off-plan pipeline in Ela Residences by Omniyat Building 1 includes approximately 5 units, which will significantly impact future supply and pricing dynamics.

    #LIST_BADGE#
  • Is Ela Residences by Omniyat Building 1 a good area for property investment?

    Ela Residences by Omniyat Building 1 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

    #LIST_BADGE#
  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

    #LIST_BADGE#
  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

    #LIST_BADGE#
  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Ela Residences by Omniyat Building 1, this is %, indicating relatively strong income performance compared to global markets.

    #LIST_BADGE#