Elara 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 Meraas
82
Total Units
82
Sold
⃃ 3,512,500
Median Price
⃃ 2,640
Median Price /sqft
Construction progress: 64.27%
Start: Sep, 2023Completion: Nov, 2026

Elara 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

1 Bed36730 sqft - 960 sqft⃃ 2.5M (2,570 /sqft)⃃ 2,790 /sqft
-7.8
2 Beds361,420 sqft - 1,790 sqft⃃ 2,890 /sqft
0
3 Beds91,930 sqft - 2,350 sqft⃃ 2,930 /sqft
0
4 Beds14,530 sqft - 4,530 sqft⃃ 3,520 /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

Combination: Property price over months
Elara 1Um Suqaim Third
Sep 2023—2.6K
Oct 2023—2.6K
Nov 2023—2.6K
Dec 20233.1K2.8K
Jan 20242.6K2.6K
Feb 20243.2K2.6K
Mar 20242.4K2.6K
Apr 2024—2.4K
May 2024—2.7K
Jun 2024—2.8K
Jul 20242.4K2.7K
Aug 2024—2.9K
Sep 2024—2.6K
Oct 20242.3K2.7K
Nov 2024—2.7K
Dec 20242.6K2.8K
Jan 20253.3K2.6K
Feb 2025—2.7K
Mar 2025—2.8K
Apr 2025—2.8K
May 20252.5K2.7K
Jun 2025—2.8K
Jul 2025—2.7K
Aug 2025—2.7K
Sep 2025—2.7K
Oct 2025—2.9K
Nov 20252.6K3.1K
Dec 2025—3.3K
Jan 2026—2.8K
Feb 2026—3.1K
Mar 2026—3.0K
Apr 2026—2.6K
May 2026—2.8K
Jun 2026—2.2K
Jul 2026—2.6K
Aug 2026—2.7K
Sep 2026—2.7K
Oct 2026—2.7K

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.

BedsCategoryFloorSizeBalcony
No data found

Sold properties

BedsCategorySizeBalconyPricePrice /sqftDate
1Apartment852 sqft16.44 sqft⃃ 2,502,000⃃ 2,937 /sqft20, Jan 2024
1Apartment729 sqft4.44 sqft⃃ 2,443,000⃃ 3,351 /sqft19, Dec 2023
1Apartment729 sqft4.44 sqft⃃ 2,373,000⃃ 3,255 /sqft19, Dec 2023
1Apartment729 sqft4.44 sqft⃃ 2,372,000⃃ 3,254 /sqft21, Jan 2025
2Apartment1,574 sqft29.36 sqft⃃ 3,535,000⃃ 2,246 /sqft01, Feb 2024
2Apartment1,583 sqft29.36 sqft⃃ 3,462,000⃃ 2,187 /sqft17, Jul 2024
2Apartment1,415 sqft14.81 sqft⃃ 3,462,000⃃ 2,447 /sqft11, Jan 2024
2Apartment1,415 sqft14.81 sqft⃃ 3,462,000⃃ 2,447 /sqft16, Jan 2024
3Apartment1,927 sqft25.09 sqft⃃ 5,600,000⃃ 2,906 /sqft05, Mar 2024
1Apartment851 sqft16.44 sqft⃃ 2,525,000⃃ 2,967 /sqft19, Dec 2023
1Apartment728 sqft4.44 sqft⃃ 2,463,000⃃ 3,383 /sqft20, Jan 2024
1Apartment729 sqft4.44 sqft⃃ 2,394,000⃃ 3,284 /sqft20, Jan 2024
1Apartment728 sqft4.44 sqft⃃ 2,391,000⃃ 3,284 /sqft20, Jan 2024
2Apartment1,415 sqft14.81 sqft⃃ 3,700,000⃃ 2,615 /sqft04, Dec 2024
2Apartment1,583 sqft29.36 sqft⃃ 3,590,000⃃ 2,268 /sqft30, Oct 2024

Elara 1 Real Estate Data – FAQ

  • How active is the real estate market in Elara 1?

    Elara 1 recorded 1 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

  • What is the average price /sqft in Elara 1?

    The median transaction price in Elara 1 is ⃃ 2,570 /sqft , based on actual recorded sales transactions, not listing prices.

  • How much have property prices increased in Elara 1?

    Property prices in Elara 1 have shown a capital appreciation of 0.93% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

  • How many off-plan projects are currently in Elara 1?

    There are currently 0 active off-plan projects in Elara 1, reflecting strong developer activity and future supply pipeline.

  • What is the future supply pipeline in Elara 1?

    The total off-plan pipeline in Elara 1 includes approximately 82 units, which will significantly impact future supply and pricing dynamics.

  • 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.

  • 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.