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Off-plan
Elara
Umm Suqeim · Meraas · Q4 2026Key facts
Live marketplace listingAED 2.37MOct 2026
Payment planSee the plan below
HandoverQ4 2026Developer schedule
Est. gross yield6.2%Area median
Bedrooms1–4 bedDeveloper brochure
Service chargeNot set yetThe owners' association sets it after handover
Units236DLD register
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Payment plan
- 20% on booking, then 5 installments of 10% each during construction (Feb 2024 to Feb 2026), 30% on handover (Q4 2026).
Developer payment plan · Jun 2026
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Floor plans
No floor plans on recordNo floor plans on record for this projectThey can be included with your price request.We can ask the developer to send them with the price list.Get it on WhatsApp
Is the price fair?
Asking price against DLD sales of comparable units near Elara
AskingAED 2.37MLive marketplace listing
Median of 12 salesAED 2,734/sq ftDLD sales register
DifferenceNot on recordNeeds a price per sq ft for the unit
Asking prices from the catalogue; sold prices from the Dubai Land Department
Ask Sophia for recent DLD sales close to this project.
See what sold nearbyGolden Visa property investors need AED 2M or more; this project starts at AED 2.37M on record.
Recent sales
DLD-registered sales in Elara
Median of 12 salesAED 2,734/sq ftDLD · 12 months to May 2026
Latest sale11 May 2026DLD registered
| Date | Building | Size | Price | AED/sq ft |
|---|---|---|---|---|
| 11 May 2026 | Elara 3 | 1,248 sq ft | AED 3.59M | 2,875 |
| 22 Jan 2026 | Elara 3 | 721 sq ft | AED 2.53M | 3,512 |
| 9 Jan 2026 | Elara 3 | 1,780 sq ft | AED 3.65M | 2,051 |
| 25 Dec 2025 | Elara 3 | 1,420 sq ft | AED 4.05M | 2,853 |
| 21 Nov 2025 | Elara 1 | 963 sq ft | AED 2.48M | 2,571 |
| 10 Nov 2025 | Elara 3 | 721 sq ft | AED 2.68M | 3,718 |
| 5 May 2025 | Elara 1 | 1,574 sq ft | AED 3.9M | 2,478 |
| 17 Mar 2025 | Elara 2 | 729 sq ft | AED 2.58M | 3,544 |
- 11 May 20262 bed · 1,248 sq ftAED 3.59M
- 22 Jan 20261 bed · 721 sq ftAED 2.53M
- 9 Jan 20262 bed · 1,780 sq ftAED 3.65M
- 25 Dec 20252 bed · 1,420 sq ftAED 4.05M
- 21 Nov 20251 bed · 963 sq ftAED 2.48M
- 10 Nov 20251 bed · 721 sq ftAED 2.68M
- 5 May 20252 bed · 1,574 sq ftAED 3.9M
- 17 Mar 20251 bed · 729 sq ftAED 2.58M
DLD sales transactions · Elara · Oct 2024 – May 2026
Price history
Area trend for Umm Suqeim
| Apr 2025 | AED 2,816/sq ft |
|---|---|
| May 2025 | AED 2,698/sq ft |
| Jun 2025 | AED 2,813/sq ft |
| Oct 2025 | AED 2,878/sq ft |
| Nov 2025 | AED 3,063/sq ft |
| Dec 2025 | AED 3,260/sq ft |
| Jan 2026 | AED 2,768/sq ft |
| Feb 2026 | AED 3,111/sq ft |
DLD sales transactions · Umm Suqeim · monthly medians · Apr 2025 – Feb 2026
Location
Umm Suqeim
No nearby places on record for Umm Suqeim yet.
Open in Google MapsDeveloper
About Elara
Elara is an off-plan project by Meraas in Umm Suqeim, made up of 236 residences: one-, two- and three-bedroom apartments plus four-bedroom penthouses. Handover is scheduled for Q4 2026, and Dubai Land Department lists completion on 2026-11-25 and records construction at 8.37% complete.
Amenities include an infinity pool, a communal swimming pool, a children's pool, a gymnasium, a yoga area, landscaped gardens, sky gardens, a sports park, jogging and cycling paths, a barbecue area, a children's play area, a multipurpose lounge, concierge services, car parking and 24-hour security with CCTV.
The 70/30 Plan asks for 20% on booking, then five installments of 10% each during construction (Feb 2024 to Feb 2026) and 30% on handover in Q4 2026. Listings observed in October 2026 start from AED 2,418,000.
- Infinity Pool
- Communal Swimming Pool
- Children's Pool
- Gymnasium / Fitness Centre
- Yoga Area
- Children's Play Area
- Landscaped Gardens
- Sky Gardens
- BBQ Area
- Jogging and Cycling Paths
- Communal Garden Area
- Lounge / Multipurpose Lounge
- F&B Outlets
- Day-Care Centres
- Sports Park
- 24-Hour Security
- CCTV Surveillance
- Car Parking
- Concierge Services
Images supplied by the developer may be renders and can differ from the finished unit. Floor plans are indicative.
Common questions
What is the starting price for Elara?
Elara by Meraas in Umm Suqeim starts from AED 2,373,000. Prices vary based on unit type, floor, and view. Contact our team for detailed pricing across all available layouts and current promotional offers.
What payment plans are available for Elara?
Elara offers a 20% on booking, then 5 installments of 10% each during construction (Feb 2024 to Feb 2026), 30% on handover (Q4 2026). payment structure. Typical plans include an initial booking deposit, installments during construction, and final payment on handover. Our consultants can explain the specific payment schedule and help you plan your investment.
When will Elara be completed?
Elara is scheduled for completion in Q4 2026. Construction is progressing on schedule. Buyers can track progress through regular developer updates.
Is Elara a good investment?
Elara by Meraas in Umm Suqeim offers strong investment potential. Umm Suqeim is one of Dubai's sought-after locations with consistent demand from both residents and investors. The project's location, developer reputation, and payment plan make it attractive for both end-users and investors seeking rental yields or capital appreciation.
Who is the developer of Elara?
Elara is developed by Meraas, an established property developer in Dubai's real estate market. All developers in Dubai are regulated by RERA to ensure buyer protection.
What amenities does Elara offer?
Elara offers world-class amenities including Infinity Pool, Communal Swimming Pool, Children''s Pool, Gymnasium / Fitness Centre, Yoga Area and 14 more facilities. These amenities are designed to provide residents with a premium lifestyle experience.