Elara 2Madinat Jumeirah Living
2,420,000 AEDstarting
3,317 AED/ft²
Delivery Date: Q4 2026
228 units54%Available Now
Elara 2
Madinat Jumeirah Living
1 - 2 BedsApartment
Launch price
2,420,000 AED
Booking
20%
Booking
Construction
50%
Construction
Handover
30%
Handover
Local Information
-- to
Description
Elara offers apartments for sale in Madinat Jumeirah Living — an off-plan development by Meraas comprising 241 units. These five-story low-rise buildings are part of the prestigious eighth phase of MJL, blending architectural brilliance with sustainable design. Meraas launched the project in 2024, with an anticipated completion in December 2026. The payment plan includes 20% on booking, 50% during construction, and 30% upon handover. Elara is located in Umm Suqeim, near the iconic Burj Al Arab and Wild Wadi Waterpark, offering captivating views. Residents will find easy access to Souk Madinat Jumeirah, Jumeirah Beach, and the Mall of the Emirates. The development provides superb connectivity to Sheikh Zayed Road, Dubai Media City, and Dubai Internet City. This community emphasizes walkability and green spaces, consistent with the overall Madinat Jumeirah Living ethos.
Price Analysis for Elara 2
Apartment
1 B/R
7%
103 units
717 – 1,350 ft²
No market history available yet
Starting price
2.42M
3,317 /ft²
Current price
2.58M
3,542 /ft²
Every bedroom
priced differently.
All chartsLaunch curvesLive comparables
Price History for Elara 2
| Date | Price | Type | Beds | |||
|---|---|---|---|---|---|---|
| 17 Mar 2025 | 2,582,000 | Apartment | 1 B/R | 729 ft² | — | 3,542 |
| 14 Mar 2024 | 2,565,000 | Apartment | 1 B/R | 725 ft² | — | 3,538 |
| 8 Mar 2024 | 2,802,000 | Apartment | 1 B/R | 852 ft² | — | 3,289 |
| 29 Feb 2024 | 2,631,000 | Apartment | 1 B/R | 721 ft² | — | 3,649 |
| 21 Feb 2024 | 2,550,000 | Apartment | 1 B/R | 852 ft² | — | 2,993 |
| 7 Feb 2024 | 2,325,000 | Apartment | 1 B/R | 729 ft² | — | 3,189 |
| 2 Feb 2024 | 2,484,000 | Apartment | 1 B/R | 721 ft² | — | 3,445 |
| 1 Feb 2024 | 2,739,000 | Apartment | 1 B/R | 717 ft² | — | 3,820 |
| 1 Feb 2024 | 2,776,000 | Apartment | 1 B/R | 852 ft² | — | 3,258 |
| 1 Feb 2024 | 2,442,000 | Apartment | 1 B/R | 729 ft² | — | 3,350 |
17 Mar 2025
2,582,000
1 B/RApartment
729 ft²
—
3,542
14 Mar 2024
2,565,000
1 B/RApartment
725 ft²
—
3,538
8 Mar 2024
2,802,000
1 B/RApartment
852 ft²
—
3,289
29 Feb 2024
2,631,000
1 B/RApartment
721 ft²
—
3,649
21 Feb 2024
2,550,000
1 B/RApartment
852 ft²
—
2,993
7 Feb 2024
2,325,000
1 B/RApartment
729 ft²
—
3,189
2 Feb 2024
2,484,000
1 B/RApartment
721 ft²
—
3,445
1 Feb 2024
2,739,000
1 B/RApartment
717 ft²
—
3,820
1 Feb 2024
2,776,000
1 B/RApartment
852 ft²
—
3,258
1 Feb 2024
2,442,000
1 B/RApartment
729 ft²
—
3,350
A little more context
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Showing 10 most recent sales transactions
What's Available for Elara 2
| Unit # | Type | Beds | From | Built-up | Int. Area | Ext. Area | Floor |
|---|---|---|---|---|---|---|---|
No units to display | |||||||
No units to display
Price Trends
For units in Madinat Jumeirah Living
Comparable Buildings in Madinat Jumeirah Living
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FAQ
Elara 2 is part of a pedestrian-centric, freehold community designed with traditional Arabian architectural elements like wind towers and shaded walkways. The development prioritizes a low-density environment, limiting vehicular traffic to designated drop-off areas and basement parking to maintain a quiet, resort-like atmosphere.
The building features a dedicated fitness center, a sports park, and a palm-fringed swimming pool designed to support an active lifestyle. Residents also benefit from the broader community infrastructure of Madinat Jumeirah Living, which includes interconnected jogging and cycling paths, landscaped green spaces, and direct access to retail and dining.
This development offers a unit mix ranging from 1 to 3-bedroom apartments and 4-bedroom penthouses, making it suitable for both end-users seeking a permanent home and investors. The project's location in a established freehold district, combined with a 7.9% observed ROI for the area, appeals to those prioritizing long-term capital growth and rental demand.
The Mall of the Emirates Metro Station is the closest public transit link, typically reachable within a a brief drive from Elara 2. The community is also well-connected to major road networks, including Jumeirah Road, Al Wasl Road, and Umm Suqeim Road, providing access to the rest of the city.
