Elara 3Madinat Jumeirah Living
2,350,000 AEDstarting
3,254 AED/ft²
Delivery Date: Q4 2026
228 units54%Available Now
Elara 3
Madinat Jumeirah Living
1 - 4 BedsApartment
Launch price
2,350,000 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 3
Apartment
1 B/R
11%
103 units
717 – 1,350 ft²
No market history available yet
Starting price
2.35M
3,254 /ft²
Current price
2.61M
3,616 /ft²
Every bedroom
priced differently.
All chartsLaunch curvesLive comparables
Price History for Elara 3
| Date | Price | Type | Beds | |||
|---|---|---|---|---|---|---|
| 22 Jan 2026 | 2,533,000 | Apartment | 1 B/R | 721 ft² | — | 3,513 |
| 10 Nov 2025 | 2,681,000 | Apartment | 1 B/R | 721 ft² | — | 3,718 |
| 2 Feb 2024 | 2,900,000 | Apartment | 1 B/R | 979 ft² | — | 2,962 |
| 2 Feb 2024 | 2,594,000 | Apartment | 1 B/R | 929 ft² | — | 2,792 |
22 Jan 2026
2,533,000
1 B/RApartment
721 ft²
—
3,513
10 Nov 2025
2,681,000
1 B/RApartment
721 ft²
—
3,718
2 Feb 2024
2,900,000
1 B/RApartment
979 ft²
—
2,962
2 Feb 2024
2,594,000
1 B/RApartment
929 ft²
—
2,792
A little more context
changes the read.
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Showing 4 most recent sales transactions
What's Available for Elara 3
| 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 3 is situated in the Madinat Jumeirah Living community in Umm Suqeim, positioned directly opposite the Burj Al Arab. This location provides residents with access to the wider Jumeirah coastline and established road networks including Jumeirah Road and Umm Suqeim Street.
The building offers a selection of 1, 2, and 3-bedroom apartments alongside 4-bedroom penthouses. These units are designed as part of the broader Elara development by Meraas, which comprises three buildings in total.
This development features communal facilities including swimming pools, a children's pool, and a dedicated kids' playground. Residents also have access to fitness centers, a sports park, jogging and cycling paths, and landscaped leisure decks.
The project is scheduled for completion and handover in December 2026. This timeline is consistent across the Elara development, which is currently under construction.
Meraas offers a 70/30 payment plan for Elara 3, requiring a 20% down payment at the time of booking. The remaining 50% is paid during the construction phase, with the final 30% due upon handover in December 2026.
