Elara 1

P3 — Under Development Off-Plan Primary
Developer Jumeirah Hills Development LLC
Community Umm Suqeim Third
Property type Apartment
Data updated Nov 20, 2025

Elara 1 is a Under Development development by Jumeirah Hills Development LLC in Umm Suqeim Third. 82 units across 1 Bedroom (44%), 2 Bedroom (44%), 3 Bedroom (11%). Over the trailing 12 months, 87 sales at a median of AED 3,187,500.

Limited transaction data available for this project. Community-level metrics shown where project data is insufficient.

Key Metrics
Median Price
Value
AED 3,187,500
Change
11.2% YoY
Transactions
Value
87
Change
2 in period
Price / sqft
Value
AED 2,524
Handover Status
Value
P3
Change
Under Development
Median Price
AED 3,187,500
↓ 11.2% YoY
Transactions
87
↑ 2 in period
Price / sqft
AED 2,524
Handover
P3
Under Development
Investment Analytics
Capital Return
Value
19.2%
Community avg
Holding Period
Value
1.5 yrs
Community avg
Ready Market Mix
Value
0.0%
Community avg
Capital Return
19.2%
Community avg
Holding Period
1.5 yrs
Community avg
Ready Market Mix
0.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
1 Bedroom 36 units · 44%
2 Bedroom 36 units · 44%
3 Bedroom 9 units · 11%
4 Bedroom 1 units · 1%

Transaction Breakdown

All time — 87 transactions
Off-Plan Primary
82
Off-Plan Secondary
5

Recent Transactions

Showing last 10 of 87
Date Type Price (AED) Size (sqft) AED/sqft
Nov 20, 2025 OP Secondary 2,475,000 962 2,570
May 05, 2025 OP Secondary 3,900,000 1,573 2,478
Jan 21, 2025 OP Secondary 2,372,000 728 3,255
Dec 04, 2024 OP Secondary 3,700,000 1,415 2,614
Oct 30, 2024 OP Secondary 3,590,000 1,582 2,268
Mar 19, 2024 OP Primary 3,465,000 1,788 1,937
Mar 05, 2024 OP Primary 5,600,000 1,926 2,906
Feb 21, 2024 OP Primary 3,634,000 1,415 2,567
Feb 21, 2024 OP Primary 3,531,000 1,415 2,495
Feb 12, 2024 OP Primary 2,513,000 728 3,449

This project is in Umm Suqeim Third

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