Elara 3

P3 — Under Development Off-Plan Primary
Developer Jumeirah Hills Development LLC
Community Umm Suqeim Third
Property type Apartment
Data updated Jan 22, 2026

Elara 3 is a Under Development development by Jumeirah Hills Development LLC in Umm Suqeim Third. 88 units across 2 Bedroom (57%), 1 Bedroom (25%), 3 Bedroom (16%). Over the trailing 12 months, 94 sales at a median of AED 3,165,500.

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

Key Metrics
Median Price
Value
AED 3,165,500
Change
21.5% YoY
Transactions
Value
94
Change
4 in period
Price / sqft
Value
AED 3,183
Handover Status
Value
P3
Change
Under Development
Median Price
AED 3,165,500
↓ 21.5% YoY
Transactions
94
↑ 4 in period
Price / sqft
AED 3,183
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 22 units · 25%
2 Bedroom 50 units · 57%
3 Bedroom 14 units · 16%
4 Bedroom 2 units · 2%

Transaction Breakdown

All time — 94 transactions
Off-Plan Primary
88
Off-Plan Secondary
6

Price History

Median Price — Elara 3

Median prices in Elara 3 have risen sharply, up 15% from AED 2.7M to AED 3.1M over the past 3 months.

Recent Transactions

Showing last 10 of 94
Date Type Price (AED) Size (sqft) AED/sqft
Jan 22, 2026 OP Secondary 2,533,000 721 3,512
Jan 08, 2026 OP Secondary 3,650,000 1,780 2,050
Dec 24, 2025 OP Secondary 4,050,000 1,419 2,852
Nov 10, 2025 OP Secondary 2,681,000 721 3,717
Oct 28, 2024 OP Secondary 4,500,000 1,519 2,960
Sep 30, 2024 OP Secondary 3,570,000 1,415 2,522
Feb 12, 2024 OP Primary 3,815,000 1,527 2,498
Feb 07, 2024 OP Primary 3,464,000 1,780 1,946
Feb 07, 2024 OP Primary 7,163,000 1,926 3,717
Feb 07, 2024 OP Primary 3,958,000 1,247 3,172

This project is in Umm Suqeim Third

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