308, Elara 1
Sold prices and rental history: sold once, by the developer in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Elara 1
What is 308 worth today?
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Source: Dubai Land Department. Updated 19 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 729 sqft
- Floor
- 3rd of 9
- Parking
- 1
- Developer
- Jumeirah Hills Development
- Last sold
- AED 2.42M · December 2023
- Building
- Elara 1
About 308, Elara 1
308 is a one-bedroom apartment of 729 sqft on the 3rd floor of Elara 1, a 9-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 19 December 2023 for AED 2,418,000, or AED 3,318 per sqft, in line with the AED 3,350 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 308 over time
308 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Elara 1, and where 308 sits
All 36 1-beds →308 last sold in December 2023 at AED 3,318 per sqft, in line with what one-beds in Elara 1 were fetching at the time (AED 3,350). Over the last 12 months one-beds sold for AED 2,475,000, around AED 2,570 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Nov 202520 November 2025 | 963 sqft | 2,475,000 | 2,570 | ||
| 21 Jan 202521 January 2025 | 729 sqft | 2,372,000 | 3,255 | ||
| 17 Jul 202417 July 2024 | 852 sqft | 2,648,000 | 3,107 | ||
| 12 Feb 202412 February 2024 | 729 sqft | 2,513,000 | 3,449 |
Elara 1
Building82 apartments, 1-bed to 4-bed over 9 floors in Umm Suqeim Third by Jumeirah Hills Development . 1 sold in the last 12 months.
- Typical price per sqft
- AED 2,570
- Typical sale
- AED 2.48M
- Typical rent
- Few contracts
- Typical yield
Other units on the 3rd floor
All 82 units in Elara 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 729 sqft | AED 2.49MAED 2,490,000 · Feb 2024February 2024 | ||
| 302 | 2-bed | 1,583 sqft | AED 3.53MAED 3,529,000 · Feb 2024February 2024 | ||
| 303 | 3-bed | 1,927 sqft | AED 6.72MAED 6,715,000 · Dec 2023December 2023 | ||
| 304 | 2-bed | 1,415 sqft | AED 3.53MAED 3,531,000 · Feb 2024February 2024 | ||
| 305 | 2-bed | 1,415 sqft | AED 3.53MAED 3,531,000 · Jan 2024January 2024 | ||
| 306 | 2-bed | 1,574 sqft | AED 3.6MAED 3,604,000 · Jan 2024January 2024 | ||
| 307 | 1-bed | 852 sqft | AED 2.55MAED 2,552,000 · Feb 2024February 2024 | ||
| 309 | 1-bed | 729 sqft | AED 2.42MAED 2,419,000 · Dec 2023December 2023 |
308, Elara 1 in numbers
- Sold once: by Jumeirah Hills Development on 19 December 2023 for AED 2,418,000, or AED 3,318 per sqft.
- One-beds in Elara 1 sold for AED 2,475,000–2,475,000 in the 12 months to November 2026; the building's median across all types is AED 2,570 per sqft.
Source: Dubai Land Department. Updated 19 December 2023.
Questions about 308, Elara 1
What did unit 308 last sell for?
AED 2,418,000 on 19 December 2023, sold by the developer: AED 3,318 per sqft for 729 sqft. It is the only registered sale of the unit.
How big is unit 308?
729 sqft (67.7 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elara 1 sold for AED 2,475,000 to 2,475,000 in the last 12 months, around AED 2,570 per sqft.
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Mortgage on 308, Elara 1
Starts from the last sale price (AED 2.42M, 19 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,418,000
- Deposit, UAE resident (20%)
- AED 483,600
- Deposit, non-resident (40%)
- AED 967,200
- Monthly over 25 years at 3.7%
- AED 9,893
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →