503, Elara 1
Sold prices and rental history: sold once, by the developer in January 2024, 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 503, Elara 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 20 January 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,927 sqft
- Floor
- 5th of 9
- Parking
- 2
- Developer
- Jumeirah Hills Development
- Last sold
- AED 6.91M · January 2024
- Building
- Elara 1
About 503, Elara 1
503 is a three-bedroom apartment of 1,927 sqft on the 5th floor of Elara 1, a 9-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 20 January 2024 for AED 6,907,000, or AED 3,584 per sqft, in line with the AED 3,568 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 503 over time
503 has sold once; the dashed line is the three-bed median of each year in the building.
3-beds in Elara 1, and where 503 sits
All 9 3-beds →503 last sold in January 2024 at AED 3,584 per sqft, in line with what three-beds in Elara 1 were fetching at the time (AED 3,568).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Jul 202417 July 2024 | 2,348 sqft | 5,674,000 | 2,416 | ||
| 5 Mar 20245 March 2024 | 1,927 sqft | 5,600,000 | 2,906 | ||
| 7 Feb 20247 February 2024 | 1,927 sqft | 7,099,000 | 3,684 | ||
| 20 Jan 202420 January 2024 | 1,927 sqft | 6,651,000 | 3,451 |
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 5th floor
All 82 units in Elara 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 729 sqft | AED 2.56MAED 2,563,000 · Dec 2023December 2023 | ||
| 502 | 2-bed | 1,583 sqft | AED 3.63MAED 3,630,000 · Dec 2023December 2023 | ||
| 504 | 2-bed | 1,415 sqft | AED 3.63MAED 3,634,000 · Feb 2024February 2024 | ||
| 505 | 2-bed | 1,415 sqft | AED 3.63MAED 3,634,000 · Dec 2023December 2023 | ||
| 506 | 2-bed | 1,574 sqft | AED 3.71MAED 3,707,000 · Jan 2024January 2024 | ||
| 507 | 1-bed | 852 sqft | AED 2.63MAED 2,625,000 · Jan 2024January 2024 | ||
| 508 | 1-bed | 729 sqft | AED 2.49MAED 2,488,000 · Feb 2024February 2024 | ||
| 509 | 1-bed | 729 sqft | AED 2.49MAED 2,489,000 · Feb 2024February 2024 |
503, Elara 1 in numbers
- Sold once: by Jumeirah Hills Development on 20 January 2024 for AED 6,907,000, or AED 3,584 per sqft.
Source: Dubai Land Department. Updated 20 January 2024.
Questions about 503, Elara 1
What did unit 503 last sell for?
AED 6,907,000 on 20 January 2024, sold by the developer: AED 3,584 per sqft for 1,927 sqft. It is the only registered sale of the unit.
How big is unit 503?
1,927 sqft (179.0 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 503? Put it on the OpenOffers board
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Mortgage on 503, Elara 1
Starts from the last sale price (AED 6.91M, 20 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,907,000
- Deposit, UAE resident (20%)
- AED 1,381,400
- Deposit, non-resident (40%)
- AED 2,762,800
- Monthly over 25 years at 3.7%
- AED 28,259
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →