505, 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 505, Elara 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 19 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,415 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- Jumeirah Hills Development
- Last sold
- AED 3.63M · December 2023
- Building
- Elara 1
About 505, Elara 1
505 is a two-bedroom apartment of 1,415 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 19 December 2023 for AED 3,634,000, or AED 2,567 per sqft, 5% above the AED 2,435 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Elara 1, and where 505 sits
All 36 2-beds →505 last sold in December 2023 at AED 2,567 per sqft, 5% above what two-beds in Elara 1 were fetching at the time (AED 2,435).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 May 20255 May 2025 | 1,574 sqft | 3,900,000 | 2,478 | ||
| 4 Dec 20244 December 2024 | 1,415 sqft | 3,700,000 | 2,614 | ||
| 30 Oct 202430 October 2024 | 1,583 sqft | 3,590,000 | 2,268 | ||
| 17 Jul 202417 July 2024 | 1,583 sqft | 3,462,000 | 2,187 |
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 | ||
| 503 | 3-bed | 1,927 sqft | AED 6.91MAED 6,907,000 · Jan 2024January 2024 | ||
| 504 | 2-bed | 1,415 sqft | AED 3.63MAED 3,634,000 · Feb 2024February 2024 | ||
| 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 |
505, Elara 1 in numbers
- Sold once: by Jumeirah Hills Development on 19 December 2023 for AED 3,634,000, or AED 2,567 per sqft.
Source: Dubai Land Department. Updated 19 December 2023.
Questions about 505, Elara 1
What did unit 505 last sell for?
AED 3,634,000 on 19 December 2023, sold by the developer: AED 2,567 per sqft for 1,415 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,415 sqft (131.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 505? Put it on the OpenOffers board
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Mortgage on 505, Elara 1
Starts from the last sale price (AED 3.63M, 19 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,634,000
- Deposit, UAE resident (20%)
- AED 726,800
- Deposit, non-resident (40%)
- AED 1,453,600
- Monthly over 25 years at 3.7%
- AED 14,868
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →