508, Elara 1
Sold prices and rental history: sold once, by the developer in February 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 508, Elara 1
What is 508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 729 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- Jumeirah Hills Development
- Last sold
- AED 2.49M · February 2024
- Building
- Elara 1
About 508, Elara 1
508 is a one-bedroom apartment of 729 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 1 February 2024 for AED 2,488,000, or AED 3,414 per sqft, in line with the AED 3,318 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Elara 1, and where 508 sits
All 36 1-beds →508 last sold in February 2024 at AED 3,414 per sqft, in line with what one-beds in Elara 1 were fetching at the time (AED 3,318). 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 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 | ||
| 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 | ||
| 509 | 1-bed | 729 sqft | AED 2.49MAED 2,489,000 · Feb 2024February 2024 |
508, Elara 1 in numbers
- Sold once: by Jumeirah Hills Development on 1 February 2024 for AED 2,488,000, or AED 3,414 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 1 February 2024.
Questions about 508, Elara 1
What did unit 508 last sell for?
AED 2,488,000 on 1 February 2024, sold by the developer: AED 3,414 per sqft for 729 sqft. It is the only registered sale of the unit.
How big is unit 508?
729 sqft (67.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 508 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.
Selling 508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 508, Elara 1
Starts from the last sale price (AED 2.49M, 1 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,488,000
- Deposit, UAE resident (20%)
- AED 497,600
- Deposit, non-resident (40%)
- AED 995,200
- Monthly over 25 years at 3.7%
- AED 10,179
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →