501, Elara 2
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 501, Elara 2
What is 501 worth today?
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Source: Dubai Land Department. Updated 5 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 729 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- Jumeirah Hills Development
- Last sold
- AED 2.54M · January 2024
- Building
- Elara 2
About 501, Elara 2
501 is a one-bedroom apartment of 729 sqft on the 5th floor of Elara 2, a 9-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 5 January 2024 for AED 2,535,000, or AED 3,479 per sqft, 8% above the AED 3,212 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 501 over time
501 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Elara 2, and where 501 sits
All 45 1-beds →501 last sold in January 2024 at AED 3,479 per sqft, 8% above what one-beds in Elara 2 were fetching at the time (AED 3,212).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Mar 202517 March 2025 | 729 sqft | 2,582,000 | 3,543 | ||
| 13 Mar 202413 March 2024 | 725 sqft | 2,565,000 | 3,538 | ||
| 7 Mar 20247 March 2024 | 852 sqft | 2,802,000 | 3,290 | ||
| 29 Feb 202429 February 2024 | 721 sqft | 2,631,000 | 3,648 |
Elara 2
Building64 apartments, 1-bed to 2-bed over 9 floors in Umm Suqeim Third by Jumeirah Hills Development . No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 64 units in Elara 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 852 sqft | AED 2.57MAED 2,573,000 · Dec 2023December 2023 | ||
| 503 | 2-bed | 1,574 sqft | AED 3.71MAED 3,707,000 · Feb 2024February 2024 | ||
| 504 | 1-bed | 721 sqft | AED 2.61MAED 2,606,000 · Jan 2024January 2024 | ||
| 505 | 2-bed | 1,574 sqft | AED 3.71MAED 3,707,000 · Feb 2024February 2024 | ||
| 506 | 1-bed | 852 sqft | AED 2.78MAED 2,776,000 · Jan 2024January 2024 | ||
| 507 | 1-bed | 729 sqft | AED 2.44MAED 2,442,000 · Jan 2024January 2024 |
501, Elara 2 in numbers
- Sold once: by Jumeirah Hills Development on 5 January 2024 for AED 2,535,000, or AED 3,479 per sqft.
Source: Dubai Land Department. Updated 5 January 2024.
Questions about 501, Elara 2
What did unit 501 last sell for?
AED 2,535,000 on 5 January 2024, sold by the developer: AED 3,479 per sqft for 729 sqft. It is the only registered sale of the unit.
How big is unit 501?
729 sqft (67.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 501, Elara 2
Starts from the last sale price (AED 2.54M, 5 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,535,000
- Deposit, UAE resident (20%)
- AED 507,000
- Deposit, non-resident (40%)
- AED 1,014,000
- Monthly over 25 years at 3.7%
- AED 10,371
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →