2-bed · 1,582 sqftElara 3, Umm Suqeim Third · 3rd floor

305, Elara 3

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.

Unit 305 · DLD and Ejari recordsUpdated 11 January 2024
Last soldAED 3.63M11 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Elara 3

What is 305 worth today?

Last sold for AED 3,627,000 in 2024

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11 Jan 2024Sold by developerOff-plan
AED 3,627,000AED 2,293 per sqft

Source: Dubai Land Department. Updated 11 January 2024.

Key facts

Type
2-bed apartment
Size
1,582 sqft
Floor
3rd of 10
Parking
1
Developer
Jumeirah Hills Development
Last sold
AED 3.63M · January 2024
Building
Elara 3

About 305, Elara 3

305 is a two-bedroom apartment of 1,582 sqft on the 3rd floor of Elara 3, a 10-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 11 January 2024 for AED 3,627,000, or AED 2,293 per sqft, 5% below the AED 2,412 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in Elara 3
3.4M3.5M3.6M20232024202520262027Typical sale price by year: 2023 AED 3,430,000; 2024 AED 3,598,000; 2026 AED 3,618,500Sold by developer, January 2024: AED 3,627,000 (AED 2,293 per sqft)

305 has sold once; the dashed line is the two-bed median of each year in the building.

2-beds in Elara 3, and where 305 sits

All 50 2-beds →

305 last sold in January 2024 at AED 2,293 per sqft, 5% below what two-beds in Elara 3 were fetching at the time (AED 2,412). Over the last 12 months two-beds sold for AED 3,500,000 to 4,050,000, around AED 2,414 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20263,500,000
26 Oct 20263,800,000
8 May 20263,587,000
8 Jan 20263,650,000
5 2-bed sales in the last 12 months

Elara 3

Building

88 apartments, 1-bed to 4-bed over 10 floors in Umm Suqeim Third by Jumeirah Hills Development . 7 sold in the last 12 months.

Typical price per sqft
AED 2,852
Typical sale
AED 3.59M
Typical rent
Few contracts
Typical yield
Elara 3, Umm Suqeim Third: prices, sales and rents →

Other units on the 3rd floor

All 88 units in Elara 3
Value
3012-bedAED 3.2M · Jan 2024
3021-bedAED 2.96M · Jan 2024
3031-bedAED 2.35M · Feb 2024
3042-bedAED 3.34M · Jan 2024
3062-bedAED 3.46M · Jan 2024
3071-bedAED 2.53M · Jan 2026
3082-bedAED 3.96M · Jan 2024
1–7 of 8

305, Elara 3 in numbers

  • Sold once: by Jumeirah Hills Development on 11 January 2024 for AED 3,627,000, or AED 2,293 per sqft.
  • Two-beds in Elara 3 sold for AED 3,500,000–4,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,852 per sqft.

Source: Dubai Land Department. Updated 11 January 2024.

Questions about 305, Elara 3

What did unit 305 last sell for?

AED 3,627,000 on 11 January 2024, sold by the developer: AED 2,293 per sqft for 1,582 sqft. It is the only registered sale of the unit.

How big is unit 305?

1,582 sqft (147.0 sqm): a two-bedroom apartment on the 3rd floor of a 10-storey tower.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elara 3 sold for AED 3,500,000 to 4,050,000 in the last 12 months, around AED 2,414 per sqft.

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Mortgage on 305, Elara 3

Starts from the last sale price (AED 3.63M, 11 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,627,000
Deposit, UAE resident (20%)
AED 725,400
Deposit, non-resident (40%)
AED 1,450,800
Monthly over 25 years at 3.7%
AED 14,839

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →