2-bed · 1,420 sqftElara 3, Umm Suqeim Third · 4th floor

406, Elara 3

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.

Unit 406 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 3.53M1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Elara 3

What is 406 worth today?

Last sold for AED 3,530,000 in 2024

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1 Feb 2024Sold by developerOff-plan
AED 3,530,000AED 2,486 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
1,420 sqft
Floor
4th of 10
Parking
1
Developer
Jumeirah Hills Development
Last sold
AED 3.53M · February 2024
Building
Elara 3

About 406, Elara 3

406 is a two-bedroom apartment of 1,420 sqft on the 4th floor of Elara 3, a 10-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 1 February 2024 for AED 3,530,000, or AED 2,486 per sqft, in line with the AED 2,428 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 406 over time

Sales
Unit 406, 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, February 2024: AED 3,530,000 (AED 2,486 per sqft)

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

2-beds in Elara 3, and where 406 sits

All 50 2-beds →

406 last sold in February 2024 at AED 2,486 per sqft, in line with what two-beds in Elara 3 were fetching at the time (AED 2,428). 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 4th floor

All 88 units in Elara 3
Value
4012-bedAED 3.26M · Jan 2024
4021-bedAED 3.02M · Jan 2024
4031-bedAED 2.39M · Jan 2024
4042-bedAED 3.8M · Oct 2026
4052-bedAED 3.68M · Jan 2024
4071-bedAED 2.58M · Jan 2024
4082-bedAED 4.01M · Jan 2024
1–7 of 8

406, Elara 3 in numbers

  • Sold once: by Jumeirah Hills Development on 1 February 2024 for AED 3,530,000, or AED 2,486 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 1 February 2024.

Questions about 406, Elara 3

What did unit 406 last sell for?

AED 3,530,000 on 1 February 2024, sold by the developer: AED 2,486 per sqft for 1,420 sqft. It is the only registered sale of the unit.

How big is unit 406?

1,420 sqft (131.9 sqm): a two-bedroom apartment on the 4th floor of a 10-storey tower.

What is unit 406 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 406, Elara 3

Starts from the last sale price (AED 3.53M, 1 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,530,000
Deposit, UAE resident (20%)
AED 706,000
Deposit, non-resident (40%)
AED 1,412,000
Monthly over 25 years at 3.7%
AED 14,442

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