2-bed · 1,582 sqftElara 3, Umm Suqeim Third · 7th floor

704, 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 704 · DLD and Ejari recordsUpdated 30 January 2024
Last soldAED 3.8M30 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Elara 3

What is 704 worth today?

Last sold for AED 3,799,000 in 2024

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30 Jan 2024Sold by developerOff-plan
AED 3,799,000AED 2,402 per sqft

Source: Dubai Land Department. Updated 30 January 2024.

Key facts

Type
2-bed apartment
Size
1,582 sqft
Floor
7th of 10
Parking
1
Developer
Jumeirah Hills Development
Last sold
AED 3.8M · January 2024
Building
Elara 3

About 704, Elara 3

704 is a two-bedroom apartment of 1,582 sqft on the 7th floor of Elara 3, a 10-storey tower in Umm Suqeim Third by Jumeirah Hills Development . The developer sold it on 30 January 2024 for AED 3,799,000, or AED 2,402 per sqft, in line with the AED 2,405 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical two-bed in Elara 3
3.4M3.6M3.8M20232024202520262027Typical sale price by year: 2023 AED 3,430,000; 2024 AED 3,598,000; 2026 AED 3,618,500Sold by developer, January 2024: AED 3,799,000 (AED 2,402 per sqft)

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

2-beds in Elara 3, and where 704 sits

All 50 2-beds →

704 last sold in January 2024 at AED 2,402 per sqft, in line with what two-beds in Elara 3 were fetching at the time (AED 2,405). 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 7th floor

All 88 units in Elara 3
Value
7012-bedAED 4.02M · Jan 2024
7022-bedAED 3.59M · May 2026
7033-bedAED 6.49M · Jan 2024
7052-bedAED 3.63M · Jan 2024
7061-bedAED 2.65M · Jan 2024
7072-bedAED 4.14M · Jan 2024
7083-bedAED 7.07M · Jan 2024

704, Elara 3 in numbers

  • Sold once: by Jumeirah Hills Development on 30 January 2024 for AED 3,799,000, or AED 2,402 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 30 January 2024.

Questions about 704, Elara 3

What did unit 704 last sell for?

AED 3,799,000 on 30 January 2024, sold by the developer: AED 2,402 per sqft for 1,582 sqft. It is the only registered sale of the unit.

How big is unit 704?

1,582 sqft (147.0 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower.

What is unit 704 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 704, Elara 3

Starts from the last sale price (AED 3.8M, 30 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,799,000
Deposit, UAE resident (20%)
AED 759,800
Deposit, non-resident (40%)
AED 1,519,600
Monthly over 25 years at 3.7%
AED 15,543

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