ELARA

Off-Plan

DeveloperJUMEIRAH HILLS DEVELOPMENT L.L.C

Community—

AreaUm Suqaim Third

Started

2 years 1 month ago25-11-2023

Handover

In 10 months25-11-2026

Status

8% BuiltIn Progress

Project Description

The project consists of 3 Residential buildings comprising of 236 units (Total Residential units 234 + 2 Retail units) as follows: Elara 1 - Building A: B+G+9+R (82 Residential units) Elara 2 - Building B: B+G+9+R (64 Residential units + 2 retail units) Elara 3 - Building C: B+G+10+R (88 units)

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-12%

Decline

Current:AED 2,491/sqft

Last 12M:AED 2,820/sqft

Momentum: Last 12Mvs Prior Year

Stable

-2%

Decline

Last 12M:AED 2,820/sqft

Prior Year:AED 2,883/sqft

Community Compare: Last 90DUnknown

At Market

Above Avg

Project:AED 2,491/sqft

Community:AED 0/sqft

Liquidity: Last 12MExit Speed

Low

3%Turnover

7Sold (Last 12M)

Supply & Demand Matrix

ELARA averaged 3% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.

Type

Absorption (L12M)

Velocity

1 Bedroom

103 units

3 sold100 left

Velocity

2 Bedrooms

105 units

4 sold101 left

Velocity

3 Bedrooms

23 units

0 sold23 left

Velocity

4 Bedrooms

3 units

0 sold3 left

Velocity

Shop

2 units

0 sold2 left

Velocity

Layouts & Units (236)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 6 units	Type Flat	Beds 2 B/R	Size 1,780 sqft	Avg Price AED 3.5M	Last Price AED 3.6M	Last Sold 14 days ago	Sales 7

Units 9 units	Type Flat	Beds 2 B/R	Size 1,420 sqft	Avg Price AED 3.6M	Last Price AED 4.0M	Last Sold 29 days ago	Sales 10

Units 2 units	Type Flat	Beds 1 B/R	Size 963 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold 2 months ago	Sales 3

Units 22 units	Type Flat	Beds 1 B/R	Size 721 sqft	Avg Price AED 2.5M	Last Price AED 2.7M	Last Sold 2 months ago	Sales 23

Units 33 units	Type Flat	Beds 2 B/R	Size 1,574 sqft	Avg Price AED 3.7M	Last Price AED 3.9M	Last Sold 9 months ago	Sales 35

Units 41 units	Type Flat	Beds 1 B/R	Size 729 sqft	Avg Price AED 2.5M	Last Price AED 2.6M	Last Sold 10 months ago	Sales 43

Units 25 units	Type Flat	Beds 2 B/R	Size 1,415 sqft	Avg Price AED 3.6M	Last Price AED 3.7M	Last Sold about 1 year ago	Sales 27

Units 8 units	Type Flat	Beds 2 B/R	Size 1,583 sqft	Avg Price AED 3.6M	Last Price AED 3.6M	Last Sold about 1 year ago	Sales 9

Units 6 units	Type Flat	Beds 2 B/R	Size 1,520 sqft	Avg Price AED 4.0M	Last Price AED 4.5M	Last Sold about 1 year ago	Sales 7

Units 25 units	Type Flat	Beds 1 B/R	Size 852 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 25

Units 4 units	Type Flat	Beds 2 B/R	Size 1,248 sqft	Avg Price AED 3.8M	Last Price AED 4.0M	Last Sold over 1 year ago	Sales 4

Units 12 units	Type Flat	Beds 3 B/R	Size 1,927 sqft	Avg Price AED 6.8M	Last Price AED 7.2M	Last Sold over 1 year ago	Sales 12

Units G03	Type Flat	Beds 3 B/R	Size 2,348 sqft	Avg Price AED 5.7M	Last Price AED 5.7M	Last Sold over 1 year ago	Sales 1

Units 2 units	Type Flat	Beds 2 B/R	Size 1,788 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold almost 2 years ago	Sales 2

Units 905	Type Flat	Beds 1 B/R	Size 725 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold almost 2 years ago	Sales 1

Units 5 units	Type Flat	Beds 2 B/R	Size 1,527 sqft	Avg Price AED 3.7M	Last Price AED 3.8M	Last Sold almost 2 years ago	Sales 5

Units G07	Type Flat	Beds 1 B/R	Size 929 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold almost 2 years ago	Sales 1

Units 5 units	Type Flat	Beds 1 B/R	Size 979 sqft	Avg Price AED 3.0M	Last Price AED 2.9M	Last Sold almost 2 years ago	Sales 5

Units 9 units	Type Flat	Beds 3 B/R	Size 1,935 sqft	Avg Price AED 6.9M	Last Price AED 6.7M	Last Sold almost 2 years ago	Sales 9

Units 904	Type Flat	Beds 1 B/R	Size 717 sqft	Avg Price AED 2.7M	Last Price AED 2.7M	Last Sold almost 2 years ago	Sales 1

Units G06	Type Flat	Beds 2 B/R	Size 1,740 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold almost 2 years ago	Sales 1

Units 4 units	Type Flat	Beds 2 B/R	Size 1,582 sqft	Avg Price AED 3.7M	Last Price AED 3.8M	Last Sold almost 2 years ago	Sales 4

Units G08	Type Flat	Beds 1 B/R	Size 962 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold about 2 years ago	Sales 1

Units 1002	Type Flat	Beds 4 B/R	Size 3,692 sqft	Avg Price AED 10.9M	Last Price AED 10.9M	Last Sold about 2 years ago	Sales 1

Units 901	Type Flat	Beds 4 B/R	Size 4,533 sqft	Avg Price AED 10.9M	Last Price AED 10.9M	Last Sold about 2 years ago	Sales 1

Units G02	Type Flat	Beds 1 B/R	Size 1,350 sqft	Avg Price AED 3.0M	Last Price AED 3.0M	Last Sold about 2 years ago	Sales 1

Units 3 units	Type Flat	Beds 1 B/R	Size 955 sqft	Avg Price AED 2.5M	Last Price AED 2.4M	Last Sold about 2 years ago	Sales 3

Units G09	Type Flat	Beds 3 B/R	Size 2,356 sqft	Avg Price AED 5.7M	Last Price AED 5.7M	Last Sold about 2 years ago	Sales 1

Units 2 units	Type Flat	Beds 2 B/R	Size 1,732 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold about 2 years ago	Sales 2

Units 1001	Type Flat	Beds 4 B/R	Size 4,441 sqft	Avg Price AED 11.0M	Last Price AED 11.0M	Last Sold about 2 years ago	Sales 1

Units R01	Type Shop	Beds —	Size 973 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units Nursery	Type Shop	Beds —	Size 1,403 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

32 unique layouts covering 236 units