Property Overview
This 2-bedroom apartment in Eleve by Deyaar is available as an off-plan resale at AED 1,531,500. The unit is 1,124 sq ft on a low floor in Downtown Jebel Ali, near UAE Exchange Metro station. The agent has flagged this as an ASAP sale, with handover expected in May 2027.
Property Highlights
- Type: 2-bedroom apartment, 3 bathrooms
- Size: 1,124 sq ft
- Floor: low
- Asking price: AED 1,531,500
- Rate: AED 1,363 per sq ft
- Status: off-plan resale, ASAP sale
- Handover: May 2027
- Metro: near UAE Exchange station
- Developer: Deyaar Development
- Ownership: freehold
Pricing Analysis
The asking price of AED 1,531,500 for 1,124 sq ft (AED 1,363 per sq ft) is assessed against the developer starting price and active resale listings for 2-bedroom apartments in Eleve by Deyaar.
Developer Starting Price
The Property Finder new project page lists the starting price for 2-bedroom apartments in Eleve at AED 1,500,000. The agent's asking price is AED 31,500 (2.1%) above this starting figure. The starting price typically corresponds to the smallest layout on the lowest available floor. The agent's unit at 1,124 sq ft is near the lower end of the 2-bedroom range (1,072 to 1,907 sq ft), and the low floor position further aligns with the entry-level pricing tier. This suggests the seller is exiting at or near their original developer price without capturing any appreciation.
Active Listing Comparisons
Two active listings for similar-sized 2-bedroom apartments in Eleve provide context:
- Property Finder listing: 1,109 sq ft, AED 1,530,000 (AED 1,379 per sq ft), high floor, partly furnished, marina and city skyline views
- Dubizzle listing: 1,122 sq ft, AED 1,556,303 (AED 1,387 per sq ft), furnished, city, marina, pool and garden views
The agent's per-sqft rate of AED 1,363 is below both listings (1.2% below the Property Finder listing and 1.7% below the Dubizzle listing). The agent's unit is on a low floor, while the Property Finder comparable is on a high floor. The Dubizzle listing is furnished, adding value over an unfurnished or unknown-furnishing unit. These differences suggest the agent's pricing is consistent with a low-floor position and the urgency of an ASAP sale.
Distress Basis
The off-plan distress classification is based on the combination of the seller's stated urgency (ASAP sale), pricing at approximately the developer starting level, and a low-floor position in a building still under construction at approximately 20% completion. The seller appears to be seeking a prompt exit from their off-plan commitment without profit.
Layout and Features
The apartment is 1,124 sq ft with 2 bedrooms and 3 bathrooms. Based on comparable units in Eleve, the layout includes an open-plan living and dining area with curved floor-to-ceiling glazing, a closed kitchen with built-in appliances and island counter, an en-suite primary bedroom with walk-in glass shower and floating vanity, built-in wardrobes, a balcony and a laundry area.
The agent describes the unit as having premium finishing. Deyaar's specifications for Eleve include full-height glazing across all residential floors.
Metro Connectivity
The agent notes proximity to UAE Exchange Metro station, which is on the Dubai Metro Red Line. A Property Finder listing for the building describes metro access as a 1-minute walk. UAE Exchange station connects directly to Dubai Marina, Jumeirah Lakes Towers, DIFC, Downtown Dubai and Dubai International Airport without line changes. The station also serves as a major bus interchange for routes to Jebel Ali Free Zone, Dubai South and Abu Dhabi.
About Eleve by Deyaar
Eleve is a residential tower developed by Deyaar Development PJSC in Downtown Jebel Ali.
Building specifications:
- Developer: Deyaar Development PJSC
- Launched: 27 February 2024
- Expected completion: Q2 2027
- Height: 33 residential floors (38 storeys total including podium and basement)
- Elevators: 12
- Parking: 1,045 covered spaces across 4 basement and podium levels
- Unit types: studio, 1BR (782 to 886 sqft), 2BR (1,072 to 1,907 sqft), 3BR (1,633 to 2,946 sqft)
- Construction progress: approximately 20% (latest available data)
- Ownership: freehold
Building amenities:
- Swimming pool, jacuzzi and kids pool
- State-of-the-art gymnasium
- Residents lounge and club room
- Multipurpose hall
- Children's play area
- Landscaped gardens and BBQ areas
- Retail arcade at ground level
- Covered parking
- 24-hour security with CCTV
Location and Connectivity
Eleve is located in Downtown Jebel Ali on Sheikh Zayed Road, Dubai. The building has direct access to Sheikh Zayed Road, the main arterial connecting Dubai and Abu Dhabi.
- UAE Exchange Metro station: approximately 1-minute walk
- Dubai Marina: approximately 10 minutes
- Expo City Dubai: approximately 10 minutes
- Al Maktoum International Airport (Dubai South): approximately 15 minutes
- Jebel Ali Free Zone: approximately 5 minutes
- Ibn Battuta Mall: approximately 5 minutes
- Palm Jebel Ali: adjacent
Downtown Jebel Ali is positioned along the Sheikh Zayed Road corridor between Dubai Marina and the Jebel Ali industrial zone, with access to Al Furjan, Discovery Gardens and Dubai South.
Verification Notes
Unit-specific facts including 2-bedroom configuration, 1,124 sq ft, low floor, near UAE Exchange Metro, ASAP sale and asking price of AED 1,531,500 are sourced from the agent's brief received on 5 October 2026. The off-plan distress classification is based on the seller's stated urgency and pricing at approximately the developer starting level for 2-bedroom apartments. The 3-bathroom count is based on consistent data across Dubizzle and Property Finder listings for 2-bedroom apartments in Eleve and was not stated by the agent. The agent did not provide the original purchase price, percentage paid, unit number, specific view orientation, furnishing status or service charge. The construction progress of 20% is from listing data and may have advanced. The developer starting price of AED 1.5M is from the Property Finder new project page and reflects the lowest-priced 2-bedroom configuration. The agent's handover date of May 2027 is one month before the developer's stated Q2 2027 (June 2027); the actual handover depends on construction progress.
