Distress Deal: 2 Bedroom in Elara 3, Madinat Jumeirah Living – Burj Al Arab View | AED 3,250,000

Selling Below Original Price | 2BR with Burj Al Arab View | 1,415 sq.ft | Elara 3, MJL | Handover Q1 2027

A rare and commercially significant distress opportunity in Elara 3 — the latest residential addition to Madinat Jumeirah Living, Meraas’s most exclusive gated community in the heart of Jumeirah. This 2-bedroom apartment spans 1,415 sq.ft (131.47 m²) on a middle floor and commands a direct Burj Al Arab view — one of the most coveted outlook types available in any residential building in Dubai, and one that places Elara 3 in an exceptional position within MJL’s diverse building portfolio. The unit is offered at AED 3,250,000 — AED 150,000 (approximately 4.4%) below the seller’s original purchase price of AED 3,400,000. In a location where the Burj Al Arab view commands a premium that the market consistently sustains and grows, a motivated seller pricing below their own original cost provides a directly verifiable entry advantage in one of Dubai’s most permanently in-demand luxury residential addresses. With handover targeted for Q1 2027, the buyer is entering a near-to-delivery asset with a defined and near-term path to occupation or rental income, in a project that carries the full Meraas brand DNA and the irreplaceable lifestyle credentials of Madinat Jumeirah Living.

Property Highlights

• Project: Elara 3
• Developer: Meraas
• Community: Madinat Jumeirah Living (MJL), Jumeirah, Dubai
• Unit Type: 2 Bedrooms
• Size: 1,415 sq.ft (131.47 m²)
• Floor: Middle floor
• View: Burj Al Arab view — direct outlook to the world’s most iconic hotel
• Asking Price: AED 3,250,000 (distress sale)
• Original Purchase Price: AED 3,400,000
• Saving vs OP: AED 150,000 (approximately 4.4% below original price)
• Price per sq.ft: AED 2,297 per sq.ft
• Handover: Q1 2027
• Status: Off-Plan – Near to Handover – Distress Property
• Ownership: Freehold – Open to all nationalities

About Elara 3 – Madinat Jumeirah Living, Dubai

Elara 3 is Meraas’s third and latest residential building within the Elara collection at Madinat Jumeirah Living — the developer’s most exclusive and personally resonant address in Dubai’s Jumeirah district. Each successive building within the Elara series has reinforced what already makes MJL the most coveted low-rise residential community in the emirate: a gated, intimate, design-led environment within walking distance of the Madinat Jumeirah resort complex, Souk Madinat Jumeirah, the Burj Al Arab, and the Jumeirah Beach coastline. Meraas — the developer behind City Walk, La Mer, Bluewaters Island, and Bulgari Resort Dubai — brings its signature approach to design quality, material specification, and community integration to every Elara building, ensuring a level of residential finish and community lifestyle that consistently sets MJL apart from Dubai’s broader luxury apartment market. Within the Elara series, Elara 3 represents the most recent and therefore the most contemporary design iteration — benefiting from the accumulated learnings of the preceding buildings and Meraas’s ongoing refinement of what an MJL residence should deliver. The Burj Al Arab view from a middle floor in Elara 3 is the defining commercial and lifestyle differentiator of this specific unit — a view that encompasses the world’s most recognised and photographed hotel, the Arabian Gulf coastline, and the wider Jumeirah beachfront panorama. This is not a generic sea view; it is a named, iconic view that commands a specific, documented, and permanent premium in Dubai’s residential market.

Community and Lifestyle

• Madinat Jumeirah Living is the only residential community in Dubai with direct pedestrian access to the Madinat Jumeirah resort complex — one of the world’s most celebrated Arabian-heritage luxury hotel and lifestyle destinations, with over 70 restaurants, cafés, and retail outlets in Souk Madinat Jumeirah alone
• The Burj Al Arab is within a 5-minute walk — the world’s most iconic hotel and Dubai’s most photographed architectural landmark
• Jumeirah Beach is within a 5-minute walk — one of Dubai’s cleanest and most celebrated public beaches on the Arabian Gulf
• Wild Wadi Waterpark is within a 3-minute walk — directly adjacent to the MJL community
• The community is deliberately low-density and gated — a private, serene residential environment within one of Dubai’s most energetic and desirable coastal lifestyle corridors
• Mall of the Emirates and JBR are both within 15 minutes by car
• Suited to senior professionals, high-net-worth residents, families seeking the most complete Jumeirah lifestyle address, and investors targeting the premium short and long-term rental market

Amenities

• Community swimming pool
• Fully equipped fitness centre
• Landscaped community gardens and open green spaces
• Children’s play areas
• Covered parking
• 24-hour security and concierge
• Premium lobby and building management
• Direct pedestrian access to Madinat Jumeirah resort complex and Souk Madinat
• Steps from Jumeirah Beach public beach access
• Proximity to Wild Wadi Waterpark, Madinat Jumeirah dining, and the Jumeirah restaurant and café strip
• Proximity to Jumeirah Beach Hotel and Burj Al Arab facilities

Layout and Floor Plan

This 2-bedroom apartment in Elara 3 spans 1,415 sq.ft (131.47 m²) on a middle floor with a direct Burj Al Arab view. At 1,415 sq.ft for a 2-bedroom in MJL, this is a well-proportioned and liveable apartment — above the Dubai market average for this bedroom configuration in the Jumeirah sub-market — with room dimensions that reflect Meraas’s commitment to spatial quality and the Elara series standard. The typical Elara 2-bedroom layout includes an open-plan living and dining area, a fully fitted premium kitchen, a master bedroom with en-suite bathroom, a second bedroom with bathroom, and a balcony with the Burj Al Arab view. The exact floor level within the middle-floor band, the precise room dimensions, balcony area, and detailed architectural floor plan for this specific unit in Elara 3, MJL are available on request. Please contact us to receive the full documentation package.

Payment and Handover

This is an off-plan secondary market distress sale from a motivated seller. Pricing summary:

• Asking Price: AED 3,250,000
• Original Purchase Price: AED 3,400,000
• Saving vs OP: AED 150,000 (approximately 4.4% below original price)
• View: Burj Al Arab
• Size: 1,415 sq.ft (131.47 m²)
• Floor: Middle floor
• Handover: Q1 2027

The buyer assumes the remaining payment plan instalments payable to Meraas. The exact amounts already paid and outstanding, the instalment milestone schedule, Dubai Land Department (DLD) transfer fee (typically 4% of the purchase price — AED 130,000 on an AED 3,250,000 transaction), Meraas NOC and admin charges, and applicable annual service charges are all available on request. All financial and legal details should be independently verified before proceeding. This is a freehold property available to all nationalities.

Location and Connectivity

• Madinat Jumeirah Resort and Souk Madinat: Adjacent — direct pedestrian access from the MJL community
• Burj Al Arab: Approximately 5 minutes on foot or 2 minutes by car — visible directly from the apartment
• Jumeirah Beach: Approximately 5 minutes on foot
• Wild Wadi Waterpark: Approximately 3 minutes on foot
• Jumeirah Beach Hotel: Approximately 5 minutes on foot
• Mall of the Emirates: Approximately 10 minutes by car
• Dubai Hills Mall: Approximately 15 minutes by car
• JBR and Dubai Marina: Approximately 15 minutes by car
• Downtown Dubai and Burj Khalifa: Approximately 20 minutes by car
• DIFC and Business Bay: Approximately 20 minutes by car
• Dubai International Airport: Approximately 25 minutes by car
• Direct access via Jumeirah Beach Road and Sheikh Zayed Road (E11)

Why Invest in Elara 3 at MJL

• Below original purchase price — direct verifiable discount: AED 3,250,000 against the seller’s original cost of AED 3,400,000 — a motivated seller exit at a loss that provides the buyer with an immediate and documented entry advantage in one of Dubai’s most persistently in-demand luxury communities
• Burj Al Arab view — permanently irreplaceable: The Burj Al Arab view from this unit is not a generic sea view or a skyline view — it is a named, iconic, and globally recognised architectural landmark view that commands a specific and permanent premium in Dubai’s residential market. No future development can obstruct this view; the Burj Al Arab is a fixed point on the Jumeirah coastline forever
• Meraas Elara 3 — the most current and refined iteration: As the third Elara building in MJL, Elara 3 benefits from Meraas’s accumulated design and delivery learnings, offering the most current material specification, architectural detailing, and community integration of the Elara series
• MJL permanence and scarcity: Madinat Jumeirah Living is a finite, deliberately low-density community with no additional land for comparable development in this specific location. The combination of Burj Al Arab proximity, Madinat Jumeirah access, beach walkability, and Meraas quality creates a permanent scarcity that ensures long-term value resilience
• Q1 2027 handover — near-to-delivery: Limited remaining construction risk with a defined handover quarter that creates a near-term and concrete path to occupation or rental income deployment
• Premium rental market — both STR and LTR: MJL commands the highest per-square-metre rental rates in the Jumeirah sub-market. A 2-bedroom with a Burj Al Arab view in Elara 3 is one of the most commercially premium rental configurations in the community — with STR potential driven by the Burj Al Arab backdrop and LTR potential driven by the address, lifestyle, and Meraas quality
• Freehold ownership: Open to all nationalities with full Dubai Land Department title deed upon handover

Frequently Asked Questions (FAQs)