New homes in ELAR1S Sky start at AED 765,000; keys are due Dec 2028; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 76 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in ELARIS Sky. Their median price is AED 1,945 per sq ft (about AED 760,000 at 391 sq ft). This project's from price is AED 1,957 per sq ft (AED 765,000 for its smallest home, 391 sq ft), 1% more.
Keys
Dec 2028
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
Studio to 2 beds
Sizes
391 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 1,957 per sq ft
Similar off-plan homes: AED 1,945 per sq ft
RERA project
4019
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Waiting to start. DLD register, Jun 12, 2026
Completion on the register
Sep 2028
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف ابوظبى الاسلامى
The bank that holds your payments
Registered homes
409
In 1 buildings
Paying for it
You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 153,000
Feb 2027
While it is built
6.3%
AED 47,813
May 2027
While it is built
6.3%
AED 47,813
Jul 2027
While it is built
6.3%
AED 47,813
Oct 2027
While it is built
6.3%
AED 47,813
Jan 2028
While it is built
6.3%
AED 47,813
Apr 2028
While it is built
6.3%
AED 47,813
Jun 2028
While it is built
6.3%
AED 47,813
Sep 2028
While it is built
6.3%
AED 47,813
Dec 2028
Keys
30%
AED 229,500
Booking payment, 20%
AED 153,000
Dubai Land Department fee (Oqood), 4%
AED 30,600
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 183,600
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Object One Real Estate Development for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 76 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in ELARIS Sky, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Dubai Land Department recorded 76 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in ELARIS Sky, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,945 per sq ft
AED 1,766 to AED 1,808 per sq ft
3 sales
AED 1,808 to AED 1,850 per sq ft
4 sales
AED 1,850 to AED 1,893 per sq ft
12 sales
AED 1,893 to AED 1,935 per sq ft
13 sales
AED 1,935 to AED 1,977 per sq ft
23 sales
This project's from price is in this band.
AED 1,977 to AED 2,020 per sq ft
13 sales
AED 2,020 to AED 2,062 per sq ft
6 sales
AED 2,062 to AED 2,105 per sq ft
2 sales
AED 1,766 per sq ftAED 2,105 per sq ft
This project AED 1,957 per sq ft
Half of the sales sold for AED 1,897 to AED 1,980 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,766 to AED 1,808 per sq ft
3
AED 1,808 to AED 1,850 per sq ft
4
AED 1,850 to AED 1,893 per sq ft
12
AED 1,893 to AED 1,935 per sq ft
13
AED 1,935 to AED 1,977 per sq ft
23
AED 1,977 to AED 2,020 per sq ft
13
AED 2,020 to AED 2,062 per sq ft
6
AED 2,062 to AED 2,105 per sq ft
2
The 3 closest sales
Picked from the 76 similar sales above, closest in size to this project's smallest home.
Jan 2026AED 776,545AED 1,989 per sq ftELARIS SKY, 390 sq ft
Dec 2025AED 726,220AED 1,860 per sq ftELARIS SKY, 390 sq ft
Dec 2025AED 769,200AED 1,970 per sq ftELARIS SKY, 390 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Jumeirah Village Triangle in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 765,000 here
Off-plan medianAED 785,000AED 1,953 per sq ft
Sales1,337
1% above 76 similar sales
1-bed apartment
Off-plan medianAED 1,259,000AED 1,633 per sq ft
Sales1,896
2-bed apartment
Off-plan medianAED 1,781,000AED 1,395 per sq ft
Sales525
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
6.4%
Typical for similar ready homes
8.6%
Median rent of studio apartments in Jumeirah Village Triangle
AED 49,000 a year
Rent contracts counted
734
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 49,000 a year
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 90,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 49,000 ÷ AED 765,000 = 6.4%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Jumeirah Golf Estates Metro Station3.5 km, 15 min driveMetro station
Dubai British School Emirates Hills2.2 km, 6 min driveSchool
Arcadia Global School3.7 km, 10 min driveBritish school
Emirates International School - Meadows4 km, 9 min driveIB school
JSS International School4.8 km, 16 min driveIndian school
ELAR1S Sky is a high-rise apartment building by Object One Real Estate Development in Jumeirah Village Triangle, with studios to 2-bedroom homes from AED 765,000 and handover listed for December 2028. The price check puts the from price per square foot 0.6% above 76 similar sales in this building over the 12 months to October 2026.
The price check puts the from price per square foot 0.6% above 76 similar sales in this building over the 12 months to October 2026. Handover is listed for December 2028, about two years away.
The plan is 20% on booking, 50% during construction and 30% on handover. At the from price you pay AED 153,000 on booking, AED 382,500 during construction and AED 229,500 on handover. The 4% DLD fee comes to AED 30,600.
The listing gives a single size of 391 sq ft for every home, which fits a studio but not a one- or two-bedroom home. Other figures put one-bedroom homes at 715 sq ft and two-bedroom homes at 1,153 sq ft. Ask for the floor plan of the unit you want before you book. Residents have a shared pool, a children's pool, indoor and outdoor gyms, a children's play area, BBQ spaces, outdoor sitting areas, a building lobby, covered parking and 24/7 security.
By our map, Mediclinic Meaisem is about 1.1 km away and Jumeirah Golf Estates about 2.6 km. Jumeirah Golf Estates Metro Station is about 3.5 km away, about 15 minutes by car by our estimate. For schools, Dubai British School Emirates Hills is about 2.2 km away, Arcadia Global School about 3.7 km and Emirates International School - Meadows about 4 km. JBR beach is about 12 minutes by car and Jumeirah Lakes Towers about 14 minutes.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Studio
1 BR
2 BR
How prices moved
Median price of studio apartments in Jumeirah Village Triangle, over the 12 months to each dateUp 24% from Dec 2024 to Sep 2026.
Dec 2024AED 1,578 per sq ft
Sep 2026AED 1,953 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 1,953 per sq ft
1,337 sales
Jun 2026
AED 1,909 per sq ft
1,548 sales
Mar 2026
AED 1,843 per sq ft
1,620 sales
Dec 2025
AED 1,819 per sq ft
1,511 sales
Sep 2025
AED 1,666 per sq ft
1,130 sales
Jun 2025
AED 1,590 per sq ft
994 sales
Mar 2025
AED 1,581 per sq ft
881 sales
Dec 2024
AED 1,578 per sq ft
875 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which developer is building ELAR1S Sky?
Object One Real Estate Development. The building is in Jumeirah Village Triangle.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold.
How does the from price compare with recent sales?
The price check puts the from price per square foot 0.6% above 76 similar sales in this building over the 12 months to October 2026.
How much is the booking payment?
AED 153,000, which is 20% of the from price. Separately, the 4% DLD fee comes to AED 30,600; ask when it is due.
What size are the one- and two-bedroom homes?
The listing gives only 391 sq ft, which fits a studio. Other figures give 715 sq ft for one bedroom and 1,153 sq ft for two, so ask for the floor plan.
When is handover?
Handover is listed for December 2028, about two years from now.
