New homes in Elire Managed by LUX start at AED 3,352,000; keys are due Mar 2028; you pay 15% to book, 30% while it is built and 55% at the keys.
Keys
Mar 2028
The developer's handover date
Payment plan
15 / 30 / 55
15% to book, 30% while it is built, 55% at the keys
Bedrooms
1 to 4 beds
Sizes
612 to 5,300 sq ft
Ownership
Freehold
Property types
Apartment and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 5,477 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. The developer can give you its RERA project number.
Paying for it
You pay 15% when you book, 30% as the building goes up, and 55% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 15%
Booking
15%
AED 502,800+ AED 134,080 DLD fee
AED 636,880
Feb 2027While it is built · 6%
While it is built
6%
AED 201,120
AED 838,000
Apr 2027While it is built · 6%
While it is built
6%
AED 201,120
AED 1,039,120
Jul 2027While it is built · 6%
While it is built
6%
AED 201,120
AED 1,240,240
Oct 2027While it is built · 6%
While it is built
6%
AED 201,120
AED 1,441,360
Dec 2027While it is built · 6%
While it is built
6%
AED 201,120
AED 1,642,480
Mar 2028Keys · 55%
Keys
55%
AED 1,843,600
AED 3,486,080
Booking payment, 15%
AED 502,800
Dubai Land Department fee (Oqood), 4%
AED 134,080
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 636,880
Total costPrice plus the DLD fee
AED 3,486,080
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.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
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. "Rent and yield" below gives the figure for this project.
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 64 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Business Bay, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
We compare with off-plan sales across Business Bay, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 64 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Business Bay, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,466 per sq ft
AED 1,787 to AED 2,021 per sq ft
3 sales
AED 2,021 to AED 2,256 per sq ft
9 sales
AED 2,256 to AED 2,491 per sq ft
21 sales
AED 2,491 to AED 2,725 per sq ft
17 sales
AED 2,725 to AED 2,960 per sq ft
2 sales
AED 2,960 to AED 3,194 per sq ft
5 sales
AED 3,194 to AED 3,429 per sq ft
1 sale
AED 3,429 to AED 3,664 per sq ft
6 sales
AED 1,787 per sq ftAED 3,664 per sq ft
This project AED 5,477 per sq ft, above every sale
Half of the sales sold for AED 2,339 to AED 2,700 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 1,787 to AED 2,021 per sq ft
3
AED 2,021 to AED 2,256 per sq ft
9
AED 2,256 to AED 2,491 per sq ft
21
AED 2,491 to AED 2,725 per sq ft
17
AED 2,725 to AED 2,960 per sq ft
2
AED 2,960 to AED 3,194 per sq ft
5
AED 3,194 to AED 3,429 per sq ft
1
AED 3,429 to AED 3,664 per sq ft
6
The 3 closest sales
Picked from the 64 similar sales above, closest in size to this project's smallest home.
Feb 2026AED 2,044,150AED 3,352 per sq ftRove Home Marasi Drive, 610 sq ft
Jan 2026AED 2,207,490AED 3,623 per sq ftRove Home Marasi Drive, 609 sq ft
Jan 2026AED 2,204,571AED 3,620 per sq ftRove Home Marasi Drive, 609 sq ft
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 Business Bay 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
1-bed apartmentFrom AED 3,352,000 here
Off-plan medianAED 2,291,000AED 2,671 per sq ft
Sales1,749
Price far from 64 similar sales
2-bed apartment
Off-plan medianAED 3,570,000AED 2,691 per sq ft
Sales953
3-bed apartment
Off-plan medianAED 5,829,000AED 3,046 per sq ft
Sales219
4-bed apartment
Off-plan medianAED 12,289,000AED 3,094 per sq ft
Sales33
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
2.9%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
2.3%
Typical gross yield of similar ready homes
7%
Median rent of 1-bed apartments in Business Bay
AED 98,000 a year
Service charge a year, from the keysThe area median, AED 30 per sq ft from 36 buildings, as of 2024, for the smallest home (612 sq ft)
AED 18,360
Rent contracts counted
4,357
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 98,000 a year
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 200,000 a year
4-bed apartment
AED 327,500 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 98,000 ÷ AED 3,352,000 = 2.9%. 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
Business Bay Metro Station750 m, 18 min walkMetro station
Mercato Beach3.4 km, 10 min driveBeach
Business Bay creek front850 m, 14 min walkWaterfront
JSS School1.6 km, 6 min driveSchool
Horizon English School1.8 km, 5 min driveBritish school
Dubai International School2.6 km, 8 min driveAmerican school
Jumeirah Baccalaureate School3.1 km, 9 min driveIB school
Elire Managed by LUX is a QUBE Development building in Business Bay with 1- to 4-bedroom apartments and duplexes from AED 3,352,000, and handover listed for March 2028. 55% of the price is due at handover, and the price check for this project isn't reliable enough to quote.
You pay 15% on booking, 30% during construction and 55% on handover. At the from price that is AED 502,800 on booking, AED 1,005,600 during construction and AED 1,843,600 on handover, which is listed for March 2028. The 4% DLD fee comes to AED 134,080.
The price check for this project isn't reliable enough to quote. Ask what size and unit the from price buys.
The building has 100 homes. The listing mentions custom-designed furnishings, so ask whether furniture is included in the price. The listing gives sizes of 612 to 5,300 sq ft, while other figures give 978 sq ft for one bedroom, 1,551 sq ft for two and 3,805 sq ft for three; ask for the floor plan of your unit. Facilities include a Turkish hammam, yoga and pilates studios, padel and semi-basketball courts, a spa and an infinity rooftop pool. As a managed building, ask LUX for the service charge and any management fees.
By our map, Business Bay Metro Station is about 760 m away. The creek front is about 860 m away and Downtown Dubai about 970 m. JSS School is about 1.6 km away and Horizon English School about 1.8 km.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
How prices moved
Median price of 1-bed apartments in Business Bay, over the 12 months to each dateUp 8% from Dec 2024 to Sep 2026.
Dec 2024AED 2,464 per sq ft
Sep 2026AED 2,671 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 2,671 per sq ft
1,749 sales
Jun 2026
AED 2,711 per sq ft
2,659 sales
Mar 2026
AED 2,658 per sq ft
3,140 sales
Dec 2025
AED 2,600 per sq ft
3,213 sales
Sep 2025
AED 2,483 per sq ft
3,255 sales
Jun 2025
AED 2,450 per sq ft
2,791 sales
Mar 2025
AED 2,500 per sq ft
2,820 sales
Dec 2024
AED 2,464 per sq ft
2,999 sales
Off-plan sales only.
Questions about this project
Which company is developing Elire?
QUBE Development, with the building managed by LUX. It is in Business Bay.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold.
How much is left to pay at handover?
55% of the price. At the from price that is AED 1,843,600, due on handover, which is listed for March 2028. Separately, the 4% DLD fee comes to AED 134,080; ask when it is due.
What can residents use in the building?
A Turkish hammam, indoor and outdoor kids' areas, an infinity rooftop pool, yoga and pilates studios and concierge-level services.
How far is the metro?
Business Bay Metro Station is about 760 m away by our map.
