Under construction properties
Elvira
$634,300
  • Property type:
    2 bedroom
  • Two-Year Price Appreciation:
    22%
  • District:

    Dubai Hills

  • Developer:

    Emaar

  • Class of the property:
    "B"
  • Class of the district:
    "B"
  • Rating Independent:
    5★
  • Reliability of the developer:
    5★
  • Down payment:
    20%
  • Payment plan:
    80/20
  • Completion date:
    Q4 2026

About district
Location
  • District
    Dubai Hills
Dubai Hills Estate is one of the most popular areas to reside in Dubai, with a mixed-use infrastructure, and great overall amenities. The project launched in 2014 and is a joint venture of two holding companies – Emaar Properties and Meraas Holding. This was the first phase of construction for the Mohammed Bin Rashid City district (MBR City) and is a “city within a city” due to the huge scale of the project. The total built-upon area is over 118 million sq. ft, where it is proposed to accommodate over 100,000 residents in over 30 blocks.

Most of the area is set aside for vast landscaped parks and gardens, outdoor areas and a 177,165 ft cycling track. The project comprises property such as a commercial centre, hotels and hotel apartments, townhouses, mid and low-rise complexes as well as residential land plots, which are located on an area equal to 200 football fields. It is evident that no other community in the region can measure up to such size.


Location: The district is located close to other Emaar communities such as Downtown Dubai, Dubai Marina, and Emirates Hills. It neighbors Al-Barsha to the west and Al-Quoz to the east. Well-connected to Meidan City and Arabian Ranches areas.

Current Property Value Over the Past Year:
✅Average price per square meter increased by 32%.
✅Average apartment price increased by 15%.
✅Number of buying-selling transactions increased by 60%.

Rental Prices:
✅Over the past year, the average rental price has increased by 15%.
Statistics by district
Unit cost
Sales price
Unit cost
Sales price per sqft

About developer

Emaar Properties

Emaar Properties is one of the leading property developers in the UAE. Established in 1997 to contribute to the construction sector in the country, the company mainly focuses on the development of luxury properties worldwide. Over the years, Emaar has built a number of residential, commercial and hospitality projects. Despite its international presence, the main location of activity is still the United Arab Emirates, more specifically Dubai and Abu Dhabi. Emaar Properties is listed on the Dubai Financial Market as a Public Joint Stock Company. The company has its headquarters in Dubai.

Emaar Properties PJSC is a multinational development company based in the United Arab Emirates. The company operates internationally, across Africa, Asia, Europe, North America and the Middle East, providing property development and management services.

Mohamed Alabbar is the founder and chairman of Emaar Properties. Since 2016, the CEO of Emaar Group is Amit Jain. The initial owner of Emaar Properties was the Dubai government until the company went public in 2000.

Today Emaar has six business segments and 60 subsidiaries in 36 markets all over the world, such as Emaar Malls Group (shopping malls and retail), Emaar International (property development in international markets), Emaar Hospitality Group (a global provider of lifestyle experience), Emaar Entertainment (provider of premium leisure and entertainment attractions) and Emaar Investment Holding.

About building
About Elvira
The latest residential twin-tower project of Emaar, Elvira Dubai Hills Estate is taking Dubai’s property development market by storm as it offers one, two, and three-bedroom apartments with three-bedroom duplexes and townhouses overlooking the gorgeous Dubai Hills Park. The duplexes and townhouses come with spacious balconies. This 16-floor project offers a state-of-the-art amenities podium and is a stone’s throw away from Dubai Hills Mall.

Elvira is located in the sought-after neighbourhood of Dubai Hills Estate, and is a premium project by one of the leading developers in Dubai; Emaar Properties.

For the utmost comfort of homeowners, each property will come with 1 or more balconies, a laundry room and walk-in closets in the bedrooms. At the same time, duplexes, townhouses and select 3-bedroom apartments will feature private gardens, where one can relax after a tiring day. The distinctive feature of the luxury townhouses is a direct view of the leafy Dubai Hills Park, which will not be available in other properties. You will also be able to enjoy an abundance of natural light from the large floor-to-ceiling windows. The size of the properties range from 693 sq. ft to a generous 3,392 sq. ft.
Features / Amenities
  • Parking facility
  • Kids play area
  • Green parks
  • Gym
  • Swimming pool
  • Restaurants
  • Supermarket
  • Tennis court
  • Golf course

Apartment
Floor Plans
2 bedroom / 1065 sqft
$634,300

Process of purchasing
Process of purchasing property
1
Step №1
We identify a suitable property that meets your needs and has promising potential for appreciation.
2
Step №2
We confirm the property's availability with the developer, keeping in mind that properties in Dubai can be snapped up quickly.
3
Step №3
Our team verifies the escrow accounts and the project card via the Dubai Land Department website.
4
Step №4
You place an Expression of Interest (refundable) or a Deposit (non-refundable) - 2-5% to provisionally reserve the property under your name. This deposit is paid into the developer's bank account.
5
Step №5
We complete and sign the Booking Form online.
6
Step №6
You transfer the remaining part of the initial payment (10-20%) within 1-2 weeks. This payment is also made to the developer's bank account.
7
Step №7
We handle the payment of the Dubai Land Department (DLD) fee, which amounts to 4% of the property value.
8
Step №8
You cover additional fees: the administration fee (580 AED) and OQOOD - temporary ownership certificate (2,100 AED for sale price below 500k - 4,200 AED for sale price above 500k).
9
Step №9
We sign the main Sales and Purchase Agreement (SPA) either remotely, at the developer's office, or via post. This typically occurs within 1-2 months.

Example of the agreement
10
Step №10
You continue with the remaining payments, which are made to the project's escrow account, until the handover or key collection.
11
Step №11
Upon completion of the full payment, you will receive the Title Deed - the ownership certificate (250 AED) and then proceed to take over the property and collect the keys.

Title Deed
All rights reserved.
ⓒ2024