Elvira 1

1. Does it pay a good rent?6.0% gross, before the service charge (not on file) (Dubai median 6.8%)6.0%Fair
2. Are rents going up?Too few new leases on both sides of the year to measure a changeNo record
3. Are prices going up?2 bed: AED 2,211/sqft a year ago, 2,287 now+3.5%Strength
4. How fast do fees pay back?AED 156,700 in fees to buy a 2 bed; rent covers it in 1.0 years1.0 yrs
5. Can I sell easily?36 sales in 12 months (62 the year before)36
6. Is a lot being built nearby?3,559 apartments are planned in Dubai Hills Estate from 2026 to 2028, equal to 73% of the 4,869 homes let there today. Dubai Hills Estate supply by year →73%Watch
7. Did earlier buyers gain?Up 24% for launch buyers, before fees+24.1%Context

8 resales in the last 12 months, against 183 a year on average over 2023–2025.

At 2 bed, Elvira 1 has registered sale prices 4% below the Dubai Hills Estate median price per square foot of 2,386 AED, across 66 eligible buildings. It ranks 45th of 66 by price per square foot and 17th of 35 by gross yield in Dubai Hills Estate.

Ejari files Elvira’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.

• Sales and rents to
  2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
  On record
• Sales evidence · 2 bed
  14 registered sales in 12 months
  On record
• Rental evidence · 2 bed
  9 new and 0 renewal contracts in 12 months · rent source: project (pooled)
  Read with care
• Service charge
  Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
  Not on record
• Project register
  Elvira: recorded complete 2026-07-01 · register data to 2026-07-06
  On record
• Developer
  Dubai Hills Estate · delivery record
  On record
• Costs not included
  4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
  Not in the yield

What is the rental yield in Elvira 1?

Elvira 1 returns 6.0% gross: a median new-contract rent of AED 150,000 a year (9 Ejari contracts in 12 months) over a price benchmark of AED 2.50M (median of 14 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.

How much does a 2 bedroom in Elvira 1 cost?

The median registered sale price is AED 2.50M (2,287 AED/sqft), from 14 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.

Have prices in Elvira 1 risen or fallen?

Median price per square foot moved +3.5% over the last 12 months against the 12 before it, on 14 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

How does Elvira 1 compare with Dubai Hills Estate?

Its 6.0% gross yield sits +0.1 pts against the Dubai Hills Estate median of 5.9%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.

What is the registered annual rent for a 2 bedroom in Elvira 1?

The median new annual rent is AED 150,000, from 9 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.