Where is Elara by Durar located?

Elara by Durar is situated on Al Marjan Island in Ras Al Khaimah.

What types of properties at Durar Elara are available?

Elara by Durar on Al Marjan Island offers a variety of property types, including studios, one-bedroom, two-bedroom, and three-bedroom apartments. The sizes of these properties start from 433 sqft (40 m²).

What are the prices for buying an apartment at Elara Al Marjan Island?

The starting price for apartments for sale at Durar Elara is AED 1,230,000 ($334,900).

What is the payment plan for buying an apartment at Durar Elara?

Durar provides a flexible payment plan for purchasing property at Elara Al Marjan Island, structured as a 60/40 split.

What amenities are available at Durar Elara Al Marjan Island?

The amenities at Durar Elara Al Marjan Island include The Urban Beach developed using Crystal Lagoons technology, a spa and wellness center, yoga studio, cinema, retail spaces, and business lounges.

What is the handover date for property at Elara Al Marjan Island?

The handover date for apartments at Elara Al Marjan Island is scheduled for Q4 2026.

Elara by Durar Group on Al Marjan Island, Ras Al Khaimah

Elara by Durar is an exciting new residential development located on Al Marjan Island, Ras Al Khaimah. Developed by the Durar Group, this project offers a range of luxurious properties including studios, one, two, and three-bedroom apartments.

Designed by the renowned architectural firm W.A.T.G., known for their work on the Four Seasons Doha and JW Marriott Jeju, Elara promises a blend of modern luxury and exceptional design.

The properties at Durar Elara range in size from 433 sqft (40 m²), with starting prices at AED 1,230,000 ($334,900).

The complex features 374 luxury apartments, each designed with attention to detail to provide a high standard of living. One of the standout features of Elara is The Urban Beach, developed using Crystal Lagoons technology, offering a unique recreational space for residents.

Elara's amenities include a spa and wellness center, yoga studio, cinema, retail spaces, and business lounges, ensuring residents have everything they need within the complex. Durar Elara Al Marjan Island is situated near the upcoming Wynn Al Marjan Island, which will feature the first casino in the Middle East, adding to the area's vibrant lifestyle options.

The payment plan for buying apartments at Elara Al Marjan Island is structured as a 60/40 split, making it a flexible option for investors. The handover date for the property at Elara Al Marjan Island is set for Q4 2026, providing ample time for buyers to plan their investment.

Renders may look slightly different than real life photos

Al Marjan Island itself is a prime location for both residents and investors. Known for its beautiful coral-shaped atolls and vibrant community, the island offers a plethora of activities and amenities. Residents of apartments on Al Marjan Island can enjoy access to shopping centers, world-class healthcare facilities, entertainment options, and educational institutions. Nearby attractions include the Al Hamra Golf Club, Al Hamra Mall, and the pristine beaches of Ras Al Khaimah.

The island's strategic location makes it highly accessible, with Ras Al Khaimah International Airport just 30 minutes away and Dubai International Airport approximately a 45-minute drive, ensuring convenient travel options for both domestic and international trips. The island is also well-connected by a network of advanced roads, making commuting easy and efficient for residents.

Al Marjan Island boasts a range of luxurious residential developments that cater to both lifestyle and investment needs. New projects like the mixed-use beachfront resort and residential development by Dubai Investments highlight the region's growth potential and commitment to providing high-end living experiences. Other significant developments include upscale residential buildings by Range Developments, which add to the island’s appeal with their modern design and premium amenities.

The island’s appeal extends beyond its residential offerings, with a strong focus on sustainability and innovation in its development. This approach not only enhances the quality of life for residents but also positions Al Marjan Island as a forward-thinking investment destination. The continuous development of hospitality, commercial, and recreational facilities ensures that the island remains a vibrant and desirable location for both investors and residents alike.

The investment potential of property on Al Marjan Island is significant, with attractive returns on investment (ROI) due to the area's growing popularity as a tourism and residential destination. The strategic location, combined with high-quality developments like Elara, positions Al Marjan Island as a sought-after area for both living and investing. The planned infrastructure improvements and the presence of major attractions like Wynn Al Marjan Island add to the economic appeal, ensuring steady growth in property values.

As of Q1 2024, the average ROI for apartments on Al Marjan Island stands at a promising 6%. This makes it an appealing option for investors seeking stable passive income. Rental costs for 1-bedroom apartments on the island start at AED 37,000 ($10,000) per annum. These figures demonstrate the potential for solid rental yields, enhancing the overall investment value.

Additionally, the development of new projects and luxury properties, such as those by Range Developments and Dubai Investments, further boosts the island's attractiveness. These projects include features like beachfront locations, high-end amenities, and sustainable designs, contributing to the rising demand and increasing property values.