PropertyIndex

Elan

Completed · Q4 2023|916 villas

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Elan is a completed villas development by MAJID AL FUTTAIM TILAL AL GHAF PHASE A L.L.C in Tilal Al Ghaf, Al Hebiah Fourth, comprising 916 registered villas. 1,623 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,050 per sqft. At AED 2,050 per sqft, Elan prices 7% below the Tilal Al Ghaf average of AED 2,204 per sqft on registered sales.

PIX© price · 3.4% YoY
3.49MAED
Typical
2,050AED
PSF
Gross yield
5.5%
PIX© rent ÷ PIX© price
Sale records
1,623
DLD · all time
Rent contracts
1,758
Ejari · all time
Elan

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
1,511 – 3,303 sqft
9163.49M2,0503.4%194K5.5%
3 Bed · Villa
1,511 – 1,788 sqft
611
4 Bed · Villa
1,512 – 3,303 sqft
305
Villa (Bedrooms Unknown)
1,511 – 2,174 sqft
Sales — Project-Wide1,623 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
14 Aug 20264 Bed2,3944,200,0001,755Entry LevelStandard Sale
13 Aug 20263 Bed1,5123,450,0002,282+113.0%Entry LevelStandard Sale
11 Aug 20264 Bed2,173224,895103-94.7%Entry LevelStandard Sale
Rentals — Project-Wide1,758 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
26 Aug 20264 Bed2,401270,000112Premiumrenewal
25 Aug 20264 Bed2,237240,000107Standardrenewal
24 Aug 20263 Bed1,512205,553136Premiumrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Tilal Al Ghaf

The closest-priced registered projects in Tilal Al Ghaf.

Common questions about Elan

Answered from Dubai Land Department registered transactions.

How much does a property in Elan cost?

Property in Elan sells at a current PIX© price of AED 2,050 per sqft, or about AED 3,491,558 for a typical unit, based on 1,623 sales registered with the Dubai Land Department.

Is Elan completed?

Yes. Elan is recorded as completed in the Dubai Land Department project register (completed q4 2023).

Who is the developer of Elan?

Elan is developed by MAJID AL FUTTAIM TILAL AL GHAF PHASE A L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Elan?

Elan yields 5.5% gross, calculated from current PIX© rent against current PIX© sale price, across 1,758 registered Ejari contracts.

How many villas are in Elan?

Elan holds 916 registered villas, per the Dubai Land Department unit register.

Have prices in Elan gone up or down?

Price per sqft has fallen -3.4% over the last 12 months, to AED 2,050, across 1,623 registered sales.