Elaris Sky, developed by Object 1 Development, is a striking 43-storey residential tower that stands as a beacon of modern vertical living in Jumeirah Village Triangle (JVT). Drawing inspiration from the Greek concept of light and air, the project is built to offer a harmonious balance between contemporary architecture and natural elements. Showcasing 402 meticulously designed residences, including studios, 1-bedroom, and 2-bedroom apartments, Elaris Sky caters to urban dwellers who prioritize both style and serenity.
Strategically located in JVT District 3, the tower boasts a sleek, light-toned facade with spacious terraces plus floor-to-ceiling windows that maximize natural sunlight. The interiors are defined by a minimalist aesthetic, high-quality finishes, plus smart home integration. Beyond its residential units, Elaris Sky serves as a comprehensive lifestyle ecosystem, blending retail outlets and office spaces within its podium, ensuring that residents have everything they need for a balanced “live-work-play” environment in one of Dubai’s most sustainable suburban districts.
Property Details
| Feature | Details |
| Developer | Object 1 Development |
| Location | Jumeirah Village Triangle (JVT), District 3 |
| Property Type | High-Rise Luxury Apartments |
| Starting Price | AED 767,000 |
| Government Fee | 4% DLD Fee |
| Unit Status | Off-Plan |
| Ownership | Freehold |
| Estimated Completion | December 2028 (Q4 2028) |
| Views | Dubai Marina Skyline and JVT Community Greenery |
Features & Amenities
| Feature | Details |
| Swimming Pools | Panoramic infinity pool on upper levels and a podium-level leisure pool |
| Fitness Centers | State-of-the-art indoor and outdoor gyms and CrossFit facilities |
| Smart Living | Integrated smart home technology for climate, lighting, and security control |
| Leisure & Social | BBQ zones, Zen gardens, clubhouse, and social activity lounges |
| Family Oriented | Dedicated children’s pool, indoor play area, and outdoor playgrounds |
| Convenience | On-site retail shops, seven retail units, and 24/7 concierge services |
| Wellness | Landscaped podium terraces and tranquil outdoor sitting areas |
Location & Connectivity
Elaris Sky’s location features seamless access to Dubai’s key transit arteries, including Al Khail Road and Sheikh Mohammed Bin Zayed Road:
- 01 min, Arcadia British School
- 02 mins, JVT Community Park
- 10 mins, Jumeirah Park Centre & City Centre Me’aisem
- 15 mins, Marina Beach & JBR
- 25 mins, Downtown Dubai & Burj Khalifa
- 30 mins, Al Maktoum International Airport (DWC)
Payment Plan
| Stage | Percentage | Notes |
| Down Payment | 20% | On Booking Date |
| During Construction | 50% | 1st to 32nd Installment (approx. 1% monthly) |
| On Handover | 30% | Final payment upon 100% completion (Q4 2028) |
Floor Plans
Unit sizes at Elaris Sky at JVT: Luxury High-Rise Living by Object 1 Development run from 390 to 1,152 square feet: Studio Apartment at 390 sq ft, 1-Bedroom Apartment at 714 sq ft and 2-Bedroom Apartment at 1,152 sq ft. These are the developer stated areas. Ask us for the registered size on a specific unit before you offer, because the two do not always agree.
| Unit Type | Size Range |
| Studio Apartment | 390 to 450 Sq. Ft. |
| 1-Bedroom Apartment | 714 to 930 Sq. Ft. |
| 2-Bedroom Apartment | 1,152 to 1,153 Sq. Ft. |
Note: Units feature semi-furnished kitchens and high-end finishes. Detailed floor plans for the 1st through 43rd floors are available upon request.
Why Invest in Elaris Sky
- Strategic JVT Growth: JVT is currently one of Dubai’s fastest-developing hubs, offering high capital appreciation potential as infrastructure like Al Khail Avenue Mall nears completion.
- Competitive Entry Price: With studios starting at AED 767K, Elaris Sky offers a high-value entry point for investors targeting the mid-to-high luxury segment.
- Strong Rental Demand: JVT is highly sought after by professionals and families due to its quiet community feel and proximity to business hubs like Dubai Production City and Business Bay.
- Investor-Friendly Plan: The 1% monthly installment structure during construction makes it highly accessible for individual investors.
- Smart Home Value: The inclusion of advanced app-based technology increases the property’s appeal for the tech-savvy rental market.
FAQs About Elaris Sky
Q1: What is the handover date for Elaris Sky?
A: The project is expected to be completed and handed over in the fourth quarter (Q4) of 2028.
Q2: Are the apartments furnished?
A: Residences are generally offered semi-furnished, featuring fully equipped modern kitchens with built-in appliances and high-quality wardrobes.
Q3: Does the building have smart home features?
A: Yes, Elaris Sky is equipped with an integrated smart home system that controls climate, lighting, and security via a mobile app.
Q4: Is there a post-handover payment plan?
A: While the standard plan is 70/30, some limited-time offers may include a post-handover period; please check for current promotions.
Q5: What schools are near Elaris Sky?
A: Arcadia British School is just 1 minute away, and Sunmarke School is within a 5-minute drive, making it excellent for families.
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More about Jumeirah Village Triangle
Read the Cresco area guide to Jumeirah Village Triangle. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Jumeirah Village Triangle area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Jumeirah Village Triangle
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 233 residential sales were registered in Jumeirah Village Triangle. The median was AED 1,100,000 and the middle half fell between AED 799,999 and AED 1,346,400. This project is advertised from AED 767,000, which sits below that range.
For the unit type this project leads with, 1 B/R, the registered median in Jumeirah Village Triangle was AED 1,169,900 across 109 sales, at AED 1,563 per square foot and a median size of 729 sq ft.
| This project, advertised entry price | AED 767,000 |
| Registered median price, Jumeirah Village Triangle | AED 1,100,000 |
| Middle half of registered sales | AED 799,999 to AED 1,346,400 |
| Registered median per sq ft | AED 1,628 |
| Registered median unit size | 683 sq ft |
| Share bought off plan | 76% |
| Ready stock, median per sq ft | AED 1,441 from 55 sales |
| Off plan stock, median per sq ft | AED 1,676 from 178 sales |
| Registered residential sales in the period | 233 |
Registered sales by bedroom count in Jumeirah Village Triangle
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 83 | AED 779,999 | AED 1,936 | 381 sq ft |
| 1 B/R | 109 | AED 1,169,900 | AED 1,563 | 729 sq ft |
| 2 B/R | 26 | AED 1,670,000 | AED 1,459 | 1,150 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Jumeirah Village Triangle
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Jumeirah Village Triangle recorded 3,205 registered rental contracts and 509 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 96 per sqft against a ready sale price of AED 1,358 per sqft. That is a gross yield of 7.1% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Jumeirah Village Triangle moved +5.9 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -10.4%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| All apartments | 3,205 | 66,988 | 96 | +5.9 |
Full Jumeirah Village Triangle guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 27 September 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to September 2026.
