ELA Residences By OMNIYAT On Palm Jumeirah, Dubai | Apartments And Penthouses For Sale

ELA Residences by OMNIYAT

Rewriting every existing standard, ELA Residences is a lavish complex by the award-winning boutique developer; OMNIYAT. The project comprises of a branded hotel and just 63 exclusive residences with breathtaking views of the sea, Burj Al Arab and Burj Khalifa. It is nestled on one of Palm Jumeirah’s last most exclusive plots on the Eastern Crescent.

ELA Residences comes as the UAE’s highest-graded beach resort property and the world’s first Dorchester Collection’s 5-star beach resort. The Dorchester Collection boasts a collection of the world's premier luxury hotels situated in Europe and the USA.

The development is designed by a team of world-famous experts from Zaha Hadid Architects and Vladimir Djurovic Landscape Architecture. To personalize the living spaces, you are provided with 3 options of interior designers: Elysian Design, YODEZEEN or Studio Carter.

ELA Residences is home to limited-edition 3-4 bedroom simplexes and duplexes and 3 super penthouses. The property sizes range from 5,586 sq. ft to 42,900 sq. ft. All apartments are complemented with private swimming pools, elevated sun lounging platforms, large outdoor terraces, and Juliette balconies. Select units feature outdoor jacuzzis and dual balconies.

About Location
Palm Jumeirah in Dubai

One of the major advantages of the complex is its close proximity to various attractions. Within just a 5-minute drive, residents can reach Atlantis Aquaventure Waterpark, which offers an impressive selection of over 105 thrilling rides and attractions suitable for visitors of all ages. Other iconic venues nearby include The Palm Tower, Nakheel Mall, Golden Mile Galleria, The Palm Fountain, and Al Ittihad Park.

Another privilege of ELA Residences is its myriad of unrivaled amenities, including 820 ft of private beachfront and 21,000+ sq. ft of spa and wellness offerings. You will be able to take advantage of 12 private treatment rooms, a hair & beauty salon, a snow room, experiential showers, steam & sauna rooms, multiple vitality pods, private internal gardens, cascading water feature, tropical garden, lily pond, swimming pool, bar area, conference rooms, etc.

ELA Residences, managed by Dorchester Collection, enables its residents to indulge in the highest level of attentive service. The complex provides 24/7 concierge, doorman and porter, valet parking and lifeguard & gym services. Not forgetting a wide range of a la carte offerings, such as laundry, 5-star experiences at home, in-residence catering services, bookings & reservations, floristry arrangements, maintenance, and one-off dining events & functions.

Frequently Asked Questions & Answers

According to Mercer’s survey 2024 Cost of Living City Ranking, Dubai still ranks in 15th position making it one of the appealing choices for real estate investors or buyers. According to the ideal estimation, the average cost of living in Dubai for an individual is between AED 5K to AED 5.5k monthly. Further, with a family of an average of four persons, one has to pay around AED 17K a month.

As a resident of UAE, you have to renew your driving license every 5 years. However, being a UAE or GCC national will increase this duration of renewal to 10 years. The process of license renewal is exceptionally easy as you can do this online via the RTA website, RTA smart App, Dubai Driving App or through self-service machines at any of the available Customer Happiness Centres. Additionally, it is significant for you to settle any of the traffic fines before the renewal. Besides, if you are under 21 you only need a valid Emirates ID. On the other hand, individuals above 21 age have to show an eye test certificate. The fee amount of this is AED 120 (USD 32) for customers younger than 21 and AED 320 (USD 87) for the driver above the age of 21. After applying for renewal you will get a temporary driving license. The time it will take for the renewal is between 5-15 days

You can sell your property in Dubai in just seven simple steps; Selecting a reputable real estate agent or agency, filling out forms A and B, Advertising your property for sale, setting the right price, signing Form F, Obtaining NOC, and finally transferring Ownership. These steps may vary, therefore, it is significant to take a property guide before selling your property asset.

There are various reasons why it is highly positive to invest in real estate in Dubai. One of the major reasons that make Dubai real estate attractive is the comparatively low prices of Emirates than Europe, America and Asia. Furthermore, investment in Dubai real estate is one of the major reasons in terms of reducing inflation. This is because there is a direct relation between the economic indicators and the demand for real estate. Another benefit of investing in Dubai real estate is a 3-year investor visa which you can obtain after purchasing ready-to-move property for a minimum amount of AED 750K (USH 205K), or a 5-year investor visa on opting for a ready-to-move residence for the initial cost of AED 2M (USD 545K). As a visa holder, you can bring your spouse and children to the UAE conveniently. Finally, the rental property in Dubai can generate an upto-staggering ROI of 8-10%, which is exceptionally impressive.

Many individuals wonder if foreigners can invest or buy property in Dubai and whether it can be considered a good long-term investment. The answer is yes, non-resident investors, expats, and foreign nationals in Dubai can own property on a freehold basis. This simply means that individuals can lease, buy or sell their property. Besides foreigners can buy property in Dubai for various lengths of time including freehold property, leasehold for up to 99 years or common hold with no age restrictions.

Dubai real estate is dynamic as well as comes in various price ranges from affordable property options to luxury real estate. The price of the residence is generally influenced by the location. On the other hand, the least expensive areas to buy apartments in the Emirates include Dubai Production City and International City. On the other hand, a few of the districts including NASHAMA Town Square and Serena offer low-cost exquisite living.

Dubai real estate offers plenty of property options, which you can opt for on an affordable budget. As of 2024, a few of the top affordable communities to invest in for beginners are Jumeirah Village Circle (JVC), International City, Dubai South and Dubai Investment Park.

In the bustling metropolis of Dubai, a shining Emirates of the UAE residents are allowed to buy properties in the designated freehold areas, Off-plan development, is highly appealing as their prices are exceptionally low and the developers offer attractive payment plans.

If you are a foreigner, you can acquire freehold ownership without any restriction whether it is a freehold property contract, off-plan property or a lease up to 99 years with no Visa required. Besides this, primarily you have two choices to invest in Dubai real estate either to invest in off-plan property or ready-to-move property.

The start with, the investment property market of Dubai offers high rental yields as compared to other stable real estate markets the ROI in Dubai is much higher that is up to 10% making it one of the highly appealing locations to invest. Additionally, the residences have world-class infrastructure, you can experience high-end living and economic stability all at once.

Off-plan properties in Dubai are the development projects that are under construction. In recent times, the interest of buyers in off-plan properties in Dubai has drastically increased. As per the news report by Arabia Business, in 2024 in July off-plan properties in Dubai, these properties accounted for 60% of property transactions which is a 49% increase from the previous year of 2023.

The process of buying an off-plan property in Dubai is exceptionally easy. As Dubai's real estate market is open for any of the buyers, the only things you will require are a Visa/Emirates ID and a passport copy.

Obtaining citizenship in the United Arab Emirates is easy and does not require a complex process. There are various neutralization methods including residency, marriage, merit, investment, Arabic proficiency and good reputation.

Purchasing a property in Dubai will grant you numerous positive outcomes from high rental yields of up to 10%, to unmatched amenities from exclusive and strategic locations to attractive opportunities to invest.

As the rule of residence, was implemented in 2019 that is UAE’s Golden Visa system offers long-term residence visas. This visa is automatically renewed on the condition that all the rules are adhered to. This visa is issued for the duration of 5 or 10 years.

Although the minimum investment amount required in Dubai depends on various factors the range may start from a few thousand AED to millions of AED. However, on average or according to the rough estimate the minimum investment amount in Dubai ranges from AED 10K to AED 50K.

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apartments and penthouses in the ela residences complex on palm jumeirah

Swimming pool

24/7 Security

Sky View

Green Area