Location: District 1, Jumeirah Village Triangle (JVT) – a serene yet connected community positioned at the junction of Sheikh Mohammed Bin Zayed Road (E311) and Al Khail Road (E44). The development enjoys close proximity to Jumeirah Islands, Palm Jumeirah, Palm Jebel Ali, and central Dubai destinations, offering residents seamless access to lifestyle, leisure, and business hubs.
Commercial Retail
ELAR1S Axis Retail
PriceFrom AED 2,350 PSF
CompletionQ4 2028
DeveloperObject 1
LocationJVT
Property
ELAR1S Axis by Object 1
Project Overview
Mixed-Use Development – Residential, Office & Retail Units
Inspired Architectural Design | Fusion of Air, Element & Flow
70 Modern Residential Units | Integrated Work & Lifestyle Spaces
Proximity to Leading Schools, Malls, and Golf Courses
Building Configuration
- B + G + 5P + 18 + R
- Retail Units: 1–8
- Office Units: 1–84
- Residential: 70 Units
- Anticipated Completion: Q4 2028
- Anticipated Service Charge: AED 15 per sq. ft.
Unit Overview
o Residential Units
o Studio: From 426 sq. ft. | Starting Price AED 817,000
o 1-Bedroom: From 651 sq. ft. | Starting Price AED 1,172,000
o Expression of Interest (EOI): AED 30,000
Retail Overview
- Total Retail Units: 8
- Sizes: From 3,488 sq. ft. to 6,058 sq. ft.
- Starting Prices: From AED 2,350 PSF
- EOI: AED 30,000
- Payment Plan: 70/30
- Anticipated Completion: Q4 2028
Amenities
- Infinity-style swimming pool with surrounding sun loungers and shaded cabanas
- Dedicated children’s pool with shallow safety zones
- Fully equipped gym with modern cardio and strength-training machines
- Outdoor CrossFit training zone for high-intensity workouts
- Jogging track integrated into landscaped surroundings
- Clubhouse with lounge areas for residents and office users
- Outdoor BBQ areas designed for community gatherings and family use
- Office terrace with seating zones for casual meetings and relaxation
- Outdoor children’s play area with safe, interactive installations
- Separate pool area for children with water features
- Male and female prayer rooms positioned for convenience
- Quiet landscaped corners for wellness and relaxation
- Elegant double-height lobby with concierge services
- Smart home integration across common areas for comfort and security
- Home automation controls for lighting, music, temperature, and security
- Smart lock system with smartphone and smartwatch access
- Keyless entry permissions with multi-tier access control
- Monitoring history for secure entry and exit tracking
Views
- Skyline vistas over Dubai Marina & Downtown districts
- Scenic outlooks across Palm Jumeirah & Jumeirah Golf Estates
- Serene community surroundings with parks and landscaped areas nearby
Illustrative model
Scenario modeller
Set your own assumptions and see how ELAR1S Axis Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Nothing to calculate yet
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
How each figure is calculated
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
Location
ELAR1S Axis — JVT, Dubai