Location: Jumeirah Islands, Dubai (Tranquil waterfront community between JLT, Meadows, and Jumeirah Park)
Commercial Retail
Eltiera Heights Retail
PriceFrom AED 4,750 PSF
CompletionQ4 2028
DeveloperEllington
LocationJumeirah Islands
Property
Eltiera Heights by Ellington
Project Overview
Premium residential and retail tower
G + 37 Floors
Total Units: 355 Residences
Retail Units: 2 Ground Floor Units (Available for Sale)
Residential Configuration:
1 Bedroom: 820–895 sq. ft. (168 units)
2 Bedroom: 1,237–1,393 sq. ft. (100 units)
2 Bedroom + Study: 1,369–1,501 sq. ft. (51 units)
3 Bedroom: 1,640–1,950 sq. ft. (34 units)
4 Bedroom Penthouse: 5,810–6,085 sq. ft. (2 units)
Retail Spaces:
- F&B Unit: 3,571.68 sq. ft. – AED 16,965,828
- Retail Shop: 1,251.63 sq. ft. – AED 5,945,828
Parking Allocation:
1BR/2BR: 1 parking space
3BR/4BR: 2 parking spaces
Elevators: 6 passenger elevators + 1 service elevator
Ownership: Freehold
Retail Overview:
- Starting Prices: From AED 5.94M (Retail Shop)
- Unit Sizes: From 1,251 to 3,571 sq. ft. (Retail)
- Payment Plan: 20% down payment, 40% on completion, 40% in staged installments
- Handover: Q4 2028 (Expected)
- Service Charges: AED 21 per sq. ft. (Estimated)
Amenities
- Arrival plaza with taxi waiting and valet zones
- Double-height lobby lounge and reception
- Clubhouse and residents' lounge
- Infinity-edge pool with sun loungers and water features
- Vitality pools, Japanese onsen baths, and sauna/steam rooms
- Fitness studio, boxing area, yoga studio, and outdoor fitness zone
- Kids club and outdoor play zones
- Outdoor cinema and podcast room
- Landscaped sky terraces and F&B spaces
- EV charging stations, car wash bay, and ample visitor parking
- Dedicated bicycle repair station
- 24/7 security and concierge services
Views
- North: JLT Skyline and Dubai Marina
- South: Community Pool and Jumeirah Islands Villas
- East: Waterways and Jumeirah Park
- West: Emirates Golf Club and Uptown Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how Eltiera Heights 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
Eltiera Heights — Jumeirah Islands, Dubai