Location: Jumeirah Lake Towers (JLT), Dubai (Centrally positioned in one of Dubai’s most vibrant and evolving neighbourhoods. Close to DMCC Metro Station, minutes from Dubai Marina, Palm Jumeirah, Emirates Golf Club, and Mall of the Emirates. Offers exceptional access to both Sheikh Zayed Road and key lifestyle destinations)
Commercial Retail
Upper House East Retail
PriceFrom AED 3,900 PSF
CompletionQ1 2027
DeveloperEllington
LocationJLT
Property
Upper House East by Ellington
Project Overview
- Modernist design with a wellness-first lifestyle concept
- Developed and branded by Ellington Properties
- Located in JLT with panoramic views of the city skyline and coastline
- A curated residential experience combining fitness, leisure, and urban convenience
Residential Features & Layouts:
- Floor-to-ceiling windows for enhanced natural light and open layouts
- Interiors inspired by the flow of water, air, and light
- Curved balconies with expansive city, skyline, and park views
- Kitchens with smart design features including pop-up pantries
- Thoughtfully planned bedroom suites with spa-inspired bathrooms
- Full integration of sustainable cooling systems and e-vehicle charging
Retail Overview
- Number of Units: 1
- Unit Size: 1,657.32 sq. ft.
- Price: AED 3,900 PSF *******CONTACT US FOR SPECIAL NEGOTIATED PRICE AND PAYMENT TERMS
- Payment Plan: 60/40
- Located on: Ground level, beneath residential towers and podium amenities
- Completion Date: Q1 2027
Amenities & Lifestyle
- Double-height hotel-style lobby with lounge and co-working areas
- Infinity pool overlooking JLT skyline
- Sky Spa, Sky Fitness Club, aerial yoga and interactive fitness zones
- Arcade Room, podcast studio, private cinema, and clubhouse
- Kids’ play areas (indoor/outdoor), skate park, and basketball/padel courts
- Outdoor dining terrace, BBQ stations, and library lounge
- EV charging stations and bicycle workshop
- Artist in Residence and multipurpose community rooms
Views
- Expansive views of the Marina and JLT skyline
- Balconies and large windows designed to maximise visual connectivity to the surrounding lake and marina setting
- Select units benefit from views towards the coast and Jumeirah Islands
Illustrative model
Scenario modeller
Set your own assumptions and see how Upper House East 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
Upper House East — JLT, Dubai