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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Hadaeq Sheikh Mohammed Bin Rashid · August 2026

Elvira 1

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B8985-202608

Key takeaways

  • Median price for apartments: AED 2,994,444 (AED 24,743 per sqm), down 5.6% year on year.
  • Per sqm, apartments here are 3% above the Hadaeq Sheikh Mohammed Bin Rashid average of AED 24,007 (sales-weighted across areas).
  • 2 sales recorded in August 2026, down 60% from a year earlier.
  • 2 bedrooms apartments were the most traded size: median AED 2,712,570 across 5 sales in three months.

1.Apartments2 sales · August 2026

Median sale priceAED 2,994,444+19.8%vs last year
Median price / sqmAED 24,743-5.6%vs last year3% above the Hadaeq Sheikh Mohammed Bin Rashid average
Sales recorded2-60.0%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales0%0 of 2
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 2 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

26K25K23K9Sep 24May 25Jan 26Aug 26
Sep 24 · 22K /sqmAug 26 · 25K /sqm · 2 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20262AED 2,994,444AED 24,743——
July 20262AED 2,211,285AED 26,744——
June 20263AED 2,800,000AED 27,966——
May 20261AED 3,775,000AED 26,731——
April 20263AED 2,400,000AED 23,277——
March 20261AED 1,775,000AED 27,103——

2.By bedroomthree months to August 2026

TypeSalesMedian priceAED / sqmMedian rentContracts
2 bedrooms5AED 2,712,570AED 27,353——

Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.

3.Recent saleslast 15 registered in Elvira 1

DateUnitSize sqmPriceAED / sqmStatus
21 Aug 20262 bedrooms103AED 2,585,000AED 25,010Ready
10 Aug 20263 bedrooms139AED 3,403,888AED 24,476Ready
27 Jul 20261 bedroom65AED 1,710,000AED 26,135Ready
22 Jul 20262 bedrooms99AED 2,712,570AED 27,353Ready
30 Jun 20262 bedrooms100AED 2,800,000AED 27,966Off-plan
5 Jun 20262 bedrooms99AED 2,820,888AED 28,569Off-plan
4 Jun 20262 bedrooms100AED 2,500,000AED 24,970Off-plan
2 Jun 20263 bedrooms139AED 4,150,000AED 29,760Off-plan
22 May 20263 bedrooms141AED 3,775,000AED 26,731Off-plan
24 Apr 20262 bedrooms99AED 2,300,000AED 23,277Off-plan
21 Apr 20262 bedrooms100AED 2,500,000AED 24,970Off-plan
7 Apr 20262 bedrooms106AED 2,400,000AED 22,614Off-plan
16 Mar 20261 bedroom65AED 1,775,000AED 27,103Off-plan
27 Feb 20262 bedrooms106AED 2,550,000AED 24,027Off-plan
25 Feb 20261 bedroom67AED 1,830,000AED 27,313Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Elvira 1 over the last two years. It stays in the link and the PDF.

4.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology