Eleve by Deyaar Downtown Jebel Ali Dubai

Eleve by Deyaar is a 38-storey tower in Downtown Jebel Ali holding 842 homes: 36 studios, 476 one-bedrooms, 306 two-bedrooms and 24 three-bedrooms. Deyaar is a Dubai Financial Market listed developer and a subsidiary of Dubai Islamic Bank.

Studios start at AED 555,458 (about Rs 1.43 crore) for 419 sq ft and three-bedrooms at AED 2,220,020 for 1,633 sq ft. The payment plan is the building's real feature: only 12% falls due at handover, with 30% spread over the 30 months after it, and handover is set for Q2 2027. The source listing carries no price. The district's other launches we track: Azizi Abraham and Azizi Aryan. Deyaar's other buildings in our batch include DWTN Residences and Regalia. Everything else is in our Dubai section and the projects list.

At a glance

Price and unit pricing

Unusually for this batch, every tier is published with a size beside it, so the rate can be checked rather than inferred:

Rates of roughly AED 1,175 to 1,360 per sq ft put this among the lowest-priced new stock anywhere in Dubai, which is what a southern free-zone district costs. The one-bedroom is the best value per foot in the building at about AED 1,175, and it is also 476 of the 842 homes — the developer has priced its volume product to move.

The scarce tier is at the top. Only 24 three-bedrooms exist in a tower of 842, at 1,633 to 1,697 sq ft, in a district where family-sized stock is thin and three-bedroom yields run highest at about 6.8%. That combination of scarcity and the district's best yield is the most interesting thing in this price table.

Payment plan and total cost

This is the reason to read the page. The plan runs 10% on booking, 48% across six construction instalments, 12% on handover at 100% completion, and 30% over the 30 months after handover.

Compare that with the district's other launches, where 50% falls due on handover day. Here the completion payment is AED 66,655 instead of roughly AED 278,000, and almost a third of the price is paid after you hold the keys — out of rent, if the unit is let, rather than out of capital. On a studio, AED 5,550 a month against district one-bedroom rents starting near AED 53,997 a year is a schedule the property can largely carry itself.

There is a second, quieter benefit. A post-handover plan reduces what a delay costs you, because the largest payments are pushed past the date rather than concentrated on it. Given that Deyaar's Regalia tower ran two years late, that is not a theoretical advantage.

Location and connectivity

Downtown Jebel Ali sits on Sheikh Zayed Road at the southern end of the city, built around the Jebel Ali Free Zone. Its single most important feature for a landlord is the one most Dubai off-plan districts lack: a Metro station with an entrance into the district itself. The Red Line's Jebel Ali station, renamed National Paints in 2024 under the RTA's naming-rights scheme, connects it to Dubai Marina in about 20 minutes and onward up the whole corridor.

Ibn Battuta Mall is about ten minutes away, Al Maktoum International Airport and Expo City 15 to 20. The tenant here is a JAFZA or Dubai South employee who wants to be near work and on the Metro, and who is priced out of the Marina. That is a narrower tenant pool than a central district's, but it is a real and growing one, and it is why yields here run ahead of prime Dubai: roughly 5.4% gross on a one-bedroom, 5.1% on a two-bedroom and 6.8% on a three-bedroom, with some coverage citing up to 8.05% at the top end.

Amenities and specifications

A 38-storey tower with a fully published unit schedule: 36 studios of 419 to 423 sq ft, 476 one-bedrooms of 751 to 1,047, 306 two-bedrooms of 1,078 to 1,318 and 24 three-bedrooms of 1,633 to 1,697.

That mix is the most informative specification on the page, and it cuts two ways. 476 one-bedrooms means the building is designed around the free-zone professional and the couple, which is exactly the district's demand, so letting should be straightforward. It also means that when you come to sell, several hundred near-identical apartments in the same tower may be competing with yours. The 24 three-bedrooms have the opposite profile: scarce inside the building, scarce in the district, and on the district's highest yield band at about 6.8%.

About the developer

Deyaar Development PJSC is listed on the Dubai Financial Market and is a subsidiary of Dubai Islamic Bank — the kind of backing that matters when a developer takes money years before a building exists. It has more than 20 years of operation, over 23 million sq ft delivered by its own count, more than 30 completed projects and over 20,000 units under management. Its 2025 accounts showed revenue of AED 1.97 billion and profit before tax of AED 637.9 million, and it announced 1,436 homes handed over across three projects including Regalia in Business Bay and Jannat in Dubai Production City.

The record is reliable on completion and weak on timing. Regalia was promised for 2024 and finished in April 2026. Nothing suggests buyers lost money; they lost two years. Read Q2 2027 accordingly, and take some comfort from the fact that this particular payment plan is unusually forgiving of exactly that risk.

For Indian buyers

Downtown Jebel Ali is freehold, so an Indian citizen owns an Eleve apartment outright with a Dubai Land Department title deed, pays no annual property tax in the UAE and no UAE tax on the rent.

For an overseas buyer this plan is close to ideal on remittance. At AED 555,458 the studio is about USD 151,000 and the one-bedroom at AED 882,648 about USD 240,000 — both inside one person's Liberalised Remittance Scheme allowance of USD 250,000 for a single financial year. More usefully, no single tranche is large: the booking is about USD 15,000, each construction instalment about USD 12,000, the handover payment about USD 18,000, and the post-handover instalments roughly USD 1,500 a month. A purchase here never requires a lump sum that strains an allowance or needs a second remitter. Tax collected at source applies above the current threshold and is credited on your Indian return.

On residency, the three-bedroom at AED 2,220,020 clears the AED 2 million Golden Visa threshold; the smaller tiers do not, and the DLD permits aggregating more than one property. On income, the district pays about 5.4% gross on a one-bedroom, 5.1% on a two-bedroom and 6.8% on a three-bedroom, with a Metro station serving it and the free zone employing the tenants. Because 30% of the price is payable after handover, an owner letting the unit can run the instalments substantially against the rent. That rent is taxable in India for a resident at slab rates as income from house property with the standard 30% deduction, and the property is declared in Schedule FA every year you hold it.

Pros

• Only 12% due at handover, with 30% spread over the 30 months after it
• A complete published size schedule across all four unit types, which many launches do not provide
• Bank-backed: a Dubai Islamic Bank subsidiary listed on the DFM, with AED 1.97 billion of 2025 revenue
• A Red Line Metro station with an entrance into the district
• Three-bedrooms at 1,633 to 1,697 sq ft are scarce stock in a district dominated by small units

Cons

• 476 of the 842 homes are one-bedrooms, so your resale competition inside the tower is heavy
• Deyaar's Regalia ran two years late, so the Q2 2027 date deserves scepticism
• The post-handover instalments continue for 30 months, so the property is not free of payments until 2030
• Downtown Jebel Ali's demand rests heavily on JAFZA employment
• At 419 sq ft the studios are compact, though there are only 36 of them

Who this is for

• Buyers who want the lightest possible handover payment
• Investors letting the unit and paying the post-handover instalments out of rent
• Anyone who wants bank-backed developer risk rather than a private launch

Who should look elsewhere

• Buyers who want to own outright at handover
• Investors who need a scarce layout for resale, given 476 one-bedrooms
• Anyone who cannot tolerate a schedule slipping by a year or more

Our verdict

Eleve is the best-structured purchase in this batch, and the structure is worth more than it looks. Only 12% of the price falls due at handover, and 30% is paid over the 30 months after you have the keys, which means nearly a third of the purchase is funded from rent rather than from capital if you let the unit. Set that against the district's other launches, where 50% lands on completion day, and the difference in cash strain is large. It also quietly reduces the cost of a delay, which matters, because Deyaar's Regalia tower was promised for 2024 and finished in April 2026. The developer's other quality is the balance sheet: a Dubai Islamic Bank subsidiary listed on the DFM, with AED 1.97 billion of revenue in 2025 and more than 23 million sq ft delivered, is a different kind of counterparty from a private first-cycle name, and on an off-plan purchase the counterparty is half of what you are buying. The caution is the unit mix. Of 842 homes, 476 are one-bedrooms. That is what the district's tenant wants, so letting should be straightforward, but at resale you are one of several hundred near-identical apartments in one tower competing for the same buyer. If you can stretch to a two-bedroom, or to one of the 24 three-bedrooms, you own something the building itself does not have much of.

Bank-backed, fully documented, on the gentlest payment structure here: 12% at handover and 30% spread over the 30 months after. Buy it for the structure and the Metro. Prefer a two or three bedroom over the 476 one-bedrooms if resale matters as much as rent.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What does Eleve by Deyaar cost?

Studios start at AED 555,458 for 419 to 423 sq ft, one-bedrooms at AED 882,648 for 751 to 1,047 sq ft, two-bedrooms at AED 1,356,568 for 1,078 to 1,318 sq ft and three-bedrooms at AED 2,220,020 for 1,633 to 1,697 sq ft. The source listing carries no price.

What is the payment plan?

10% on booking, 48% across six instalments through construction, 12% on handover at 100% completion, and 30% over 30 months after handover. Only 12% falls due at completion, which is the lightest handover tranche in this whole Dubai batch.

Why does a post-handover plan matter?

Because it changes what the purchase costs you in cash. Nearly a third of the price is paid after you have the keys, and if the unit is let, out of rent rather than out of savings. On the studio the post-handover instalments are roughly AED 5,550 a month against a district one-bedroom rent starting near AED 53,997 a year. It also softens the cost of a delay.

How many apartments are there and of what type?

842 homes: 36 studios, 476 one-bedrooms, 306 two-bedrooms and 24 three-bedrooms across 38 storeys. That mix makes it a one-bedroom building, which tells you both who the tenant is and what your resale competition looks like.

When is handover?

Q2 2027. Weigh it against Deyaar's record: the company completes what it starts, but its Regalia tower in Business Bay was promised for 2024 and finished in April 2026. Check the DLD construction percentage before each of the six instalments.

How reliable is Deyaar?

Financially, very: a Dubai Islamic Bank subsidiary listed on the Dubai Financial Market, with AED 1.97 billion of 2025 revenue, AED 637.9 million profit before tax, more than 23 million sq ft delivered and over 20,000 units under management. On timing, less so - Regalia's two-year delay is the example to keep in mind.

Is there a Metro station?

Yes. The Red Line's Jebel Ali station, renamed National Paints in 2024, has an entrance into Downtown Jebel Ali, putting Dubai Marina about 20 minutes away. That is unusual at this price.

What yield does the district pay?

About 5.4% gross on a one-bedroom, 5.1% on a two-bedroom and 6.8% on a three-bedroom. One-bedroom rents start around AED 53,997 a year and two-bedrooms around AED 68,500.

Can an Indian citizen buy here?

Yes, the district is freehold. At AED 555,458, about USD 151,000, the studio sits inside one person's USD 250,000 annual LRS allowance, and the plan's shape helps further: no single tranche is large, and the post-handover instalments of roughly USD 1,500 a month fit any allowance. Rent is taxable in India for a resident and the asset goes into Schedule FA.

Compare with other Dubai projects

Also in Downtown Jebel Ali: Azizi Abraham (from AED 505,000, handover 2027) and Azizi Aryan (from AED 613,000, handover 2026). See every Downtown Dubai project with prices and handover dates.

More by Deyaar: Deyaar Midtown Noor (from AED 490,000, ready), Regalia Tower (from AED 627,000, ready) and Park Five (from AED 640,690, handover 2027).

A similar budget elsewhere in Dubai: Pearl House 2 By Imtiaz (from AED 556,500, ready), Damac Hills (from AED 560,000, ready) and Azizi Pearl (from AED 550,000, ready).

Read next: Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.