Elmora Residence in Al Satwa
Elmora Residence · Al Satwa, Dubai
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Launch Price
AED 715,000
Property Type
Apartment
Bedrooms
Studio, 1 - 2 Beds
Payment Plan
20/40/40
Handover
Q1 2028
Projected Yield
4.9 to 6.6%
Elmora Residence is bringing studio, 1 - 2 beds off-plan apartments to Al Satwa in Dubai, priced from AED 715,000. A 20% booking payment secures the unit. Construction-phase instalments total 40%, with the remaining 40% due at handover scheduled for Q1 2028. Tenant demand from business professionals and long-stay residents in prime Dubai supports projected gross yields in the 4.9 to 6.6% range. Buyers at the AED 5,000 monthly instalment level may qualify for units in Elmora Residence. MonthlyDubai can check against your specific budget.
Payment Plan Breakdown
From AED 11,917/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 143,000 Due on signing SPA |
|
| During Construction | 40% | AED 11,917/mo 24 monthly instalments |
|
| On Handover | 40% | AED 286,000 Due at Q1 2028 |
|
| Total | AED 715,000 | ||
On Booking
20%
AED 143,000
Due on signing SPA
During Construction
40%
AED 11,917/mo
24 monthly instalments
On Handover
40%
AED 286,000
Due at Q1 2028
Total
100%
AED 715,000
Questions about Elmora Residence
What payment plan does Elmora Residence offer?
Elmora Residence uses a 20/40/40 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q1 2028.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Elmora Residence fits your budget and send you comparable alternatives.
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