Elvira, Hadaeq Sheikh Mohammed Bin Rashid

    Sold Prices · DLD Data

    Elvira

    Hadaeq Sheikh Mohammed Bin Rashid, Dubai · Dubai Hills Estate

    AED 2,458

    Avg Price / sqft

    AED 2.7M

    Avg Sale Price

    47

    DLD Sales Recorded

    5.5%

    Est. Gross Yield

    View listings Explore Mohammed Bin Rashid City

    Market snapshot

    Elvira — the numbers

    Elvira is a residential building in Hadaeq Sheikh Mohammed Bin Rashid, Dubai with approximately 902 units. Dubai Land Department records show 47 sales in the building, at an average price of AED 2.7M — around AED 2,458 per square foot.

    Since January 2026, 47 sales completed in Elvira, with the average price per square foot moving from AED 2,550 to AED 2,161 (-15.3%). That softening can open negotiating room for buyers.

    Benchmarked against average residential rents in Hadaeq Sheikh Mohammed Bin Rashid, a typical unit in Elvira returns an estimated 5.5% gross rental yield before service charges — a useful starting point for investors comparing towers across Hadaeq Sheikh Mohammed Bin Rashid.

    Figures are from Dubai Land Department transaction records for Elvira; individual units vary by floor, view and finish. Gross yield is estimated against average Hadaeq Sheikh Mohammed Bin Rashid residential rents, before service charges.

    Price trend

    Price trend in Elvira

    Average sale price per sqft by month since January 2026-15.3%

    2,2132,3712,528Jan 26: AED 2,550/sqft · 9 salesJan 26Feb 26: AED 2,500/sqft · 12 salesFeb 26Mar 26: AED 2,564/sqft · 7 salesMar 26Apr 26: AED 2,167/sqft · 6 salesApr 26May 26: AED 2,430/sqft · 3 salesMay 26Jun 26: AED 2,580/sqft · 5 salesJun 26Jul 26: AED 2,485/sqft · 2 salesJul 26Aug 26: AED 2,161/sqft · 3 salesAug 26

    Unit types

    Prices by unit type

    1 Bed

    AED 1.7M

    AED 2,413/sqft

    17 sales · last 12 months

    2 Bed

    AED 2.5M

    AED 2,359/sqft

    14 sales · last 12 months

    3 Bed

    AED 4.0M

    AED 2,593/sqft

    16 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    10 Aug 2026Sales31,497AED 3.4MAED 2,274
    10 Aug 2026Sales1693AED 1.4MAED 2,012
    05 Aug 2026Sales21,062AED 2.3MAED 2,197
    24 Jul 2026Sales1704AED 1.7MAED 2,428
    22 Jul 2026Sales21,067AED 2.7MAED 2,541
    29 Jun 2026Sales21,078AED 2.8MAED 2,598
    12 Jun 2026Sales1702AED 1.8MAED 2,563
    05 Jun 2026Sales21,063AED 2.8MAED 2,654
    04 Jun 2026Sales21,078AED 2.5MAED 2,320
    01 Jun 2026Sales31,501AED 4.2MAED 2,765
    22 May 2026Sales31,520AED 3.8MAED 2,483
    11 May 2026Sales31,501AED 4.0MAED 2,651
    08 May 2026Sales1705AED 1.5MAED 2,156
    23 Apr 2026Sales21,064AED 2.3MAED 2,162
    21 Apr 2026Sales21,078AED 2.5MAED 2,320
    21 Apr 2026Sales1705AED 1.5MAED 2,156
    16 Apr 2026Sales21,063AED 2.3MAED 2,130
    07 Apr 2026Sales21,142AED 2.4MAED 2,101
    01 Apr 2026Sales1704AED 1.5MAED 2,131
    31 Mar 2026Sales31,519AED 4.0MAED 2,633

    About the area

    Elvira is in Mohammed Bin Rashid City

    Mohammed Bin Rashid City, often referred to as MBR City, is a visionary development in Dubai spearheaded by renowned developers such as Meraas and Sobha Realty. This expansive community is designed to embody luxury and innovation, offering a harmonious blend of residential, commercial, and leisure spaces.

    Explore the Mohammed Bin Rashid City area guide

    Nearby

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    Mag Eye Phase 1

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    Rosehill

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    Vida Residences Hillside

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    Greenside Residence

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    FAQ

    Elvira: frequently asked questions

    What is the average price in Elvira?

    The average recorded sale price in Elvira, Hadaeq Sheikh Mohammed Bin Rashid is AED 2.7M, around AED 2,458 per square foot, based on Dubai Land Department transaction data.

    Are prices in Elvira going up or down?

    Average sale prices in Elvira have eased -15.3% per square foot since January 2026, across 47 DLD-recorded sales.

    What rental yield can I expect in Elvira?

    Based on average Hadaeq Sheikh Mohammed Bin Rashid residential rents against sale prices in the building, a typical unit in Elvira yields roughly 5.5% gross per year, before service charges and fees.

    How many properties have sold in Elvira?

    47 sales have been recorded in Elvira according to DLD data, across approximately 902 units.

    Considering Elvira?

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