Elyra Residences

Elyra Residences is an off-plan residential building by Enaam Properties in Dubai Silicon Oasis, with studios starting from about AED 695,000 and handover scheduled for Q4 2028. The project offers freehold studios, 1-bedroom and 2-bedroom apartments from about 418 to 1,250 sq ft. Amenities include adult and children's pools, a padel court, gym, sauna and co-working zone. Buyers pay 40% during construction and 60% on handover.

Dubai Silicon Oasis is one of Dubai's stronger rental-yield communities, with DLD-based data showing gross apartment yields of about 8.5%, supported by demand from tech companies, universities and families. Elyra's launch pricing of roughly AED 1,340 to AED 1,665 per sq ft sits above the area's current average of about AED 983 per sq ft, so the 2-bedroom units offer the best value and capital appreciation potential. The 40/60 plan leaves 60% due at the Q4 2028 handover, keeping the cash commitment during construction moderate. Enaam is a smaller developer, so buyers should review escrow registration and construction milestones before committing. As the Best Real Estate Company at Dubai, House & Hedges can help you register early and choose the right Elyra unit.