Anax Developments L.L.C

Anax Developments is here with Elle Residences on Central Island, and it sits at the premium end of the market with an unusually buyer-friendly payment plan. The two facts to hold together are the price, which is high, and the 30/70 plan, which is one of the softest on the islands.

Elle is priced from about AED 2.7M at AED 3,830 per sq.ft, which is well above the island median of AED 2,445 and into the top quartile. That is a premium number, so the building has to justify it on finish, position or product rather than value. What softens it is the payment structure: a 30/70 plan means only 30 percent is due during construction and 70 percent is deferred to handover, which is genuinely generous. For a buyer who wants to hold and does not want to commit most of the capital before completion, that plan does real work against the high headline price.

Sizes run from around 705 sq.ft up to 3,555, with one to three bedrooms, in a 98-unit building, so it spans the compact investor unit and the larger apartment. Handover is dated Q4 2027, a reasonable near-to-mid horizon, which pairs sensibly with the deferred plan since the bulk of the money lands when the building is real.

The honest read on Elle is that it is a premium building whose main practical draw is the soft plan rather than the price. At AED 3,830 per sq.ft you are paying a top-quartile rate to a newer developer without a completed building here, so the finish and the specific unit have to genuinely justify the number, and I would want to see the delivered-quality evidence before paying it. Where the 30/70 plan earns its place is in reducing your committed capital until handover, which lowers the cost of being wrong. For a buyer who values that structure and is convinced by the product, Elle is worth a look; for a value buyer, the per-foot price is hard to justify.

Elle Residences is priced from AED 2.7M at AED 3,830 per sq.ft. That is 57% above the Dubai Islands apartment median of AED 2,445, a gap of AED 1,385 per foot, which puts it in the top quarter of island pricing. On its 30/70 payment plan, that entry price splits into about AED 810K committed across construction and AED 1.89M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 176K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q4 2027, the building holds 98 units, sized 705 to 3,555 sq.ft, currently selling. View the full listing →