Elite Heights Jumeirah Luxe is a premium residential development in Dubai's established Jumeirah 1 neighborhood, developed by Select Group. It offers 1–4-bedroom apartments and penthouses with projected gross rental yields of 4.2% to 5.8%. This investment targets long-term capital preservation and steady appreciation in one of Dubai's most coveted and supply-constrained locations.

What is Elite Heights Jumeirah Luxe?

Elite Heights Jumeirah Luxe consists of two residential towers, adding 250 luxury units to the prestigious Jumeirah area. Developed by Select Group, a developer with over 20 years of experience in Dubai, the project features contemporary architecture with subtle Arabic influences and is scheduled for delivery in Q4 2025.

The property portfolio includes:

• Apartments: 1 to 4-bedroom units ranging from 900 to 4,500 sq ft.
• Penthouses: Signature units with private pools and terraces.
• Duplexes: Split-level residences with distinctive layouts.

Financial Performance and Pricing

The investment case centers on prime location value rather than high rental yields.

Price Points:

• 1-Bedroom Apartments: AED 2.2 - 3.1 million
• 2-Bedroom Apartments: AED 3.8 - 5.2 million
• 3-Bedroom Apartments: AED 5.5 - 7.8 million
• Penthouses: AED 12 - 18+ million

Rental and Yield Projections:

• Gross Rental Yield: 4.2% - 5.8%
• Net Effective Yield: 3.5% - 4.9% (after service charges)
• Luxury Rental Premium: Commands 10-15% above the area average.
• Occupancy Rates: Projected at 85-92% for this segment.

The Jumeirah Location Advantage

The project's location in Jumeirah 1 is its primary asset, offering benefits that newer districts cannot replicate.

Connectivity & Proximity:

• Beach Access: 5-minute walk to Jumeirah public beaches.
• Downtown Dubai: 8-minute drive to the Burj Khalifa district.
• International Schools: Multiple schools within a 10-minute drive.
• Retail & Dining: Walking distance to boutiques, cafes, and restaurants.

Luxury Amenities and Specifications

The quality of finishes and amenities is designed to justify its premium positioning.

Interior Features:

• Smart home automation for lighting, climate, and security.
• Premium kitchen packages with Gaggenau or equivalent appliances.
• Spa-inspired bathrooms with high-end fittings and materials.

Building Amenities:

• 50-meter temperature-controlled infinity pool.
• Comprehensive wellness center with gym and yoga studio.
• Private cinema, business lounge, and children’s play areas.

Who is the Target Market?

Understanding the demand profile is key to a rental or resale strategy.

Primary Buyer & Tenant Profiles:

• UAE Nationals & Local Business Owners: Seeking premium properties in established, prestigious neighborhoods.
• High-Net-Worth Expatriates: Typically on corporate executive or diplomatic packages.
• International Investors: Attracted by Dubai's safe-haven status and the cachet of a Jumeirah address.

Investment Strategy and Risk Assessment

A clear strategy is essential for luxury market investments.

Recommended Approach:

• Focus on Capital Growth: Prioritize larger units with unique features for long-term appreciation over 5-7 years.
• Professional Management: For rental income, use a luxury property manager to target corporate and diplomatic tenants.
• Due Diligence: Verify construction progress against the Q4 2025 timeline and review the service charge structure.

Key Risks to Consider:

• Economic Sensitivity: The luxury segment is more vulnerable to market downturns.
• Lower Yields: Gross yields are typically lower than in mainstream residential areas.
• Competition: New luxury launches in areas like Downtown Dubai or the Palm provide alternatives.

How Does It Compare to Other Luxury Areas?

Vs. Palm Jumeirah:

• Price: 15-25% more affordable than comparable villas or apartments.
• Lifestyle: Offers an established, land-based community versus a tourist-centric island.

Vs. Downtown Dubai:

• Price: Similarly priced but offers a quieter, more residential neighborhood feels.
• Appeal: Targets those who prefer the authentic, low-rise character of Jumeirah.

Frequently Asked Questions 

1. What is the expected ROI for Elite Heights Jumeirah Luxe?

Investors can target gross rental yields between 4.2% and 5.8%. The primary return is expected to come from long-term capital appreciation, driven by the scarcity of new developments in Jumeirah.

2. Is Elite Heights a safe investment?

The project is developed by Select Group, which has a strong track record with projects like One Palm and Sobha Hartland. This provides significant credibility. As with any off-plan purchase, the main risks are construction delays and market fluctuations.

3. What are the payment plans for Elite Heights?

While the developer sets specific plans, premium projects like this often require significant down payments during the construction phase. For the most current and detailed payment plan information, prospective buyers should contact Eplog offplan Properties for an official breakdown.

4. Who is the developer of Elite Heights?

The developer is Select Group, a well-established Dubai-based developer with over 20 years of experience and a portfolio of successful luxury projects.

5. How does Elite Heights compare to other Jumeirah properties?

As one of the few new developments in Jumeirah, it offers modern amenities and specifications that older buildings lack, while providing the same prestigious address and location benefits.