Dubai, UAE — Dubai-based developer Object 1 has launched two new residential towers — Elar1s Sky and Elar1s Rise — in District 3 of Jumeirah Village Triangle (JVT), reinforcing the area’s position as one of Dubai’s most dynamic and high-performing residential hubs. Both projects are slated for handover in 2028.
Elar1s Sky will rise 43 storeys, comprising 402 residences ranging from studios to two-bedroom apartments, while Elar1s Rise will feature 198 residences alongside retail and office spaces across 24 floors. The developments will include infinity pools, landscaped gardens, clubhouses, gyms, outdoor fitness areas, children’s play spaces, outdoor lounges, and smart home systems integrated across all units — blending design, comfort, and technology.
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Tatiana Tonu, CEO of Object 1, said:
“The launch of Elar1s Sky and Elar1s Rise is a proud moment for us, as it represents our vision of creating communities where design, lifestyle, and investment potential meet. We believe JVT is one of Dubai’s most promising residential hubs, and these projects are designed to deliver long-term value for both residents and investors. The overwhelming response at our launch event reflects the trust and confidence the market places in Object 1.”
Jumeirah Village Triangle has witnessed over 20% growth in rental prices, with yields averaging between 6–8% annually. Transaction volumes rose 62% in early 2025, compared to the same period last year — an indication of sustained buyer confidence. The district’s rise is being supported by Dubai Holding’s master planning and RTA’s infrastructure expansion, including the upcoming Purple Metro Line, which will improve connectivity to key business and lifestyle districts.
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For Indian investors, who continue to rank among Dubai’s top overseas buyers, projects like Elar1s Sky and Elar1s Rise represent strong mid-range investment opportunities. With the rupee-dirham exchange rate remaining stable and zero property tax policies, Dubai’s real estate offers higher rental yields than major Indian metros such as Mumbai and Bengaluru. The flexible payment plans for off-plan units, combined with potential long-term capital appreciation, make JVT an attractive destination for NRIs seeking asset diversification and global real estate exposure.
The launch also aligns with the Dubai 2040 Urban Master Plan, which focuses on sustainable development and balanced growth across the emirate’s residential districts. By expanding within JVT, Object 1 strengthens its position among the top 10 developers in the area, contributing to Dubai’s vision of creating vibrant, self-contained communities.
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