Elmora - Versace Residences

Elmora Versace Residences is a boutique mid-rise development of 85 fully furnished homes in Jumeirah Garden City, Dubai. It is developed by Neoterra Real Estate Development and features Versace-branded interiors, smart home automation, and a rooftop infinity pool. The project is positioned as one of Dubai's few branded luxury offerings at this central freehold location.

The project is located in Jumeirah Garden City, one of Dubai's centrally positioned freehold communities. It sits close to Sheikh Zayed Road, giving residents quick access to Downtown Dubai, DIFC, and Business Bay. The area suits professionals and families who prioritise connectivity without living inside a large-scale mega-development.

Prices at Elmora Versace Residences start from AED 1,300,000. All units are delivered fully furnished with Versace-branded interiors and premium finishes, meaning buyers move in without additional fit-out costs. Given the central freehold location and branded specification, this entry point is competitive for the Dubai luxury segment.

The payment plan is structured as 60/40 — buyers pay 20% on booking, 40% in instalments during construction, and the remaining 40% over two years after handover. This post-handover flexibility significantly reduces short-term financial pressure for both end-users and investors. Handover is scheduled for Q1 2028.

Elmora Versace Residences is scheduled for handover in Q1 2028. The project's limited 85-unit scale allows Neoterra to manage construction timelines more tightly than larger towers. Buyers benefit from the post-handover payment plan, spreading 40% of the purchase price across two years after receiving their keys.

Residents have access to a rooftop infinity pool and sun deck, a modern fitness and wellness facility, curated communal gardens, a residents' lounge, and 24/7 security and valet services. The Versace-themed lobby includes concierge service, and select apartments feature Juliet balconies or private terraces. Smart home automation is standard across all units.

The Jumeirah Garden City area currently delivers average rental yields of 6–8%. For Elmora specifically, projected annual rental income is AED 104,000–130,000 for 1-bedroom units and AED 146,000–184,000 for 2-bedroom units. The fully furnished, branded specification makes units immediately rentable at handover with no additional investment required.

The project combines three factors that drive Dubai property demand: a recognised luxury brand (Versace), a central freehold location near SZR, and a limited supply of just 85 units. Branded residences in Dubai have historically commanded a 20–30% premium over non-branded equivalents at resale. The 2-year post-handover plan also allows investors to generate rental income while completing payments.