Elyra Residences, Dubai Silicon Oasis
Enaam Properties is developing Elyra Residences in Dubai Silicon Oasis. Construction started in November 2026 and the project targets completion in September 2029. That puts buyers entering now at the very beginning of the build cycle, with roughly 34 months of construction ahead before handover.
Dubai Silicon Oasis: Technology District Living
Dubai Silicon Oasis sits in the eastern corridor of Dubai, built around a technology free zone that hosts tech companies, startups, and research operations. Academic City, with its cluster of international university campuses, lies to the south. The district connects to Al Ain Road (E66) and Sheikh Mohammed Bin Zayed Road (E311), putting Dubai International Airport roughly 15 to 20 minutes away in typical traffic and Downtown Dubai around 25 to 30 minutes.
The character of the area is functional and working-professional, shaped by the free zone employment base and the university institutions nearby. It is not a waterfront address and not a leisure district. What it offers is a quieter residential setting with solid road connections to the rest of the city. For an investor, the tenant pool draws from the tech-sector workers and students concentrated in the immediate area. For an end-user, it is a practical base sitting outside the density and cost of Dubai's more central corridors.
What AED 695K to AED 1.7M Gets You
Elyra Residences offers apartments. The price range runs from AED 695,000 at the entry point to AED 1,717,400 at the top. That is a spread of just over AED 1 million within a single property type, which reflects meaningful differences in unit size and floor positioning across the building.
The AED 695K floor puts compact one-bedroom units within reach of first-time buyers and smaller investors. The upper end, at AED 1.72 million, points toward larger two-bedroom configurations or premium placements higher in the building. Both ends of the range have a place in this district, but they represent different buyer priorities and financial profiles.
Getting In for 10%
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 30% |
| At handover | 60% |
The down payment is 10% on booking. Thirty percent spreads across the construction period, staged over roughly three years. The remaining 60% falls due at handover in September 2029.
Ten percent entry keeps the initial commitment modest. The construction-phase payments are spread over the project's multi-year build window, which eases the cash flow requirement across that period. The real weight of the schedule is at handover, where the single largest payment arrives. There is no post-handover installment option; the full balance settles at the point of key transfer.
What the Building Offers
| Theme | Amenities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor & Family | Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
An indoor swimming pool is a practical feature in a city where summer temperatures make outdoor pool use impractical for months at a time. Climate-controlled access keeps this facility functional year-round, including during Dubai's peak heat from June through September.
The development also includes on-site restaurants, giving residents dining access without leaving the building. Together with the gymnasium, landscaped gardens, and children's play area, the facility set is oriented toward families and long-stay residents. This is an amenity mix built for people who use the development as a home, not simply as an asset to hold.
September 2029: What Three Years to Handover Means
Construction began in November 2026. The expected handover date is September 2029, approximately 34 months from the start of construction. Buyers entering now are committing to the full length of the build cycle.
The payment schedule stages 40% of the purchase price before handover: 10% at booking and 30% during construction. The remaining 60% is due at completion, making the handover date the defining financial moment in the schedule.
