Staff Report
Dubai, UAE
Object 1, a real estate developer in Dubai, has unveiled two towers in District 3 of Jumeirah Village Triangle (JVT), Elar1s Sky and Elar1s Rise. Both projects are anticipated for handover in 2028.
Elar1s Sky will rise 43 floors, offering 402 residences from studios to two-bedrooms, while Elar1s Rise will add 198 residences alongside retail and office spaces across 24 floors. Both developments offer amenities such as infinity pools, gardens, clubhouses, gyms, outdoor fitness areas, kids’ play spaces, outdoor lounges, and integrated smart home systems.
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.”
As Jumeirah Village Triangle continues to perform strongly, the district has seen rental prices climb over 20 percent with yields averaging six to eight percent per year, while transaction volumes rose 62 percent in early 2025 compared to the same period last year. Backed by Dubai Holding and RTA’s infrastructure upgrades, including the upcoming Purple Metro Line, JVT is rapidly becoming one of Dubai’s most sought-after communities. The addition of Elar1s Sky and Elar1s Rise strengthens this momentum, aligning with the Dubai 2040 Urban Master Plan and reinforcing Object 1’s position among the top ten developers in the area.
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Also read: Object 1 plans Abu Dhabi foray to bolster Dh1.5 bn portfolio
