New MFOUR Real Estate Development

New MFOUR Real Estate Development is the company behind The Elysian Residence, an apartment project priced from approximately AED 950,000. With a sub-million entry point, The Elysian Residence is positioned to attract first-time buyers, value-conscious investors and residents ready to move from renting to owning within Dubai's freehold market.

What is it?

The Elysian Residence is the flagship development from New MFOUR Real Estate Development, an off-plan residential building offering homes from around AED 950,000. As a single, focused address, it delivers a defined product rather than a sprawling multi-phase scheme, which makes it straightforward for buyers to assess exactly what they are purchasing. The sub-AED 1 million price band is one of the most active and liquid segments of the Dubai market, favoured for efficient layouts, a practical amenity mix and pricing that supports healthy rental returns. For a developer establishing its name, anchoring a flagship at this accessible level is a deliberate move to reach the widest possible pool of buyers.

Why this location?

The Elysian Residence sits within Dubai's designated freehold framework, where foreign buyers can own outright and benefit from a market with no annual property tax and consistently strong rental demand. Buyers are drawn to accessible new-build addresses like this because they combine modern specification with an entry price that keeps the future tenant and resale audience broad. In a city where demand for well-priced, well-managed apartments remains deep across cycles, this positioning supports both occupancy and long-term liquidity.

What will it cost?

Homes at The Elysian Residence start from approximately AED 950,000. Payments follow Dubai's construction-linked model: an initial down payment followed by instalments tied to build milestones, with many projects in this bracket extending part of the schedule beyond handover to ease upfront costs. All funds are held in RERA-regulated escrow, and each unit is registered through Oqood before transferring at the Dubai Land Department against the standard 4% fee. Buying off-plan at this stage gives purchasers the chance to enter at launch value and benefit from any appreciation during construction.

Who is it for?

The Elysian Residence is well suited to first-time buyers seeking an affordable entry into Dubai ownership, investors focused on rental yield and liquidity, and end-users converting from tenancy to ownership. Its accessible price and staged payment structure keep the required upfront capital modest, widening its appeal across both owner-occupiers and portfolio builders. For an investor, the sub-AED 1 million ticket makes it feasible to hold the unit while it appreciates and to add further properties over time; for a resident, it turns monthly rent into equity in a home of their own within a regulated, freehold market.

As a debut flagship pitched at an accessible level, it offers a clear, low-barrier way to gain a foothold in one of the world's most active property markets. To learn more about The Elysian Residence, request floor plans, current pricing and the full payment plan, or register your interest with New MFOUR Real Estate Development, get in touch through offplans.com and our advisors will assist you.