Developer Object 1 has launched two new projects in Dubai – ELAR1S Sky and ELAR1S Rise. Both towers will take shape in District 3 of Jumeirah Village Triangle (JVT).
Object 1 holds a strong position among the top three developers in JVT. The flowing architecture of these projects integrates living, working, and gathering spaces, reflecting Object 1’s commitment to creating environments where residents can thrive, connect, and enjoy a fulfilling life, said a statement from the developer.
The launch of ELAR1S Sky and ELAR1S Rise reflects Object 1’s vision to redefine modern living in JVT. The projects aim to strike a balance between community living, elegant design, convenient lifestyle amenities, and long-term investor appeal. Inspired by the elements of air, light, and life, these towers embody a sanctuary of tranquility and natural harmony, it added.
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.”
ELAR1S Sky will be a 43-storey building and will offer 402 residences ranging from studios to two-bedroom units. ELAR1S Rise will add 198 residences, retail spaces, and office spaces across 24 floors. Together, these projects form a ecosystem within the community, providing amenities such as infinity pools, gardens, clubhouses, gyms, outdoor fitness areas, kids’ play spaces, outdoor lounges, and integrated smart home systems, the developer stated.
As JVT continues to thrive, the district has experienced significant growth in rental prices, with yields averaging six to eight percent per year. Transaction volumes have also risen by 62% in early 2025 compared to the same period last year. This success is attributed to the backing of Dubai Holding and the upcoming Purple Metro Line, which is part of RTA’s infrastructure upgrades and the addition of ELAR1S Sky and ELAR1S Rise further strengthens this momentum, the statement pointed out.
Both projects are expected to be completed in 2028 and will add to Object 1’s expanding portfolio of investor-focused and family-oriented developments across the city. This expansion aligns with the Dubai 2040 Urban Master Plan.
Object 1 launches two new projects in JVT Middle East Construction News.
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