Esme Beach Residences: Apartments on Dubai Islands by Elysian Development
Esme Beach Residences is an apartment project by Elysian Development on Dubai Islands, a waterfront development north of Deira. Construction started in January 2025. The project targets handover in April 2027. Buyers entering today have roughly 21 months of construction period ahead before keys are handed over.
Dubai Islands: Location in Context
Dubai Islands sits at the northern end of Dubai's coastline, above the Deira district. The address is distinctly coastal but at a distance from the established central hubs. Downtown Dubai and Business Bay require a meaningful drive from here; the Deira commercial district and the historic creek corridor are considerably closer.
Metro access appears in this project's amenity list alongside the physical facilities. For a waterfront address, that transit link is significant for the rental market. Tenants who don't own cars can reach the city without relying on ride-hailing services, which broadens the potential tenant pool and reduces vacancy risk common to isolated coastal addresses.
What AED 1.95M to AED 2.69M Gets You
The AED 1,950,000 entry point buys a one-bedroom apartment. The AED 2,690,002 ceiling reflects two-bedroom pricing. The spread of approximately AED 740,000 is a step-up in bedroom count and floor area rather than a premium tier within the same unit type.
One-bedroom buyers at the lower end are typically investors targeting the rental market or singles seeking a beachfront lifestyle. Two-bedroom buyers are more likely owner-occupiers or couples who prioritize space and the on-site amenity package over a pure yield calculation.
The Apartment Configuration
All units are apartments. The mix spans one, two, and three bedrooms. One-bedroom floor areas range from approximately 756 to 1,264 sq ft across different layout types, giving buyers meaningful choice within the same bedroom count. Two-bedroom units run from roughly 1,104 to 1,854 sq ft. Three-bedroom apartments reach approximately 2,296 sq ft.
What the Amenities Tell You About the Target Resident
| Category | Facilities |
|---|---|
| Fitness & Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor & Recreation | Landscaped Gardens, Children's Play Area |
| Connectivity | Metro access |
| Food & Beverage | Restaurants |
The indoor pool is an uncommon choice for a beachfront project, where outdoor pools facing the water are the default. An indoor facility signals a year-round fitness orientation rather than seasonal beach activity. The gymnasium, landscaped gardens, and children's play area together point toward families and long-stay residents rather than short-term visitors. On-site restaurants and metro access shape a daily routine that does not require leaving the development for basic needs.
Completion in April 2027
Construction broke ground on 2 January 2025. The expected handover is April 2027, roughly 21 months from now. Off-plan buyers entering at this stage have the majority of the construction payment period still ahead of them, which affects when the larger installments fall due.
Getting In for 20%
| Stage | Percentage |
|---|---|
| Down Payment | 20% |
| During Construction | 40% |
| Handover | 40% |
The 20% down payment is at the standard level for Dubai off-plan. The construction tranche of 40% spreads across the build period through April 2027, giving buyers approximately 21 months to meet those installments. The final 40% falls at handover, meaning the full purchase price is settled before possession. There is no post-handover installment component, so for buyers relying on mortgage financing, the full commitment lands at the April 2027 completion date.