Evora Residences

Evora Residences — Contemporary Off-Plan Living in Al Furjan by Anax Developments

Evora Residences is an off-plan apartment development by Anax Developments in Al Furjan, offering studio, one-bedroom, and two-bedroom apartments priced between AED 2,400,000 and AED 4,800,000. With a Q3 2026 handover, Evora targets buyers seeking a quality, competitively priced residential product in one of Dubai's most consistently performing investment communities. The project's back-loaded payment structure — with 70% payable at handover — provides buyers with a manageable construction-phase commitment while positioning them for immediate rental deployment from Q3 2026.

TL;DR Snapshot

| Feature | Detail | |---|---| | Project | Evora Residences | | Developer | Anax Developments | | Location | Al Furjan, Dubai | | Status | Off-Plan — Q3 2026 Handover | | Unit Types | Studio, 1-Bedroom, 2-Bedroom | | Price Range | AED 2,400,000 – AED 4,800,000 | | Views | Community View | | Payment | 10% First / 20% Construction / 70% Handover |

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Anax Developments: Focused on Quality in Al Furjan

Anax Developments is an emerging UAE developer with a growing presence in Al Furjan, where the Evora Residences project represents a focused, quality-led approach to mid-market residential development. Operating within RERA's regulatory framework with mandatory Oqood registration, Anax delivers projects aligned with Dubai's off-plan buyer protections — providing the legal and financial safeguards that all licensed UAE developers are obligated to maintain.

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Al Furjan: The Community Context

Al Furjan is Nakheel's flagship mid-market community — a five-square-kilometre master-planned development that has matured into one of Dubai's most sought-after residential addresses for both investors and owner-occupiers. The community combines:

Metro Connectivity: Al Furjan Metro Station on the Red Line connects residents to Dubai Marina, Ibn Battuta Mall, Union Station, and the full Dubai metro network — typically within 20–30 minutes for most key city destinations.

Established Retail Infrastructure: Al Furjan Pavilion and Al Furjan Pavilion West provide supermarkets (Carrefour, Spinneys), cafés, restaurants, pharmacies, salons, and service providers within the community.

Community Parks and Active Lifestyle: Cycling tracks, jogging paths, and community parks are integrated throughout Al Furjan's urban layout, creating an active outdoor lifestyle environment that families and fitness-oriented residents actively seek.

School Proximity: Multiple international schools serving British, American, and IB curricula are accessible within 10–15 minutes, making Al Furjan a consistently popular address for families with school-age children.

Rental Market Depth: Al Furjan's tenant base is one of Dubai's deepest. Consistent inbound demand from professionals relocating to the Jebel Ali Free Zone, Dubai Marina, and Expo City employment corridors drives high occupancy rates and above-average rental yields.

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Unit Configuration at Evora Residences

Studios (from AED 2,400,000): At AED 2.4M, Evora studios are positioned at the premium end of the Al Furjan studio market — reflecting Anax's quality positioning. Investors targeting yield from Q3 2026 can expect annual studio rents of AED 65,000–80,000 in current Al Furjan market conditions.

1-Bedroom Apartments: The primary investment product. 1BR units at Evora benefit from Al Furjan's deep and consistent 1BR rental demand. Current market rents AED 80,000–100,000 per annum. At AED 3–3.5M price range, gross yields are estimated 3.5–4.5% — solid for a quality Al Furjan address with community amenity integration.

2-Bedroom Apartments (up to AED 4,800,000): Family-scale residences targeting couples, small families, and professionals requiring a home office. 2BR units in Al Furjan rent for AED 110,000–135,000 per annum. At AED 4.8M, the yield is approximately 2.5–3.5%, with capital appreciation contributing to total return.

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Amenities at Evora Residences

| Amenity | Detail | |---|---| | Shared Pool | Community pool for leisure and recreational swimming | | Gymnasium | Fitness centre with cardio and strength equipment | | Central Air Conditioning | Building-wide A/C for consistent comfort | | CCTV Cameras | Comprehensive surveillance coverage | | Covered Parking | Dedicated resident parking bays | | Children's Play Area | Outdoor family recreation zone |

The community-level amenity ecosystem of Al Furjan extends the effective amenity offering significantly — parks, cycling tracks, retail pavilions, and community events create a lifestyle infrastructure depth that the building itself cannot fully replicate.

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Location & Drive Times

| Destination | Approx. Drive Time | |---|---| | Dubai Marina / JBR | 15–20 minutes | | Ibn Battuta Mall | 5–10 minutes | | Mall of the Emirates | 15–20 minutes | | Expo City Dubai | 15–20 minutes | | Al Maktoum International Airport | 20–25 minutes | | DIFC / Downtown Dubai | 25–30 minutes | | Dubai International Airport (DXB) | 35–40 minutes | | Jebel Ali Free Zone | 15–20 minutes |

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Payment Plan: Back-Loaded to Handover

| Milestone | Percentage | |---|---| | First Installment (Booking) | 10% | | Under Construction | 20% | | On Handover (Q3 2026) | 70% |

The 10/20/70 structure is back-loaded, concentrating the majority of capital deployment at Q3 2026 handover. This plan is most advantageous for:

Mortgage-Backed Buyers: Bank facility drawdown typically occurs at handover, allowing buyers to leverage UAE mortgage products (available to expatriates and nationals) for the 70% handover payment, keeping personal capital commitments to just 30% during the construction phase.

Cash Buyers with Current Capital Deployment: For buyers who want to minimise the off-plan construction phase investment — perhaps because capital is currently deployed elsewhere — the 10/20 split minimises pre-handover outlay.

At AED 2,400,000 minimum:

• 10% First Installment = AED 240,000 (booking deposit)
• 20% Construction = AED 480,000
• 70% Handover = AED 1,680,000 (bankable via UAE mortgage)

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Investment Case: Evora Residences

Q3 2026 Near-Term Delivery: With a relatively short construction window remaining from a typical buyer entry point, Evora's Q3 2026 handover provides quick time-to-yield for investors.

Al Furjan Rental Stability: Al Furjan's rental market has demonstrated resilience through multiple Dubai real estate cycles, supported by the combination of metro connectivity and community completeness. Vacancy rates remain consistently lower than the Dubai average.

Anax Developer-Risk Management: Purchasing from RERA-registered developers with escrow-protected buyer funds provides the standard off-plan risk protections required under UAE law. Buyers are protected against fund misuse and have clear recourse through RERA's dispute resolution framework.

Comparison to Existing Al Furjan Stock: At AED 2.4M–4.8M, Evora is priced at a premium to Al Furjan's older inventory — appropriate for a Q3 2026 new-delivery building with modern specifications and community integration.

Al Maktoum Airport Growth Tailwind: Al Furjan's proximity to the expanding Al Maktoum International Airport creates a sustained long-term demand growth catalyst as the airport district's employment base expands through the late 2020s and beyond.

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Why Evora Residences

Evora Residences offers the fundamentals that consistently deliver investment performance in Dubai's mid-market: a proven community (Al Furjan), a near-term handover date (Q3 2026), a manageable payment structure (10/20/70), and quality residential specifications from a developer committed to the Al Furjan address. For buyers seeking a straightforward, well-located, investor-grade off-plan apartment in one of Dubai's most trusted communities, Evora Residences provides a clear and compelling entry point.

Contact AiGents Realty to review current floor plans, unit availability, and discuss mortgage options for the Q3 2026 handover at Evora Residences.