Solaya

An ultra-luxury Meraas and Brookfield Properties project on the beachfront of Jumeirah 1, by La Mer beach and the J1 dining district: 234 apartments from two to five bedrooms in low-rise buildings, launch entry from AED 14 million.

Where it is, and why this address costs this much

Jumeirah 1 is old coastal Jumeirah, the strip between Jumeirah Beach Road and the sea, built up with villas and low-rise buildings. There is almost no vacant beachfront land left here, and every new project in this pocket is an event, not just another launch.

The immediate surroundings set the level: La Mer beach, the J1 dining complex, Four Seasons, Mandarin Oriental and Bulgari hotels, a few minutes to the financial centre. By 2026 the district had gained further ground with premium restaurant operators arriving; in J1, an international beach-club brand is joining the already operating top-tier venues.

The practical takeaway is simple: the price here rests on an environment that already works, not a promise of future infrastructure. That's a fundamentally different risk profile from an off-plan project in a district still being built.

What's been built, and by whom

The project is run by Meraas and Brookfield Properties. The second name is worth unpacking: Brookfield Properties is a global real estate management platform with a portfolio of around 330 million square feet across five continents, active in office, hospitality, logistics, residential and retail. For a buyer this means an institutional partner with its own product standards, not just a local developer.

Composition: 234 apartments from two to five bedrooms in buildings six to ten storeys tall. The low rise here isn't a cost-saving measure but both a site constraint and a product feature: fewer apartments per floor, more privacy, spacious terraces.

Stated amenities: private beach areas, pools, wellness and fitness centres, concierge, valet parking and security.

Prices, and what the resale market looks like

Launch pricing: two bedrooms from 170 m² — from AED 14 million; three bedrooms from 244 m² — from AED 17.1 million; four bedrooms from 331 m² — from AED 23.1 million; five bedrooms from 496 m² — from AED 34.7 million; penthouses up to 754 m² — up to AED 55 million. Payment plan 20/40/40.

By 2026 assignments had appeared on the market. A telling reference point from August 2026: a 404.2 m² (4,350 ft²) four-bedroom unit on a mid-floor of the most private building, with a sea view and three parking spaces, was offered for AED 30.45 million — the developer's 2025 price, because the seller could not carry the payment plan. Only about AED 14 million would change hands on the deal, the rest being the remaining installments.

This is the standard mechanics of a distressed assignment, and it's also the main practical lesson for a buyer: in projects at this level, resale entry price can sometimes come in below the current developer price, but it requires checking how much has already been paid and exactly what transfers.

Interiors and how sales ran

Interiors for the apartments, penthouses and duplexes are by London studio 1508 London. Besides the spa and gym, the building includes a private cinema, dining and meeting rooms and a residents' lounge.

Demand at launch outstripped supply, so some units were allocated by developer ballot. In autumn 2025 completion was given as 2028.

Composition, sizes, launch prices, payment plan and amenities come from the developer's materials at launch, 22 January and 2 October 2025. The parameters and price of the specific assignment listing are from materials on that unit, 5 August 2026; the Brookfield Properties profile is from the same materials. Interior designer, amenities, ballot and completion — sales announcements, September–October 2025.