The name Alara means Water Fairy and is of Armenian origin. Alara is a name that's been used primarily by parents who are considering baby names for girls.
In the Turkic mythological tradition, an Alara is a water fairy, said to originate from Lake Baikal in Siberia. Appearing as a shimmering young woman, her visiage could remove hate and greed from people's hearts, allowing them to find true love.