What is the rental yield in Elite Downtown Residence?

Elite Downtown Residence returns 6.94% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 146 rental contracts registered in the last 24 months.

How much does a studio in Elite Downtown Residence cost?

The median registered sale price is AED 1.18M (2,268 AED/sqft), from 55 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Elite Downtown Residence selling for right now?

Registered sales of ready units in Elite Downtown Residence over the last 3 months have a median of 2,026 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Elite Downtown Residence risen or fallen?

Median price per square foot moved -4.1% over the last 12 months against the 12 before it, on 55 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Elite Downtown Residence compare with Downtown Dubai?

Its 6.94% gross yield sits +0.2 pts against the Downtown Dubai median of 6.79%, computed at the same bedroom grain over the same 24-month window.

Elite Downtown Residence — rental prices & yield

Buy: 1.18MAED; AED 2,026/sqft
Long-let: 75,000AED; AED 145/sqft · 6.94%
Short-let: 12.57%; AED 634/night · 1.22/sqft

Price per sqft: Median of 5 registered sales of ready units in the last 3 months, most recent July 2026.

Priced off 5 sales in the last 3 months.

Yield spread: +0.2 pts; vs the Downtown Dubai median for this unit type
AED/yr/sqft: AED 145
Sales: 55
Rental contracts: 146
Renewal rent: AED 76,000/yr

12 months: -2.6%
3 years: +0.0%+0.0%/yr

Based on 55 sales and 146 rental contracts in the last 24 months.

Elite Downtown Residence is an apartment building in Downtown Dubai, Dubai. The closest metro station is Business Bay Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2018 to 2026, 1,072 registered sales in all — the 55 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in Elite Downtown Residence, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
Studio	AED 75,000	145	6.94% +0.2 pts	146
1 bed	AED 110,000	125	5.37% -0.8 pts	106
2 bed	AED 170,000	107	6.67% +0.8 pts	37
3 bed	AED 220,000	136	4.78% -0.7 pts	13

Deltas compare each yield with the Downtown Dubai median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

3 bed: Priced off the last 5 sales — most recent March 2025.

Short-let rates around Elite Downtown Residence

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio	634	1.22	AED 147,745	AED 75,000	2.0×	12.57%	3+
1 bed	764	0.90	AED 174,093	AED 110,000	1.6×	8.70%	7+
2 bed	657	0.47	AED 138,671	AED 170,000	0.8×	5.41%	2+
3 bed500m	1,181	0.73	AED 264,303	AED 220,000	1.2×	6.02%	6+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Elite Downtown Residence itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

30 resales in the last 12 months, against 53 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
26 Aug 2026	2 bed	1,366	AED 2,550,000	1,867
30 Jul 2026	Studio	497	AED 1,100,000	2,213
24 Jul 2026	Studio	526	AED 1,230,000	2,340
10 Jun 2026	Studio	533	AED 1,080,000	2,026
8 Jun 2026	Studio	526	AED 999,000	1,901
2 Jun 2026	Studio	514	AED 1,000,000	1,944

6 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
2 Nov 2026	3 bed	1,616	AED 240,000	149	Renewal
1 Sept 2026	2 bed	1,630	AED 190,000	117	New
1 Sept 2026	Studio	514	AED 70,189	136	Renewal
26 Aug 2026	Studio	431	AED 45,000	104	New
22 Aug 2026	1 bed	809	AED 85,000	105	New
22 Aug 2026	1 bed	810	AED 80,000	99	Renewal
20 Aug 2026	Studio	536	AED 70,000	131	New
20 Aug 2026	1 bed	824	AED 80,000	97	New
15 Aug 2026	Studio	534	AED 65,000	122	New
14 Aug 2026	Studio	531	AED 60,000	113	New
13 Aug 2026	2 bed	1,630	AED 199,464	122	New
12 Aug 2026	Studio	516	AED 66,000	128	Renewal
10 Aug 2026	Studio	521	AED 65,000	125	New
7 Aug 2026	Studio	526	AED 72,568	138	New
6 Aug 2026	Studio	531	AED 65,000	122	New
1 Aug 2026	Studio	542	AED 70,000	129	New
1 Aug 2026	2 bed	1,760	AED 145,000	82	New
31 Jul 2026	Studio	497	AED 72,000	145	New
26 Jul 2026	1 bed	806	AED 82,000	102	New
24 Jul 2026	1 bed	810	AED 90,000	111	New
23 Jul 2026	Studio	521	AED 65,000	125	New
18 Jul 2026	1 bed	1,007	AED 95,000	94	New
16 Jul 2026	1 bed	809	AED 100,000	124	New
13 Jul 2026	Studio	526	AED 72,000	137	Renewal
13 Jul 2026	1 bed	1,006	AED 83,000	82	New
10 Jul 2026	1 bed	821	AED 90,000	110	New
10 Jul 2026	1 bed	821	AED 80,000	97	New
10 Jul 2026	1 bed	824	AED 85,000	103	New
5 Jul 2026	1 bed	824	AED 110,306	134	Renewal
4 Jul 2026	Studio	522	AED 60,000	115	New
2 Jul 2026	1 bed	810	AED 90,000	111	New
1 Jul 2026	Studio	526	AED 70,000	133	New
1 Jul 2026	1 bed	810	AED 145,000	179	New
21 Jun 2026	1 bed	809	AED 80,000	99	New
20 Jun 2026	Studio	521	AED 60,000	115	New
20 Jun 2026	Studio	431	AED 55,000	128	New
20 Jun 2026	Studio	526	AED 57,000	108	New
20 Jun 2026	1 bed	824	AED 80,000	97	New
18 Jun 2026	1 bed	1,007	AED 150,000	149	New
15 Jun 2026	Studio	521	AED 60,000	115	New
15 Jun 2026	3 bed	1,616	AED 200,000	124	New
8 Jun 2026	Studio	431	AED 65,000	151	New
4 Jun 2026	Studio	533	AED 58,000	109	New
1 Jun 2026	1 bed	1,007	AED 93,000	92	New
1 Jun 2026	Studio	514	AED 67,000	130	New
1 Jun 2026	Studio	514	AED 60,000	117	New

46 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 31
Lifts: 6
Parking bays: 482
Swimming pools: 1

Nearby

Metro: Business Bay Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in Downtown Dubai, on the same figures over the same window.

Highest rental yields in Downtown Dubai · Elite Downtown Residence places 3rd of 55

Grande · 3.60%
Forte T1 · 5.41%
Forte T2 · 5.63%
The Address Residences Dubai Opera T1 · 6.38%
The Address Residences Dubai Opera T2 · 6.54%
Act One Act Two Tower 2 · 6.55%
Act One Act Two Tower 1 · 6.06%
Burj Views Podium · 7.04%

Common questions

What is the rental yield in Elite Downtown Residence?: Elite Downtown Residence returns 6.94% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 146 rental contracts registered in the last 24 months.
How much does a studio in Elite Downtown Residence cost?: The median registered sale price is AED 1.18M (2,268 AED/sqft), from 55 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Elite Downtown Residence selling for right now?: Registered sales of ready units in Elite Downtown Residence over the last 3 months have a median of 2,026 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Elite Downtown Residence risen or fallen?: Median price per square foot moved -4.1% over the last 12 months against the 12 before it, on 55 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Elite Downtown Residence compare with Downtown Dubai?: Its 6.94% gross yield sits +0.2 pts against the Downtown Dubai median of 6.79%, computed at the same bedroom grain over the same 24-month window.

Elite Downtown Residence