Elite Downtown Residence rents
- 150 new leases and 70 renewals in 12 months
- 460 units
- Downtown Dubai
- near Business Bay Metro Station
A studio here leases for about AED 68,000 a year, 5% below the typical Downtown Dubai studio. Renewing tenants pay more than new ones: AED 76,529.
Studio · typical new lease
68,000AEDa year
AED 131/sqft · -11.7% on a year
- A month, roughly
- AED 5,667
- Renewal
- AED 76,529
- vs Downtown Dubai studio
- 5% below the median
- New leases, 12 months
- 79
What should a lease in Elite Downtown Residence cost?A studio leases for about AED 68,000 a year; renewing tenants pay 12.5% more than new ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Downtown Dubai median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A studio here now costs 11.7% less than a year earlier: AED 68,000 against 77,000.
Chart data, Studio: Jan 2011, AED 32,000; latest, Oct 2026, AED 62,000; peak, Feb 2026, AED 88,000.
Showing the 60 most recent of 220 contracts starting on or after 12 Oct 2025.
About Elite Downtown ResidenceA 31-floor tower in Downtown Dubai, a 10-minute drive from DIFC
Elite Downtown Residence is an apartment building completed in 2022 in Downtown Dubai. 220 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 31
- Lifts
- 6
- Parking bays
- 482
- Pools
- 1
Drive times · typical
- Downtown
- 11 min · 3.5 km
- DXB Airport
- 15 min · 14 km
- DIFC
- 10 min · 6.4 km
- Dubai Marina
- 21 min · 22 km
- Palm Jumeirah
- 27 min · 27 km
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in Elite Downtown Residence?48% of units here signed a yearly lease in 12 months, above the Downtown Dubai median; new tenants pay less than renewing ones
- Units on a yearly lease
- 48%Fair
- Downtown Dubai median 27%; top tenth from 64%
- New tenant vs renewal
- -13.5%
- New leases AED 85,000, renewals 98,307, all types
- Short-let instead, studio
- AED 634
- a night on Airbnb; nets 1.9× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Elite Downtown Residence sale prices →Comparables in Downtown Dubai
Every Downtown Dubai building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Elite Downtown Residence places 43rd of 63; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Elite Downtown Residence.
At studio, Elite Downtown Residence ranks 17th of 20 by rent per square foot in Downtown Dubai.
Market context in Downtown Dubai
Registered sales activity
1,759 ready apartment sales in the 12 months to 2026-10-12.
+0.4% in median AED/sqft versus the preceding year, supported by 1,759 current and 2,575 prior price observations.
Explore sales activityPlanned apartment projects
2,186 known registered units across 5 pending projects planned within one year of the 2026-07-06 register.
1 projects had already passed their planned date; 1 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
3,663 apartments are planned in Downtown Dubai from 2026 to 2028, equal to 38% of the 9,689 homes let there today.
Ready prices per sqft fell in 49% of 109 buildings (counted once per bedroom type) in Downtown Dubai with sales in both years; the typical one moved +0.1%.
New-lease rents fell in 76% of 54 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.7%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Downtown Dubai
Prices per sq ft around Elite Downtown Residence, on the mapPrices per sq ft around Elite Downtown Residence, on the map
Grande
Downtown Dubai · 319 contracts, 12 months
190,000
AED a year median · 174/sqft
The Address Residences Dubai Opera T1
Downtown Dubai · 291 contracts, 12 months
250,000
AED a year median · 207/sqft
The Address Residences Dubai Opera T2
Downtown Dubai · 291 contracts, 12 months
250,000
AED a year median · 207/sqft
Forte T2
Downtown Dubai · 285 contracts, 12 months
175,000
AED a year median · 153/sqft
Ask about Elite Downtown Residence
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Common questions
- What is the registered annual rent for a studio in Elite Downtown Residence?
- The median new annual rent is AED 68,000, from 79 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Elite Downtown Residence risen or fallen?
- The median new annual rent changed -11.7% in the trailing 12 months against the previous 12, using 79 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Elite Downtown Residence pay more than sitting ones?
- A new tenant pays -11.1% against a renewing one, across 35 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Elite Downtown Residence?
- 20 sales were registered with the Dubai Land Department in the last 12 months, alongside 79 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Elite Downtown Residence?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
For agents
Send this page to a client as a branded report
Elite Downtown Residence rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 79 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/downtown-dubai/elite-downtown-residence
Cite as: Dubai Wealth Index. “Elite Downtown Residence rents and yield.” Downtown Dubai, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/downtown-dubai/elite-downtown-residence
Stable dataJSON