Elite Downtown Residence
- Completed 2022
- 31 floors
- 6 lifts
- 482 parking bays
- 1 pool
A studio in Elite Downtown Residence costs a median AED 1.13M, rents long-let for AED 68,000/yr (6.0% gross), and returns 11.4% short-term at the assumed 70% occupancy.
Studio · typical price
1.13MAED
AED 2,214/sqft · -2.3% on a year
- Rent a year
- AED 68,000
- Gross yield
- 6.0%
- vs Downtown Dubai
- 10% below the median
Cost to buy, all inAED 1.20M
- Price
- AED 1.13M
- DLD fee 4%
- AED 45,000
- Agent 2% + VAT
- AED 23,625
- Trustee
- AED 4,200
Fees repaid by rent13 months
Is Elite Downtown Residence a good investment?Rents are slipping
- Does it pay a good rent?6.0% gross, before the service charge (not on file) (Dubai median 6.8%)6.0%Fair
- Is it easy to let?48% of units signed a yearly lease in 12 months; the typical Downtown Dubai building manages 27%48%Fair
Downtown Dubai median 27% · top tenth from 64%Elite Downtown Residence · 48% Across 28 Downtown Dubai buildings with 40 or more units, the median signed annual leases on 27% of units in 12 months and the top tenth on 64% or more; Elite Downtown Residence is at 48%.
- Are rents going up?New studio leases: AED 77,000 a year ago, AED 68,000 now-11.7%Watch
- Are prices going up?Studio: AED 2,266/sqft a year ago, 2,214 now-2.3%Fair
- How fast do fees pay back?AED 72,825 in fees to buy a studio; rent covers it in 1.1 years1.1 yrs
- Can I sell easily?29 sales in 12 months, 6% of the tower (52 the year before)29Fair
- Is a lot being built nearby?3,663 apartments are planned in Downtown Dubai from 2026 to 2028, equal to 38% of the 9,689 homes let there today. A further 348 are past their planned date. Downtown Dubai supply by year →38%Fair
- Did earlier buyers gain?Up 41% for buyers 5 years ago, before fees+41.4%Context
Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026
Elite Downtown Residence prices and rents by unit typeA studio costs about AED 1.13M and rents for about AED 68,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
Studio · price per sqft · Downtown Dubai · area median AED 2,452/sqft
- 12-month change
- -2.3%
- 3 years
- -14.5% · -5.1%/yr
- 5 years
- +24.1% · +4.4%/yr
- vs area median
- -9.7%
- Rank by price per sqft
- 10th of 15
- Off-plan price gain, 2018–2022
- +31.0% · +4.6%/yr
Rental income
Studio · Downtown Dubai
- Gross yield
- 6.0%
- Median new rent
- AED 68,000/yr
- Yield vs area median
- +0.0 pts
- Yield vs Dubai (6.8%)
- -0.7 pts
- Yield rank, all unit types
- 2nd of 21
- Renewal rent
- AED 76,529/yr
- New tenants pay vs sitting (35 renewals)
- -11.1%
Short-term income
Studio · 70% occupancy · 7-night stays
- Median nightly rate
- AED 634
- Net revenue
- AED 128,355/yr
- vs long-let rent
- 1.9×
- Listings seen
- 3+
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, Studio: Apr 2018, AED 1,125,000; latest, Sep 2026, AED 942,500; peak, Jan 2023, AED 1,500,000. Rent on new leases: Jan 2011, AED 32,000 a year; latest, Oct 2026, AED 62,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,203 · before fees
- 5 years ago
- 1,557
- +41%
- 27 sales
- 3 years ago
- 2,391
- −8%
- 80 sales
- Previous 12 months
- 2,266
- −3%
- 52 sales
- Last 12 months
- 2,203
- today
- 29 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
29 resales in the last 12 months, against 53 a year on average over 2023–2025.
29 resales in the last 12 months.
Short-term rates around Elite Downtown Residence
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Nightly rate through the yearNightly rate through the year
Comparables in Downtown Dubai
Every Downtown Dubai building with a page, ranked by price per sqft over the same 12 months, all unit types. Elite Downtown Residence places 83rd of 116; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Elite Downtown Residence (AED 2,203/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At studio, Elite Downtown Residence has registered sale prices 10% below the Downtown Dubai median price per square foot of 2,452 AED, across 15 eligible buildings. It ranks 10th of 15 by price 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.
About Elite Downtown Residence
Elite Downtown Residence is an apartment building completed in 2022 in Downtown Dubai. 539 sales are registered with the Dubai Land Department.
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
Elite Downtown Residence: AED 2,203 per sq ft, 10% below the median Downtown Dubai building, and a 7.1% gross yield, in the top tenth of the area
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Elite Downtown ResidenceAED 2,203
- Downtown Dubai, readyAED 2,665
- Downtown Dubai, off-planAED 3,819
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Elite Downtown ResidenceDowntown Dubai median building
- Downtown Dubai7.1% vs 5.2%
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
Binghatti Skyblade
Downtown Dubai · 472 sales, 12 months
1.97M
AED, resale median · 3,909/sqft
Burj Khalifa
Downtown Dubai · 115 sales, 12 months
5.00M
AED, resale median · 2,929/sqft
Imperial Avenue
Downtown Dubai · 65 sales, 12 months
3.18M
AED, resale median · 2,385/sqft
Grande
Downtown Dubai · 61 sales, 12 months
5.45M
AED, resale median · 3,539/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · StudioOn record
- Rental evidence · StudioOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a studio here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Elite Downtown Residence’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 5,002AED
- 4.5% over 25 years
- Monthly rent
- 5,667AED
- AED 68,000 a year
- Cash needed at purchase
- 312,075AED
- 20% down plus AED 87,075 in fees
Owning costs AED 236,171 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Elite Downtown Residence?
- Elite Downtown Residence returns 6.0% gross: a median new-contract rent of AED 68,000 a year (79 Ejari contracts in 12 months) over a price benchmark of AED 1.13M (median of 20 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.
- How much does a studio in Elite Downtown Residence cost?
- The median registered sale price is AED 1.13M (2,214 AED/sqft), from 20 Dubai Land Department sales in the last 12 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 12 months have a median of 2,214 AED/sqft, across 20 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Elite Downtown Residence risen or fallen?
- Median price per square foot moved -2.3% over the last 12 months against the 12 before it, on 20 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- 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.
For agents
Send this page to a client as a branded report
Elite Downtown Residence sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 20 registered sales 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
- /sale/apartments/dubai/downtown-dubai/elite-downtown-residence
Cite as: Dubai Wealth Index. “Elite Downtown Residence sale prices and yield.” Downtown Dubai, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/downtown-dubai/elite-downtown-residence
Stable dataJSON