BuildingDowntown Dubai · Triplanet Elite Developements · 2022

Elite Downtown Residence

Studios to three-beds in Downtown Dubai. 10 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 1 March 2026
Typical price per sqftAED 2,321Up 3.8% on the year
Typical saleAED 1.2M10 sales
Typical rentAED 105K /yrAED 145 per sqft
Typical yield6.3%AED 17.47/sqft charge

About Elite Downtown Residence

Elite Downtown Residence is a residential tower development in Downtown Dubai, set close to the city’s flagship attractions and main transport corridors. The address places residents within a short drive of Burj Khalifa and The Dubai Mall, with convenient connectivity to Sheikh Zayed Road and Al Khail Road for travel across the city. Apartments range from studios to 1-, 2- and 3-bedroom layouts, generally presented in a contemporary style with floor‑to‑ceiling windows and balconies to maximize skyline outlooks. Many units are offered furnished and can feature views toward Burj Khalifa or the Dubai Water Canal, reflecting the tower’s central position. The building quality is modern high‑rise, with a glass-and-concrete facade and a hotel‑apartment feel in common areas. Lifestyle facilities are a key draw. Residents have access to an outdoor swimming pool, separate pools and fitness spaces for men and women, a fully equipped gym and a spa. Five podium levels provide covered parking, supported by high‑speed elevators, 24‑hour security and on‑site concierge services. The tower’s ground‑level conveniences typically include lobby seating and easy access to nearby supermarkets, cafés and casual dining in the wider Downtown area. From an accessibility standpoint, the location benefits from proximity to major employment hubs such as DIFC and Business Bay, reached in minutes by car. Public buses and the Red Line (via the Burj Khalifa/Dubai Mall Metro Station) serve the district, supporting car‑free commuting. Day‑to‑day needs are well covered in the surrounding community, with clinics, salons and fitness studios nearby, while green pockets and the Dubai Fountain promenade offer outdoor leisure within the Downtown network. Overall, Elite Downtown Residence suits residents seeking high‑rise apartment living with strong amenity provision in a prime central setting.

454 apartments over 23 floors: 213 studios of 431 to 542 sqft, 132 one-beds of 404 to 1,007 sqft, 68 two-beds of 880 to 1,760 sqft and 20 three-beds of 124 to 1,616 sqft. The service charge is AED 17.47 per sqft a year.

10 apartments sold in the 12 months to March 2026, at a median of AED 2,321 per sqft, up 3.8% on the year before. Most of the trading is in studios: 7 of the 10 sales, at AED 1,000,000 to 1,250,000, which is why the typical sale sits below the price of its larger homes. 52 rental contracts were registered over the same 12 months, at a typical AED 105,000 a year.

Developer
Triplanet Elite Developements
Completed
2022
Floors
23
Units
454
Unit types
Studio to 3-bed

Downtown Dubai, Dubai

Average prices in Elite Downtown Residence

In Elite Downtown Residence, typical sale prices over the last 12 months were around AED 1,190,000 for studios, AED 2,130,000 for one-beds and AED 1,250,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Elite Downtown Residence

1,7502,0002,2502,500May 2026Nov 20262025-11-12: AED 2,333, Studio, 514 sqft2025-11-13: AED 1,956, Studio, 521 sqft2025-12-04: AED 2,553, 1-bed, 809 sqft2025-12-09: AED 2,717, 1-bed, 806 sqft2025-12-11: AED 1,830, 2-bed, 683 sqft2025-12-11: AED 2,378, Studio, 526 sqft2025-12-17: AED 1,914, Studio, 522 sqft2026-01-16: AED 2,309, Studio, 514 sqft2026-01-21: AED 1,914, Studio, 522 sqft2026-01-27: AED 2,333, Studio, 514 sqftTrend: AED 2,253 to AED 2,190

Every registered sale in the last 12 months; the dashed line is the trend within those 12 months, grey dots are flagged outliers left out of it.

Transaction history in Elite Downtown Residence

  • CompletedStudio · 514 sqft 27 Jan 2026AED 1,200,0002,333 /sqft
  • CompletedStudio · 522 sqft 21 Jan 2026AED 1,000,0001,915 /sqft
  • CompletedStudio · 514 sqft 16 Jan 2026AED 1,188,0002,310 /sqft
  • CompletedStudio · 522 sqft 17 Dec 2025AED 1,000,0001,915 /sqft
  • CompletedStudio · 525 sqft 11 Dec 2025AED 1,250,0002,378 /sqft
  • Completed2-bed · 1,366 sqft 11 Dec 2025AED 1,250,000915 /sqft
  • Completed1-bed · 805 sqft 09 Dec 2025AED 2,190,0002,718 /sqft
  • Completed808 sqft 04 Dec 2025AED 2,065,0002,554 /sqft
  • Completed521 sqft 13 Nov 2025AED 1,020,0001,956 /sqft
  • Completed514 sqft 12 Nov 2025AED 1,200,0002,333 /sqft

Over the last 12 months, Elite Downtown Residence has recorded 10 apartment sales. Typical homes sold for around AED 1.2M (about AED 2,321 per sqft) with a median size of 522 sqft; most were studios, from roughly AED 1M to AED 2.19M.

1–10 of 524

Units in Elite Downtown Residence

454 units
  • Unit 1011-bed · 821 sqftSold AED 1.43M, Jun 2022
  • Unit 1021-bed · 806 sqftSold AED 1.52M, Feb 2022
  • Unit 103Studio · 495 sqftSold AED 1.1M, May 2022
  • Unit 1043-bed · 1,616 sqftSold AED 3.44M, Oct 2023
  • Unit 1052-bed · 1,363 sqftSold AED 2.29M, Jun 2022
  • Unit 106Studio · 536 sqftSold AED 921K, Jul 2022
  • Unit 107Studio · 531 sqftSold AED 956K, Jun 2022
  • Unit 108Studio · 516 sqftSold AED 955K, Jun 2022
  • Unit 1091-bed · 1,002 sqftSold AED 1.31M, Apr 2022
  • Unit 1101-bed · 1,003 sqftSold AED 1.62M, Jun 2022
1–10 of 454
Every unit in Elite Downtown Residence, by number

By type: studios (213), one-beds (132), two-beds (68), three-beds (20).

Nearby in Downtown Dubai

All 102 →
BuildingSale /sqftYield
South Ridge Towers 3AED 2,0535.7%
South Ridge Towers 2Few sales
South Ridge Towers 4AED 1,9836.2%
South Ridge Towers 5AED 1,8336.6%
South Ridge Towers 1AED 2,1095.8%
1–5 of 101 · nearest first

Elite Downtown Residence in numbers

  • Across 10 DLD sales in the 12 months to March 2026, the median price in Elite Downtown Residence was AED 2,321 per sqft and the typical home sold for about AED 1.2M.
  • Completed in 2022 by Triplanet Elite Developements ; 23 floors of studios to three-beds; service charge AED 17.47 per sqft a year.
  • Studios of 431 to 542 sqft sold for AED 1,000,000 to 1,250,000 between November 2025 and January 2026, a median AED 2,309 per sqft.
  • A studio of 431 to 542 sqft rents for AED 72,000 to 110,000 a year on the 24 contracts registered in the last 12 months.
  • Gross rental yield 6.3%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 1 March 2026.

Questions

How much does a studio in Elite Downtown Residence cost?

7 studios sold in the 12 months to March 2026, for AED 1,000,000 to 1,250,000; the median was AED 1,188,000, or AED 2,309 per sqft.

How much is a studio for rent in Elite Downtown Residence?

About AED 85,000 a year: that is the median of the 24 contracts for studios registered with Ejari in the 12 months to March 2026, from AED 72,000 to 110,000.

What is the rental yield in Elite Downtown Residence?

About 6.3% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Elite Downtown Residence gone up?

The median price per sqft rose from about AED 2,236 to AED 2,321 over the 12 months to March 2026, up 3.8%, on 10 sales against 53 the year before.

What is the service charge in Elite Downtown Residence?

AED 17.47 per sqft a year. For a typical 522 sqft home that is about AED 9,100 a year.

Who built Elite Downtown Residence and when?

Triplanet Elite Developements ; completed in 2022; 23 floors; 454 apartments.

How many apartments are there in Elite Downtown Residence?

454, studios to three-beds. Each has its own page with its full sales and rental history.

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