1-bed · 810 sqftElite Downtown Residence, Downtown Dubai · 10th floor · completed 2022

1018, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in February 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1018 · DLD and Ejari recordsUpdated 4 February 2022
Last soldAED 1.26M4 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1018, Elite Downtown Residence

What is 1018 worth today?

Last sold for AED 1,258,595 in 2022

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4 Feb 2022Sold by developerOff-plan
AED 1,258,595AED 1,554 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 February 2022.

Key facts

Type
1-bed apartment
Size
810 sqft
Floor
10th of 23
Parking
P1-65
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.26M · February 2022

About 1018, Elite Downtown Residence

1018 is a one-bedroom apartment of 810 sqft on the 10th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 4 February 2022 for AED 1,258,595, or AED 1,554 per sqft, in line with the AED 1,554 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1018 over time

Sales
Unit 1018, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 1,950,000Sold by developer, February 2022: AED 1,258,595 (AED 1,554 per sqft)

1018 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1018, each contractTypical one-bed in Elite Downtown Residence
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 125,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 1018 sits

All 132 1-beds →

1018 last sold in February 2022 at AED 1,554 per sqft, in line with what one-beds in Elite Downtown Residence were fetching at the time (AED 1,554). Over the last 12 months one-beds sold for AED 2,065,000 to 2,190,000, around AED 2,635 per sqft, and rent for AED 97,000 to 145,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Dec 20252,190,000
26 Jun 20251,900,000
19 Jun 20252,250,000
3 Mar 20251,650,000
2 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 9 sold in the last 12 months.

Typical price per sqft
AED 2,309
Typical sale
AED 1.2M
Typical rent
AED 105K /yr
Typical yield
6.3%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 454 units in Elite Downtown Residence
Value
10011-bedAED 1.41M · Apr 2022
10021-bedAED 2.49M · Sep 2023
1003StudioAED 1.64M · May 2022
10052-bedAED 2.41M · Apr 2022
1006StudioAED 987K · Jun 2022
1007StudioAED 1.11M · Sep 2022
1008StudioAED 973K · Jun 2022
1–7 of 18

1018, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 4 February 2022 for AED 1,258,595, or AED 1,554 per sqft.
  • One-beds in Elite Downtown Residence sold for AED 2,065,000–2,190,000 in the 12 months to November 2026; the building's median across all types is AED 2,309 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 4 February 2022.

Questions about 1018, Elite Downtown Residence

What did unit 1018 last sell for?

AED 1,258,595 on 4 February 2022, sold by the developer: AED 1,554 per sqft for 810 sqft. It is the only registered sale of the unit.

How big is unit 1018?

810 sqft (75.3 sqm): a one-bedroom apartment on the 10th floor of a 23-storey tower completed in 2022.

What is unit 1018 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 2,065,000 to 2,190,000 in the last 12 months, around AED 2,635 per sqft.

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Mortgage on 1018, Elite Downtown Residence

Starts from the last sale price (AED 1.26M, 4 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,258,595
Deposit, UAE resident (20%)
AED 251,719
Deposit, non-resident (40%)
AED 503,438
Monthly over 25 years at 3.7%
AED 5,149

Plus AED 57,871 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →