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

1019, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1019 · DLD and Ejari recordsUpdated 13 October 2024
Last soldAED 1.27M26 May 2022
Current rentAED 112K /yr13 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1019, Elite Downtown Residence

What is 1019 worth today?

Last sold for AED 1,265,850 in 2022

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13 Oct 2024RentedNew contract
AED 112,000/yr12 months · AED 138 per sqft
15 Jun 2023RentedRenewal
AED 105,000/yr12 months · AED 130 per sqft
15 Jun 2022RentedNew contract
AED 90,000/yr12 months · AED 111 per sqft
26 May 2022Sold by developerReady
AED 1,265,850AED 1,563 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2024.

Key facts

Type
1-bed apartment
Size
810 sqft
Floor
10th of 23
Parking
P1-66
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.27M · May 2022
Building
Elite Downtown Residence

About 1019, Elite Downtown Residence

1019 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 26 May 2022 for AED 1,265,850, or AED 1,563 per sqft, 3% below the AED 1,614 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 13 October 2024, is AED 112,000 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 1019 over time

Sales
Unit 1019, 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, May 2022: AED 1,265,850 (AED 1,563 per sqft)

1019 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1019, 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 125,000New contract, June 2022: AED 90,000 a yearRenewal, June 2023: AED 105,000 a yearNew contract, October 2024: AED 112,000 a year

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 1019 sits

All 132 1-beds →

1019 last sold in May 2022 at AED 1,563 per sqft, 3% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,614). 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. 1019's AED 112,000 is in the lower half of that range.

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

1019, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 26 May 2022 for AED 1,265,850, or AED 1,563 per sqft.
  • Rented since June 2022 on 3 Ejari contracts, from AED 90,000 to AED 112,000 a year.
  • At AED 112,000 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 14,100 a year (AED 17.47 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 13 October 2024.

Questions about 1019, Elite Downtown Residence

What did unit 1019 last sell for?

AED 1,265,850 on 26 May 2022, sold by the developer: AED 1,563 per sqft for 810 sqft. It is the only registered sale of the unit.

What is the rent for unit 1019?

AED 112,000 a year on the contract signed on 13 October 2024. The previous contract, from June 2023, was AED 105,000; the unit has been rented since June 2022.

How big is unit 1019?

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

What is unit 1019 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 1019, Elite Downtown Residence

Starts from the last sale price (AED 1.27M, 26 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,265,850
Deposit, UAE resident (20%)
AED 253,170
Deposit, non-resident (40%)
AED 506,340
Monthly over 25 years at 3.7%
AED 5,179

Plus AED 58,176 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →