1120, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1120, Elite Downtown Residence
What is 1120 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 11th of 23
- Parking
- P2-05
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.25M · June 2022
- Building
- Elite Downtown Residence
About 1120, Elite Downtown Residence
1120 is a studio of 526 sqft on the 11th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 6 June 2022 for AED 1,250,000, or AED 2,378 per sqft, 32% above the AED 1,806 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 23 December 2024, is AED 84,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1120 over time
1120 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Downtown Residence, and where 1120 sits
All 213 studios →1120 last sold in June 2022 at AED 2,378 per sqft, 32% above what studios in Elite Downtown Residence were fetching at the time (AED 1,806). Over the last 12 months studios sold for AED 1,000,000 to 1,250,000, around AED 2,133 per sqft, and rent for AED 72,000 to 110,000 a year. 1120's AED 84,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 514 sqft | 1,200,000 | 2,333 | ||
| 21 Jan 202621 January 2026 | 522 sqft | 1,000,000 | 1,914 | ||
| 16 Jan 202616 January 2026 | 514 sqft | 1,188,000 | 2,309 | ||
| 17 Dec 202517 December 2025 | 522 sqft | 1,000,000 | 1,914 |
Elite Downtown Residence
Building454 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%
Other units on the 11th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 824 sqft | AED 1.49MAED 1,491,750 · Apr 2018April 2018 | 120,000 /yr | |
| 1102 | 1-bed | 809 sqft | AED 2.05MAED 2,050,000 · Apr 2022April 2022 | 90,000 /yr | |
| 1103 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1105 | 1,366 sqft | AED 2.51MAED 2,510,000 · Oct 2025October 2025 | 165,000 /yr | ||
| 1106 | Studio | 536 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | ||
| 1107 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jun 2022June 2022 | 95,760 /yr | |
| 1108 | Studio | 514 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 140,000 /yr | |
| 1109 | 1-bed | 994 sqft | AED 1.29MAED 1,291,634 · Mar 2022March 2022 | 100,000 /yr | |
| 1110 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Mar 2025March 2025 | ||
| 1111 | Studio | 521 sqft | AED 915KAED 915,400 · Apr 2022April 2022 | 70,000 /yr | |
| 1112 | Studio | 534 sqft | AED 929KAED 929,200 · Apr 2022April 2022 | 70,000 /yr | |
| 1113 | Studio | 542 sqft | AED 930KAED 930,000 · Jun 2022June 2022 | 68,250 /yr | |
| 1114 | 2-bed | 1,760 sqft | AED 2.32MAED 2,322,000 · Apr 2022April 2022 | ||
| 1115 | 431 sqft | AED 1.18MAED 1,175,000 · Aug 2025August 2025 | |||
| 1116 | 2-bed | 1,630 sqft | AED 3.5MAED 3,500,000 · Aug 2024August 2024 | ||
| 1117 | Studio | 522 sqft | AED 1.07MAED 1,070,000 · Apr 2022April 2022 | ||
| 1118 | 1-bed | 810 sqft | AED 1.51MAED 1,505,000 · Apr 2022April 2022 | 97,000 /yr | |
| 1119 | 1-bed | 810 sqft | AED 1.38MAED 1,376,400 · Apr 2022April 2022 |
1120, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 6 June 2022 for AED 1,250,000, or AED 2,378 per sqft.
- Rented since October 2022 on 4 Ejari contracts, from AED 75,000 to AED 84,000 a year.
- At AED 84,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 9,200 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 1,000,000–1,250,000 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 23 December 2024.
Questions about 1120, Elite Downtown Residence
What did unit 1120 last sell for?
AED 1,250,000 on 6 June 2022, sold by the developer: AED 2,378 per sqft for 526 sqft. It is the only registered sale of the unit.
What is the rent for unit 1120?
AED 84,000 a year on the contract signed on 23 December 2024. The previous contract, from December 2024, was AED 84,000; the unit has been rented since October 2022.
How big is unit 1120?
526 sqft (48.9 sqm): a studio on the 11th floor of a 23-storey tower completed in 2022.
What is unit 1120 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Downtown Residence sold for AED 1,000,000 to 1,250,000 in the last 12 months, around AED 2,133 per sqft.
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Mortgage on 1120, Elite Downtown Residence
Starts from the last sale price (AED 1.25M, 6 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →