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1-bed · 404 sqftElite Downtown Residence, Downtown Dubai · 1st floor · completed 2022

119, 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 119 · DLD and Ejari recordsUpdated 6 October 2024
Last soldAED 1.2M19 May 2022
Current rentAED 110K /yr6 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 119, Elite Downtown Residence

What is 119 worth today?

Last sold for AED 1,200,000 in 2022

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6 Oct 2024RentedNew contract
AED 110,000/yr12 months · AED 136 per sqft
6 Aug 2022RentedNew contract
AED 95,000/yr12 months · AED 118 per sqft
19 May 2022Sold by developerReady
AED 1,200,000AED 1,486 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 October 2024.

Key facts

Type
1-bed apartment
Size
404 sqft
Floor
1st of 23
Parking
B-15
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 7,100 /yr
Last sold
AED 1.2M · May 2022
Building
Elite Downtown Residence

About 119, Elite Downtown Residence

119 is a one-bedroom apartment of 404 sqft on the 1st floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 19 May 2022 for AED 1,200,000, or AED 1,486 per sqft, 8% below the AED 1,608 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 6 October 2024, is AED 110,000 a year: a gross yield of 9.2% on the 2022 price, before the service charge of about AED 7,100 a year.

Sales and rents for 119 over time

Sales
Unit 119, 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 1,200,000 (AED 1,486 per sqft)

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

Rents
Unit 119, 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, August 2022: AED 95,000 a yearNew contract, October 2024: AED 110,000 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 119 sits

All 132 1-beds →

119 last sold in May 2022 at AED 1,486 per sqft, 8% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,608). 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. 119's AED 110,000 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 1st floor

All 454 units in Elite Downtown Residence
Value
1011-bedAED 1.43M · Jun 2022
1021-bedAED 1.52M · Feb 2022
103StudioAED 1.1M · May 2022
1043-bedAED 3.44M · Oct 2023
1052-bedAED 2.29M · Jun 2022
106StudioAED 921K · Jul 2022
107StudioAED 956K · Jun 2022
1–7 of 19

119, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 19 May 2022 for AED 1,200,000, or AED 1,486 per sqft.
  • Rented since August 2022 on 2 Ejari contracts, from AED 95,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 9.2%, before a service charge of about AED 7,100 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 6 October 2024.

Questions about 119, Elite Downtown Residence

What did unit 119 last sell for?

AED 1,200,000 on 19 May 2022, sold by the developer: AED 1,486 per sqft for 404 sqft. It is the only registered sale of the unit.

What is the rent for unit 119?

AED 110,000 a year on the contract signed on 6 October 2024. The previous contract, from August 2022, was AED 95,000.

How big is unit 119?

404 sqft (37.5 sqm): a one-bedroom apartment on the 1st floor of a 23-storey tower completed in 2022.

What is unit 119 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 119, Elite Downtown Residence

Starts from the last sale price (AED 1.2M, 19 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →