120, Elite Downtown Residence
Sold prices and rental history: sold twice, last in May 2024, and rented once, from August 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 120, Elite Downtown Residence
What is 120 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 1st of 23
- Parking
- B-16
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.05M · May 2024
- Building
- Elite Downtown Residence
About 120, Elite Downtown Residence
120 is a studio of 526 sqft on the 1st floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. It last sold on 28 May 2024 for AED 1,050,000, or AED 1,997 per sqft, 19% below the AED 2,475 studios in the building were fetching at the time.
One Ejari contract is registered, from 7 August 2025. The current contract, signed on 7 August 2025, is AED 79,786 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 9,200 a year.
Sales and rents for 120 over time
120 has sold twice; 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 120 sits
All 213 studios →120 last sold in May 2024 at AED 1,997 per sqft, 19% below what studios in Elite Downtown Residence were fetching at the time (AED 2,475). 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. 120's AED 79,786 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 1st floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 821 sqft | AED 1.43MAED 1,425,000 · Jun 2022June 2022 | 112,000 /yr | |
| 102 | 1-bed | 806 sqft | AED 1.52MAED 1,518,000 · Feb 2022February 2022 | 115,000 /yr | |
| 103 | Studio | 495 sqft | AED 1.1MAED 1,100,000 · May 2022May 2022 | 90,000 /yr | |
| 104 | 3-bed | 1,616 sqft | AED 3.44MAED 3,436,000 · Oct 2023October 2023 | ||
| 105 | 2-bed | 1,363 sqft | AED 2.29MAED 2,290,000 · Jun 2022June 2022 | ||
| 106 | Studio | 536 sqft | AED 921KAED 920,700 · Jul 2022July 2022 | ||
| 107 | Studio | 531 sqft | AED 956KAED 955,500 · Jun 2022June 2022 | ||
| 108 | Studio | 516 sqft | AED 955KAED 955,000 · Jun 2022June 2022 | ||
| 109 | 1-bed | 1,002 sqft | AED 1.31MAED 1,311,000 · Apr 2022April 2022 | 109,695 /yr | |
| 110 | 1-bed | 1,003 sqft | AED 1.62MAED 1,615,250 · Jun 2022June 2022 | ||
| 111 | Studio | 524 sqft | AED 950KAED 950,000 · May 2022May 2022 | ||
| 112 | Studio | 531 sqft | AED 960KAED 960,000 · May 2022May 2022 | 85,000 /yr | |
| 113 | Studio | 541 sqft | AED 882KAED 882,000 · Aug 2022August 2022 | 68,000 /yr | |
| 114 | 2-bed | 1,760 sqft | AED 1.94MAED 1,943,700 · Jan 2022January 2022 | ||
| 115 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Feb 2025February 2025 | ||
| 116 | 2-bed | 1,628 sqft | AED 3MAED 3,000,000 · Dec 2022December 2022 | ||
| 117 | Studio | 524 sqft | AED 1.03MAED 1,025,000 · May 2022May 2022 | 75,000 /yr | |
| 118 | 1-bed | 807 sqft | AED 1.74MAED 1,738,000 · Oct 2022October 2022 | ||
| 119 | 1-bed | 404 sqft | AED 1.2MAED 1,200,000 · May 2022May 2022 | 110,000 /yr |
120, Elite Downtown Residence in numbers
- Sold twice: first on 17 May 2022 for AED 975,000, last on 28 May 2024 for AED 1,050,000 (AED 1,997 per sqft).
- Rented since August 2025 on one Ejari contract, at AED 79,786 a year.
- At AED 79,786 a year the gross yield on the 2024 price is 7.6%, 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 7 August 2025.
Questions about 120, Elite Downtown Residence
What did unit 120 last sell for?
AED 1,050,000 on 28 May 2024: AED 1,997 per sqft for 526 sqft. The unit has 2 registered sales; the first was AED 975,000 in May 2022.
What is the rent for unit 120?
AED 79,786 a year on the contract signed on 7 August 2025.
How big is unit 120?
526 sqft (48.9 sqm): a studio on the 1st floor of a 23-storey tower completed in 2022.
What is unit 120 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 120, Elite Downtown Residence
Starts from the last sale price (AED 1.05M, 28 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →