1203, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2021, 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 1203, Elite Downtown Residence
What is 1203 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 497 sqft
- Floor
- 12th of 23
- Parking
- P2-08
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 8,700 /yr
- Last sold
- AED 983K · September 2021
- Building
- Elite Downtown Residence
About 1203, Elite Downtown Residence
1203 is a studio of 497 sqft on the 12th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 23 September 2021 for AED 983,000, or AED 1,977 per sqft.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 16 June 2025, is AED 95,000 a year: a gross yield of 9.7% on the 2021 price, before the service charge of about AED 8,700 a year.
Sales and rents for 1203 over time
1203 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 1203 sits
All 213 studios →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. 1203's AED 95,000 is in the upper 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 12th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 824 sqft | AED 1.44MAED 1,443,050 · Feb 2022February 2022 | 104,000 /yr | |
| 1202 | 1-bed | 809 sqft | AED 2.55MAED 2,545,000 · Apr 2022April 2022 | ||
| 1204 | 3-bed | 1,616 sqft | AED 3.9MAED 3,898,200 · Sep 2023September 2023 | 220,000 /yr | |
| 1205 | 2-bed | 1,366 sqft | AED 2.61MAED 2,610,000 · May 2022May 2022 | 150,000 /yr | |
| 1206 | Studio | 536 sqft | AED 1.33MAED 1,325,000 · Oct 2022October 2022 | 80,000 /yr | |
| 1207 | Studio | 533 sqft | AED 935KAED 935,300 · Jul 2022July 2022 | 80,000 /yr | |
| 1208 | Studio | 514 sqft | AED 1MAED 1,000,450 · Jun 2022June 2022 | 108,000 /yr | |
| 1209 | 1-bed | 994 sqft | AED 1.3MAED 1,300,234 · Mar 2022March 2022 | ||
| 1210 | 1-bed | 1,007 sqft | AED 1.28MAED 1,284,120 · Apr 2022April 2022 | 57,500 /yr | |
| 1211 | Studio | 521 sqft | AED 1.17MAED 1,165,000 · Aug 2022August 2022 | ||
| 1212 | Studio | 534 sqft | AED 1.34MAED 1,343,450 · Nov 2022November 2022 | 74,000 /yr | |
| 1213 | Studio | 542 sqft | AED 1.2MAED 1,200,000 · Aug 2022August 2022 | 90,000 /yr | |
| 1214 | 2-bed | 880 sqft | AED 2.4MAED 2,400,000 · Aug 2022August 2022 | 155,000 /yr | |
| 1215 | Studio | 431 sqft | AED 1.24MAED 1,235,000 · Oct 2024October 2024 | 80,000 /yr | |
| 1216 | 2-bed | 1,630 sqft | AED 3.41MAED 3,410,480 · Sep 2023September 2023 | 195,000 /yr | |
| 1217 | Studio | 522 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | ||
| 1218 | 1-bed | 810 sqft | AED 1.08MAED 1,082,050 · Jan 2022January 2022 | 90,000 /yr | |
| 1219 | 1-bed | 810 sqft | AED 1.4MAED 1,400,600 · Apr 2022April 2022 | 100,000 /yr | |
| 1220 | Studio | 526 sqft | AED 1.32MAED 1,322,100 · May 2023May 2023 | 96,000 /yr |
1203, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 23 September 2021 for AED 983,000, or AED 1,977 per sqft.
- Rented since August 2022 on 4 Ejari contracts, from AED 68,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2021 price is 9.7%, before a service charge of about AED 8,700 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 16 June 2025.
Questions about 1203, Elite Downtown Residence
What did unit 1203 last sell for?
AED 983,000 on 23 September 2021, sold by the developer: AED 1,977 per sqft for 497 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 95,000 a year on the contract signed on 16 June 2025. The previous contract, from August 2024, was AED 80,000; the unit has been rented since August 2022.
How big is unit 1203?
497 sqft (46.2 sqm): a studio on the 12th floor of a 23-storey tower completed in 2022.
What is unit 1203 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 1203, Elite Downtown Residence
Starts from the last sale price (AED 983K, 23 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 983,000
- Deposit, UAE resident (20%)
- AED 196,600
- Deposit, non-resident (40%)
- AED 393,200
- Monthly over 25 years at 3.7%
- AED 4,022
Plus AED 46,296 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →