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1-bed · 810 sqftElite Downtown Residence, Downtown Dubai · 12th floor · completed 2022

1219, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from June 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1219 · DLD and Ejari recordsUpdated 6 June 2024
Last soldAED 1.4M18 April 2022
Current rentAED 100K /yr6 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1219, Elite Downtown Residence

What is 1219 worth today?

Last sold for AED 1,400,600 in 2022

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6 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 124 per sqft
18 Apr 2022Sold by developerReady
AED 1,400,600AED 1,730 per sqft

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

Key facts

Type
1-bed apartment
Size
810 sqft
Floor
12th of 23
Parking
P2-20
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.4M · April 2022
Building
Elite Downtown Residence

About 1219, Elite Downtown Residence

1219 is a one-bedroom apartment of 810 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 18 April 2022 for AED 1,400,600, or AED 1,730 per sqft, 7% above the AED 1,611 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 June 2024. The current contract, signed on 6 June 2024, is AED 100,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 1219 over time

Sales
Unit 1219, 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, April 2022: AED 1,400,600 (AED 1,730 per sqft)

1219 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1219, 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 2024: AED 100,000 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 1219 sits

All 132 1-beds →

1219 last sold in April 2022 at AED 1,730 per sqft, 7% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,611). 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. 1219's AED 100,000 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 12th floor

All 454 units in Elite Downtown Residence
Value
12011-bedAED 1.44M · Feb 2022
12021-bedAED 2.55M · Apr 2022
1203StudioAED 983K · Sep 2021
12043-bedAED 3.9M · Sep 2023
12052-bedAED 2.61M · May 2022
1206StudioAED 1.33M · Oct 2022
1207StudioAED 935K · Jul 2022
1–7 of 19

1219, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 18 April 2022 for AED 1,400,600, or AED 1,730 per sqft.
  • Rented since June 2024 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 7.1%, 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 6 June 2024.

Questions about 1219, Elite Downtown Residence

What did unit 1219 last sell for?

AED 1,400,600 on 18 April 2022, sold by the developer: AED 1,730 per sqft for 810 sqft. It is the only registered sale of the unit.

What is the rent for unit 1219?

AED 100,000 a year on the contract signed on 6 June 2024.

How big is unit 1219?

810 sqft (75.3 sqm): a one-bedroom apartment on the 12th floor of a 23-storey tower completed in 2022.

What is unit 1219 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 1219, Elite Downtown Residence

Starts from the last sale price (AED 1.4M, 18 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,600
Deposit, UAE resident (20%)
AED 280,120
Deposit, non-resident (40%)
AED 560,240
Monthly over 25 years at 3.7%
AED 5,730

Plus AED 63,835 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →