1511, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1511, Elite Downtown Residence
What is 1511 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 15th of 23
- Parking
- P2-76
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,100 /yr
- Last sold
- AED 1.09M · June 2022
- Building
- Elite Downtown Residence
About 1511, Elite Downtown Residence
1511 is a studio of 521 sqft on the 15th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 21 June 2022 for AED 1,092,500, or AED 2,095 per sqft, 15% above the AED 1,814 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 25 July 2025, is AED 69,626 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 9,100 a year.
Sales and rents for 1511 over time
1511 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 1511 sits
All 213 studios →1511 last sold in June 2022 at AED 2,095 per sqft, 15% above what studios in Elite Downtown Residence were fetching at the time (AED 1,814). Over the last 12 months studios sold for AED 1,000,000 to 1,250,000, around AED 2,309 per sqft, and rent for AED 72,000 to 110,000 a year. 1511's AED 69,626 is at the bottom 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. 8 sold in the last 12 months.
- Typical price per sqft
- AED 2,321
- Typical sale
- AED 1.23M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 15th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 824 sqft | AED 1.66MAED 1,656,000 · Apr 2022April 2022 | 105,000 /yr | |
| 1502 | 1-bed | 809 sqft | AED 2.59MAED 2,585,000 · May 2022May 2022 | ||
| 1503 | Studio | 497 sqft | AED 1.86MAED 1,862,250 · Jul 2022July 2022 | ||
| 1504 | 3-bed | 1,616 sqft | AED 4.9MAED 4,900,000 · Apr 2024April 2024 | ||
| 1505 | 2-bed | 1,366 sqft | AED 2.67MAED 2,670,000 · Apr 2022April 2022 | 213,000 /yr | |
| 1506 | Studio | 536 sqft | AED 1.18MAED 1,176,450 · Aug 2022August 2022 | ||
| 1507 | Studio | 533 sqft | AED 1.19MAED 1,185,000 · Jun 2022June 2022 | 80,000 /yr | |
| 1508 | 514 sqft | AED 1.15MAED 1,150,000 · Sep 2025September 2025 | 66,060 /yr | ||
| 1509 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | ||
| 1510 | 1,007 sqft | AED 1.65MAED 1,650,000 · Feb 2023February 2023 | 120,000 /yr | ||
| 1512 | Studio | 534 sqft | AED 1.21MAED 1,205,000 · Jun 2022June 2022 | 85,000 /yr | |
| 1513 | Studio | 542 sqft | AED 1.32MAED 1,324,800 · Nov 2022November 2022 | ||
| 1514 | 2-bed | 1,760 sqft | AED 2.92MAED 2,924,000 · Feb 2025February 2025 | ||
| 1515 | Studio | 431 sqft | AED 936KAED 935,750 · Jun 2022June 2022 | 80,000 /yr | |
| 1516 | 2-bed | 1,630 sqft | AED 4.7MAED 4,704,500 · Aug 2022August 2022 | ||
| 1517 | Studio | 522 sqft | AED 966KAED 966,000 · Apr 2022April 2022 | 78,750 /yr | |
| 1518 | 1-bed | 810 sqft | AED 1.3MAED 1,301,130 · Feb 2022February 2022 | 145,000 /yr | |
| 1519 | 1-bed | 810 sqft | AED 1.42MAED 1,422,000 · Apr 2022April 2022 | 100,000 /yr | |
| 1520 | Studio | 526 sqft | AED 1.36MAED 1,361,100 · May 2023May 2023 |
1511, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 21 June 2022 for AED 1,092,500, or AED 2,095 per sqft.
- Rented since July 2022 on 3 Ejari contracts, from AED 60,000 to AED 69,626 a year.
- At AED 69,626 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 9,100 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 2,321 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2025.
Questions about 1511, Elite Downtown Residence
What did unit 1511 last sell for?
AED 1,092,500 on 21 June 2022, sold by the developer: AED 2,095 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit 1511?
AED 69,626 a year on the contract renewed on 25 July 2025. The previous contract, from July 2024, was AED 69,000; the unit has been rented since July 2022.
How big is unit 1511?
521 sqft (48.4 sqm): a studio on the 15th floor of a 23-storey tower completed in 2022.
What is unit 1511 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 2,309 per sqft.
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Mortgage on 1511, Elite Downtown Residence
Starts from the last sale price (AED 1.09M, 21 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,092,500
- Deposit, UAE resident (20%)
- AED 218,500
- Deposit, non-resident (40%)
- AED 437,000
- Monthly over 25 years at 3.7%
- AED 4,470
Plus AED 50,895 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →