2306, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in February 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2306, Elite Downtown Residence
What is 2306 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 536 sqft
- Floor
- 23rd of 23
- Parking
- P4-70
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,400 /yr
- Last sold
- AED 1.17M · February 2025
- Building
- Elite Downtown Residence
About 2306, Elite Downtown Residence
2306 is a studio of 536 sqft on the 23rd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 28 February 2025 for AED 1,170,000, or AED 2,181 per sqft, 9% below the AED 2,390 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 2 April 2025, is AED 85,000 a year: a gross yield of 7.3% on the 2025 price, before the service charge of about AED 9,400 a year.
Sales and rents for 2306 over time
2306 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 2306 sits
All 213 studios →2306 last sold in February 2025 at AED 2,181 per sqft, 9% below what studios in Elite Downtown Residence were fetching at the time (AED 2,390). 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. 2306's AED 85,000 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. 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 23rd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 824 sqft | AED 3.21MAED 3,210,800 · Nov 2022November 2022 | ||
| 2302 | 1-bed | 809 sqft | AED 2.25MAED 2,250,000 · Jun 2025June 2025 | ||
| 2303 | Studio | 497 sqft | AED 2.56MAED 2,555,500 · Dec 2022December 2022 | ||
| 2304 | 3-bed | 1,616 sqft | AED 4.45MAED 4,453,240 · Sep 2023September 2023 | ||
| 2305 | 2-bed | 1,366 sqft | AED 2.93MAED 2,933,440 · Sep 2023September 2023 | 185,000 /yr | |
| 2307 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 65,000 /yr | |
| 2308 | Studio | 514 sqft | AED 1.18MAED 1,175,000 · Jun 2025June 2025 | 66,150 /yr | |
| 2309 | 1-bed | 1,006 sqft | AED 2.28MAED 2,281,600 · Nov 2022November 2022 | ||
| 2310 | 1-bed | 1,007 sqft | AED 2.31MAED 2,310,750 · Jul 2022July 2022 | ||
| 2311 | Studio | 521 sqft | AED 1.5MAED 1,500,000 · Feb 2023February 2023 | ||
| 2312 | 534 sqft | AED 1.42MAED 1,419,600 · Jan 2023January 2023 | 80,000 /yr | ||
| 2313 | Studio | 542 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 88,000 /yr | |
| 2314 | 2-bed | 1,760 sqft | AED 3.12MAED 3,122,120 · Sep 2023September 2023 | ||
| 2315 | Studio | 431 sqft | AED 1.34MAED 1,336,500 · Jan 2025January 2025 | ||
| 2316 | 2-bed | 1,630 sqft | AED 4.54MAED 4,543,337 · Apr 2022April 2022 | 170,000 /yr | |
| 2317 | Studio | 522 sqft | AED 2.46MAED 2,460,500 · Dec 2022December 2022 | ||
| 2318 | 1-bed | 810 sqft | AED 2.71MAED 2,712,000 · May 2023May 2023 | ||
| 2319 | 1-bed | 810 sqft | AED 2.62MAED 2,615,800 · May 2023May 2023 | ||
| 2320 | Studio | 526 sqft | AED 1.78MAED 1,781,000 · May 2023May 2023 |
2306, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 28 February 2025 for AED 1,170,000, or AED 2,181 per sqft.
- Rented since July 2022 on 2 Ejari contracts, from AED 65,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2025 price is 7.3%, before a service charge of about AED 9,400 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 2 April 2025.
Questions about 2306, Elite Downtown Residence
What did unit 2306 last sell for?
AED 1,170,000 on 28 February 2025, sold by the developer: AED 2,181 per sqft for 536 sqft. It is the only registered sale of the unit.
What is the rent for unit 2306?
AED 85,000 a year on the contract signed on 2 April 2025. The previous contract, from July 2022, was AED 65,000.
How big is unit 2306?
536 sqft (49.8 sqm): a studio on the 23rd floor of a 23-storey tower completed in 2022.
What is unit 2306 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 2306, Elite Downtown Residence
Starts from the last sale price (AED 1.17M, 28 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,170,000
- Deposit, UAE resident (20%)
- AED 234,000
- Deposit, non-resident (40%)
- AED 468,000
- Monthly over 25 years at 3.7%
- AED 4,787
Plus AED 54,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →