706, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Elite Downtown Residence
What is 706 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.
Key facts
- Type
- Studio apartment
- Size
- 536 sqft
- Floor
- 7th of 23
- Parking
- M-64
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,400 /yr
- Last sold
- AED 827K · April 2022
- Building
- Elite Downtown Residence
About 706, Elite Downtown Residence
706 is a studio of 536 sqft on the 7th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 7 April 2022 for AED 826,500, or AED 1,541 per sqft, 8% below the AED 1,681 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 February 2023. The current contract, signed on 1 February 2023, is AED 78,000 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 9,400 a year.
Sales and rents for 706 over time
706 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 706 sits
All 213 studios →706 last sold in April 2022 at AED 1,541 per sqft, 8% below what studios in Elite Downtown Residence were fetching at the time (AED 1,681). 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. 706's AED 78,000 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. 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 7th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 824 sqft | AED 2.3MAED 2,295,000 · Aug 2022August 2022 | 105,000 /yr | |
| 702 | 809 sqft | AED 2.07MAED 2,065,000 · Dec 2025December 2025 | |||
| 703 | Studio | 497 sqft | AED 1.26MAED 1,260,000 · Jan 2022January 2022 | ||
| 704 | 3-bed | 1,616 sqft | AED 4.19MAED 4,185,000 · Jan 2025January 2025 | 300,000 /yr | |
| 705 | 2-bed | 1,366 sqft | AED 2.5MAED 2,500,000 · Aug 2022August 2022 | ||
| 707 | Studio | 533 sqft | AED 1.13MAED 1,130,000 · Aug 2022August 2022 | 115,000 /yr | |
| 708 | Studio | 514 sqft | AED 828KAED 828,000 · Mar 2022March 2022 | ||
| 709 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | 130,000 /yr | |
| 710 | 1-bed | 994 sqft | AED 1.25MAED 1,249,000 · Dec 2021December 2021 | 120,000 /yr | |
| 711 | Studio | 521 sqft | AED 1.17MAED 1,170,400 · Oct 2022October 2022 | ||
| 712 | Studio | 534 sqft | AED 789KAED 788,640 · Mar 2022March 2022 | 85,000 /yr | |
| 713 | Studio | 542 sqft | AED 1.17MAED 1,170,000 · Mar 2025March 2025 | ||
| 714 | 2-bed | 1,760 sqft | AED 2.39MAED 2,393,000 · May 2022May 2022 | ||
| 715 | Studio | 431 sqft | AED 1.2MAED 1,200,000 · Nov 2024November 2024 | ||
| 716 | 2-bed | 1,630 sqft | AED 3.09MAED 3,090,080 · Sep 2023September 2023 | ||
| 717 | Studio | 522 sqft | AED 835KAED 835,140 · Mar 2022March 2022 | ||
| 718 | 1-bed | 810 sqft | AED 1.25MAED 1,250,000 · Jan 2022January 2022 | 110,000 /yr | |
| 719 | 1-bed | 810 sqft | AED 1.37MAED 1,370,250 · May 2022May 2022 | 104,709 /yr | |
| 720 | Studio | 526 sqft | AED 975KAED 975,000 · Jun 2022June 2022 | 87,600 /yr |
706, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 7 April 2022 for AED 826,500, or AED 1,541 per sqft.
- Rented since February 2023 on one Ejari contract, at AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2022 price is 9.4%, 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 2,309 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2023.
Questions about 706, Elite Downtown Residence
What did unit 706 last sell for?
AED 826,500 on 7 April 2022, sold by the developer: AED 1,541 per sqft for 536 sqft. It is the only registered sale of the unit.
What is the rent for unit 706?
AED 78,000 a year on the contract signed on 1 February 2023.
How big is unit 706?
536 sqft (49.8 sqm): a studio on the 7th floor of a 23-storey tower completed in 2022.
What is unit 706 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 706, Elite Downtown Residence
Starts from the last sale price (AED 827K, 7 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 826,500
- Deposit, UAE resident (20%)
- AED 165,300
- Deposit, non-resident (40%)
- AED 330,600
- Monthly over 25 years at 3.7%
- AED 3,381
Plus AED 39,723 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →