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BuildingDowntown Dubai · Triplanet Elite Developements · 2022

Elite Downtown Residence

Studios to three-beds in Downtown Dubai. 26 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 10 November 2026
Typical price per sqftAED 2,114Down 5.5% on the year
Typical saleAED 1.2M26 sales
Typical rentAED 85K /yrAED 128 per sqft
Typical yield6.0%AED 17.47/sqft charge
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About Elite Downtown Residence

Elite Downtown Residence is an apartment building in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. It has 23 storeys and 454 apartments, from studios to three-bedroom homes of 431 to 1,760 sqft. Its neighbouring buildings include South Ridge Towers 2, 3 and 4. Business Bay metro station is about 1.9 km away. Several everyday amenities are within walking distance. Spinneys, Jumeirah International Nurseries, DNA Health & Wellness (Downtown) and Down Town Dubai Dog Park are each about 100 m away. Hummingbird Nursery Bay Square is about 200 m away.

454 apartments over 23 floors: 229 studios of 431 to 542 sqft, 136 one-beds of 806 to 1,007 sqft, 69 two-beds of 1,363 to 1,760 sqft and 20 three-beds of 1,616 sqft. The service charge is AED 17.47 per sqft a year.

26 apartments sold in the 12 months to November 2026, at a median of AED 2,114 per sqft, down 5.5% on the year before. Most of the trading is in studios: 18 of the 26 sales, at AED 935,000 to 1,400,000, which is why the typical sale sits below the price of its larger homes. 211 rental contracts were registered over the same 12 months, at a typical AED 85,000 a year.

Developer
Triplanet Elite Developements
Completed
2022
Floors
23
Units
454
Unit types
Studio to 3-bed

Downtown Dubai, Dubai

Average prices in Elite Downtown Residence

In Elite Downtown Residence, typical sale prices over the last 12 months were around AED 1,090,000 for studios, AED 2,030,000 for one-beds and AED 2,560,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Elite Downtown Residence

2,0002,500May 2026Nov 20262025-11-12: AED 2,333, Studio, 514 sqft2025-11-13: AED 1,956, Studio, 521 sqft2025-12-04: AED 2,553, 1-bed, 809 sqft2025-12-09: AED 2,717, 1-bed, 806 sqft2025-12-11: AED 1,830, 2-bed, 683 sqft2025-12-11: AED 2,378, Studio, 526 sqft2025-12-17: AED 1,914, Studio, 522 sqft2026-01-16: AED 2,309, Studio, 514 sqft2026-01-21: AED 1,914, Studio, 522 sqft2026-01-27: AED 2,333, Studio, 514 sqft2026-02-19: AED 2,967, Studio, 431 sqft2026-03-06: AED 2,213, Studio, 533 sqft2026-03-31: AED 1,885, 2-bed, 1,366 sqft2026-04-01: AED 2,680, Studio, 522 sqft2026-04-30: AED 2,473, 1-bed, 809 sqft2026-05-07: AED 2,006, Studio, 522 sqft2026-05-08: AED 1,902, 2-bed, 1,760 sqft2026-06-02: AED 1,944, Studio, 514 sqft2026-06-08: AED 1,900, Studio, 526 sqft2026-06-09: AED 2,026, Studio, 533 sqft2026-07-23: AED 2,340, Studio, 526 sqft2026-07-30: AED 2,213, Studio, 497 sqft2026-08-25: AED 1,866, 2-bed, 1,366 sqft2026-09-18: AED 1,752, Studio, 534 sqft2026-09-18: AED 2,202, Studio, 431 sqft2026-10-07: AED 1,982, 1-bed, 807 sqftTrend: AED 2,315 to AED 1,998

Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.

Transaction history in Elite Downtown Residence

  • Completed1-bed · 807 sqft 07 Oct 2026AED 1,600,0001,982 /sqft
  • CompletedStudio · 533 sqft 18 Sep 2026AED 935,0001,752 /sqft
  • CompletedStudio · 431 sqft 18 Sep 2026AED 950,0002,203 /sqft
  • Completed2-bed · 1,366 sqft 25 Aug 2026AED 2,550,0001,867 /sqft
  • CompletedStudio · 496 sqft 30 Jul 2026AED 1,100,0002,213 /sqft
  • CompletedStudio · 525 sqft 23 Jul 2026AED 1,230,0002,340 /sqft
  • CompletedStudio · 533 sqft 09 Jun 2026AED 1,080,0002,026 /sqft
  • CompletedStudio · 525 sqft 08 Jun 2026AED 999,0001,901 /sqft
  • CompletedStudio · 514 sqft 02 Jun 2026AED 1,000,0001,944 /sqft
  • Completed2-bed · 1,760 sqft 08 May 2026AED 3,347,9041,902 /sqft

Over the last 12 months, Elite Downtown Residence has recorded 26 apartment sales. Typical homes sold for around AED 1.2M (about AED 2,114 per sqft) with a median size of 526 sqft; most were studios, from roughly AED 935K to AED 3.35M.

1–10 of 540

Units in Elite Downtown Residence

454 units
  • Unit 1011-bed · 821 sqftSold AED 1.43M, Jun 2022
  • Unit 1021-bed · 806 sqftSold AED 1.52M, Feb 2022
  • Unit 103Studio · 495 sqftSold AED 1.1M, May 2022
  • Unit 1043-bed · 1,616 sqftSold AED 3.44M, Oct 2023
  • Unit 1052-bed · 1,363 sqftSold AED 2.29M, Jun 2022
  • Unit 106Studio · 536 sqftSold AED 921K, Jul 2022
  • Unit 107Studio · 531 sqftSold AED 956K, Jun 2022
  • Unit 108Studio · 516 sqftSold AED 955K, Jun 2022
  • Unit 1091-bed · 1,002 sqftSold AED 1.31M, Apr 2022
  • Unit 1101-bed · 1,003 sqftSold AED 1.62M, Jun 2022
1–10 of 454
Every unit in Elite Downtown Residence, by number

By type: studios (229), one-beds (136), two-beds (69), three-beds (20).

Nearby in Downtown Dubai

All 104 →
BuildingSale /sqftYield
South Ridge Towers 3AED 1,9025.9%
South Ridge Towers 2AED 1,9895.4%
South Ridge Towers 4AED 2,1445.2%
South Ridge Towers 5AED 2,0575.3%
South Ridge Towers 1AED 2,0495.3%
1–5 of 103 · nearest first

Elite Downtown Residence in numbers

  • Across 26 DLD sales in the 12 months to November 2026, the median price in Elite Downtown Residence was AED 2,114 per sqft and the typical home sold for about AED 1.2M.
  • Completed in 2022 by Triplanet Elite Developements ; 23 floors of studios to three-beds; service charge AED 17.47 per sqft a year.
  • Studios of 431 to 542 sqft sold for AED 935,000 to 1,400,000 between November 2025 and September 2026, a median AED 2,208 per sqft.
  • A studio of 431 to 542 sqft rents for AED 45,000 to 120,000 a year on the 113 contracts registered in the last 12 months.
  • Gross rental yield 6.0%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 10 November 2026.

Questions

How much does a studio in Elite Downtown Residence cost?

18 studios sold in the 12 months to November 2026, for AED 935,000 to 1,400,000; the median was AED 1,090,000, or AED 2,208 per sqft.

How much is a studio for rent in Elite Downtown Residence?

About AED 70,000 a year: that is the median of the 113 contracts for studios registered with Ejari in the 12 months to November 2026, from AED 45,000 to 120,000.

What is the rental yield in Elite Downtown Residence?

About 6.0% gross across the building, from about 6.4% for two-beds to 4.8% for one-beds, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Elite Downtown Residence gone up?

The median price per sqft fell from about AED 2,236 to AED 2,114 over the 12 months to November 2026, down 5.5%, on 26 sales against 53 the year before.

What is the service charge in Elite Downtown Residence?

AED 17.47 per sqft a year. For a typical 526 sqft home that is about AED 9,200 a year.

Who built Elite Downtown Residence and when?

Triplanet Elite Developements ; completed in 2022; 23 floors; 454 apartments.

How many apartments are there in Elite Downtown Residence?

454, studios to three-beds. Each has its own page with its full sales and rental history.

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