1012, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1012, Elite Downtown Residence
What is 1012 worth today?
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Source: Dubai Land Department. Updated 8 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 534 sqft
- Floor
- 10th of 23
- Parking
- P1-61
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 960K · March 2022
- Building
- Elite Downtown Residence
About 1012, Elite Downtown Residence
1012 is a studio of 534 sqft on the 10th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 1 March 2022 for AED 960,000, or AED 1,799 per sqft, 7% above the AED 1,681 studios in the building were fetching at the time.
One Ejari contract is registered, from 8 January 2026. The current contract, signed on 8 January 2026, is AED 100,000 a year: a gross yield of 10.4% on the 2022 price, before the service charge of about AED 9,300 a year.
Sales and rents for 1012 over time
1012 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 1012 sits
All 229 studios →1012 last sold in March 2022 at AED 1,799 per sqft, 7% above what studios in Elite Downtown Residence were fetching at the time (AED 1,681). Over the last 12 months studios sold for AED 935,000 to 1,400,000, around AED 2,208 per sqft, and rent for AED 45,000 to 120,000 a year. 1012's AED 100,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 534 sqft | 935,000 | 1,752 | ||
| 18 Sep 202618 September 2026 | 431 sqft | 950,000 | 2,202 | ||
| 30 Jul 202630 July 2026 | 497 sqft | 1,100,000 | 2,213 | ||
| 23 Jul 202623 July 2026 | 526 sqft | 1,230,000 | 2,340 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements . 26 sold in the last 12 months.
- Typical price per sqft
- AED 2,114 Down 5.5%
- Typical sale
- AED 1.2M
- Typical rent
- AED 85K /yr
- Typical yield
- 6.0%
Other units on the 10th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 824 sqft | AED 1.41MAED 1,413,000 · Apr 2022April 2022 | ||
| 1002 | 1-bed | 809 sqft | AED 2.49MAED 2,488,440 · Sep 2023September 2023 | 100,000 /yr | |
| 1003 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1005 | 2-bed | 1,366 sqft | AED 2.41MAED 2,410,000 · Apr 2022April 2022 | ||
| 1006 | Studio | 536 sqft | AED 987KAED 987,000 · Jun 2022June 2022 | 72,000 /yr | |
| 1007 | Studio | 533 sqft | AED 1.11MAED 1,110,000 · Sep 2022September 2022 | 80,000 /yr | |
| 1008 | Studio | 514 sqft | AED 973KAED 972,900 · Jun 2022June 2022 | 69,806 /yr | |
| 1009 | 1-bed | 1,006 sqft | AED 1.41MAED 1,413,600 · Apr 2022April 2022 | ||
| 1010 | 1-bed | 1,007 sqft | AED 1.6MAED 1,600,000 · Jun 2023June 2023 | 150,000 /yr | |
| 1011 | Studio | 521 sqft | AED 1.02MAED 1,020,000 · Nov 2025November 2025 | 80,000 /yr | |
| 1013 | Studio | 542 sqft | AED 1.37MAED 1,370,000 · Oct 2022October 2022 | 65,000 /yr | |
| 1014 | 2-bed | 1,760 sqft | AED 2.84MAED 2,840,000 · Jun 2023June 2023 | 155,000 /yr | |
| 1015 | Studio | 431 sqft | AED 1.44MAED 1,441,800 · Sep 2023September 2023 | 45,000 /yr | |
| 1016 | 2-bed | 1,630 sqft | AED 3.58MAED 3,579,180 · May 2024May 2024 | ||
| 1017 | Studio | 522 sqft | AED 856KAED 856,000 · Mar 2022March 2022 | ||
| 1018 | 1-bed | 810 sqft | AED 1.26MAED 1,258,595 · Feb 2022February 2022 | 145,000 /yr | |
| 1019 | 1-bed | 810 sqft | AED 1.27MAED 1,265,850 · May 2022May 2022 | 90,000 /yr | |
| 1020 | Studio | 526 sqft | AED 1.02MAED 1,015,000 · Apr 2022April 2022 | 12,000 /yr |
1012, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 1 March 2022 for AED 960,000, or AED 1,799 per sqft.
- Rented since January 2026 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 10.4%, before a service charge of about AED 9,300 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 935,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,114 per sqft.
Source: Dubai Land Department. Updated 8 January 2026.
Questions about 1012, Elite Downtown Residence
What did unit 1012 last sell for?
AED 960,000 on 1 March 2022, sold by the developer: AED 1,799 per sqft for 534 sqft. It is the only registered sale of the unit.
What is the rent for unit 1012?
AED 100,000 a year on the contract signed on 8 January 2026.
How big is unit 1012?
534 sqft (49.6 sqm): a studio on the 10th floor of a 23-storey tower completed in 2022.
What is unit 1012 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 935,000 to 1,400,000 in the last 12 months, around AED 2,208 per sqft.
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Mortgage on 1012, Elite Downtown Residence
Starts from the last sale price (AED 960K, 1 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 960,000
- Deposit, UAE resident (20%)
- AED 192,000
- Deposit, non-resident (40%)
- AED 384,000
- Monthly over 25 years at 3.7%
- AED 3,928
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →