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1-bed · 1,002 sqftElite Downtown Residence, Downtown Dubai · 1st floor · completed 2022

109, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 1.31M17 April 2022
Current rentAED 110K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 109, Elite Downtown Residence

What is 109 worth today?

Last sold for AED 1,311,000 in 2022

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1 Sep 2022RentedNew contract
AED 109,695/yr12 months · AED 110 per sqft
17 Apr 2022Sold by developerReady
AED 1,311,000AED 1,308 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
1-bed apartment
Size
1,002 sqft
Floor
1st of 23
Parking
B-07
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 17,500 /yr
Last sold
AED 1.31M · April 2022
Building
Elite Downtown Residence

About 109, Elite Downtown Residence

109 is a one-bedroom apartment of 1,002 sqft on the 1st floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 17 April 2022 for AED 1,311,000, or AED 1,308 per sqft, 17% below the AED 1,584 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2022. The current contract, signed on 1 September 2022, is AED 109,695 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 17,500 a year.

Sales and rents for 109 over time

Sales
Unit 109, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 2,025,000Sold by developer, April 2022: AED 1,311,000 (AED 1,308 per sqft)

109 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 109, each contractTypical one-bed in Elite Downtown Residence
100K110K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000New contract, September 2022: AED 109,695 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 109 sits

All 136 1-beds →

109 last sold in April 2022 at AED 1,308 per sqft, 17% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,584). Over the last 12 months one-beds sold for AED 1,600,000 to 2,190,000, around AED 2,513 per sqft, and rent for AED 80,000 to 155,000 a year. 109's AED 109,695 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
30 Apr 20262,000,000
9 Dec 20252,190,000
4 Dec 20252,065,000
4 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 454 units in Elite Downtown Residence
Value
1011-bedAED 1.43M · Jun 2022
1021-bedAED 1.52M · Feb 2022
103StudioAED 1.1M · May 2022
1043-bedAED 3.44M · Oct 2023
1052-bedAED 2.29M · Jun 2022
106StudioAED 921K · Jul 2022
107StudioAED 956K · Jun 2022
1–7 of 19

109, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 17 April 2022 for AED 1,311,000, or AED 1,308 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 109,695 a year.
  • At AED 109,695 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 17,500 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 1,600,000–2,190,000 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 1 September 2022.

Questions about 109, Elite Downtown Residence

What did unit 109 last sell for?

AED 1,311,000 on 17 April 2022, sold by the developer: AED 1,308 per sqft for 1,002 sqft. It is the only registered sale of the unit.

What is the rent for unit 109?

AED 109,695 a year on the contract signed on 1 September 2022.

How big is unit 109?

1,002 sqft (93.1 sqm): a one-bedroom apartment on the 1st floor of a 23-storey tower completed in 2022.

What is unit 109 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 1,600,000 to 2,190,000 in the last 12 months, around AED 2,513 per sqft.

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Mortgage on 109, Elite Downtown Residence

Starts from the last sale price (AED 1.31M, 17 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,311,000
Deposit, UAE resident (20%)
AED 262,200
Deposit, non-resident (40%)
AED 524,400
Monthly over 25 years at 3.7%
AED 5,364

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →