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Studio · 514 sqftElite Downtown Residence, Downtown Dubai · 11th floor · completed 2022

1108, Elite Downtown Residence

Sold prices and rental history: sold twice, last in January 2026, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 27 January 2026
Last soldAED 1.2M27 January 2026
Current rentAED 140K /yr12 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1108, Elite Downtown Residence

What is 1108 worth today?

Last sold for AED 1,200,000 in 2026

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27 Jan 2026SoldReady
AED 1,200,000AED 2,333 per sqft
12 Feb 2024RentedRenewal
AED 140,000/yr12 months · AED 271 per sqft
12 Feb 2023RentedNew contract
AED 140,000/yr12 months · AED 271 per sqft
23 Jun 2022Sold by developerReady
AED 1,065,900AED 2,072 per sqft

Source: Dubai Land Department. Updated 27 January 2026.

Key facts

Type
Studio apartment
Size
514 sqft
Floor
11th of 23
Parking
P1-73
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 9,000 /yr
Last sold
AED 1.2M · January 2026
Building
Elite Downtown Residence

About 1108, Elite Downtown Residence

1108 is a studio of 514 sqft on the 11th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 27 January 2026 for AED 1,200,000, or AED 2,333 per sqft, 4% above the AED 2,236 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 12 February 2024, is AED 140,000 a year: a gross yield of 11.7% on the 2026 price, before the service charge of about AED 9,000 a year.

Sales and rents for 1108 over time

Sales
Unit 1108, each saleTypical studio in Elite Downtown Residence
1M1.25M2021202320252027Typical sale price by year: 2021 AED 867,000; 2022 AED 1,017,425; 2023 AED 1,331,440; 2024 AED 1,255,000; 2025 AED 1,150,000; 2026 AED 1,090,000Sold by developer, June 2022: AED 1,065,900 (AED 2,072 per sqft)Sold, January 2026: AED 1,200,000 (AED 2,333 per sqft)

1108 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1108, each contractTypical studio in Elite Downtown Residence
100K150K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 78,000; 2026 AED 69,632New contract, February 2023: AED 140,000 a yearRenewal, February 2024: AED 140,000 a year

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 1108 sits

All 229 studios →

1108 last sold in January 2026 at AED 2,333 per sqft, 4% above what studios in Elite Downtown Residence were fetching at the time (AED 2,236). 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. 1108's AED 140,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Sep 2026935,000
18 Sep 2026950,000
30 Jul 20261,100,000
23 Jul 20261,230,000
18 studio 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 11th floor

All 454 units in Elite Downtown Residence
Value
11011-bedAED 1.49M · Apr 2018
11021-bedAED 2.05M · Apr 2022
1103StudioAED 1.64M · May 2022
11052-bedAED 2.51M · Oct 2025
1106StudioAED 1.05M · May 2025
1107StudioAED 1.1M · Jun 2022
11091-bedAED 1.29M · Mar 2022
1–7 of 18

1108, Elite Downtown Residence in numbers

  • Sold twice: first on 23 June 2022 for AED 1,065,900, last on 27 January 2026 for AED 1,200,000 (AED 2,333 per sqft).
  • Rented since February 2023 on 2 Ejari contracts, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2026 price is 11.7%, before a service charge of about AED 9,000 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 27 January 2026.

Questions about 1108, Elite Downtown Residence

What did unit 1108 last sell for?

AED 1,200,000 on 27 January 2026: AED 2,333 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 1,065,900 in June 2022.

What is the rent for unit 1108?

AED 140,000 a year on the contract renewed on 12 February 2024. The previous contract, from February 2023, was AED 140,000.

How big is unit 1108?

514 sqft (47.8 sqm): a studio on the 11th floor of a 23-storey tower completed in 2022.

What is unit 1108 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 1108, Elite Downtown Residence

Starts from the last sale price (AED 1.2M, 27 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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