1111, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1111, Elite Downtown Residence
What is 1111 worth today?
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Source: Dubai Land Department. Updated 15 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 11th of 23
- Parking
- P1-76
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,100 /yr
- Last sold
- AED 915K · April 2022
- Building
- Elite Downtown Residence
About 1111, Elite Downtown Residence
1111 is a studio of 521 sqft on the 11th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 21 April 2022 for AED 915,400, or AED 1,755 per sqft, 3% above the AED 1,701 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 15 May 2025, is AED 70,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 9,100 a year.
Sales and rents for 1111 over time
1111 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 1111 sits
All 229 studios →1111 last sold in April 2022 at AED 1,755 per sqft, 3% above what studios in Elite Downtown Residence were fetching at the time (AED 1,701). 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. 1111's AED 70,000 is in the lower 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 11th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 824 sqft | AED 1.49MAED 1,491,750 · Apr 2018April 2018 | 120,000 /yr | |
| 1102 | 1-bed | 809 sqft | AED 2.05MAED 2,050,000 · Apr 2022April 2022 | 85,000 /yr | |
| 1103 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1105 | 2-bed | 1,366 sqft | AED 2.51MAED 2,510,000 · Oct 2025October 2025 | 165,000 /yr | |
| 1106 | Studio | 536 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | ||
| 1107 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jun 2022June 2022 | 70,000 /yr | |
| 1108 | Studio | 514 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 140,000 /yr | |
| 1109 | 1-bed | 994 sqft | AED 1.29MAED 1,291,634 · Mar 2022March 2022 | 100,000 /yr | |
| 1110 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Mar 2025March 2025 | ||
| 1112 | Studio | 534 sqft | AED 929KAED 929,200 · Apr 2022April 2022 | 65,000 /yr | |
| 1113 | Studio | 542 sqft | AED 930KAED 930,000 · Jun 2022June 2022 | 68,080 /yr | |
| 1114 | 2-bed | 1,760 sqft | AED 2.32MAED 2,322,000 · Apr 2022April 2022 | ||
| 1115 | Studio | 431 sqft | AED 1.28MAED 1,280,000 · Feb 2026February 2026 | 64,000 /yr | |
| 1116 | 2-bed | 1,630 sqft | AED 3.5MAED 3,500,000 · Aug 2024August 2024 | ||
| 1117 | Studio | 522 sqft | AED 1.07MAED 1,070,000 · Apr 2022April 2022 | ||
| 1118 | 1-bed | 810 sqft | AED 1.51MAED 1,505,000 · Apr 2022April 2022 | 97,000 /yr | |
| 1119 | 1-bed | 810 sqft | AED 1.38MAED 1,376,400 · Apr 2022April 2022 | ||
| 1120 | Studio | 526 sqft | AED 1.25MAED 1,250,000 · Jun 2022June 2022 | 65,000 /yr |
1111, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 21 April 2022 for AED 915,400, or AED 1,755 per sqft.
- Rented since May 2024 on 2 Ejari contracts, from AED 65,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 9,100 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 15 May 2025.
Questions about 1111, Elite Downtown Residence
What did unit 1111 last sell for?
AED 915,400 on 21 April 2022, sold by the developer: AED 1,755 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit 1111?
AED 70,000 a year on the contract signed on 15 May 2025. The previous contract, from May 2024, was AED 65,000.
How big is unit 1111?
521 sqft (48.4 sqm): a studio on the 11th floor of a 23-storey tower completed in 2022.
What is unit 1111 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 1111, Elite Downtown Residence
Starts from the last sale price (AED 915K, 21 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 915,400
- Deposit, UAE resident (20%)
- AED 183,080
- Deposit, non-resident (40%)
- AED 366,160
- Monthly over 25 years at 3.7%
- AED 3,745
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →