117, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 117, Elite Downtown Residence
What is 117 worth today?
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Source: Dubai Land Department. Updated 15 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 1st of 23
- Parking
- B-13
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.03M · May 2022
- Building
- Elite Downtown Residence
About 117, Elite Downtown Residence
117 is a studio of 524 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 30 May 2022 for AED 1,025,000, or AED 1,954 per sqft, 9% above the AED 1,794 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 15 May 2025, is AED 75,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 9,200 a year.
Sales and rents for 117 over time
117 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 117 sits
All 229 studios →117 last sold in May 2022 at AED 1,954 per sqft, 9% above what studios in Elite Downtown Residence were fetching at the time (AED 1,794). 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. 117's AED 75,000 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 1st floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 821 sqft | AED 1.43MAED 1,425,000 · Jun 2022June 2022 | 90,000 /yr | |
| 102 | 1-bed | 806 sqft | AED 1.52MAED 1,518,000 · Feb 2022February 2022 | 82,000 /yr | |
| 103 | Studio | 495 sqft | AED 1.1MAED 1,100,000 · May 2022May 2022 | 90,000 /yr | |
| 104 | 3-bed | 1,616 sqft | AED 3.44MAED 3,436,000 · Oct 2023October 2023 | ||
| 105 | 2-bed | 1,363 sqft | AED 2.29MAED 2,290,000 · Jun 2022June 2022 | ||
| 106 | Studio | 536 sqft | AED 921KAED 920,700 · Jul 2022July 2022 | ||
| 107 | Studio | 531 sqft | AED 956KAED 955,500 · Jun 2022June 2022 | ||
| 108 | Studio | 516 sqft | AED 955KAED 955,000 · Jun 2022June 2022 | ||
| 109 | 1-bed | 1,002 sqft | AED 1.31MAED 1,311,000 · Apr 2022April 2022 | 109,695 /yr | |
| 110 | 1-bed | 1,003 sqft | AED 1.62MAED 1,615,250 · Jun 2022June 2022 | ||
| 111 | Studio | 524 sqft | AED 950KAED 950,000 · May 2022May 2022 | ||
| 112 | Studio | 531 sqft | AED 960KAED 960,000 · May 2022May 2022 | 65,000 /yr | |
| 113 | Studio | 541 sqft | AED 882KAED 882,000 · Aug 2022August 2022 | 68,000 /yr | |
| 114 | 2-bed | 1,760 sqft | AED 1.94MAED 1,943,700 · Jan 2022January 2022 | ||
| 115 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Feb 2025February 2025 | ||
| 116 | 2-bed | 1,628 sqft | AED 3MAED 3,000,000 · Dec 2022December 2022 | ||
| 118 | 1-bed | 807 sqft | AED 1.74MAED 1,738,000 · Oct 2022October 2022 | ||
| 119 | 1-bed | 807 sqft | AED 1.2MAED 1,200,000 · May 2022May 2022 | 105,000 /yr | |
| 120 | Studio | 526 sqft | AED 1.05MAED 1,050,000 · May 2024May 2024 | 72,568 /yr |
117, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 30 May 2022 for AED 1,025,000, or AED 1,954 per sqft.
- Rented since September 2022 on 5 Ejari contracts, from AED 70,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 9,200 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 117, Elite Downtown Residence
What did unit 117 last sell for?
AED 1,025,000 on 30 May 2022, sold by the developer: AED 1,954 per sqft for 524 sqft. It is the only registered sale of the unit.
What is the rent for unit 117?
AED 75,000 a year on the contract signed on 15 May 2025. The previous contract, from May 2025, was AED 75,000; the unit has been rented since September 2022.
How big is unit 117?
524 sqft (48.7 sqm): a studio on the 1st floor of a 23-storey tower completed in 2022.
What is unit 117 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 117, Elite Downtown Residence
Starts from the last sale price (AED 1.03M, 30 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,025,000
- Deposit, UAE resident (20%)
- AED 205,000
- Deposit, non-resident (40%)
- AED 410,000
- Monthly over 25 years at 3.7%
- AED 4,194
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →