118, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Elite Downtown Residence
What is 118 worth today?
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Source: Dubai Land Department. Updated 19 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 807 sqft
- Floor
- 1st of 23
- Parking
- B-14
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.74M · October 2022
- Building
- Elite Downtown Residence
About 118, Elite Downtown Residence
118 is a one-bedroom apartment of 807 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 19 October 2022 for AED 1,738,000, or AED 2,153 per sqft, 24% above the AED 1,732 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 118 over time
118 has sold once; the dashed line is the one-bed median of each year in the building.
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 118 sits
All 136 1-beds →118 last sold in October 2022 at AED 2,153 per sqft, 24% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,732). 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.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 807 sqft | 1,600,000 | 1,982 | ||
| 30 Apr 202630 April 2026 | 809 sqft | 2,000,000 | 2,473 | ||
| 9 Dec 20259 December 2025 | 806 sqft | 2,190,000 | 2,717 | ||
| 4 Dec 20254 December 2025 | 809 sqft | 2,065,000 | 2,553 |
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 | ||
| 117 | Studio | 524 sqft | AED 1.03MAED 1,025,000 · May 2022May 2022 | 75,000 /yr | |
| 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 |
118, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 October 2022 for AED 1,738,000, or AED 2,153 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 19 October 2022.
Questions about 118, Elite Downtown Residence
What did unit 118 last sell for?
AED 1,738,000 on 19 October 2022, sold by the developer: AED 2,153 per sqft for 807 sqft. It is the only registered sale of the unit.
How big is unit 118?
807 sqft (75.0 sqm): a one-bedroom apartment on the 1st floor of a 23-storey tower completed in 2022.
What is unit 118 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 118, Elite Downtown Residence
Starts from the last sale price (AED 1.74M, 19 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,738,000
- Deposit, UAE resident (20%)
- AED 347,600
- Deposit, non-resident (40%)
- AED 695,200
- Monthly over 25 years at 3.7%
- AED 7,111
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →