120, Elite Downtown Residence
Sold prices and rental history: sold twice, last in May 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 120, Elite Downtown Residence
What is 120 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 7 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 1st of 23
- Parking
- B-16
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.05M · May 2024
- Building
- Elite Downtown Residence
About 120, Elite Downtown Residence
120 is a studio of 526 sqft on the 1st floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 28 May 2024 for AED 1,050,000, or AED 1,997 per sqft, 19% below the AED 2,479 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 7 August 2026, is AED 72,568 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 9,200 a year.
Sales and rents for 120 over time
120 has sold twice; 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 120 sits
All 229 studios →120 last sold in May 2024 at AED 1,997 per sqft, 19% below what studios in Elite Downtown Residence were fetching at the time (AED 2,479). 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. 120's AED 72,568 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 | ||
| 117 | Studio | 524 sqft | AED 1.03MAED 1,025,000 · May 2022May 2022 | 75,000 /yr | |
| 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, Elite Downtown Residence in numbers
- Sold twice: first on 17 May 2022 for AED 975,000, last on 28 May 2024 for AED 1,050,000 (AED 1,997 per sqft).
- Rented since August 2025 on 2 Ejari contracts, from AED 79,786 to AED 72,568 a year.
- At AED 72,568 a year the gross yield on the 2024 price is 6.9%, 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 7 August 2026.
Questions about 120, Elite Downtown Residence
What did unit 120 last sell for?
AED 1,050,000 on 28 May 2024: AED 1,997 per sqft for 526 sqft. The unit has 2 registered sales; the first was AED 975,000 in May 2022.
What is the rent for unit 120?
AED 72,568 a year on the contract signed on 7 August 2026. The previous contract, from August 2025, was AED 79,786.
How big is unit 120?
526 sqft (48.9 sqm): a studio on the 1st floor of a 23-storey tower completed in 2022.
What is unit 120 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.
Selling 120? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 120, Elite Downtown Residence
Starts from the last sale price (AED 1.05M, 28 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →