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1-bed · 810 sqftElite Downtown Residence, Downtown Dubai · 12th floor · completed 2022

1218, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in January 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1218 · DLD and Ejari recordsUpdated 25 July 2022
Last soldAED 1.08M21 January 2022
Current rentAED 90K /yr25 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1218, Elite Downtown Residence

What is 1218 worth today?

Last sold for AED 1,082,050 in 2022

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25 Jul 2022RentedNew contract
AED 90,000/yr12 months · AED 111 per sqft
14 Jun 2022RentedNew contract
AED 90,000/yr12 months · AED 111 per sqft
21 Jan 2022Sold by developerOff-plan
AED 1,082,050AED 1,336 per sqft

Source: Dubai Land Department. Updated 25 July 2022.

Key facts

Type
1-bed apartment
Size
810 sqft
Floor
12th of 23
Parking
P2-19
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.08M · January 2022
Building
Elite Downtown Residence

About 1218, Elite Downtown Residence

1218 is a one-bedroom apartment of 810 sqft on the 12th 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 January 2022 for AED 1,082,050, or AED 1,336 per sqft, 14% below the AED 1,554 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 25 July 2022, is AED 90,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 1218 over time

Sales
Unit 1218, each saleTypical one-bed in Elite Downtown Residence
1M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 2,025,000Sold by developer, January 2022: AED 1,082,050 (AED 1,336 per sqft)

1218 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1218, each contractTypical one-bed in Elite Downtown Residence
90K100K110K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000New contract, June 2022: AED 90,000 a yearNew contract, July 2022: AED 90,000 a year

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 1218 sits

All 136 1-beds →

1218 last sold in January 2022 at AED 1,336 per sqft, 14% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,554). 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. 1218's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
30 Apr 20262,000,000
9 Dec 20252,190,000
4 Dec 20252,065,000
4 1-bed 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 12th floor

All 454 units in Elite Downtown Residence
Value
12011-bedAED 1.44M · Feb 2022
12021-bedAED 2.55M · Apr 2022
1203StudioAED 983K · Sep 2021
12043-bedAED 3.9M · Sep 2023
12052-bedAED 2.61M · May 2022
1206StudioAED 1.33M · Oct 2022
1207StudioAED 935K · Jul 2022
1–7 of 19

1218, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 21 January 2022 for AED 1,082,050, or AED 1,336 per sqft.
  • Rented since June 2022 on 2 Ejari contracts, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 14,100 a year (AED 17.47 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 25 July 2022.

Questions about 1218, Elite Downtown Residence

What did unit 1218 last sell for?

AED 1,082,050 on 21 January 2022, sold by the developer: AED 1,336 per sqft for 810 sqft. It is the only registered sale of the unit.

What is the rent for unit 1218?

AED 90,000 a year on the contract signed on 25 July 2022. The previous contract, from June 2022, was AED 90,000.

How big is unit 1218?

810 sqft (75.3 sqm): a one-bedroom apartment on the 12th floor of a 23-storey tower completed in 2022.

What is unit 1218 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 1218, Elite Downtown Residence

Starts from the last sale price (AED 1.08M, 21 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,082,050
Deposit, UAE resident (20%)
AED 216,410
Deposit, non-resident (40%)
AED 432,820
Monthly over 25 years at 3.7%
AED 4,427

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