1220, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1220, Elite Downtown Residence
What is 1220 worth today?
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Source: Dubai Land Department. Updated 28 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 12th of 23
- Parking
- P2-21
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 1.32M · May 2023
- Building
- Elite Downtown Residence
About 1220, Elite Downtown Residence
1220 is a studio of 526 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 4 May 2023 for AED 1,322,100, or AED 2,515 per sqft, 14% above the AED 2,202 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 28 January 2025, is AED 96,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1220 over time
1220 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 1220 sits
All 229 studios →1220 last sold in May 2023 at AED 2,515 per sqft, 14% above what studios in Elite Downtown Residence were fetching at the time (AED 2,202). 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. 1220's AED 96,000 is in the upper 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 12th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 824 sqft | AED 1.44MAED 1,443,050 · Feb 2022February 2022 | 104,000 /yr | |
| 1202 | 1-bed | 809 sqft | AED 2.55MAED 2,545,000 · Apr 2022April 2022 | 99,000 /yr | |
| 1203 | Studio | 497 sqft | AED 983KAED 983,000 · Sep 2021September 2021 | 72,000 /yr | |
| 1204 | 3-bed | 1,616 sqft | AED 3.9MAED 3,898,200 · Sep 2023September 2023 | 218,182 /yr | |
| 1205 | 2-bed | 1,366 sqft | AED 2.61MAED 2,610,000 · May 2022May 2022 | 150,000 /yr | |
| 1206 | Studio | 536 sqft | AED 1.33MAED 1,325,000 · Oct 2022October 2022 | 70,000 /yr | |
| 1207 | Studio | 533 sqft | AED 935KAED 935,300 · Jul 2022July 2022 | 80,000 /yr | |
| 1208 | Studio | 514 sqft | AED 1MAED 1,000,450 · Jun 2022June 2022 | 86,400 /yr | |
| 1209 | 1-bed | 994 sqft | AED 1.3MAED 1,300,234 · Mar 2022March 2022 | 100,000 /yr | |
| 1210 | 1-bed | 1,007 sqft | AED 1.28MAED 1,284,120 · Apr 2022April 2022 | 93,000 /yr | |
| 1211 | Studio | 521 sqft | AED 1.17MAED 1,165,000 · Aug 2022August 2022 | ||
| 1212 | Studio | 534 sqft | AED 1.34MAED 1,343,450 · Nov 2022November 2022 | 70,000 /yr | |
| 1213 | Studio | 542 sqft | AED 1.2MAED 1,200,000 · Aug 2022August 2022 | 70,000 /yr | |
| 1214 | 2-bed | 1,760 sqft | AED 2.4MAED 2,400,000 · Aug 2022August 2022 | 155,000 /yr | |
| 1215 | Studio | 431 sqft | AED 1.24MAED 1,235,000 · Oct 2024October 2024 | 65,000 /yr | |
| 1216 | 2-bed | 1,630 sqft | AED 3.41MAED 3,410,480 · Sep 2023September 2023 | 195,000 /yr | |
| 1217 | Studio | 522 sqft | AED 1.05MAED 1,048,000 · May 2026May 2026 | ||
| 1218 | 1-bed | 810 sqft | AED 1.08MAED 1,082,050 · Jan 2022January 2022 | 90,000 /yr | |
| 1219 | 1-bed | 810 sqft | AED 1.4MAED 1,400,600 · Apr 2022April 2022 | 100,000 /yr |
1220, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 4 May 2023 for AED 1,322,100, or AED 2,515 per sqft.
- Rented since January 2025 on 2 Ejari contracts, at AED 96,000 a year.
- At AED 96,000 a year the gross yield on the 2023 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 28 January 2025.
Questions about 1220, Elite Downtown Residence
What did unit 1220 last sell for?
AED 1,322,100 on 4 May 2023, sold by the developer: AED 2,515 per sqft for 526 sqft. It is the only registered sale of the unit.
What is the rent for unit 1220?
AED 96,000 a year on the contract renewed on 28 January 2025. The previous contract, from January 2025, was AED 96,000.
How big is unit 1220?
526 sqft (48.9 sqm): a studio on the 12th floor of a 23-storey tower completed in 2022.
What is unit 1220 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 1220, Elite Downtown Residence
Starts from the last sale price (AED 1.32M, 4 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,322,100
- Deposit, UAE resident (20%)
- AED 264,420
- Deposit, non-resident (40%)
- AED 528,840
- Monthly over 25 years at 3.7%
- AED 5,409
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →