1311, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1311, Elite Downtown Residence
What is 1311 worth today?
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Source: Dubai Land Department. Updated 23 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 13th of 23
- Parking
- P2-32
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,100 /yr
- Last sold
- AED 1.24M · August 2022
- Building
- Elite Downtown Residence
About 1311, Elite Downtown Residence
1311 is a studio of 521 sqft on the 13th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 11 August 2022 for AED 1,240,000, or AED 2,378 per sqft, 28% above the AED 1,855 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 23 July 2026, is AED 65,000 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 9,100 a year.
Sales and rents for 1311 over time
1311 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 1311 sits
All 229 studios →1311 last sold in August 2022 at AED 2,378 per sqft, 28% above what studios in Elite Downtown Residence were fetching at the time (AED 1,855). 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. 1311's AED 65,000 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 13th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 1-bed | 824 sqft | AED 1.7MAED 1,698,340 · Apr 2022April 2022 | 104,738 /yr | |
| 1302 | 1-bed | 809 sqft | AED 2.08MAED 2,081,000 · Apr 2022April 2022 | 80,000 /yr | |
| 1303 | Studio | 497 sqft | AED 1.35MAED 1,350,000 · Apr 2025April 2025 | ||
| 1304 | 3-bed | 1,616 sqft | AED 4.3MAED 4,300,000 · Mar 2024March 2024 | ||
| 1305 | 2-bed | 1,366 sqft | AED 2.66MAED 2,656,000 · Mar 2023March 2023 | ||
| 1306 | Studio | 536 sqft | AED 1.18MAED 1,179,425 · Aug 2022August 2022 | ||
| 1307 | Studio | 533 sqft | AED 1.18MAED 1,175,000 · Jun 2022June 2022 | ||
| 1308 | Studio | 514 sqft | AED 831KAED 831,250 · Jan 2022January 2022 | ||
| 1309 | 1-bed | 1,006 sqft | AED 1.76MAED 1,762,000 · Jun 2022June 2022 | ||
| 1310 | 1-bed | 1,007 sqft | AED 1.59MAED 1,593,000 · Jun 2022June 2022 | ||
| 1312 | Studio | 534 sqft | AED 1.18MAED 1,175,000 · Aug 2022August 2022 | ||
| 1313 | Studio | 542 sqft | AED 1.23MAED 1,225,000 · Oct 2022October 2022 | 70,000 /yr | |
| 1314 | 2-bed | 1,760 sqft | AED 2.24MAED 2,235,000 · Apr 2022April 2022 | 170,000 /yr | |
| 1315 | Studio | 431 sqft | AED 926KAED 926,250 · Jul 2022July 2022 | 70,000 /yr | |
| 1316 | 2-bed | 1,630 sqft | AED 3.41MAED 3,414,040 · Sep 2023September 2023 | 138,000 /yr | |
| 1317 | Studio | 522 sqft | AED 1.26MAED 1,260,000 · Apr 2025April 2025 | 95,000 /yr | |
| 1318 | 1-bed | 810 sqft | AED 1.37MAED 1,372,400 · Jun 2022June 2022 | ||
| 1319 | 1-bed | 810 sqft | AED 1.51MAED 1,508,337 · Apr 2022April 2022 | 110,000 /yr | |
| 1320 | Studio | 526 sqft | AED 1.05MAED 1,050,000 · May 2022May 2022 | 57,000 /yr |
1311, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 11 August 2022 for AED 1,240,000, or AED 2,378 per sqft.
- Rented since May 2024 on 3 Ejari contracts, from AED 80,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 9,100 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 23 July 2026.
Questions about 1311, Elite Downtown Residence
What did unit 1311 last sell for?
AED 1,240,000 on 11 August 2022, sold by the developer: AED 2,378 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit 1311?
AED 65,000 a year on the contract signed on 23 July 2026. The previous contract, from May 2025, was AED 75,000; the unit has been rented since May 2024.
How big is unit 1311?
521 sqft (48.4 sqm): a studio on the 13th floor of a 23-storey tower completed in 2022.
What is unit 1311 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 1311, Elite Downtown Residence
Starts from the last sale price (AED 1.24M, 11 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,240,000
- Deposit, UAE resident (20%)
- AED 248,000
- Deposit, non-resident (40%)
- AED 496,000
- Monthly over 25 years at 3.7%
- AED 5,073
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →