1508, Elite Downtown Residence
Sold prices and rental history: sold twice, last in September 2025, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Elite Downtown Residence
What is 1508 worth today?
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Source: Dubai Land Department. Updated 11 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 15th of 23
- Parking
- P2-73
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,000 /yr
- Last sold
- AED 1.15M · September 2025
- Building
- Elite Downtown Residence
About 1508, Elite Downtown Residence
1508 is a studio of 514 sqft on the 15th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 11 September 2025 for AED 1,150,000, or AED 2,236 per sqft, 3% below the AED 2,307 studios in the building were fetching at the time.
One Ejari contract is registered, from 4 April 2024. The current contract, signed on 4 April 2024, is AED 66,060 a year: a gross yield of 5.7% on the 2025 price, before the service charge of about AED 9,000 a year.
Sales and rents for 1508 over time
1508 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 1508 sits
All 229 studios →1508 last sold in September 2025 at AED 2,236 per sqft, 3% below what studios in Elite Downtown Residence were fetching at the time (AED 2,307). 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. 1508's AED 66,060 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 15th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 824 sqft | AED 1.66MAED 1,656,000 · Apr 2022April 2022 | 80,000 /yr | |
| 1502 | 1-bed | 809 sqft | AED 2.59MAED 2,585,000 · May 2022May 2022 | ||
| 1503 | Studio | 497 sqft | AED 1.86MAED 1,862,250 · Jul 2022July 2022 | ||
| 1504 | 3-bed | 1,616 sqft | AED 4.9MAED 4,900,000 · Apr 2024April 2024 | ||
| 1505 | 2-bed | 1,366 sqft | AED 2.67MAED 2,670,000 · Apr 2022April 2022 | 213,000 /yr | |
| 1506 | Studio | 536 sqft | AED 1.18MAED 1,176,450 · Aug 2022August 2022 | ||
| 1507 | Studio | 533 sqft | AED 1.19MAED 1,185,000 · Jun 2022June 2022 | 80,000 /yr | |
| 1509 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | 100,000 /yr | |
| 1510 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Feb 2023February 2023 | 95,000 /yr | |
| 1511 | Studio | 521 sqft | AED 1.09MAED 1,092,500 · Jun 2022June 2022 | 60,000 /yr | |
| 1512 | Studio | 534 sqft | AED 1.21MAED 1,205,000 · Jun 2022June 2022 | 85,000 /yr | |
| 1513 | Studio | 542 sqft | AED 1.32MAED 1,324,800 · Nov 2022November 2022 | ||
| 1514 | 2-bed | 1,760 sqft | AED 2.92MAED 2,924,000 · Feb 2025February 2025 | ||
| 1515 | Studio | 431 sqft | AED 950KAED 950,000 · Sep 2026September 2026 | 80,000 /yr | |
| 1516 | 2-bed | 1,630 sqft | AED 4.7MAED 4,704,500 · Aug 2022August 2022 | ||
| 1517 | Studio | 522 sqft | AED 966KAED 966,000 · Apr 2022April 2022 | 60,000 /yr | |
| 1518 | 1-bed | 810 sqft | AED 1.3MAED 1,301,130 · Feb 2022February 2022 | 145,000 /yr | |
| 1519 | 1-bed | 810 sqft | AED 1.42MAED 1,422,000 · Apr 2022April 2022 | 100,000 /yr | |
| 1520 | Studio | 526 sqft | AED 1.36MAED 1,361,100 · May 2023May 2023 |
1508, Elite Downtown Residence in numbers
- Sold twice: first on 10 August 2022 for AED 1,190,000, last on 11 September 2025 for AED 1,150,000 (AED 2,236 per sqft).
- Rented since April 2024 on one Ejari contract, at AED 66,060 a year.
- At AED 66,060 a year the gross yield on the 2025 price is 5.7%, before a service charge of about AED 9,000 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 11 September 2025.
Questions about 1508, Elite Downtown Residence
What did unit 1508 last sell for?
AED 1,150,000 on 11 September 2025: AED 2,236 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 1,190,000 in August 2022.
What is the rent for unit 1508?
AED 66,060 a year on the contract signed on 4 April 2024.
How big is unit 1508?
514 sqft (47.8 sqm): a studio on the 15th floor of a 23-storey tower completed in 2022.
What is unit 1508 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 1508, Elite Downtown Residence
Starts from the last sale price (AED 1.15M, 11 September 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →