1512, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1512, Elite Downtown Residence
What is 1512 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 534 sqft
- Floor
- 15th of 23
- Parking
- P2-77
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.21M · June 2022
- Building
- Elite Downtown Residence
About 1512, Elite Downtown Residence
1512 is a studio of 534 sqft on the 15th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 22 June 2022 for AED 1,205,000, or AED 2,258 per sqft, 22% above the AED 1,849 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 85,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 9,300 a year.
Sales and rents for 1512 over time
1512 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 1512 sits
All 229 studios →1512 last sold in June 2022 at AED 2,258 per sqft, 22% above what studios in Elite Downtown Residence were fetching at the time (AED 1,849). 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. 1512's AED 85,000 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 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 | |
| 1508 | Studio | 514 sqft | AED 1.15MAED 1,150,000 · Sep 2025September 2025 | 66,060 /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 | |
| 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 |
1512, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 22 June 2022 for AED 1,205,000, or AED 2,258 per sqft.
- Rented since October 2022 on 3 Ejari contracts, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 9,300 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 1 October 2024.
Questions about 1512, Elite Downtown Residence
What did unit 1512 last sell for?
AED 1,205,000 on 22 June 2022, sold by the developer: AED 2,258 per sqft for 534 sqft. It is the only registered sale of the unit.
What is the rent for unit 1512?
AED 85,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 80,000; the unit has been rented since October 2022.
How big is unit 1512?
534 sqft (49.6 sqm): a studio on the 15th floor of a 23-storey tower completed in 2022.
What is unit 1512 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 1512, Elite Downtown Residence
Starts from the last sale price (AED 1.21M, 22 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,205,000
- Deposit, UAE resident (20%)
- AED 241,000
- Deposit, non-resident (40%)
- AED 482,000
- Monthly over 25 years at 3.7%
- AED 4,930
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →