206, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 206, Elite Downtown Residence
What is 206 worth today?
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Source: Dubai Land Department. Updated 27 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 536 sqft
- Floor
- 2nd of 23
- Parking
- B-20
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,400 /yr
- Last sold
- AED 990K · June 2022
- Building
- Elite Downtown Residence
About 206, Elite Downtown Residence
206 is a studio of 536 sqft on the 2nd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 6 June 2022 for AED 990,000, or AED 1,845 per sqft, in line with the AED 1,810 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 27 March 2025, is AED 94,500 a year: a gross yield of 9.6% on the 2022 price, before the service charge of about AED 9,400 a year.
Sales and rents for 206 over time
206 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 206 sits
All 229 studios →206 last sold in June 2022 at AED 1,845 per sqft, in line with what studios in Elite Downtown Residence were fetching at the time (AED 1,810). 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. 206's AED 94,500 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 2nd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 821 sqft | AED 2.27MAED 2,273,112 · Mar 2024March 2024 | 80,000 /yr | |
| 202 | 1-bed | 806 sqft | AED 1.55MAED 1,545,840 · Feb 2022February 2022 | 95,000 /yr | |
| 203 | Studio | 495 sqft | AED 1.31MAED 1,310,000 · Sep 2024September 2024 | ||
| 204 | 3-bed | 1,616 sqft | AED 3.34MAED 3,335,720 · Sep 2023September 2023 | 80,000 /yr | |
| 205 | 2-bed | 1,363 sqft | AED 2.38MAED 2,384,000 · Dec 2022December 2022 | ||
| 207 | Studio | 531 sqft | AED 1.1MAED 1,100,000 · Mar 2024March 2024 | 60,000 /yr | |
| 208 | Studio | 516 sqft | AED 780KAED 780,000 · Mar 2022March 2022 | 66,000 /yr | |
| 209 | 1-bed | 1,002 sqft | AED 1.65MAED 1,650,000 · Dec 2024December 2024 | 110,000 /yr | |
| 210 | 1-bed | 1,003 sqft | AED 1.53MAED 1,525,500 · Jun 2022June 2022 | 125,000 /yr | |
| 211 | Studio | 524 sqft | AED 1.21MAED 1,212,112 · Apr 2024April 2024 | 85,000 /yr | |
| 212 | Studio | 531 sqft | AED 935KAED 935,000 · May 2022May 2022 | 60,000 /yr | |
| 213 | Studio | 541 sqft | AED 802KAED 801,655 · Feb 2022February 2022 | 110,000 /yr | |
| 214 | 2-bed | 1,760 sqft | AED 1.97MAED 1,970,000 · Mar 2022March 2022 | 145,000 /yr | |
| 215 | Studio | 433 sqft | AED 860KAED 860,000 · Jun 2022June 2022 | 85,000 /yr | |
| 216 | 2-bed | 1,628 sqft | AED 2.85MAED 2,850,000 · Apr 2023April 2023 | ||
| 217 | Studio | 524 sqft | AED 1.18MAED 1,182,500 · Aug 2023August 2023 | 82,000 /yr | |
| 218 | 1-bed | 807 sqft | AED 1.76MAED 1,760,000 · Jul 2022July 2022 | 102,000 /yr | |
| 219 | 1-bed | 807 sqft | AED 1.25MAED 1,250,000 · Mar 2022March 2022 | 110,000 /yr | |
| 220 | Studio | 526 sqft | AED 1MAED 1,000,000 · May 2022May 2022 | 75,000 /yr |
206, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 6 June 2022 for AED 990,000, or AED 1,845 per sqft.
- Rented since July 2022 on 4 Ejari contracts, from AED 65,000 to AED 94,500 a year.
- At AED 94,500 a year the gross yield on the 2022 price is 9.6%, before a service charge of about AED 9,400 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 27 March 2025.
Questions about 206, Elite Downtown Residence
What did unit 206 last sell for?
AED 990,000 on 6 June 2022, sold by the developer: AED 1,845 per sqft for 536 sqft. It is the only registered sale of the unit.
What is the rent for unit 206?
AED 94,500 a year on the contract renewed on 27 March 2025. The previous contract, from March 2024, was AED 90,000; the unit has been rented since July 2022.
How big is unit 206?
536 sqft (49.8 sqm): a studio on the 2nd floor of a 23-storey tower completed in 2022.
What is unit 206 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 206, Elite Downtown Residence
Starts from the last sale price (AED 990K, 6 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 990,000
- Deposit, UAE resident (20%)
- AED 198,000
- Deposit, non-resident (40%)
- AED 396,000
- Monthly over 25 years at 3.7%
- AED 4,050
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →