207, Elite Downtown Residence
Sold prices and rental history: sold twice, last in March 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 207, Elite Downtown Residence
What is 207 worth today?
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Source: Dubai Land Department. Updated 11 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 531 sqft
- Floor
- 2nd of 23
- Parking
- B-22
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.1M · March 2024
- Building
- Elite Downtown Residence
About 207, Elite Downtown Residence
207 is a studio of 531 sqft on the 2nd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 11 March 2024 for AED 1,100,000, or AED 2,072 per sqft, 18% below the AED 2,515 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 18 August 2023, is AED 60,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 9,300 a year.
Sales and rents for 207 over time
207 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 207 sits
All 229 studios →207 last sold in March 2024 at AED 2,072 per sqft, 18% below what studios in Elite Downtown Residence were fetching at the time (AED 2,515). 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. 207's AED 60,000 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 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 | ||
| 206 | Studio | 536 sqft | AED 990KAED 990,000 · Jun 2022June 2022 | 94,500 /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 |
207, Elite Downtown Residence in numbers
- Sold twice: first on 18 March 2022 for AED 791,788, last on 11 March 2024 for AED 1,100,000 (AED 2,072 per sqft).
- Rented since August 2022 on 2 Ejari contracts, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 5.5%, 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 11 March 2024.
Questions about 207, Elite Downtown Residence
What did unit 207 last sell for?
AED 1,100,000 on 11 March 2024: AED 2,072 per sqft for 531 sqft. The unit has 2 registered sales; the first was AED 791,788 in March 2022.
What is the rent for unit 207?
AED 60,000 a year on the contract renewed on 18 August 2023. The previous contract, from August 2022, was AED 60,000.
How big is unit 207?
531 sqft (49.3 sqm): a studio on the 2nd floor of a 23-storey tower completed in 2022.
What is unit 207 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 207, Elite Downtown Residence
Starts from the last sale price (AED 1.1M, 11 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →