2308, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2308, Elite Downtown Residence
What is 2308 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 23rd of 23
- Parking
- P4-72
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,000 /yr
- Last sold
- AED 1.18M · June 2025
- Building
- Elite Downtown Residence
About 2308, Elite Downtown Residence
2308 is a studio of 514 sqft on the 23rd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 4 June 2025 for AED 1,175,000, or AED 2,284 per sqft, 4% below the AED 2,391 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 June 2026, is AED 60,000 a year: a gross yield of 5.1% on the 2025 price, before the service charge of about AED 9,000 a year.
Sales and rents for 2308 over time
2308 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 2308 sits
All 229 studios →2308 last sold in June 2025 at AED 2,284 per sqft, 4% below what studios in Elite Downtown Residence were fetching at the time (AED 2,391). 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. 2308'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 23rd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 824 sqft | AED 3.21MAED 3,210,800 · Nov 2022November 2022 | ||
| 2302 | 1-bed | 809 sqft | AED 2.25MAED 2,250,000 · Jun 2025June 2025 | ||
| 2303 | Studio | 497 sqft | AED 2.56MAED 2,555,500 · Dec 2022December 2022 | 78,000 /yr | |
| 2304 | 3-bed | 1,616 sqft | AED 4.45MAED 4,453,240 · Sep 2023September 2023 | ||
| 2305 | 2-bed | 1,366 sqft | AED 2.93MAED 2,933,440 · Sep 2023September 2023 | 185,000 /yr | |
| 2306 | Studio | 536 sqft | AED 1.17MAED 1,170,000 · Feb 2025February 2025 | 60,000 /yr | |
| 2307 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 65,000 /yr | |
| 2309 | 1-bed | 1,006 sqft | AED 2.28MAED 2,281,600 · Nov 2022November 2022 | ||
| 2310 | 1-bed | 1,007 sqft | AED 2.31MAED 2,310,750 · Jul 2022July 2022 | ||
| 2311 | Studio | 521 sqft | AED 1.5MAED 1,500,000 · Feb 2023February 2023 | ||
| 2312 | Studio | 534 sqft | AED 1.42MAED 1,419,600 · Jan 2023January 2023 | 80,000 /yr | |
| 2313 | Studio | 542 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 88,000 /yr | |
| 2314 | 2-bed | 1,760 sqft | AED 3.12MAED 3,122,120 · Sep 2023September 2023 | ||
| 2315 | Studio | 431 sqft | AED 1.34MAED 1,336,500 · Jan 2025January 2025 | ||
| 2316 | 2-bed | 1,630 sqft | AED 4.54MAED 4,543,337 · Apr 2022April 2022 | 170,000 /yr | |
| 2317 | Studio | 522 sqft | AED 2.46MAED 2,460,500 · Dec 2022December 2022 | ||
| 2318 | 1-bed | 810 sqft | AED 2.71MAED 2,712,000 · May 2023May 2023 | ||
| 2319 | 1-bed | 810 sqft | AED 2.62MAED 2,615,800 · May 2023May 2023 | 155,000 /yr | |
| 2320 | Studio | 526 sqft | AED 1.78MAED 1,781,000 · May 2023May 2023 |
2308, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 4 June 2025 for AED 1,175,000, or AED 2,284 per sqft.
- Rented since September 2022 on 3 Ejari contracts, from AED 63,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 5.1%, 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 1 June 2026.
Questions about 2308, Elite Downtown Residence
What did unit 2308 last sell for?
AED 1,175,000 on 4 June 2025, sold by the developer: AED 2,284 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 2308?
AED 60,000 a year on the contract signed on 1 June 2026. The previous contract, from September 2023, was AED 66,150; the unit has been rented since September 2022.
How big is unit 2308?
514 sqft (47.8 sqm): a studio on the 23rd floor of a 23-storey tower completed in 2022.
What is unit 2308 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 2308, Elite Downtown Residence
Starts from the last sale price (AED 1.18M, 4 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,175,000
- Deposit, UAE resident (20%)
- AED 235,000
- Deposit, non-resident (40%)
- AED 470,000
- Monthly over 25 years at 3.7%
- AED 4,807
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →