308, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Elite Downtown Residence
What is 308 worth today?
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Source: Dubai Land Department. Updated 3 July 2022.
Key facts
- Type
- Studio apartment
- Size
- 516 sqft
- Floor
- 3rd of 23
- Parking
- B-50
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,000 /yr
- Last sold
- AED 875K · June 2022
- Building
- Elite Downtown Residence
About 308, Elite Downtown Residence
308 is a studio of 516 sqft on the 3rd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 9 June 2022 for AED 875,000, or AED 1,694 per sqft, 7% below the AED 1,814 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 July 2022. The current contract, signed on 3 July 2022, is AED 65,000 a year: a gross yield of 7.4% on the 2022 price, before the service charge of about AED 9,000 a year.
Sales and rents for 308 over time
308 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 308 sits
All 229 studios →308 last sold in June 2022 at AED 1,694 per sqft, 7% below what studios in Elite Downtown Residence were fetching at the time (AED 1,814). 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. 308's AED 65,000 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 3rd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 821 sqft | AED 1.28MAED 1,283,100 · Jul 2022July 2022 | 110,000 /yr | |
| 302 | 1-bed | 806 sqft | AED 2.27MAED 2,274,840 · Sep 2023September 2023 | 110,000 /yr | |
| 303 | Studio | 495 sqft | AED 1.16MAED 1,159,150 · Mar 2022March 2022 | ||
| 304 | 3-bed | 1,616 sqft | AED 3.6MAED 3,600,000 · Jul 2023July 2023 | 230,000 /yr | |
| 305 | 2-bed | 1,363 sqft | AED 2.35MAED 2,350,000 · Oct 2023October 2023 | ||
| 306 | Studio | 536 sqft | AED 995KAED 995,000 · Jun 2022June 2022 | ||
| 307 | Studio | 531 sqft | AED 818KAED 817,800 · Jun 2022June 2022 | 75,000 /yr | |
| 309 | 1-bed | 1,002 sqft | AED 1.51MAED 1,506,600 · Jun 2022June 2022 | 105,000 /yr | |
| 310 | 1-bed | 1,003 sqft | AED 1.66MAED 1,660,000 · Dec 2024December 2024 | 125,000 /yr | |
| 311 | Studio | 524 sqft | AED 875KAED 875,000 · Jun 2022June 2022 | 76,000 /yr | |
| 312 | Studio | 531 sqft | AED 910KAED 910,000 · Mar 2022March 2022 | 64,826 /yr | |
| 313 | Studio | 541 sqft | AED 1.29MAED 1,290,000 · May 2023May 2023 | 75,000 /yr | |
| 314 | 2-bed | 1,760 sqft | AED 2.52MAED 2,523,000 · Sep 2022September 2022 | 169,496 /yr | |
| 315 | Studio | 433 sqft | AED 1.05MAED 1,051,600 · Sep 2022September 2022 | ||
| 316 | 2-bed | 1,628 sqft | AED 3.37MAED 3,370,000 · Oct 2022October 2022 | ||
| 317 | Studio | 524 sqft | AED 903KAED 902,500 · Apr 2022April 2022 | 72,000 /yr | |
| 318 | 1-bed | 807 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 99,750 /yr | |
| 319 | 1-bed | 807 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 80,000 /yr | |
| 320 | Studio | 526 sqft | AED 816KAED 816,000 · Jul 2022July 2022 |
308, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 9 June 2022 for AED 875,000, or AED 1,694 per sqft.
- Rented since July 2022 on one Ejari contract, at AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2022 price is 7.4%, 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 3 July 2022.
Questions about 308, Elite Downtown Residence
What did unit 308 last sell for?
AED 875,000 on 9 June 2022, sold by the developer: AED 1,694 per sqft for 516 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 65,000 a year on the contract signed on 3 July 2022.
How big is unit 308?
516 sqft (47.9 sqm): a studio on the 3rd floor of a 23-storey tower completed in 2022.
What is unit 308 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 308, Elite Downtown Residence
Starts from the last sale price (AED 875K, 9 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 875,000
- Deposit, UAE resident (20%)
- AED 175,000
- Deposit, non-resident (40%)
- AED 350,000
- Monthly over 25 years at 3.7%
- AED 3,580
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →