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1-bed · 1,002 sqftElite Downtown Residence, Downtown Dubai · 3rd floor · completed 2022

309, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 1.51M21 June 2022
Current rentAED 105K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Elite Downtown Residence

What is 309 worth today?

Last sold for AED 1,506,600 in 2022

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1 Nov 2025RentedRenewal
AED 105,000/yr12 months · AED 105 per sqft
1 Nov 2024RentedNew contract
AED 105,000/yr12 months · AED 105 per sqft
21 Jun 2022Sold by developerReady
AED 1,506,600AED 1,503 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
1-bed apartment
Size
1,002 sqft
Floor
3rd of 23
Parking
B-53
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 17,500 /yr
Last sold
AED 1.51M · June 2022
Building
Elite Downtown Residence

About 309, Elite Downtown Residence

309 is a one-bedroom apartment of 1,002 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 21 June 2022 for AED 1,506,600, or AED 1,503 per sqft, 8% below the AED 1,636 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 105,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 17,500 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 2,025,000Sold by developer, June 2022: AED 1,506,600 (AED 1,503 per sqft)

309 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 309, each contractTypical one-bed in Elite Downtown Residence
100K110K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000New contract, November 2024: AED 105,000 a yearRenewal, November 2025: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 309 sits

All 136 1-beds →

309 last sold in June 2022 at AED 1,503 per sqft, 8% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,636). Over the last 12 months one-beds sold for AED 1,600,000 to 2,190,000, around AED 2,513 per sqft, and rent for AED 80,000 to 155,000 a year. 309's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
30 Apr 20262,000,000
9 Dec 20252,190,000
4 Dec 20252,065,000
4 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 3rd floor

All 454 units in Elite Downtown Residence
Value
3011-bedAED 1.28M · Jul 2022
3021-bedAED 2.27M · Sep 2023
303StudioAED 1.16M · Mar 2022
3043-bedAED 3.6M · Jul 2023
3052-bedAED 2.35M · Oct 2023
306StudioAED 995K · Jun 2022
307StudioAED 818K · Jun 2022
1–7 of 19

309, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 21 June 2022 for AED 1,506,600, or AED 1,503 per sqft.
  • Rented since November 2024 on 2 Ejari contracts, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 17,500 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 1,600,000–2,190,000 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 November 2025.

Questions about 309, Elite Downtown Residence

What did unit 309 last sell for?

AED 1,506,600 on 21 June 2022, sold by the developer: AED 1,503 per sqft for 1,002 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 105,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 105,000.

How big is unit 309?

1,002 sqft (93.1 sqm): a one-bedroom apartment on the 3rd floor of a 23-storey tower completed in 2022.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 1,600,000 to 2,190,000 in the last 12 months, around AED 2,513 per sqft.

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Mortgage on 309, Elite Downtown Residence

Starts from the last sale price (AED 1.51M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,506,600
Deposit, UAE resident (20%)
AED 301,320
Deposit, non-resident (40%)
AED 602,640
Monthly over 25 years at 3.7%
AED 6,164

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →