318, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in December 2021, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 318, Elite Downtown Residence
What is 318 worth today?
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Source: Dubai Land Department. Updated 10 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 807 sqft
- Floor
- 3rd of 23
- Parking
- B-60
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.1M · December 2021
- Building
- Elite Downtown Residence
About 318, Elite Downtown Residence
318 is a one-bedroom apartment of 807 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 19 December 2021 for AED 1,100,000, or AED 1,362 per sqft, 12% below the AED 1,554 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 10 May 2026, is AED 99,750 a year: a gross yield of 9.1% on the 2021 price, before the service charge of about AED 14,100 a year.
Sales and rents for 318 over time
318 has sold once; the dashed line is the one-bed median of each year in the building.
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 318 sits
All 136 1-beds →318 last sold in December 2021 at AED 1,362 per sqft, 12% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,554). 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. 318's AED 99,750 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 807 sqft | 1,600,000 | 1,982 | ||
| 30 Apr 202630 April 2026 | 809 sqft | 2,000,000 | 2,473 | ||
| 9 Dec 20259 December 2025 | 806 sqft | 2,190,000 | 2,717 | ||
| 4 Dec 20254 December 2025 | 809 sqft | 2,065,000 | 2,553 |
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 | |
| 308 | Studio | 516 sqft | AED 875KAED 875,000 · Jun 2022June 2022 | 65,000 /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 | |
| 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 |
318, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 December 2021 for AED 1,100,000, or AED 1,362 per sqft.
- Rented since May 2023 on 5 Ejari contracts, from AED 95,000 to AED 99,750 a year.
- At AED 99,750 a year the gross yield on the 2021 price is 9.1%, before a service charge of about AED 14,100 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 10 May 2026.
Questions about 318, Elite Downtown Residence
What did unit 318 last sell for?
AED 1,100,000 on 19 December 2021, sold by the developer: AED 1,362 per sqft for 807 sqft. It is the only registered sale of the unit.
What is the rent for unit 318?
AED 99,750 a year on the contract renewed on 10 May 2026. The previous contract, from May 2025, was AED 99,750; the unit has been rented since May 2023.
How big is unit 318?
807 sqft (75.0 sqm): a one-bedroom apartment on the 3rd floor of a 23-storey tower completed in 2022.
What is unit 318 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 318, Elite Downtown Residence
Starts from the last sale price (AED 1.1M, 19 December 2021). 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 →