503, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Elite Downtown Residence
What is 503 worth today?
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Source: Dubai Land Department. Updated 14 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 495 sqft
- Floor
- 5th of 23
- Parking
- M-16
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 8,600 /yr
- Last sold
- AED 1.06M · April 2022
- Building
- Elite Downtown Residence
About 503, Elite Downtown Residence
503 is a studio of 495 sqft on the 5th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 28 April 2022 for AED 1,059,100, or AED 2,140 per sqft, 24% above the AED 1,723 studios in the building were fetching at the time.
One Ejari contract is registered, from 14 May 2026. The current contract, signed on 14 May 2026, is AED 120,000 a year: a gross yield of 11.3% on the 2022 price, before the service charge of about AED 8,600 a year.
Sales and rents for 503 over time
503 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 503 sits
All 229 studios →503 last sold in April 2022 at AED 2,140 per sqft, 24% above what studios in Elite Downtown Residence were fetching at the time (AED 1,723). 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. 503's AED 120,000 is at the top 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 5th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 821 sqft | AED 1.9MAED 1,900,000 · May 2022May 2022 | ||
| 502 | 1-bed | 806 sqft | AED 2.32MAED 2,317,100 · May 2022May 2022 | ||
| 504 | 3-bed | 1,616 sqft | AED 3.7MAED 3,700,000 · Dec 2022December 2022 | ||
| 505 | 2-bed | 1,363 sqft | AED 2.3MAED 2,300,000 · Dec 2022December 2022 | ||
| 506 | Studio | 536 sqft | AED 931KAED 931,000 · May 2022May 2022 | ||
| 507 | Studio | 531 sqft | AED 950KAED 950,000 · May 2022May 2022 | 120,000 /yr | |
| 508 | Studio | 516 sqft | AED 941KAED 940,500 · Jun 2022June 2022 | ||
| 509 | 1-bed | 1,002 sqft | AED 1.22MAED 1,217,130 · Apr 2022April 2022 | 130,000 /yr | |
| 510 | 1-bed | 1,003 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 511 | Studio | 524 sqft | AED 1.1MAED 1,100,000 · Nov 2023November 2023 | 68,000 /yr | |
| 512 | Studio | 531 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 65,000 /yr | |
| 513 | Studio | 541 sqft | AED 790KAED 790,000 · Aug 2022August 2022 | 70,000 /yr | |
| 514 | 2-bed | 1,760 sqft | AED 2.2MAED 2,198,300 · May 2022May 2022 | 140,000 /yr | |
| 515 | Studio | 433 sqft | AED 1.16MAED 1,160,000 · Oct 2025October 2025 | 60,000 /yr | |
| 516 | 2-bed | 1,628 sqft | AED 2.95MAED 2,947,680 · Sep 2023September 2023 | 130,000 /yr | |
| 517 | Studio | 524 sqft | AED 1.05MAED 1,050,000 · Aug 2025August 2025 | 65,000 /yr | |
| 518 | 1-bed | 807 sqft | AED 1.23MAED 1,228,845 · Feb 2022February 2022 | 145,000 /yr | |
| 519 | 1-bed | 807 sqft | AED 1.6MAED 1,600,000 · Oct 2026October 2026 | 96,864 /yr | |
| 520 | Studio | 526 sqft | AED 750KAED 750,000 · Dec 2021December 2021 | 75,000 /yr |
503, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 28 April 2022 for AED 1,059,100, or AED 2,140 per sqft.
- Rented since May 2026 on one Ejari contract, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 11.3%, before a service charge of about AED 8,600 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 14 May 2026.
Questions about 503, Elite Downtown Residence
What did unit 503 last sell for?
AED 1,059,100 on 28 April 2022, sold by the developer: AED 2,140 per sqft for 495 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 120,000 a year on the contract signed on 14 May 2026.
How big is unit 503?
495 sqft (46.0 sqm): a studio on the 5th floor of a 23-storey tower completed in 2022.
What is unit 503 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 503, Elite Downtown Residence
Starts from the last sale price (AED 1.06M, 28 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,059,100
- Deposit, UAE resident (20%)
- AED 211,820
- Deposit, non-resident (40%)
- AED 423,640
- Monthly over 25 years at 3.7%
- AED 4,333
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →