507, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Elite Downtown Residence
What is 507 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 17 August 2022.
Key facts
- Type
- Studio apartment
- Size
- 531 sqft
- Floor
- 5th of 23
- Parking
- M-18
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 950K · May 2022
- Building
- Elite Downtown Residence
About 507, Elite Downtown Residence
507 is a studio of 531 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 23 May 2022 for AED 950,000, or AED 1,789 per sqft, in line with the AED 1,789 studios in the building were fetching at the time.
One Ejari contract is registered, from 17 August 2022. The current contract, signed on 17 August 2022, is AED 120,000 a year: a gross yield of 12.6% on the 2022 price, before the service charge of about AED 9,300 a year.
Sales and rents for 507 over time
507 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 507 sits
All 229 studios →507 last sold in May 2022 at AED 1,789 per sqft, in line with what studios in Elite Downtown Residence were fetching at the time (AED 1,789). 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. 507'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 | ||
| 503 | Studio | 495 sqft | AED 1.06MAED 1,059,100 · Apr 2022April 2022 | 120,000 /yr | |
| 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 | ||
| 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 |
507, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 23 May 2022 for AED 950,000, or AED 1,789 per sqft.
- Rented since August 2022 on one Ejari contract, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 12.6%, before a service charge of about AED 9,300 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 17 August 2022.
Questions about 507, Elite Downtown Residence
What did unit 507 last sell for?
AED 950,000 on 23 May 2022, sold by the developer: AED 1,789 per sqft for 531 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 120,000 a year on the contract signed on 17 August 2022.
How big is unit 507?
531 sqft (49.3 sqm): a studio on the 5th floor of a 23-storey tower completed in 2022.
What is unit 507 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.
Selling 507? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 507, Elite Downtown Residence
Starts from the last sale price (AED 950K, 23 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →