515, Elite Downtown Residence
Sold prices and rental history: sold twice, last in October 2025, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Elite Downtown Residence
What is 515 worth today?
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Source: Dubai Land Department. Updated 3 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 5th of 23
- Parking
- M-27
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 7,600 /yr
- Last sold
- AED 1.16M · October 2025
- Building
- Elite Downtown Residence
About 515, Elite Downtown Residence
515 is a studio of 433 sqft on the 5th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 10 October 2025 for AED 1,160,000, or AED 2,677 per sqft, 18% above the AED 2,268 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 3 May 2026, is AED 60,000 a year: a gross yield of 5.2% on the 2025 price, before the service charge of about AED 7,600 a year.
Sales and rents for 515 over time
515 has sold twice; 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 515 sits
All 229 studios →515 last sold in October 2025 at AED 2,677 per sqft, 18% above what studios in Elite Downtown Residence were fetching at the time (AED 2,268). 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. 515's AED 60,000 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 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 | ||
| 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 | |
| 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 |
515, Elite Downtown Residence in numbers
- Sold twice: first on 20 April 2022 for AED 965,000, last on 10 October 2025 for AED 1,160,000 (AED 2,677 per sqft).
- Rented since July 2024 on 2 Ejari contracts, from AED 52,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 5.2%, before a service charge of about AED 7,600 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 3 May 2026.
Questions about 515, Elite Downtown Residence
What did unit 515 last sell for?
AED 1,160,000 on 10 October 2025: AED 2,677 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 965,000 in April 2022.
What is the rent for unit 515?
AED 60,000 a year on the contract signed on 3 May 2026. The previous contract, from July 2024, was AED 52,000.
How big is unit 515?
433 sqft (40.2 sqm): a studio on the 5th floor of a 23-storey tower completed in 2022.
What is unit 515 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 515, Elite Downtown Residence
Starts from the last sale price (AED 1.16M, 10 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,160,000
- Deposit, UAE resident (20%)
- AED 232,000
- Deposit, non-resident (40%)
- AED 464,000
- Monthly over 25 years at 3.7%
- AED 4,746
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →