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1-bed · 807 sqftElite Downtown Residence, Downtown Dubai · 5th floor · completed 2022

518, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in February 2022, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 1.23M8 February 2022
Current rentAED 145K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, Elite Downtown Residence

What is 518 worth today?

Last sold for AED 1,228,845 in 2022

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1 Jan 2026RentedRenewal
AED 145,000/yr12 months · AED 180 per sqft
8 Feb 2022Sold by developerOff-plan
AED 1,228,845AED 1,522 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
1-bed apartment
Size
807 sqft
Floor
5th of 23
Parking
M-29
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.23M · February 2022
Building
Elite Downtown Residence

About 518, Elite Downtown Residence

518 is a one-bedroom apartment of 807 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 8 February 2022 for AED 1,228,845, or AED 1,522 per sqft, in line with the AED 1,554 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2026. The current contract, renewed on 1 January 2026, is AED 145,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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, February 2022: AED 1,228,845 (AED 1,522 per sqft)

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

Rents
Unit 518, each contractTypical one-bed in Elite Downtown Residence
100K125K150K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000Renewal, January 2026: AED 145,000 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 518 sits

All 136 1-beds →

518 last sold in February 2022 at AED 1,522 per sqft, in line with 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. 518's AED 145,000 is in the upper 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 5th floor

All 454 units in Elite Downtown Residence
Value
5011-bedAED 1.9M · May 2022
5021-bedAED 2.32M · May 2022
503StudioAED 1.06M · Apr 2022
5043-bedAED 3.7M · Dec 2022
5052-bedAED 2.3M · Dec 2022
506StudioAED 931K · May 2022
507StudioAED 950K · May 2022
1–7 of 19

518, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 8 February 2022 for AED 1,228,845, or AED 1,522 per sqft.
  • Rented since January 2026 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 11.8%, 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 1 January 2026.

Questions about 518, Elite Downtown Residence

What did unit 518 last sell for?

AED 1,228,845 on 8 February 2022, sold by the developer: AED 1,522 per sqft for 807 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 145,000 a year on the contract renewed on 1 January 2026.

How big is unit 518?

807 sqft (75.0 sqm): a one-bedroom apartment on the 5th floor of a 23-storey tower completed in 2022.

What is unit 518 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 518, Elite Downtown Residence

Starts from the last sale price (AED 1.23M, 8 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,228,845
Deposit, UAE resident (20%)
AED 245,769
Deposit, non-resident (40%)
AED 491,538
Monthly over 25 years at 3.7%
AED 5,028

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