1-bed · 810 sqftElite Downtown Residence, Downtown Dubai · 7th floor · completed 2022

718, Elite Downtown Residence

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

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Unit 718 · DLD and Ejari recordsUpdated 25 September 2026

Last soldAED 1.25M13 January 2022

Current rentAED 90K /yr25 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 718, Elite Downtown Residence

Today

What is 718 worth today?

Last sold for AED 1,250,000 in 2022

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25 Sep 2026

25 Sep 2026RentedNew contract

AED 90,000/yr12 months · AED 111 per sqft

1 May 2025

1 May 2025RentedNew contract

AED 110,000/yr12 months · AED 136 per sqft

4 Nov 2024

4 Nov 2024RentedNew contract

AED 110,000/yr12 months · AED 136 per sqft

1 Oct 2023

1 Oct 2023RentedRenewal

AED 95,000/yr12 months · AED 117 per sqft

1 Oct 2022

1 Oct 2022RentedNew contract

AED 90,000/yr12 months · AED 111 per sqft

30 May 2022

30 May 2022RentedNew contract

AED 88,000/yr12 months · AED 109 per sqft

13 Jan 2022

13 Jan 2022Sold by developerOff-plan

AED 1,250,000AED 1,544 per sqft

Source: Dubai Land Department. Updated 25 September 2026.

Key facts

Type: 1-bed apartment
Size: 810 sqft
Floor: 7th of 23
Parking: P1-07
Developer: Triplanet Elite Developements
Completed: 2022
Service charge: AED 14,100 /yr
Last sold: AED 1.25M · January 2022
Building: Elite Downtown Residence

About 718, Elite Downtown Residence

718 is a one-bedroom apartment of 810 sqft on the 7th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 13 January 2022 for AED 1,250,000, or AED 1,544 per sqft, in line with the AED 1,554 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 25 September 2026, is AED 90,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 718 over time

Sales

Unit 718, each saleTypical one-bed in Elite Downtown Residence

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

Rents

Unit 718, each contractTypical one-bed in Elite Downtown Residence

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 718 sits

All 136 1-beds →

1-beds in Elite Downtown Residence · last 12 months2,513 /sqft Elite Downtown Residence · all types2,114 /sqft

718 last sold in January 2022 at AED 1,544 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. 718's AED 90,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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 7th floor

All 454 units in Elite Downtown Residence


701	1-bed	824 sqft	AED 2.3MAED 2,295,000 · Aug 2022August 2022	93,844 /yr
702	1-bed	809 sqft	AED 2.07MAED 2,065,000 · Dec 2025December 2025
703	Studio	497 sqft	AED 1.1MAED 1,100,000 · Jul 2026July 2026
704	3-bed	1,616 sqft	AED 4.19MAED 4,185,000 · Jan 2025January 2025	300,000 /yr
705	2-bed	1,366 sqft	AED 2.5MAED 2,500,000 · Aug 2022August 2022
706	Studio	536 sqft	AED 827KAED 826,500 · Apr 2022April 2022	64,000 /yr
707	Studio	533 sqft	AED 1.13MAED 1,130,000 · Aug 2022August 2022	115,000 /yr
708	Studio	514 sqft	AED 828KAED 828,000 · Mar 2022March 2022
709	1-bed	1,006 sqft	AED 1.63MAED 1,625,000 · Jul 2022July 2022	130,000 /yr
710	1-bed	994 sqft	AED 1.25MAED 1,249,000 · Dec 2021December 2021	100,000 /yr
711	Studio	521 sqft	AED 1.17MAED 1,170,400 · Oct 2022October 2022
712	Studio	534 sqft	AED 789KAED 788,640 · Mar 2022March 2022	85,000 /yr
713	Studio	542 sqft	AED 1.17MAED 1,170,000 · Mar 2025March 2025
714	2-bed	1,760 sqft	AED 2.39MAED 2,393,000 · May 2022May 2022
715	Studio	431 sqft	AED 1.2MAED 1,200,000 · Nov 2024November 2024
716	2-bed	1,630 sqft	AED 3.09MAED 3,090,080 · Sep 2023September 2023
717	Studio	522 sqft	AED 835KAED 835,140 · Mar 2022March 2022	75,000 /yr
719	1-bed	810 sqft	AED 1.37MAED 1,370,250 · May 2022May 2022	105,000 /yr
720	Studio	526 sqft	AED 975KAED 975,000 · Jun 2022June 2022	72,000 /yr

1–7 of 19

718, Elite Downtown Residence in numbers

Sold once: by Triplanet Elite Developements on 13 January 2022 for AED 1,250,000, or AED 1,544 per sqft.
Rented since May 2022 on 6 Ejari contracts, from AED 88,000 to AED 90,000 a year.
At AED 90,000 a year the gross yield on the 2022 price is 7.2%, 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 25 September 2026.

Questions about 718, Elite Downtown Residence

What did unit 718 last sell for?

AED 1,250,000 on 13 January 2022, sold by the developer: AED 1,544 per sqft for 810 sqft. It is the only registered sale of the unit.

What is the rent for unit 718?

AED 90,000 a year on the contract signed on 25 September 2026. The previous contract, from May 2025, was AED 110,000; the unit has been rented since May 2022.

How big is unit 718?

810 sqft (75.3 sqm): a one-bedroom apartment on the 7th floor of a 23-storey tower completed in 2022.

What is unit 718 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 718, Elite Downtown Residence

Starts from the last sale price (AED 1.25M, 13 January 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,250,000
Deposit, UAE resident (20%): AED 250,000
Deposit, non-resident (40%): AED 500,000
Monthly over 25 years at 3.7%: AED 5,114

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