Studio · 431 sqftElite Downtown Residence, Downtown Dubai · 8th floor · completed 2022

815, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 815 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 1.28M12 September 2023
Current rentAED 50K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 815, Elite Downtown Residence

What is 815 worth today?

Last sold for AED 1,278,040 in 2023

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1 Oct 2026RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
12 Sep 2023Sold by developerReady
AED 1,278,040AED 2,963 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
8th of 23
Parking
P1-21
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 7,500 /yr
Last sold
AED 1.28M · September 2023

About 815, Elite Downtown Residence

815 is a studio of 431 sqft on the 8th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 12 September 2023 for AED 1,278,040, or AED 2,963 per sqft, 17% above the AED 2,522 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2026. The current contract, signed on 1 October 2026, is AED 50,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 7,500 a year.

Sales and rents for 815 over time

Sales
Unit 815, each saleTypical studio in Elite Downtown Residence
1M1.25M2021202320252027Typical sale price by year: 2021 AED 867,000; 2022 AED 1,017,425; 2023 AED 1,331,440; 2024 AED 1,255,000; 2025 AED 1,150,000; 2026 AED 1,090,000Sold by developer, September 2023: AED 1,278,040 (AED 2,963 per sqft)

815 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 815, each contractTypical studio in Elite Downtown Residence
60K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 78,000; 2026 AED 69,632New contract, October 2026: AED 50,000 a year

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 815 sits

All 229 studios →

815 last sold in September 2023 at AED 2,963 per sqft, 17% above what studios in Elite Downtown Residence were fetching at the time (AED 2,522). 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. 815's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Sep 2026935,000
18 Sep 2026950,000
30 Jul 20261,100,000
23 Jul 20261,230,000
18 studio 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 8th floor

All 454 units in Elite Downtown Residence
Value
8011-bedAED 2.55M · Jul 2022
8021-bedAED 2.81M · Jul 2022
803StudioAED 1.38M · May 2022
8043-bedAED 3.68M · Sep 2023
8052-bedAED 2.58M · Mar 2026
806StudioAED 856K · Mar 2022
807StudioAED 760K · Nov 2021
1–7 of 19

815, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 12 September 2023 for AED 1,278,040, or AED 2,963 per sqft.
  • Rented since October 2026 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 7,500 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 1 October 2026.

Questions about 815, Elite Downtown Residence

What did unit 815 last sell for?

AED 1,278,040 on 12 September 2023, sold by the developer: AED 2,963 per sqft for 431 sqft. It is the only registered sale of the unit.

What is the rent for unit 815?

AED 50,000 a year on the contract signed on 1 October 2026.

How big is unit 815?

431 sqft (40.0 sqm): a studio on the 8th floor of a 23-storey tower completed in 2022.

What is unit 815 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 815, Elite Downtown Residence

Starts from the last sale price (AED 1.28M, 12 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,278,040
Deposit, UAE resident (20%)
AED 255,608
Deposit, non-resident (40%)
AED 511,216
Monthly over 25 years at 3.7%
AED 5,229

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