Downtown Dubai
Elite Downtown Residence
TRIPLANET ELITE DEVELOPEMENTS L.L.C · Selling since 2013 · recent sales mostly resales
Street View imagery near Elite Downtown Residence, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 1,867/sqft
3yr CAGR
-6.1%
5yr projection (1,000 sqft)
AED 2,710,741
AED 1,109,287 to AED 7,766,344, from 8.3 years of this project's own history. A trend, not a forecast.
Confidence
Wide range
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Elite Downtown Residence — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what that size actually sold for in Elite Downtown Residence over the same twelve months. Prices are this project’s own registered sales. Rents marked this building are registered new tenancies in Elite Downtown Residence itself; the rest are homes of the same size in Downtown Dubai, used where Ejari did not name the building.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| Studio | AED 1.15M | AED 74,000/yrthis building · 68 new lets | 6.4% | 21 |
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 23/sqft across 22 buildings, most recently filed for 2023. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 12,042 | AED 61,958 | 6.4% | 5.4% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Due diligence
Price vs. Downtown Dubai median
-31.2%
Priced at or below the area's real median.
Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
1.9 km
Business Bay
Nearest school
2.4 km
Dubai International School
Nearest hospital
1.4 km
Mediclinic
Nearest supermarket
124 m
Spinneys
Metro stations
- Business Bay1.9 km
- Burj Khalifa / Dubai Mall
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