Elite Downtown Residence

778 units · 2 towers

Elite Downtown Residence is a community in Downtown Dubai, comprising 778 registered units. 535 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,326 per sqft. At AED 2,326 per sqft, Elite Downtown Residence prices 27% below the Downtown Dubai median of AED 3,173 per sqft on registered sales.

PIX© price · ↑1.4% YoY

1.87MAED

Typical

2,326AED

PSF

Gross yield

5.1%

PIX© rent ÷ PIX© price

Sale records

535

DLD · all time

Rent contracts

873

Ejari · all time

Explore locations

2 inside Elite Downtown Residence

Elite Downtown Residence 1

535 sales · 872 rentals

Elite Downtown Residence 2

0 sales · 1 rentals

SATELLITE

LocationDowntown Dubai

Drive times · typical

Downtown Dubai4 min · 1.1 km

DXB Airport16 min · 16.0 km

DIFC12 min · 5.3 km

Dubai Marina24 min · 22.7 km

Palm Jumeirah25 min · 25.0 km

Nearest · straight-line

Metro stationBurj Khalifa/ Dubai Mall Metro Station1.9 km

MallBay Square by Dubai Retail0.2 km

SchoolJumeirah International Nurseries0.1 km

HospitalDNA Health & Wellness – Downtown0.2 km

Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Building

Floor

Units on floor 2

…

Studio on Floor 2, Tower 1

Size
Record: Jun 2022 to Jan 2026
Owners: 4
Tenants: 3
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	Held	Note
3Tenant 3	18 Jan 2026			Renewal Owner 4
3Tenant 3	18 Jan 2025		12 mo	Owner 4
4Owner 4	22 Apr 2024		2.4 yrs	Current owner Sold with tenant in place
2Tenant 2	19 Jan 2024		12 mo	Owner 3
3Owner 3	15 Sep 2023		7 mo	Sold with tenant in place
1Tenant 1	19 Jan 2023		12 mo	Owner 2
2Owner 2	8 Jun 2022		15 mo
Owner 1 · Undisclosed		—		Acquisition date and price not on record

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

Studio · Floor 2 · Tower 1

Nightly rateAED

Occupancy (237 nights)

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Elite Downtown Residence2,326AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 30 - 1,860 sqft	778	1.87M	2,326	↑1.4%		95K	5.1%
Residential
Studio · Apartment 431 - 622 sqft	382
1 Bed · Apartment 770 - 1,027 sqft	233
2 Bed · Apartment 1,232 - 1,760 sqft	88
3 Bed · Apartment 1,616 - 1,860 sqft	61
Commercial
Shop 522 - 1,448 sqft	12	-	-	-	-	-	-
Warehouse 30 - 105 sqft	2	-	-	-	-	-	-

Sales - Project-Wide535 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
25 Aug 2026	2 Bed	Tower 1 · Floor 20	1,366	2,550,000	1,867	+104.0%	Standard	Standard Sale
30 Jul 2026	Studio	Tower 1 · Floor 7	497	1,100,000	2,213	-12.7%	Standard	Standard Sale
23 Jul 2026	Studio	Tower 1 · Floor 21	526	1,230,000	2,340	+1.2%	Standard	Standard Sale

Rentals - Project-Wide873 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
2 Nov 2026	3 Bed	Tower 1 · Floor 20	1,616	240,000	149	-	Standard	CONTRACT
1 Oct 2026	Studio	Tower 1 · Floor 20	542	12,033	22	-	Entry Level	CERTIFICATE
1 Oct 2026	Studio	Tower 1 · Floor 12	514	86,400	168	-	Premium	CONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

This project

—

Compared with

Baccarat Hotel and Residences

PIX© PSF

—

Rank

—

#1 of 42

Typical price

—

Yield

—

Units

—

Sales

—

Rents

—

Developer

—

SHAMAL ESTATES L.L.C

Handover

—

U/C

Project	Units	Sales	Rents
Baccarat Hotel and Residences SHAMAL ESTATES L.L.C · U/C · Off-plan pricing	98	91	—
Inaura Hotels & Residences ARADA DEVELOPMENTS L.L.C S.O.C · Pre-launch · Off-plan pricing	119	31	—
Mercedes Benz Places by Binghatti BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	163	117	—
Grande EMAAR · Completed · Off-plan pricing	1,112	377	961
Binghatti Skyblade BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	596	560	—
The Address Residences Dubai Opera EMAAR · Completed · Off-plan pricing	977	258	1,073
The Address Residences Dubai Opera Tower 2 EMAAR · Completed · Off-plan pricing	450	130	543
The Address Residences Dubai Opera Tower 1 EMAAR · Completed · Off-plan pricing	517	128	522
Vida Residences Dubai Mall EMAAR · Completed · Off-plan pricing	760	351	328
Vida Dubai Mall Tower 2 EMAAR · Completed · Off-plan pricing	247	109	114
Downtown Dubai EMAAR · Completed · Off-plan pricing	36,970	7,173	42,710

Community median 3,173 AED/sqft. Showing the closest-ranked peers of 42 ranked projects in the community. 8 community projects excluded for insufficient recorded sales. 48 excluded for trading only in the ready market. 8 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Downtown Dubai

The closest-priced registered projects in Downtown Dubai.

Elegance TowerAED 2,364/sqft
Imperial AvenueAED 2,266/sqft
VoltaAED 2,239/sqft
BLVD HeightsAED 2,215/sqft
Exquisite Living ResidencesAED 2,185/sqft
Sofitel Residences DowntownAED 2,480/sqft

Common questions about Elite Downtown Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Elite Downtown Residence cost?

Property in Elite Downtown Residence sells at a current PIX© price of AED 2,326 per sqft, or about AED 1,868,788 for a typical unit, based on 535 sales registered with the Dubai Land Department.

What is the rental yield in Elite Downtown Residence?

Elite Downtown Residence yields 5.1% gross, calculated from current PIX© rent against current PIX© sale price, across 873 registered Ejari contracts.

How many units are in Elite Downtown Residence?

Elite Downtown Residence holds 778 registered units across 2 towers, per the Dubai Land Department unit register.

Have prices in Elite Downtown Residence gone up or down?

Price per sqft has risen +1.4% over the last 12 months, to AED 2,326, across 535 registered sales.