Elite Downtown Residence

778 units · 2 towers

Elite Downtown Residence is a community in Downtown Dubai, comprising 778 registered units. 538 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,089 per sqft. At AED 2,089 per sqft, Elite Downtown Residence prices 33% below the Downtown Dubai median of AED 3,121 per sqft on registered sales.

PIX© price · ↓9.7% YoY

1.67MAED

Typical

2,089AED

PSF

Gross yield

5.7%

PIX© rent ÷ PIX© price

Sale records

538

DLD · all time

Rent contracts

927

Ejari · all time

Explore locations

2 inside Elite Downtown Residence

Elite Downtown Residence 1

538 sales · 926 rentals

Elite Downtown Residence 2

0 sales · 1 rentals

Location data © OpenStreetMap contributors

SATELLITE

LocationDowntown Dubai

Drive times · typical

Downtown Dubai4 min · 1.4 km

DXB Airport15 min · 16.2 km

DIFC11 min · 5.1 km

Dubai Marina24 min · 23.0 km

Palm Jumeirah24 min · 25.3 km

Nearby · straight-line

Metro stationBusiness Bay1.9 km

MallSouk Al Bahar1 km

SchoolDubai International School2.4 km

HospitalMedcare Orthopaedics & Spine Hospital3.2 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		2.5 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 Residence2,089AED/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	1.67M	2,089	↓9.7%		95K	5.7%
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-Wide538 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
7 Oct 2026	1 Bed	Tower 1 · Floor 5	807	1,600,000	1,982	+10.0%	Standard	Standard Sale
18 Sep 2026	Studio	Tower 1 · Floor 15	431	950,000	2,203	+1.5%	Standard	Standard Sale
18 Sep 2026	Studio	Tower 1 · Floor 6	534	935,000	1,752	+8.7%	Entry Level	Standard Sale

Rentals - Project-Wide927 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
9 Dec 2026	Studio	Tower 1 · Floor 7	526	72,000	137	-	Standard	CONTRACT
2 Nov 2026	1 Bed	Tower 1 · Floor 7	810	105,000	130	-	Standard	CERTIFICATE
2 Nov 2026	3 Bed	Tower 1 · Floor 20	1,616	240,000	149	-	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 41

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	92	—
Inaura Hotels & Residences ARADA DEVELOPMENTS L.L.C S.O.C · U/C · Off-plan pricing	119	36	—
Mercedes Benz Places by Binghatti BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	163	121	—
The Address Residences Dubai Opera Tower 1 EMAAR · Completed · Off-plan pricing	517	119	567
Binghatti Skyblade BINGHATTI DEVELOPERS FZE · U/C · Off-plan pricing	596	567	—
The Address Residences Dubai Opera Tower 2 EMAAR · Completed · Off-plan pricing	450	120	575
The Address Residences Dubai Opera EMAAR · Completed · Off-plan pricing	977	239	1,150
Vida Residences Dubai Mall EMAAR · Completed · Off-plan pricing	760	346	396
Vida Dubai Mall Tower 2 EMAAR · Completed · Off-plan pricing	247	108	136
Downtown Dubai EMAAR · Completed · Off-plan pricing	36,940	7,033	43,453
Grande EMAAR · Completed · Off-plan pricing	1,112	338	1,049

Community median 3,121 AED/sqft. Showing the closest-ranked peers of 41 ranked projects in the community. 9 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.

Bellevue TowersAED 2,066/sqft
Bellevue Tower 1AED 2,066/sqft
BLVD CrescentAED 2,059/sqft
Exquisite Living ResidencesAED 2,166/sqft
BLVD HeightsAED 2,184/sqft
Forte 2AED 1,982/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 2,089 per sqft, or about AED 1,668,443 for a typical unit, based on 538 sales registered with the Dubai Land Department.

What is the rental yield in Elite Downtown Residence?

Elite Downtown Residence yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 927 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 fallen -9.7% over the last 12 months, to AED 2,089, across 538 registered sales.