Elite Downtown Residence, Downtown Dubai: sale prices and transactions
Elite Downtown Residence is a project registered with the Dubai Land Department (project no. 1403) in Downtown Dubai. Since April 2018, 539 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 27 sales closed at a median AED 21,809 per m² (AED 2,026 per sq ft).
- AED 21,809median price per m²
- AED 2,026median price per sq ft
- 539sales since 2018
- 27sales in 12 months
- -10.5%change year on year
Its price per m² is 31.1% below the Downtown Dubai median (AED 31,650/m²). 82.7% of sales are completed homes: an established project with a resale track record.
Elite Downtown Residence prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 18 | AED 1,090,000 | 49 m² |
| Apartment · 1 bedroom | 4 | AED 2,032,500 | 75 m² |
| Apartment · 2 bedrooms | 5 | AED 2,550,000 | 127 m² |
Elite Downtown Residence price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2021 | 27 | AED 16,764 | AED 1,557 | — |
| 2022 | 331 | AED 20,124 | AED 1,870 | +20% |
| 2023 | 80 | AED 25,733 | AED 2,391 | +27.9% |
| 2024 | 31 | AED 23,634 | AED 2,196 | -8.2% |
| 2025 | 49 | AED 24,069 | AED 2,236 | +1.8% |
| 2026 (to mid-October) | 19 | AED 21,809 | AED 2,026 | -9.4% |
Elite Downtown Residence rents
225 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 6.4%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 121 | AED 70,000 | 63,914 – 80,000 | AED 65,000 |
| Apartment · 1 bedroom | 73 | AED 102,000 | 93,500 – 119,839 | AED 100,000 |
| Apartment · 2 bedrooms | 20 | AED 170,000 | 151,250 – 209,616 | AED 169,496 |
| Apartment · 3 bedrooms | 11 | AED 230,000 | 200,000 – 239,335 | — |
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Downtown Dubai
Same price per m² elsewhere in Dubai
- Vyb, Business Bay — AED 21,786/m²
- Marquise Square Tower, Business Bay — AED 21,810/m²
- Mohammed Bin Rashid Al Maktoum City , District One Phase III , Residences 15, Mohammed Bin Rashid Al Maktoum City District One — AED 21,776/m²
- Maple III, Dubai Hills - Maple 3 — AED 21,810/m²
Other projects in Downtown Dubai
- Bellevue Towers — AED 22,907/m²
- Rp Heights — AED 20,389/m²
- Dd Stand Point — AED 23,932/m²
- Claren 1 — AED 23,977/m²
- Mada Residences Tower — AED 19,577/m²
- Burj Views — AED 19,278/m²
- Dd Boulevard Central — AED 24,426/m²
- Mon Reve — AED 18,837/m²
Downtown Dubai property prices · Downtown Dubai rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Elite Downtown Residence?
Over the last 12 months the median is AED 2,026 per sq ft (AED 21,809 per m²) across 27 DLD sales.
How much is a studio at Elite Downtown Residence?
Median sale price AED 1,090,000 for a median 49 m², across 18 sales over the last 12 months.
How many sales have been registered at Elite Downtown Residence?
539 residential sales registered with the DLD between April 2018 and October 2026, 17.3% of them off-plan.
Where is Elite Downtown Residence?
In Downtown Dubai (DLD area Burj Khalifa), Dubai; nearest metro station per the DLD: Business Bay Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.