Elite Downtown Residence

Elite DownTown Residence is a 30-storey residential complex with premium amenities located in Downtown Dubai, which is in close proximity to the Burj Khalifa, The Dubai Mall and other iconic landmarks in the emirate. The skyscraper, created by Triplanet Range Developments Company LLC, was completed in early 2022.

Elite DownTown Residence includes more than 400 luxury residences ranging in size from 419 sq. ft to 1,614 sq. ft, including studios and apartments with 1-3 bedroom layouts. All apartments have premium finishes, including Italian tiled floors, and come fully furnished, with fully equipped kitchens that  include top-of-the-line appliances. The residences also have panoramic floor-to-ceiling windows overlooking the Burj Khalifa, Dubai Fountains and the Dubai Canal.

Residents will be able to relax on their spacious terraces after a busy day, admiring the sunset, or look out onto the evening lights of Dubai. At the same time, a select few owners of some of the residences in Elite DownTown Residence will be able enjoy the highest light and music fountain show on the planet without having to leave their homes.

Residents of Elite DownTown Residence will have access to a range of premium services and amenities, including:

• 5-star, temperature-controlled infinity pool overlooking the panorama of Dubai, complete with a sunbathing area and changing booths.
• Steam room and sauna
• Gym
• Outdoor jacuzzi
• Wellness club
• Children’s play area at podium level
• Children’s pool
• Stores and F&B venues on the first floor
• 5-level parking with dedicated spaces for each residence

A full technical service is also provided in the residential complex, in case of any service issues, specialists are on hand to assist in solving them in the shortest possible time.

The initial selling price of 1-bedroom apartments in Elite DownTown Residence is set at AED 1,736,000 (USD 473,000) and all residences are fully finished and ready to move into.

Apartments in Elite DownTown Residence are freehold and available for purchase by citizens of all nationalities. Real estate in this residential complex in Downtown Dubai is a perfect option for those who prefer to live a luxurious lifestyle in one of the most prestigious and vibrant areas of Dubai, and for investors who want to receive a stable passive income.

Downtown Dubai is the tourist hub of Dubai and attracts visitors from all over the world. Thanks to its developed infrastructure, world-class attractions and entertainment, there is a consistent high demand for long-term and short-term rentals in this area of the city, and the average ROI for apartments here is from 5.4%.

According to a Bayut & dubizzle report, in 2021, Downtown Dubai ranked second among all areas of the emirate in terms of the number of luxury apartments for rent. And throughout last year (2020), rental prices here have grown by 26%, indicating high prospects of increased income for real estate investors.

Apartments in Elite DownTown Residence are available for short-term rentals, which traditionally bring higher profits. The annual rental price of 1-bedroom apartments in this complex is AED 70,000 (USD 19,000). Given the minimum purchase price for the same type of property an investor can expect an ROI of up to 8%.

If you would like to purchase a property in Elite DownTown Residence or would like to learn more about the project, feel free to call us or leave a request on our website. The experts at Metropolitan Premium Properties will answer any questions you may have and will help you choose the right apartment for your needs. If necessary, we will help you to arrange a mortgage with one of the local banks. We are also ready to handle the management of the property, including finding a tenant, executing the contract and monitoring the timely receipt of rental payments.