Elite Downtown Residence
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Elite Downtown Residence

About Elite DownTown Residence

1,475,000 AED Starting Price from
1-3BR Available Units
425 Area from
(sq. ft.)
Ready Handover

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.

Property Prices

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.

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Property Information

Location and Transportation

Located in the thriving area of Downtown Dubai (South Ridge), the premium Elite DownTown Residence provides easy accessibility to the rest of the emirate. The complex has convenient access to the Burj Khalifa Blvd, D72 highway, Sheikh Zayed Road, Financial Centre Road, Al Khail Road and is also close to the business centers of Dubai. That being said, areas such as Jumeirah Beach, Zabeel Park, Dubai Design District and Business Bay can all be reached in just 15 minutes by car.

Elite DownTown Residence is also surrounded by plenty of social infrastructure facilities. Within a 10 minute walk from the residential complex are:

  • Bus stops: South Ridge Tower 1 and 2, DAMAC Maison Prive
  • Burj Khalifa and Business Bay metro stations
  • NEW PLANET PHARMACY
  • South Ridge Park
  • Yoga studio and Zoga Yoga Cafe
  • Thai boxing gym
  • The All England Clinic
  • UFC GYM Bay Square Wellness Center
  • Shannon & Raj’s Latin Dance Classes
  • Jumeirah International Nursery, especially important for families with children

In addition, Elite DownTown Residence is located close to iconic attractions, world-class recreational facilities, restaurants, shopping, plus much more. For example, less than half an hour walk away (5-minutes by car) are the following attractions:

  • Dubai Opera
  • The Burj Khalifa
  • The Dubai Fountain
  • The Dubai Mall, the largest shopping and entertainment center in the world, with a wide variety of entertainment. With over 1,200 shops and fashionable restaurants, to the Dubai Aquarium & Underwater Zoo, which is home to over 140 species of marine animals, a VR Park and an ice skating rink.

Travel time to the Burj Al Arab, Palm Jumeirah, Ras al Khor Wildlife Sanctuary and Kite Beach which has surfing and other water sports facilities, is approximately 20 minutes. Dubai International Airport is a 25-minute drive away.

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Economic Appeal

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.

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