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Elite Downtown Residence rent: what tenants really pay
Rent in Elite Downtown Residence, Downtown: Studio AED 65,000, 1-bed AED 100,000, 2-bed AED 169,496 a year. These are medians of 226 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 136, against AED 142 across Downtown. About 14 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Elite Downtown Residence: value at AED 136 a sq ft against the Downtown median of 142. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Elite Downtown Residence
- Per sq ft, a Studio here costs 4% less than the Downtown median: AED 136 against AED 142. It is number 3 of 12 Downtown buildings, cheapest first.
- New Studio tenants pay AED 65,000, renewing tenants AED 76,265. For the same home, renewing is more expensive than moving in: a new tenant pays 14% less.
- New-lease rent per sq ft fell 10% on the year, to AED 124 a sq ft.
- About 14 homes are advertised for rent against 226 leases signed in a year: little on the market, so expect less room to negotiate.
- 52 leases end in the next 60 days, so more homes may become available soon.
Rent in Elite Downtown Residence by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| Studio | 65,000 | 76,265 | 73,500 | 526 | 136 | 120 |
| 1-bed | 100,000 | 105,000 | – | 810 | 124 | 75 |
| 2-bed | 169,496 | – | – | 1,630 | 118 | 20 |
Where Elite Downtown Residence is, and the buildings around it
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new Studio tenant in Elite Downtown Residence pays 14% less than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
- For a Studio in this building, new tenants pay less than renewing tenants.
- If you renew, ask for the new-lease price.
- The renewal figure shows what the landlord accepts from tenants he wants to keep.
- Renew or move →
Finding
New-lease rent per sq ft in Elite Downtown Residence fell 10% on the year.
Median new lease, AED a sq ft, by quarter
AED 124 a sq ft in the 12 months to 15 Oct 2026, against AED 137 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
52 leases in Elite Downtown Residence end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Downtown buildings, Studio
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| Dd Stand Point | 70,000 | 447 | 168 | 32 |
| Dd Boulevard Central | 70,000 | 469 | 153 | 34 |
| Upper Crest | 60,000 | 491 | 140 | 35 |
| Claren 1 | 70,000 | 483 | 147 | 31 |
| 29 Boulevard | 72,500 | 475 | 153 | 50 |
| Burj Al Nujoom | 55,000 | 452 | 124 | 107 |
| Burj Views | 77,088 | 674 | 118 | 65 |
| Dt 1 | 100,000 | 536 | 170 | 16 |
Buying in Downtown Dubai? Sale prices, every tower, resale and off-plan: Downtown Dubai on BUY DUBAI →
Questions
How much is rent in Elite Downtown Residence?
Rent in Elite Downtown Residence, Downtown: Studio AED 65,000, 1-bed AED 100,000, 2-bed AED 169,496 a year. These are medians of 226 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 136, against AED 142 across Downtown. About 14 homes here are advertised for rent now.
How much is a studio in Elite Downtown Residence?
The median rent for a new Studio lease in Elite Downtown Residence is AED 65,000 a year (AED 5,417 a month). The median size is 526 sq ft. This is from 83 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 1 bedroom in Elite Downtown Residence?
The median rent for a new 1-bed lease in Elite Downtown Residence is AED 100,000 a year (AED 8,333 a month). The median size is 810 sq ft. This is from 51 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Elite Downtown Residence?
The median rent for a new 2-bed lease in Elite Downtown Residence is AED 169,496 a year (AED 14,125 a month). The median size is 1,630 sq ft. This is from 13 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Elite Downtown Residence?
For a Studio, new tenants pay a median AED 65,000 and renewing tenants AED 76,265. For the same home, a new tenant pays 14% less.
Is rent going up in Elite Downtown Residence?
Rent per sq ft on new leases in Elite Downtown Residence: AED 124 in the 12 months to 15 Oct 2026, against AED 137 the year before.
What are the alternatives to Elite Downtown Residence in Downtown?
Similar rent for a Studio: Dd Stand Point AED 70,000, Dd Boulevard Central AED 70,000, Upper Crest AED 60,000, Claren 1 AED 70,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "ELITE DOWNTOWN RESIDENCE". 226 leases 16 Oct 2025–15 Oct 2026, 155 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building. Position from OpenStreetMap.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.