Furnished 1-Bedroom Apartment in Elite Downtown Residence, Downtown Dubai – AED 300K Below Original Price

Property Overview

This fully furnished, vacant 1-bedroom apartment in Elite Downtown Residence, Downtown Dubai, is offered at AED 1,800,000 against an agent-stated original price of AED 2,100,000, a difference of AED 300,000 (14.3%). The 1,003 sq ft unit is in a completed building and works out to approximately AED 1,795 per sq ft.

Property Highlights

• Asking price: AED 1,800,000
• Original price (agent-stated): AED 2,100,000
• Difference: AED 300,000 (14.3%)
• Size: 1,003 sq ft
• Price per sq ft: approx. AED 1,795
• Furnishing: fully furnished
• Occupancy: vacant
• Status: ready

Why the Price Qualifies as Below OP

The benchmark is the AED 2,100,000 figure supplied as the original price in the agent brief on 1 October 2026. The asking price of AED 1,800,000 is AED 300,000 lower, equal to 14.3% of that figure. The agent also describes AED 2,100,000 as the current market value and the price as AED 300,000 below market; DPF has not verified that market valuation. Dividing the asking price by 1,003 sq ft gives approximately AED 1,795 per sq ft.

The brief does not say whether the seller covers the Dubai Land Department transfer fee, so buyers should assume they will pay it. At the standard 4% rate, that would be about AED 72,000 on the asking price, plus trustee and other transaction costs.

About the Building and Community

Elite Downtown Residence is a completed 30-storey residential tower in Downtown Dubai with around 400 apartments ranging from studios to 3 bedrooms. Published building information lists a fitness centre, spa, outdoor pool with a poolside café, multi-level parking, concierge and 24-hour security.

Downtown Dubai is the district around Burj Khalifa and The Dubai Mall, with the Dubai Fountain, Dubai Opera and Metro access nearby.

Layout, Floor and View

The agent describes a fully furnished, vacant unit of 1,003 sq ft, which is a generous size for a 1-bedroom apartment. The floor, view, bathroom count, parking and furniture inventory were not supplied and should be confirmed at viewing and from the title deed.

Location and Connectivity

Downtown Dubai has road access from Sheikh Zayed Road and Al Khail Road, next to Business Bay and DIFC, with Burj Khalifa/Dubai Mall and Business Bay Metro stations nearby. Actual travel times depend on traffic and route.

Verification Notes

• Agent-supplied facts: building, bedrooms, size, original price, market-value claim, asking price, furnishing and vacancy.
• Calculated by DPF: difference amount, percentage, price per sq ft and indicative 4% DLD fee.
• External research: building facts from published Elite Downtown Residence information.
• Not verified: the original price, the market valuation, floor, view and availability. Confirm against the title deed and at viewing before any payment.