What is the asking price of this Elite Downtown Residence apartment?
The asking price is AED 1,800,000 for a fully furnished 1-bedroom apartment of 1,003 sq ft in Elite Downtown Residence, Downtown Dubai.
Furnished 1-Bedroom Apartment in Elite Downtown Residence, Downtown Dubai, Vacant
AED 1,800,000
| Deal type | Below Market |
| Price | AED 1,800,000 |
| Bedrooms | 1 |
| Size | 1003 sq.ft |
| Type | Apartment |
| Status | Ready |
| Area / Master development | Downtown Dubai |
| Sub-community / Phase | Elite Downtown Residence |
| Community | Downtown Dubai |
Property Overview
This fully furnished 1-bedroom apartment in Elite Downtown Residence, Downtown Dubai, is offered at AED 1,800,000 for 1,003 sq ft of built-up area, or about AED 1,795 per sq ft. The agent reports a 2nd-floor unit that is vacant. No original price or supported market benchmark has been supplied.
Property Highlights
- Property type: Apartment
- Bedrooms: 1
- Built-up area: 1,003 sq ft
- Asking price: AED 1,800,000
- Asking rate: approximately AED 1,795 per sq ft
- Floor: 2
- Furnishing: fully furnished
- Occupancy: vacant
- Community: Downtown Dubai
Pricing and Deal Basis
The agent has compared this price with a market value for similar units, but the comparable sales, their dates and sources have not been supplied to DPF. This page therefore does not state a discount or claim the unit is below market value. The asking rate is calculated from the agent's price and size only. Buyers should check recent DLD transactions for 1-bedroom units in Elite Downtown Residence before making an offer.
About the Building and Community
Elite Downtown Residence is a residential building in Downtown Dubai, the district around the Burj Khalifa, The Dubai Mall and the Dubai Fountain.
Layout, Floor and View
The agent confirms a fully furnished 1-bedroom layout of 1,003 sq ft on the 2nd floor. View, bathrooms and parking were not supplied. Ask the DPF team for the floor plan and furniture inventory.
Tenancy and Transfer
The agent states the apartment is vacant. Confirm the title deed, service charges and transfer timeline before making an offer.
Location and Connectivity
Downtown Dubai has direct access to Sheikh Zayed Road and Al Khail Road and is served by Burj Khalifa/Dubai Mall station on the Dubai Metro Red Line. Travel times vary with traffic and are not quoted here.
Verification Notes
- Agent-supplied facts: Elite Downtown Residence, Downtown Dubai, 1-bedroom apartment, 1,003 sq ft, 2nd floor, fully furnished, vacant and AED 1,800,000 asking price.
- DPF-calculated figure: approximately AED 1,795 per sq ft.
- Not yet supplied: market comparison evidence, original price, developer, view, bathrooms, parking and service charges.
Frequently asked questions
What is the price per square foot?
At AED 1,800,000 for 1,003 sq ft, the asking rate is approximately AED 1,795 per square foot.
Is the apartment vacant and furnished?
Yes, according to the agent. It is fully furnished and vacant, on the 2nd floor.
Is this apartment priced below market?
The agent has compared it with a market price, but no comparison data has been supplied, so DPF does not state a discount.
Buyer costs
What you will pay
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
AED
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
—
Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Mortgage estimate
Indicative monthly repayment on a UAE bank mortgage.
AED
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
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