Elite Downtown Residence

Elite Downtown Residence is a newly launched residential development in Downtown Dubai, which is one of the most exclusive addresses in the world, and a top tourist destination that offers an array of housing, entertainment, retail and dining options. There are 30 residential floors and 5 levels of parking in the building. The residential complex, developed by Triplanet Range Developments, was completed in February 2022. There are a total of 400 residences in the complex, including fully-furnished studios and apartments with 1, 2 and 3 bedrooms. These premium finished residences have property sizes ranging from 425 to 1760 sqft, and offer gorgeous views of the world’s highest building, the Burj Khalifa, and the world’s tallest performing fountain, The Dubai Fountains, as well as Meydan and the rest of Downtown Dubai. Residents will benefit from various premium amenities, including a five star premium infinity swimming pool, a jacuzzi, sauna, health club, covered parking, a children’s playground, as well as gymnasium. Elite Downtown Residence offers the best possible location to live, work and rest, as the residential complex is situated in the Downtown Dubai area with plenty of landmarks and a well-developed infrastructure. Residents of the development will enjoy close proximity to a range of shopping, leisure, and recreational outlets as well as the world-famous attractions of Downtown Dubai such as the Burj Khalifa, The Dubai Mall, Dubai Opera and many more. The location near Al Asayel Street, Financial Center Road, the Sheikh Zayed Road provides easy connectivity to other parts of the emirate. The public transport stations in close proximity to Elite Downtown Residence comprise Marquise Square Tower, DAMAC Maison Prive and Bay Square 1 bus stops, and neighbouring districts of the development include Business Bay and DIFC. Fully-furnished apartments in Elite Downtown Residence by Triplanet is a profitable investment due to the advantageous location in the area of Downtown Dubai. The development is also perfect for short rental, which is allowed in this project. The average short-term rental price for a 1-bedroom apartment in Elite Downtown Residence constitutes AED 14,000 per month. Therefore, the estimated ROI will be at a rate of 9%. In addition, by purchasing real estate in the complex, investors will be eligible to apply for a 3-year investor visa or a 5-year UAE Golden visa, depending on the cost of the purchased property.