Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Downtown Dubai · August 2026
Elite Downtown Residence
Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026
Period covered: Sep 24 to Aug 26 · Ref AR-B1254-202608
Key takeaways
- Median price for apartments: AED 2,550,000 (AED 20,093 per sqm), down 13.5% year on year.
- Per sqm, apartments here are 27% below the Downtown Dubai average of AED 27,377 (sales-weighted across areas).
- 1 sales recorded in August 2026, down 86% from a year earlier.
- Studio apartments were the most traded size: median AED 1,080,000 across 5 sales in three months.
1.Apartments1 sale · August 2026
Small sample: medians for August 2026 are based on a single recorded sale and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Median annual rent and new contracts · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 1 | AED 2,550,000 | AED 20,093 | — | — |
| July 2026 | 2 | AED 1,165,000 | AED 24,507 | AED 122,500 | 10.5% |
| June 2026 | 3 | AED 1,000,000 | AED 20,929 | AED 57,000 | 5.7% |
| May 2026 | 2 | AED 2,197,952 | AED 21,037 | AED 57,000 | 2.6% |
| April 2026 | 2 | AED 1,700,000 | AED 27,739 | — | — |
| March 2026 | 2 | AED 1,877,500 | AED 22,059 | AED 60,000 | 3.2% |
2.By bedroomthree months to August 2026
| Type | Sales | Median price | AED / sqm | Median rent | Contracts |
|---|---|---|---|---|---|
| Studio | 5 | AED 1,080,000 | AED 21,809 | — | 1 |
Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.
3.Recent saleslast 15 registered in Elite Downtown Residence
| Date | Unit | Size sqm | Price | AED / sqm | Status |
|---|---|---|---|---|---|
| 26 Aug 2026 | 2 bedrooms | 127 | AED 2,550,000 | AED 20,093 | Ready |
| 30 Jul 2026 | Studio | 46 | AED 1,100,000 | AED 23,825 | Ready |
| 24 Jul 2026 | Studio | 49 | AED 1,230,000 | AED 25,189 | Ready |
| 10 Jun 2026 | Studio | 50 | AED 1,080,000 | AED 21,809 | Ready |
| 8 Jun 2026 | Studio | 49 | AED 999,000 | AED 20,459 | Ready |
| 2 Jun 2026 | Studio | 48 | AED 1,000,000 | AED 20,929 | Ready |
| 11 May 2026 | 2 bedrooms | 164 | AED 3,347,904 | AED 20,474 | Ready |
| 7 May 2026 | Studio | 49 | AED 1,048,000 | AED 21,599 | Ready |
| 30 Apr 2026 | 1 bedroom | 75 | AED 2,000,000 | AED 26,624 | Ready |
| 2 Apr 2026 | Studio | 49 | AED 1,400,000 | AED 28,854 | Ready |
| 31 Mar 2026 | 2 bedrooms | 127 | AED 2,575,000 | AED 20,290 | Ready |
| 6 Mar 2026 | Studio | 50 | AED 1,180,000 | AED 23,829 | Ready |
| 20 Feb 2026 | Studio | 40 | AED 1,280,000 | AED 31,944 | Ready |
| 28 Jan 2026 | Studio | 48 | AED 1,200,000 | AED 25,115 | Ready |
| 21 Jan 2026 | Studio | 49 | AED 1,000,000 | AED 20,610 | Ready |
Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.
4.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.