Elite DownTown Residence

Elite DownTown Residence, on a site within the Burj Khalifa Community in Downtown Dubai, is a completed 30-storey tower developed by Triplanet Ranger Development. The building delivered in Q1 2022 and comprises more than 400 fully furnished apartments across studio, one, two and three-bedroom configurations.

# The tower and its position in Downtown Dubai

Thirty storeys is not a modest commitment in a district that already contains some of the most photographed buildings on earth. Triplanet Ranger Development chose to orient the project around volume: over 400 apartments spread across a single tower, supported by five levels of dedicated parking. That scale gives the building a residential density more typical of an established neighbourhood than a boutique address, which is part of its appeal for investors looking at yield rather than exclusivity.

Downtown Dubai itself needs little introduction as a postcode. Anchored by the Burj Khalifa and the Dubai Mall, it draws both residents and visitors at a volume few other districts in the region can match. For a completed, fully furnished tower, that footfall translates directly into rental demand.

# Residences: furnished apartments with podium-level amenities

The building offers studios through to three-bedroom apartments, all delivered furnished. Fitted kitchens with appliances are included as standard, which reduces the time between purchase and first tenancy for investors, and removes the procurement burden for owner-occupiers relocating from abroad.

Precise square footage figures for individual unit types are not publicly available, though the developer's stated emphasis was on larger-than-average floor plates for the category.

# Service charge

The annual service charge runs at 14.3 AED per square foot, registered under escrow number 0195000000085. Buyers should factor that into net yield calculations alongside any anticipated rental income.

# Amenities: a functional rather than resort-style offer

The podium level houses a swimming pool, outdoor jacuzzi, gymnasium and children's play area. Ground-floor retail space accommodates shops and cafés. The amenity list is practical rather than elaborate, which keeps the service charge at a manageable level relative to towers that maintain larger facilities.

There are no golf simulators, private cinemas or co-working suites listed. What the building offers is clean, low-friction infrastructure: fitness, leisure and convenience within the footprint.

# A Downtown address and what it connects to

The Burj Khalifa and Business Bay metro stations both sit within reasonable reach of the site, making the building accessible for residents without a car and attractive to the international tenant pool that prefers not to depend on one. Sheikh Zayed Road, Financial Centre Road and Al Khail Road all connect from the surrounding grid, linking residents to the financial district, the airport corridor and the wider city.

The Dubai Mall, the Dubai Fountain and the broader Downtown retail and dining circuit are walkable or a short drive away, which matters for short-stay and mid-term tenants as much as permanent residents.

# Who this building suits, and where it sits in the market

Elite DownTown Residence completed in early 2022, which means buyers are acquiring a finished, occupied asset rather than taking construction risk. For international purchasers from the UK, Europe or Asia who want a furnished, income-generating apartment in a high-visibility Dubai postcode without managing a fit-out from overseas, the proposition is straightforward.

The project is currently listed as out of stock through primary channels, so acquisition would proceed through the secondary market. Pricing, availability and current rental performance are best assessed against live comparable data in the immediate Burj Khalifa Community submarket, where JRE operates with direct transactional visibility.