Elite Residences Downtown

Announced in early 2014, this project by Triplanet will feature fully furnished studios, 1, 2 and 3 bedroom apartments. The location is within the Downtown District, right behind Southridge. As of Jan 2015, the site has been boarded up but no obvious construction activity has commenced.

Property Types Available: Apartments
Location: Sheikh Zayed Road, Al Khail Road
Status: Under Construction
Year Launched: 2014
Estimated Completion Date: April 2018
Developer: Triplanet International FZC
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Construction
Under-Construction Apartments: 300
Floors: 29

Elite Residence Downtown

Best priced residential development in Downtown Burj Dubai district. Inquire now.

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About Elite Residences Downtown

Elite Residences by Triplanet is the developer's first project outside of Dubai Sports City where they have (as of January 2015), completed 6 projects while a further 4 are under-construction.

The project was launched at starting prices of AED 1,800 psf. The project is being marketed exclusively by Al Madina Al Raeda Real Estate Agency.

Launch Prices (prices have since been revised upwards)

Studio prices started from AED 850,000

1 Bedroom prices started from AED 1,300,000

2 Bedroom prices started from AED 2,050,000

3 Bedroom prices started from AED 2,900,000

Payment Plan

30% Down-payment

10% Completion of ground slab

10% Completion of 5th level

10% Completion of 10th level

10% Completion of 15th level

10% Completion of super-structure

10% Completion of 80% of the project

10% On building completion

Project Completion Status (as per DLD): 20.38% (as of 15 May 2018)

Dubai Land Classification & Escrow Account Details:

Land Number: 477

Project Number: 1403

Real Estate Developer: Triplanet International

Trust Account Number: 0195-000000085

Account Trustee Name: Mashreq Bank

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Elite Residences Downtown

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