YOUR GUIDE TO SMARTER, HIGHER-EARNING PROPERTY MANAGEMENT
Short Term Rentals in Elite Downtown Residence 1
A 30-storey residential tower by Triplanet Range Group in South Ridge, on the border of Downtown Dubai and Business Bay: location, amenities, pricing, and short-term rental considerations for owners.
Floors
30
Developer
Triplanet Range Group
Completed
2022
Units
Studio-3BR apartments
Area
South Ridge, Downtown Dubai
About Elite Downtown Residence 1
Elite Downtown Residence 1 is a 30-storey residential tower developed by Triplanet Range Group, completed in January 2022. It sits in South Ridge, a sub-community at the border of Downtown Dubai and Business Bay, directly neighbouring Business Bay itself alongside South Ridge Towers and Bay Square. South Ridge is categorised as part of Downtown Dubai by the major Dubai property portals, in the same way Downtown Views II and 8 Boulevard Walk are, but it sits toward the district's southern edge rather than immediately beside Burj Khalifa or Dubai Mall.
The building offers a mix of studio, one, two and three-bedroom apartments. Studios run roughly from 434 to 541 square feet, one-bedroom units from around 731 to 1,006 square feet, and two-bedroom apartments from approximately 1,363 to 1,760 square feet. Royale Stays has not confirmed a single, reliable total unit count for this pass, since available sources conflict, so this guide describes the unit mix rather than stating a precise building-wide total.
Some marketing material for Elite Downtown Residence 1 advertises a five-minute walk to Dubai Mall. Royale Stays has not been able to confirm that figure, and it conflicts with more reliable distance data for the building's actual South Ridge location, so this guide does not repeat it. The section below sets out the distances Royale Stays can stand behind.
Location & Nearby Landmarks
Elite Downtown Residence 1 sits in South Ridge, on the border of Downtown Dubai and Business Bay, rather than in the cluster of towers immediately surrounding Burj Khalifa and Dubai Mall. Burj Khalifa itself is around 1.3 kilometres away, and Souk Al Bahar is roughly 1.7 kilometres, about a 7-minute drive. Business Bay borders the building directly, and Zabeel Park is roughly a 7-minute drive. Dubai International Airport is roughly 15 to 22 minutes away by car depending on traffic. Dubai Opera, the Dubai Fountain and Dubai Mall itself are all accessible within a short drive rather than a walk from this specific building. For a broader read on what the wider district offers as a rental market, Royale Stays' Downtown Dubai Airbnb management guide covers the area in more depth.
South Ridge and the wider Downtown Dubai district have several newer residential towers built within a short distance of one another, and owners often compare Elite Downtown Residence 1 against buildings like Downtown Views II, Tower 3, positioned closer to Dubai Mall with its own air-conditioned bridge link, Act One Act Two, another established Downtown address, or 8 Boulevard Walk, a newer tower along the same corridor. Each building sits at a different distance from Downtown's core landmarks, so it is worth reading more than one guide before comparing them directly.
Unit Types
Elite Downtown Residence 1 offers studio, one, two and three-bedroom apartments. Studios run roughly from 434 to 541 square feet, one-bedroom units from around 731 to 1,006 square feet, and two-bedroom apartments from approximately 1,363 to 1,760 square feet. Royale Stays has not confirmed a precise size range for the building's three-bedroom layouts, and available sources disagree on the building's exact total unit count (figures cited elsewhere range from around 400 to 469), so this guide describes the general unit mix rather than a precise total. No floor-plan diagrams are included here: floor plans are typically the developer's or broker's proprietary material, and Royale Stays has not been able to verify them independently for this guide.
Amenities
Elite Downtown Residence 1's amenities include an infinity pool with sun loungers and changing cabins, a separate children's pool, and an outdoor jacuzzi. Residents also have access to a fully-equipped gym and health club, a sauna, a steam room, and a dedicated yoga area for lower-impact fitness options.
Families are served by both an indoor and an outdoor children's playground. Parking is provided across 5 dedicated podium levels plus additional basement parking, and the building operates 24-hour security with CCTV coverage. Ground-floor retail and dining outlets are also part of the building, though Royale Stays has not independently confirmed which specific tenants currently operate there.
Transportation & Access
Burj Khalifa / Dubai Mall Metro Station, on the Red Line, is roughly 1.3 to 1.4 kilometres from Elite Downtown Residence 1, around an 18-minute walk, reflecting the building's South Ridge location rather than a spot immediately beside Downtown's core. Business Bay Metro Station is also reachable, roughly a 6-minute drive. By road, the building has access to Sheikh Zayed Road, Al Khail Road and Burj Khalifa Boulevard, giving residents a fairly direct route into both Downtown Dubai and Business Bay without relying on the metro.
Rental & Price Trends
Royale Stays has not independently confirmed rents specific to Elite Downtown Residence 1 in this pass, so the figures below describe Downtown Dubai's rental market at an area level rather than this particular building. Per Bayut's H1 2026 Dubai Rental Market Report, one-bedroom apartments in Downtown Dubai currently average around AED 133,000 per year, two-bedroom apartments around AED 223,000 per year, and three-bedroom apartments around AED 362,000 per year. Service charges specific to Elite Downtown Residence 1 have not been independently confirmed via the DLD's Mollak index for this pass and are omitted here rather than estimated. Owners weighing a specific unit's earning potential against these area-level ranges can run their own numbers through Royale Stays' Dubai property ROI calculator.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Elite Downtown Residence 1, runs through a DTCM (Department of Economy and Tourism) holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at this tower would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve.
Royale Stays does not currently have Elite Downtown Residence 1-specific booking data to draw on, so this section speaks to the South Ridge and wider Downtown Dubai / Business Bay border area generally, rather than claiming a nightly rate or occupancy figure for this particular building. In Royale Stays' experience managing short-term rentals across Downtown Dubai and Business Bay, a building's genuine proximity to both districts, as with Elite Downtown Residence 1's South Ridge position, tends to appeal to guests who want easy access to either area without paying a premium for a unit directly beside Burj Khalifa.
For an owner weighing whether Airbnb makes sense for a unit at Elite Downtown Residence 1, the practical starting points are the same as anywhere else in Downtown Dubai or Business Bay: confirming the building's short-term letting policy, applying for the DTCM permit, and pricing the unit competitively against comparable listings in the area. Royale Stays manages the full furnishing, photography, pricing, check-in and guest communications process for owners who prefer not to handle it directly, and our guide to choosing the best Airbnb management company in Dubai sets out what to look for when comparing operators. Owners ready to move forward can submit their property for a management review to get a clearer read on its Airbnb potential.
Income context reflects Royale Stays' own managed-portfolio experience across Downtown Dubai and Business Bay, reviewed by Chris Veinbaums, DTCM-licensed operator.
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