Elite 1 Sports Residence: Prices, Rents, Costs & Layouts

A one-bedroom in Elite 1 Sports Residence sold for an average of AED 616,273 over the past year and rents for about AED 53,756 a year. That is a gross yield of roughly 8.7%, or about 7.4% once the service charge is taken out.

The building is one of ten Elite Sports Residence blocks in Dubai Sports City. It finished in April 2012 and has 260 freehold apartments, so foreign nationals can own a unit outright. Portals list it as Elite Sports Residence 1 and Dubai Land Department records call it Elite Residence 1, so search under either name.

All figures below are for this building only, not the ten-block project.

Elite 1 sports residence details

Detail	Elite 1 Sports Residence
Location	Dubai Sports City, Dubai
Completed	April 2012 (construction began February 2008)
Height	Ground + 9 floors
Apartments	260 studios, 1-bedrooms and 2-bedrooms
Ownership	Freehold
Developer	Triplanet International
Cooling	Emicool district cooling
Service charge	AED 10.60 per sq ft per year
Parking	Allocated space per apartment, free for visitors
Bus routes	J02 and F34
Nearest metro	Dubai Internet City and Sobha Realty, about 15 minutes by car

Unit sizes & layouts

Elite 1 has three layouts, and the sizes below are what units are registered and listed at.

• Studios: 431 to 475 sq ft, with an open-plan living area, an open kitchen and one bathroom.
• 1-bedrooms: 768 to 823 sq ft, with an en-suite master bedroom, a walk-in closet, a powder room and a terrace. There are four 1-bedroom layouts, and some units have a second balcony.
• 2-bedrooms: 1,012 to 1,017 sq ft, with two en-suite bedrooms, a powder room, separate living and dining areas and two terraces. A few listings include a maid’s room.

Sale prices & what units sell for

Registered sales average AED 417,788 for a studio, AED 616,273 for a 1-bedroom and AED 859,333 for a 2-bedroom. Sellers ask more than that for every layout.

Layout	Average asking price	Average registered sale	Asking premium
Studio	AED 524,146	AED 417,788	20%
1-bedroom	AED 662,421	AED 616,273	7%
2-bedroom	AED 935,100	AED 859,333	8%

Only 18 apartments sold in the past year, so one upgraded unit can move an average. The latest sales give a tighter guide:

• 1-bedrooms of 768 to 823 sq ft sold between AED 566,000 and AED 650,000 from April to September.
• Two 2-bedrooms of 1,012 and 1,017 sq ft sold for AED 850,000 in June and AED 803,000 in late September.

A 1-bedroom listed at AED 700,000 or more is above every registered 1-bedroom sale since April. A 2-bedroom listed at AED 950,000 is at least AED 100,000 above the last two registered sales.

Rents & yields

Registered rents average AED 39,890 for a studio, AED 53,756 for a 1-bedroom and AED 71,800 for a 2-bedroom, across 90 new contracts in the past year.

Layout	Average registered rent	Current asking range	Gross yield	Yield after service charge
Studio	AED 39,890	AED 36,000 to 40,000	9.5%	8.4%
1-bedroom	AED 53,756	AED 50,000 to 65,000	8.7%	7.4%
2-bedroom	AED 71,800	AED 68,000 to 72,000	8.4%	7.1%

Yields divide the average rent by the average registered sale price. The after-service-charge column deducts AED 10.60 per sq ft on a 450 sq ft studio, a 790 sq ft 1-bedroom and a 1,012 sq ft 2-bedroom. Purchase costs and vacancy are not included.

Furnishing moves the 1-bedroom rent. Furnished units mostly ask AED 55,000 to 65,000, while unfurnished ones ask AED 50,000 to 52,000.

Service charges

Owners pay AED 10.60 per sq ft each year. That is about AED 4,800 for a studio, AED 8,400 for a 1-bedroom and AED 10,700 for a 2-bedroom.

Component	AED per sq ft
Services (general upkeep)	1.47
Maintenance	2.87
DEWA & district cooling facilities	3.80
Management	1.00
Insurance	0.15
Master community	0.31
Reserve fund	1.00
Total	10.60

Emicool cooling bills & move-in costs

Cooling is billed separately from DEWA. Emicool sends its own invoice, which has four parts:

• A monthly capacity charge, set per refrigeration ton in your contract and payable whether or not you use the air conditioning.
• A chilled water consumption charge based on metered use.
• A DEWA surcharge that follows DEWA’s monthly fuel tariff.
• A fixed monthly metering charge per meter.

Invoices are issued on the 1st and are due within 15 days. A late payment costs AED 100.

Tenants complete district cooling registration with their Ejari, passport, Emirates ID, mobile number, email address and IBAN. Owners register with a master developer NOC or a new title deed copy. The account is set up within two business days of the fees being paid.

Move-in costs are a refundable security deposit equal to eight months of the capacity charge, an AED 200 activation fee and a one-time connection charge on the first connection. Emicool has an office in Motor City, a short drive away. Cooling faults go to the building’s facilities management first.

Amenities & building facilities

The building has a gym, separate swimming pools for adults and children, a Jacuzzi, a sauna, steam rooms, a barbecue area and a children’s play area.

• The gym, sauna and steam rooms are separate for men and women.
• Security is staffed around the clock, with a concierge desk and reception in the ground-floor lobby.
• High-speed lifts serve all ten floors.
• Each apartment has an allocated parking space, and visitor parking is free.

Location & getting around

Elite 1 is within walking distance of Dubai International Stadium and reaches Al Khail Road and Sheikh Mohammed Bin Zayed Road (E311) directly.

Destination	Drive time
Palm Jumeirah	About 15 minutes
Burj Al Arab	About 18 minutes
The Walk JBR	About 19 minutes
Dubai Mall	About 20 minutes
Dubai International Airport	About 26 minutes
Al Maktoum International Airport	About 29 minutes

Dubai Sports City has no metro station. Bus F34 runs from Dubai Internet City metro station, and J02 also serves the area, with both stopping at Sports City Cricket Stadium, a 3-minute walk from the building. Most residents drive.

On major cricket match days the roads around the stadium jam, and getting in or out takes noticeably longer.

Schools, shops & nearby places

• Schools: GEMS School of Research and Innovation is 0.5 km away and Queen Elizabeth’s School, Dubai Sports City is 0.7 km away. Renaissance School and Victory Heights Primary School are about 1.1 km away.
• Supermarkets: Grandiose, Big Value and Tudo are within about 500 m.
• Golf: The Els Club course is 0.8 km away.
• Attractions: Dubai Butterfly Garden and Dubai Autodrome are nearby.

Who Elite 1 suits

It suits drivers who want a quiet, mid-rise block with a pool and gym and a 1-bedroom rent under AED 55,000.

It suits less well if you rely on the metro or want cafés and restaurants on your doorstep. The nearest metro station is a 15-minute drive away, and daily errands are a drive or a short walk to the supermarkets.

Buying or renting in Elite 1

Renting

1. Choose furnished or unfurnished, then view units against the asking ranges above.
2. Agree the rent, the number of cheques and the security deposit with the landlord’s agent.
3. Sign the tenancy contract and register it on Ejari.
4. Register your Emicool account, which needs the Ejari, and set up DEWA.
5. Collect the keys and move in.

Buying

1. Compare each listing with the registered prices above, and ask whether the unit is vacant or tenanted.
2. Sign the sale agreement and pay the agreed deposit. If you are financing, the bank values the unit before final approval.
3. The seller obtains the developer’s e-NOC through the Dubai REST app.
4. Meet the seller at a registration trustee office, pay the fees by manager’s cheque and receive the title deed in your name.

The sale registration fee is 4% of the sale price, listed as 2% for the buyer and 2% for the seller, plus a trustee fee of AED 4,000 plus VAT on sales of AED 500,000 or more and AED 2,000 plus VAT below that. Many sales are agreed with the buyer paying the full 4%.

On a AED 616,000 1-bedroom that comes to AED 24,640 for the 4% fee, AED 4,200 for the trustee office including VAT and about AED 12,320 for a typical 2% agent commission. Upfront costs total about AED 41,000, or 6.7% of the price.

FAQ

Is Elite 1 Sports Residence freehold?

Yes. All 260 apartments are freehold, so foreign nationals can buy and own them outright.

How much is rent in Elite 1 Sports Residence?

Rent averages AED 39,890 a year for a studio, AED 53,756 for a 1-bedroom and AED 71,800 for a 2-bedroom.

What are the service charges in Elite 1 Sports Residence?

The service charge is AED 10.60 per sq ft per year, paid by the owner. Tenants pay Emicool cooling and DEWA bills separately.

Is there a metro station near Elite 1 Sports Residence?

No station is in Dubai Sports City. Dubai Internet City and Sobha Realty stations are about 15 minutes away by car, and bus F34 connects to Dubai Internet City.

Who developed Elite 1 Sports Residence?

Triplanet International developed it, and the building was completed in April 2012.

Next steps

• Ask the agent for the last registered sale in the same layout before making an offer.
• Ask for the last 12 months of Emicool invoices to see the real cooling cost of a specific unit.
• Visit once on a weekday evening and once on a match day to judge the traffic.
• As a tenant, register in this order: Ejari, then Emicool, then DEWA.