1016, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1016, Elite Downtown Residence
What is 1016 worth today?
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Source: Dubai Land Department. Updated 23 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 10th of 23
- Parking
- P3-50
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.58M · May 2024
- Building
- Elite Downtown Residence
About 1016, Elite Downtown Residence
1016 is a two-bedroom apartment of 1,630 sqft on the 10th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 23 May 2024 for AED 3,579,180, or AED 2,195 per sqft, 24% above the AED 1,773 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1016 over time
1016 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Downtown Residence, and where 1016 sits
All 69 2-beds →1016 last sold in May 2024 at AED 2,195 per sqft, 24% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,773). Over the last 12 months two-beds sold for AED 1,250,000 to 3,347,904, around AED 1,876 per sqft, and rent for AED 130,000 to 230,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Aug 202625 August 2026 | 1,366 sqft | 2,550,000 | 1,866 | ||
| 8 May 20268 May 2026 | 1,760 sqft | 3,347,904 | 1,902 | ||
| 31 Mar 202631 March 2026 | 1,366 sqft | 2,575,000 | 1,885 | ||
| 11 Dec 202511 December 2025 | 683 sqft | 1,250,000 | 1,830 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements . 26 sold in the last 12 months.
- Typical price per sqft
- AED 2,114 Down 5.5%
- Typical sale
- AED 1.2M
- Typical rent
- AED 85K /yr
- Typical yield
- 6.0%
Other units on the 10th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 824 sqft | AED 1.41MAED 1,413,000 · Apr 2022April 2022 | ||
| 1002 | 1-bed | 809 sqft | AED 2.49MAED 2,488,440 · Sep 2023September 2023 | 100,000 /yr | |
| 1003 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1005 | 2-bed | 1,366 sqft | AED 2.41MAED 2,410,000 · Apr 2022April 2022 | ||
| 1006 | Studio | 536 sqft | AED 987KAED 987,000 · Jun 2022June 2022 | 72,000 /yr | |
| 1007 | Studio | 533 sqft | AED 1.11MAED 1,110,000 · Sep 2022September 2022 | 80,000 /yr | |
| 1008 | Studio | 514 sqft | AED 973KAED 972,900 · Jun 2022June 2022 | 69,806 /yr | |
| 1009 | 1-bed | 1,006 sqft | AED 1.41MAED 1,413,600 · Apr 2022April 2022 | ||
| 1010 | 1-bed | 1,007 sqft | AED 1.6MAED 1,600,000 · Jun 2023June 2023 | 150,000 /yr | |
| 1011 | Studio | 521 sqft | AED 1.02MAED 1,020,000 · Nov 2025November 2025 | 80,000 /yr | |
| 1012 | Studio | 534 sqft | AED 960KAED 960,000 · Mar 2022March 2022 | 100,000 /yr | |
| 1013 | Studio | 542 sqft | AED 1.37MAED 1,370,000 · Oct 2022October 2022 | 65,000 /yr | |
| 1014 | 2-bed | 1,760 sqft | AED 2.84MAED 2,840,000 · Jun 2023June 2023 | 155,000 /yr | |
| 1015 | Studio | 431 sqft | AED 1.44MAED 1,441,800 · Sep 2023September 2023 | 45,000 /yr | |
| 1017 | Studio | 522 sqft | AED 856KAED 856,000 · Mar 2022March 2022 | ||
| 1018 | 1-bed | 810 sqft | AED 1.26MAED 1,258,595 · Feb 2022February 2022 | 145,000 /yr | |
| 1019 | 1-bed | 810 sqft | AED 1.27MAED 1,265,850 · May 2022May 2022 | 90,000 /yr | |
| 1020 | Studio | 526 sqft | AED 1.02MAED 1,015,000 · Apr 2022April 2022 | 12,000 /yr |
1016, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 23 May 2024 for AED 3,579,180, or AED 2,195 per sqft.
- Two-beds in Elite Downtown Residence sold for AED 1,250,000–3,347,904 in the 12 months to November 2026; the building's median across all types is AED 2,114 per sqft.
Source: Dubai Land Department. Updated 23 May 2024.
Questions about 1016, Elite Downtown Residence
What did unit 1016 last sell for?
AED 3,579,180 on 23 May 2024, sold by the developer: AED 2,195 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1016?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 10th floor of a 23-storey tower completed in 2022.
What is unit 1016 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Downtown Residence sold for AED 1,250,000 to 3,347,904 in the last 12 months, around AED 1,876 per sqft.
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Mortgage on 1016, Elite Downtown Residence
Starts from the last sale price (AED 3.58M, 23 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,579,180
- Deposit, UAE resident (20%)
- AED 715,836
- Deposit, non-resident (40%)
- AED 1,431,672
- Monthly over 25 years at 3.7%
- AED 14,644
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →