1116, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 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 1116, Elite Downtown Residence
What is 1116 worth today?
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Source: Dubai Land Department. Updated 22 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 11th of 23
- Parking
- P1-58
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.5M · August 2024
- Building
- Elite Downtown Residence
About 1116, Elite Downtown Residence
1116 is a two-bedroom apartment of 1,630 sqft on the 11th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 22 August 2024 for AED 3,500,000, or AED 2,147 per sqft, 19% above the AED 1,799 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1116 over time
1116 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 1116 sits
All 69 2-beds →1116 last sold in August 2024 at AED 2,147 per sqft, 19% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,799). 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 11th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 824 sqft | AED 1.49MAED 1,491,750 · Apr 2018April 2018 | 120,000 /yr | |
| 1102 | 1-bed | 809 sqft | AED 2.05MAED 2,050,000 · Apr 2022April 2022 | 85,000 /yr | |
| 1103 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1105 | 2-bed | 1,366 sqft | AED 2.51MAED 2,510,000 · Oct 2025October 2025 | 165,000 /yr | |
| 1106 | Studio | 536 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | ||
| 1107 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jun 2022June 2022 | 70,000 /yr | |
| 1108 | Studio | 514 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 140,000 /yr | |
| 1109 | 1-bed | 994 sqft | AED 1.29MAED 1,291,634 · Mar 2022March 2022 | 100,000 /yr | |
| 1110 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Mar 2025March 2025 | ||
| 1111 | Studio | 521 sqft | AED 915KAED 915,400 · Apr 2022April 2022 | 70,000 /yr | |
| 1112 | Studio | 534 sqft | AED 929KAED 929,200 · Apr 2022April 2022 | 65,000 /yr | |
| 1113 | Studio | 542 sqft | AED 930KAED 930,000 · Jun 2022June 2022 | 68,080 /yr | |
| 1114 | 2-bed | 1,760 sqft | AED 2.32MAED 2,322,000 · Apr 2022April 2022 | ||
| 1115 | Studio | 431 sqft | AED 1.28MAED 1,280,000 · Feb 2026February 2026 | 64,000 /yr | |
| 1117 | Studio | 522 sqft | AED 1.07MAED 1,070,000 · Apr 2022April 2022 | ||
| 1118 | 1-bed | 810 sqft | AED 1.51MAED 1,505,000 · Apr 2022April 2022 | 97,000 /yr | |
| 1119 | 1-bed | 810 sqft | AED 1.38MAED 1,376,400 · Apr 2022April 2022 | ||
| 1120 | Studio | 526 sqft | AED 1.25MAED 1,250,000 · Jun 2022June 2022 | 65,000 /yr |
1116, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 22 August 2024 for AED 3,500,000, or AED 2,147 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 22 August 2024.
Questions about 1116, Elite Downtown Residence
What did unit 1116 last sell for?
AED 3,500,000 on 22 August 2024, sold by the developer: AED 2,147 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1116?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 11th floor of a 23-storey tower completed in 2022.
What is unit 1116 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 1116, Elite Downtown Residence
Starts from the last sale price (AED 3.5M, 22 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →