1216, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1216, Elite Downtown Residence
What is 1216 worth today?
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Source: Dubai Land Department. Updated 25 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 12th of 23
- Parking
- M-43
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.41M · September 2023
- Building
- Elite Downtown Residence
About 1216, Elite Downtown Residence
1216 is a two-bedroom apartment of 1,630 sqft on the 12th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 13 September 2023 for AED 3,410,480, or AED 2,092 per sqft, 15% above the AED 1,826 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 December 2025. The current contract, signed on 25 December 2025, is AED 195,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 28,500 a year.
Sales and rents for 1216 over time
1216 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 1216 sits
All 69 2-beds →1216 last sold in September 2023 at AED 2,092 per sqft, 15% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,826). 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. 1216's AED 195,000 is in the upper half of that range.
| 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 12th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 824 sqft | AED 1.44MAED 1,443,050 · Feb 2022February 2022 | 104,000 /yr | |
| 1202 | 1-bed | 809 sqft | AED 2.55MAED 2,545,000 · Apr 2022April 2022 | 99,000 /yr | |
| 1203 | Studio | 497 sqft | AED 983KAED 983,000 · Sep 2021September 2021 | 72,000 /yr | |
| 1204 | 3-bed | 1,616 sqft | AED 3.9MAED 3,898,200 · Sep 2023September 2023 | 218,182 /yr | |
| 1205 | 2-bed | 1,366 sqft | AED 2.61MAED 2,610,000 · May 2022May 2022 | 150,000 /yr | |
| 1206 | Studio | 536 sqft | AED 1.33MAED 1,325,000 · Oct 2022October 2022 | 70,000 /yr | |
| 1207 | Studio | 533 sqft | AED 935KAED 935,300 · Jul 2022July 2022 | 80,000 /yr | |
| 1208 | Studio | 514 sqft | AED 1MAED 1,000,450 · Jun 2022June 2022 | 86,400 /yr | |
| 1209 | 1-bed | 994 sqft | AED 1.3MAED 1,300,234 · Mar 2022March 2022 | 100,000 /yr | |
| 1210 | 1-bed | 1,007 sqft | AED 1.28MAED 1,284,120 · Apr 2022April 2022 | 93,000 /yr | |
| 1211 | Studio | 521 sqft | AED 1.17MAED 1,165,000 · Aug 2022August 2022 | ||
| 1212 | Studio | 534 sqft | AED 1.34MAED 1,343,450 · Nov 2022November 2022 | 70,000 /yr | |
| 1213 | Studio | 542 sqft | AED 1.2MAED 1,200,000 · Aug 2022August 2022 | 70,000 /yr | |
| 1214 | 2-bed | 1,760 sqft | AED 2.4MAED 2,400,000 · Aug 2022August 2022 | 155,000 /yr | |
| 1215 | Studio | 431 sqft | AED 1.24MAED 1,235,000 · Oct 2024October 2024 | 65,000 /yr | |
| 1217 | Studio | 522 sqft | AED 1.05MAED 1,048,000 · May 2026May 2026 | ||
| 1218 | 1-bed | 810 sqft | AED 1.08MAED 1,082,050 · Jan 2022January 2022 | 90,000 /yr | |
| 1219 | 1-bed | 810 sqft | AED 1.4MAED 1,400,600 · Apr 2022April 2022 | 100,000 /yr | |
| 1220 | Studio | 526 sqft | AED 1.32MAED 1,322,100 · May 2023May 2023 | 96,000 /yr |
1216, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 September 2023 for AED 3,410,480, or AED 2,092 per sqft.
- Rented since December 2025 on one Ejari contract, at AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 28,500 a year (AED 17.47 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 25 December 2025.
Questions about 1216, Elite Downtown Residence
What did unit 1216 last sell for?
AED 3,410,480 on 13 September 2023, sold by the developer: AED 2,092 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 1216?
AED 195,000 a year on the contract signed on 25 December 2025.
How big is unit 1216?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 12th floor of a 23-storey tower completed in 2022.
What is unit 1216 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 1216, Elite Downtown Residence
Starts from the last sale price (AED 3.41M, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,410,480
- Deposit, UAE resident (20%)
- AED 682,096
- Deposit, non-resident (40%)
- AED 1,364,192
- Monthly over 25 years at 3.7%
- AED 13,953
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →