1316, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1316, Elite Downtown Residence
What is 1316 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 13th of 23
- Parking
- P3-58
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.41M · September 2023
- Building
- Elite Downtown Residence
About 1316, Elite Downtown Residence
1316 is a two-bedroom apartment of 1,630 sqft on the 13th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 12 September 2023 for AED 3,414,040, or AED 2,094 per sqft, 16% above the AED 1,810 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 138,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 28,500 a year.
Sales and rents for 1316 over time
1316 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 1316 sits
All 69 2-beds →1316 last sold in September 2023 at AED 2,094 per sqft, 16% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,810). 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. 1316's AED 138,000 is in the lower 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 13th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 1-bed | 824 sqft | AED 1.7MAED 1,698,340 · Apr 2022April 2022 | 104,738 /yr | |
| 1302 | 1-bed | 809 sqft | AED 2.08MAED 2,081,000 · Apr 2022April 2022 | 80,000 /yr | |
| 1303 | Studio | 497 sqft | AED 1.35MAED 1,350,000 · Apr 2025April 2025 | ||
| 1304 | 3-bed | 1,616 sqft | AED 4.3MAED 4,300,000 · Mar 2024March 2024 | ||
| 1305 | 2-bed | 1,366 sqft | AED 2.66MAED 2,656,000 · Mar 2023March 2023 | ||
| 1306 | Studio | 536 sqft | AED 1.18MAED 1,179,425 · Aug 2022August 2022 | ||
| 1307 | Studio | 533 sqft | AED 1.18MAED 1,175,000 · Jun 2022June 2022 | ||
| 1308 | Studio | 514 sqft | AED 831KAED 831,250 · Jan 2022January 2022 | ||
| 1309 | 1-bed | 1,006 sqft | AED 1.76MAED 1,762,000 · Jun 2022June 2022 | ||
| 1310 | 1-bed | 1,007 sqft | AED 1.59MAED 1,593,000 · Jun 2022June 2022 | ||
| 1311 | Studio | 521 sqft | AED 1.24MAED 1,240,000 · Aug 2022August 2022 | 65,000 /yr | |
| 1312 | Studio | 534 sqft | AED 1.18MAED 1,175,000 · Aug 2022August 2022 | ||
| 1313 | Studio | 542 sqft | AED 1.23MAED 1,225,000 · Oct 2022October 2022 | 70,000 /yr | |
| 1314 | 2-bed | 1,760 sqft | AED 2.24MAED 2,235,000 · Apr 2022April 2022 | 170,000 /yr | |
| 1315 | Studio | 431 sqft | AED 926KAED 926,250 · Jul 2022July 2022 | 70,000 /yr | |
| 1317 | Studio | 522 sqft | AED 1.26MAED 1,260,000 · Apr 2025April 2025 | 95,000 /yr | |
| 1318 | 1-bed | 810 sqft | AED 1.37MAED 1,372,400 · Jun 2022June 2022 | ||
| 1319 | 1-bed | 810 sqft | AED 1.51MAED 1,508,337 · Apr 2022April 2022 | 110,000 /yr | |
| 1320 | Studio | 526 sqft | AED 1.05MAED 1,050,000 · May 2022May 2022 | 57,000 /yr |
1316, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 12 September 2023 for AED 3,414,040, or AED 2,094 per sqft.
- Rented since October 2025 on 2 Ejari contracts, from AED 195,000 to AED 138,000 a year.
- At AED 138,000 a year the gross yield on the 2023 price is 4.0%, 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 1 October 2026.
Questions about 1316, Elite Downtown Residence
What did unit 1316 last sell for?
AED 3,414,040 on 12 September 2023, sold by the developer: AED 2,094 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 1316?
AED 138,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 195,000.
How big is unit 1316?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 13th floor of a 23-storey tower completed in 2022.
What is unit 1316 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 1316, Elite Downtown Residence
Starts from the last sale price (AED 3.41M, 12 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,414,040
- Deposit, UAE resident (20%)
- AED 682,808
- Deposit, non-resident (40%)
- AED 1,365,616
- Monthly over 25 years at 3.7%
- AED 13,968
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →