1403, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1403, Elite Downtown Residence
What is 1403 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 497 sqft
- Floor
- 14th of 23
- Parking
- P2-45
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 8,700 /yr
- Last sold
- AED 2.22M · September 2022
- Building
- Elite Downtown Residence
About 1403, Elite Downtown Residence
1403 is a studio of 497 sqft on the 14th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 19 September 2022 for AED 2,222,700, or AED 4,472 per sqft, 135% above the AED 1,902 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 74,000 a year: a gross yield of 3.3% on the 2022 price, before the service charge of about AED 8,700 a year.
Sales and rents for 1403 over time
1403 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Downtown Residence, and where 1403 sits
All 229 studios →1403 last sold in September 2022 at AED 4,472 per sqft, 135% above what studios in Elite Downtown Residence were fetching at the time (AED 1,902). Over the last 12 months studios sold for AED 935,000 to 1,400,000, around AED 2,208 per sqft, and rent for AED 45,000 to 120,000 a year. 1403's AED 74,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 534 sqft | 935,000 | 1,752 | ||
| 18 Sep 202618 September 2026 | 431 sqft | 950,000 | 2,202 | ||
| 30 Jul 202630 July 2026 | 497 sqft | 1,100,000 | 2,213 | ||
| 23 Jul 202623 July 2026 | 526 sqft | 1,230,000 | 2,340 |
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 14th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 824 sqft | AED 2.57MAED 2,572,100 · Sep 2022September 2022 | 100,020 /yr | |
| 1402 | 1-bed | 809 sqft | AED 3.32MAED 3,322,200 · Aug 2022August 2022 | ||
| 1405 | 2-bed | 1,366 sqft | AED 2.72MAED 2,719,840 · Sep 2023September 2023 | 170,000 /yr | |
| 1406 | Studio | 536 sqft | AED 1.37MAED 1,367,400 · Feb 2023February 2023 | 75,000 /yr | |
| 1407 | Studio | 533 sqft | AED 1.22MAED 1,218,000 · Jan 2023January 2023 | ||
| 1408 | Studio | 514 sqft | AED 1.19MAED 1,188,000 · Jan 2026January 2026 | 85,000 /yr | |
| 1409 | 1-bed | 1,006 sqft | AED 1.88MAED 1,875,000 · Mar 2023March 2023 | 120,000 /yr | |
| 1410 | 1-bed | 1,007 sqft | AED 1.73MAED 1,734,700 · Aug 2022August 2022 | ||
| 1411 | Studio | 521 sqft | AED 1.08MAED 1,078,800 · Aug 2022August 2022 | 74,000 /yr | |
| 1412 | Studio | 534 sqft | AED 1.09MAED 1,087,500 · Aug 2022August 2022 | 85,000 /yr | |
| 1413 | Studio | 542 sqft | AED 1.23MAED 1,225,000 · Aug 2022August 2022 | 65,000 /yr | |
| 1414 | 2-bed | 1,760 sqft | AED 3.1MAED 3,100,000 · Dec 2023December 2023 | ||
| 1415 | Studio | 431 sqft | AED 1.2MAED 1,200,000 · Aug 2025August 2025 | ||
| 1416 | 2-bed | 1,630 sqft | AED 3.97MAED 3,969,000 · May 2023May 2023 | ||
| 1417 | Studio | 522 sqft | AED 1.2MAED 1,200,000 · May 2022May 2022 | 63,000 /yr | |
| 1418 | 1-bed | 810 sqft | AED 1.76MAED 1,757,700 · Jun 2022June 2022 | ||
| 1419 | 1-bed | 810 sqft | AED 1.84MAED 1,836,750 · Jun 2022June 2022 | 80,000 /yr | |
| 1420 | Studio | 526 sqft | AED 1.35MAED 1,345,500 · May 2023May 2023 |
1403, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 September 2022 for AED 2,222,700, or AED 4,472 per sqft.
- Rented since December 2022 on 3 Ejari contracts, from AED 90,000 to AED 74,000 a year.
- At AED 74,000 a year the gross yield on the 2022 price is 3.3%, before a service charge of about AED 8,700 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 935,000–1,400,000 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 15 September 2024.
Questions about 1403, Elite Downtown Residence
What did unit 1403 last sell for?
AED 2,222,700 on 19 September 2022, sold by the developer: AED 4,472 per sqft for 497 sqft. It is the only registered sale of the unit.
What is the rent for unit 1403?
AED 74,000 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 74,000; the unit has been rented since December 2022.
How big is unit 1403?
497 sqft (46.2 sqm): a studio on the 14th floor of a 23-storey tower completed in 2022.
What is unit 1403 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Downtown Residence sold for AED 935,000 to 1,400,000 in the last 12 months, around AED 2,208 per sqft.
Selling 1403? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1403, Elite Downtown Residence
Starts from the last sale price (AED 2.22M, 19 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,222,700
- Deposit, UAE resident (20%)
- AED 444,540
- Deposit, non-resident (40%)
- AED 889,080
- Monthly over 25 years at 3.7%
- AED 9,094
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →