1407, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in January 2023, 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 1407, Elite Downtown Residence
What is 1407 worth today?
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Source: Dubai Land Department. Updated 30 January 2023.
Key facts
- Type
- Studio apartment
- Size
- 533 sqft
- Floor
- 14th of 23
- Parking
- P2-52
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.22M · January 2023
- Building
- Elite Downtown Residence
About 1407, Elite Downtown Residence
1407 is a studio of 533 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 30 January 2023 for AED 1,218,000, or AED 2,285 per sqft, 12% above the AED 2,048 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1407 over time
1407 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 1407 sits
All 229 studios →1407 last sold in January 2023 at AED 2,285 per sqft, 12% above what studios in Elite Downtown Residence were fetching at the time (AED 2,048). 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.
| 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 | ||
| 1403 | Studio | 497 sqft | AED 2.22MAED 2,222,700 · Sep 2022September 2022 | 74,000 /yr | |
| 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 | |
| 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 |
1407, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 30 January 2023 for AED 1,218,000, or AED 2,285 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 30 January 2023.
Questions about 1407, Elite Downtown Residence
What did unit 1407 last sell for?
AED 1,218,000 on 30 January 2023, sold by the developer: AED 2,285 per sqft for 533 sqft. It is the only registered sale of the unit.
How big is unit 1407?
533 sqft (49.5 sqm): a studio on the 14th floor of a 23-storey tower completed in 2022.
What is unit 1407 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.
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Mortgage on 1407, Elite Downtown Residence
Starts from the last sale price (AED 1.22M, 30 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,218,000
- Deposit, UAE resident (20%)
- AED 243,600
- Deposit, non-resident (40%)
- AED 487,200
- Monthly over 25 years at 3.7%
- AED 4,983
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →