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Studio · 514 sqftElite Downtown Residence, Downtown Dubai · 14th floor · completed 2022

1408, Elite Downtown Residence

Sold prices and rental history: sold twice, last in January 2026, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 16 January 2026
Last soldAED 1.19M16 January 2026
Current rentAED 85K /yr29 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1408, Elite Downtown Residence

What is 1408 worth today?

Last sold for AED 1,188,000 in 2026

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16 Jan 2026SoldReady
AED 1,188,000AED 2,309 per sqft
29 Oct 2024RentedRenewal
AED 85,000/yr12 months · AED 168 per sqft
10 Apr 2023Sold by developerReady
AED 1,232,000AED 2,395 per sqft

Source: Dubai Land Department. Updated 16 January 2026.

Key facts

Type
Studio apartment
Size
514 sqft
Floor
14th of 23
Parking
P2-53
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 9,000 /yr
Last sold
AED 1.19M · January 2026
Building
Elite Downtown Residence

About 1408, Elite Downtown Residence

1408 is a studio of 514 sqft on the 14th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 16 January 2026 for AED 1,188,000, or AED 2,309 per sqft, 3% above the AED 2,236 studios in the building were fetching at the time.

One Ejari contract is registered, from 29 October 2024. The current contract, renewed on 29 October 2024, is AED 85,000 a year: a gross yield of 7.1% on the 2026 price, before the service charge of about AED 9,000 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical studio in Elite Downtown Residence
1M1.25M2021202320252027Typical sale price by year: 2021 AED 867,000; 2022 AED 1,017,425; 2023 AED 1,331,440; 2024 AED 1,255,000; 2025 AED 1,150,000; 2026 AED 1,090,000Sold by developer, April 2023: AED 1,232,000 (AED 2,395 per sqft)Sold, January 2026: AED 1,188,000 (AED 2,309 per sqft)

1408 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1408, each contractTypical studio in Elite Downtown Residence
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 78,000; 2026 AED 69,632Renewal, October 2024: AED 85,000 a year

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 1408 sits

All 229 studios →

1408 last sold in January 2026 at AED 2,309 per sqft, 3% above what studios in Elite Downtown Residence were fetching at the time (AED 2,236). 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. 1408's AED 85,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Sep 2026935,000
18 Sep 2026950,000
30 Jul 20261,100,000
23 Jul 20261,230,000
18 studio sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 454 units in Elite Downtown Residence
Value
14011-bedAED 2.57M · Sep 2022
14021-bedAED 3.32M · Aug 2022
1403StudioAED 2.22M · Sep 2022
14052-bedAED 2.72M · Sep 2023
1406StudioAED 1.37M · Feb 2023
1407StudioAED 1.22M · Jan 2023
14091-bedAED 1.88M · Mar 2023
1–7 of 18

1408, Elite Downtown Residence in numbers

  • Sold twice: first on 10 April 2023 for AED 1,232,000, last on 16 January 2026 for AED 1,188,000 (AED 2,309 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2026 price is 7.1%, before a service charge of about AED 9,000 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 16 January 2026.

Questions about 1408, Elite Downtown Residence

What did unit 1408 last sell for?

AED 1,188,000 on 16 January 2026: AED 2,309 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 1,232,000 in April 2023.

What is the rent for unit 1408?

AED 85,000 a year on the contract renewed on 29 October 2024.

How big is unit 1408?

514 sqft (47.8 sqm): a studio on the 14th floor of a 23-storey tower completed in 2022.

What is unit 1408 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 1408, Elite Downtown Residence

Starts from the last sale price (AED 1.19M, 16 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,188,000
Deposit, UAE resident (20%)
AED 237,600
Deposit, non-resident (40%)
AED 475,200
Monthly over 25 years at 3.7%
AED 4,860

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →