1412, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 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 1412, Elite Downtown Residence
What is 1412 worth today?
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Source: Dubai Land Department. Updated 30 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 534 sqft
- Floor
- 14th of 23
- Parking
- P2-59
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.09M · August 2022
- Building
- Elite Downtown Residence
About 1412, Elite Downtown Residence
1412 is a studio of 534 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 5 August 2022 for AED 1,087,500, or AED 2,038 per sqft, 10% above the AED 1,855 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 30 December 2025, is AED 85,000 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 9,300 a year.
Sales and rents for 1412 over time
1412 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 1412 sits
All 229 studios →1412 last sold in August 2022 at AED 2,038 per sqft, 10% above what studios in Elite Downtown Residence were fetching at the time (AED 1,855). 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. 1412's AED 85,000 is in the upper 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 | ||
| 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 | |
| 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 | |
| 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 |
1412, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 5 August 2022 for AED 1,087,500, or AED 2,038 per sqft.
- Rented since September 2022 on 3 Ejari contracts, from AED 65,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 9,300 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 30 December 2025.
Questions about 1412, Elite Downtown Residence
What did unit 1412 last sell for?
AED 1,087,500 on 5 August 2022, sold by the developer: AED 2,038 per sqft for 534 sqft. It is the only registered sale of the unit.
What is the rent for unit 1412?
AED 85,000 a year on the contract renewed on 30 December 2025. The previous contract, from December 2024, was AED 85,000; the unit has been rented since September 2022.
How big is unit 1412?
534 sqft (49.6 sqm): a studio on the 14th floor of a 23-storey tower completed in 2022.
What is unit 1412 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 1412, Elite Downtown Residence
Starts from the last sale price (AED 1.09M, 5 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,087,500
- Deposit, UAE resident (20%)
- AED 217,500
- Deposit, non-resident (40%)
- AED 435,000
- Monthly over 25 years at 3.7%
- AED 4,449
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →