1416, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 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 1416, Elite Downtown Residence
What is 1416 worth today?
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Source: Dubai Land Department. Updated 2 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 14th of 23
- Parking
- P3-39
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.97M · May 2023
- Building
- Elite Downtown Residence
About 1416, Elite Downtown Residence
1416 is a two-bedroom apartment of 1,630 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 2 May 2023 for AED 3,969,000, or AED 2,434 per sqft, 31% above the AED 1,863 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1416 over time
1416 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 1416 sits
All 69 2-beds →1416 last sold in May 2023 at AED 2,434 per sqft, 31% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,863). 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.
| 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 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 | |
| 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 | ||
| 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 |
1416, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 2 May 2023 for AED 3,969,000, or AED 2,434 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 2 May 2023.
Questions about 1416, Elite Downtown Residence
What did unit 1416 last sell for?
AED 3,969,000 on 2 May 2023, sold by the developer: AED 2,434 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1416?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 14th floor of a 23-storey tower completed in 2022.
What is unit 1416 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 1416, Elite Downtown Residence
Starts from the last sale price (AED 3.97M, 2 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,969,000
- Deposit, UAE resident (20%)
- AED 793,800
- Deposit, non-resident (40%)
- AED 1,587,600
- Monthly over 25 years at 3.7%
- AED 16,238
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →