1505, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Elite Downtown Residence
What is 1505 worth today?
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Source: Dubai Land Department. Updated 8 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,366 sqft
- Floor
- 15th of 23
- Parking
- P2-70
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 23,900 /yr
- Last sold
- AED 2.67M · April 2022
- Building
- Elite Downtown Residence
About 1505, Elite Downtown Residence
1505 is a two-bedroom apartment of 1,366 sqft on the 15th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 18 April 2022 for AED 2,670,000, or AED 1,954 per sqft, 31% above the AED 1,494 two-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 8 January 2026, is AED 213,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 23,900 a year.
Sales and rents for 1505 over time
1505 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 1505 sits
All 69 2-beds →1505 last sold in April 2022 at AED 1,954 per sqft, 31% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,494). 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. 1505's AED 213,000 is in the upper half of that range.
| 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 15th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 824 sqft | AED 1.66MAED 1,656,000 · Apr 2022April 2022 | 80,000 /yr | |
| 1502 | 1-bed | 809 sqft | AED 2.59MAED 2,585,000 · May 2022May 2022 | ||
| 1503 | Studio | 497 sqft | AED 1.86MAED 1,862,250 · Jul 2022July 2022 | ||
| 1504 | 3-bed | 1,616 sqft | AED 4.9MAED 4,900,000 · Apr 2024April 2024 | ||
| 1506 | Studio | 536 sqft | AED 1.18MAED 1,176,450 · Aug 2022August 2022 | ||
| 1507 | Studio | 533 sqft | AED 1.19MAED 1,185,000 · Jun 2022June 2022 | 80,000 /yr | |
| 1508 | Studio | 514 sqft | AED 1.15MAED 1,150,000 · Sep 2025September 2025 | 66,060 /yr | |
| 1509 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | 100,000 /yr | |
| 1510 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Feb 2023February 2023 | 95,000 /yr | |
| 1511 | Studio | 521 sqft | AED 1.09MAED 1,092,500 · Jun 2022June 2022 | 60,000 /yr | |
| 1512 | Studio | 534 sqft | AED 1.21MAED 1,205,000 · Jun 2022June 2022 | 85,000 /yr | |
| 1513 | Studio | 542 sqft | AED 1.32MAED 1,324,800 · Nov 2022November 2022 | ||
| 1514 | 2-bed | 1,760 sqft | AED 2.92MAED 2,924,000 · Feb 2025February 2025 | ||
| 1515 | Studio | 431 sqft | AED 950KAED 950,000 · Sep 2026September 2026 | 80,000 /yr | |
| 1516 | 2-bed | 1,630 sqft | AED 4.7MAED 4,704,500 · Aug 2022August 2022 | ||
| 1517 | Studio | 522 sqft | AED 966KAED 966,000 · Apr 2022April 2022 | 60,000 /yr | |
| 1518 | 1-bed | 810 sqft | AED 1.3MAED 1,301,130 · Feb 2022February 2022 | 145,000 /yr | |
| 1519 | 1-bed | 810 sqft | AED 1.42MAED 1,422,000 · Apr 2022April 2022 | 100,000 /yr | |
| 1520 | Studio | 526 sqft | AED 1.36MAED 1,361,100 · May 2023May 2023 |
1505, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 18 April 2022 for AED 2,670,000, or AED 1,954 per sqft.
- Rented since January 2025 on 3 Ejari contracts, at AED 213,000 a year.
- At AED 213,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 23,900 a year (AED 17.47 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 8 January 2026.
Questions about 1505, Elite Downtown Residence
What did unit 1505 last sell for?
AED 2,670,000 on 18 April 2022, sold by the developer: AED 1,954 per sqft for 1,366 sqft. It is the only registered sale of the unit.
What is the rent for unit 1505?
AED 213,000 a year on the contract renewed on 8 January 2026. The previous contract, from January 2025, was AED 213,000; the unit has been rented since January 2025.
How big is unit 1505?
1,366 sqft (126.9 sqm): a two-bedroom apartment on the 15th floor of a 23-storey tower completed in 2022.
What is unit 1505 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 1505, Elite Downtown Residence
Starts from the last sale price (AED 2.67M, 18 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,670,000
- Deposit, UAE resident (20%)
- AED 534,000
- Deposit, non-resident (40%)
- AED 1,068,000
- Monthly over 25 years at 3.7%
- AED 10,924
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →