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1-bed · 1,006 sqftElite Downtown Residence, Downtown Dubai · 15th floor · completed 2022

1509, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 25 October 2026
Last soldAED 1.63M4 July 2022
Current rentAED 100K /yr25 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1509, Elite Downtown Residence

What is 1509 worth today?

Last sold for AED 1,625,000 in 2022

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25 Oct 2026RentedNew contract
AED 100,000/yr12 months · AED 100 per sqft
1 Oct 2025RentedRenewal
AED 120,000/yr12 months · AED 120 per sqft
4 Jul 2022Sold by developerReady
AED 1,625,000AED 1,614 per sqft

Source: Dubai Land Department. Updated 25 October 2026.

Key facts

Type
1-bed apartment
Size
1,006 sqft
Floor
15th of 23
Parking
P2-74
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 17,600 /yr
Last sold
AED 1.63M · July 2022
Building
Elite Downtown Residence

About 1509, Elite Downtown Residence

1509 is a one-bedroom apartment of 1,006 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 4 July 2022 for AED 1,625,000, or AED 1,614 per sqft, in line with the AED 1,636 one-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 25 October 2026, is AED 100,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 17,600 a year.

Sales and rents for 1509 over time

Sales
Unit 1509, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 2,025,000Sold by developer, July 2022: AED 1,625,000 (AED 1,614 per sqft)

1509 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1509, each contractTypical one-bed in Elite Downtown Residence
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000Renewal, October 2025: AED 120,000 a yearNew contract, October 2026: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 1509 sits

All 136 1-beds →

1509 last sold in July 2022 at AED 1,614 per sqft, in line with what one-beds in Elite Downtown Residence were fetching at the time (AED 1,636). Over the last 12 months one-beds sold for AED 1,600,000 to 2,190,000, around AED 2,513 per sqft, and rent for AED 80,000 to 155,000 a year. 1509's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
30 Apr 20262,000,000
9 Dec 20252,190,000
4 Dec 20252,065,000
4 1-bed 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 15th floor

All 454 units in Elite Downtown Residence
Value
15011-bedAED 1.66M · Apr 2022
15021-bedAED 2.59M · May 2022
1503StudioAED 1.86M · Jul 2022
15043-bedAED 4.9M · Apr 2024
15052-bedAED 2.67M · Apr 2022
1506StudioAED 1.18M · Aug 2022
1507StudioAED 1.19M · Jun 2022
1–7 of 19

1509, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 4 July 2022 for AED 1,625,000, or AED 1,614 per sqft.
  • Rented since October 2025 on 2 Ejari contracts, from AED 120,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 17,600 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 1,600,000–2,190,000 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 25 October 2026.

Questions about 1509, Elite Downtown Residence

What did unit 1509 last sell for?

AED 1,625,000 on 4 July 2022, sold by the developer: AED 1,614 per sqft for 1,006 sqft. It is the only registered sale of the unit.

What is the rent for unit 1509?

AED 100,000 a year on the contract signed on 25 October 2026. The previous contract, from October 2025, was AED 120,000.

How big is unit 1509?

1,006 sqft (93.5 sqm): a one-bedroom apartment on the 15th floor of a 23-storey tower completed in 2022.

What is unit 1509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 1,600,000 to 2,190,000 in the last 12 months, around AED 2,513 per sqft.

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Mortgage on 1509, Elite Downtown Residence

Starts from the last sale price (AED 1.63M, 4 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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