1616, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in December 2021, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1616, Elite Downtown Residence
What is 1616 worth today?
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Source: Dubai Land Department. Updated 12 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 16th of 23
- Parking
- P3-26
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 2.34M · December 2021
- Building
- Elite Downtown Residence
About 1616, Elite Downtown Residence
1616 is a two-bedroom apartment of 1,630 sqft on the 16th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 16 December 2021 for AED 2,341,750, or AED 1,436 per sqft, 6% below the AED 1,524 two-beds in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 12 October 2026, is AED 230,000 a year: a gross yield of 9.8% on the 2021 price, before the service charge of about AED 28,500 a year.
Sales and rents for 1616 over time
1616 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 1616 sits
All 69 2-beds →1616 last sold in December 2021 at AED 1,436 per sqft, 6% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,524). 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. 1616's AED 230,000 is at the top 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 16th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 824 sqft | AED 1.34MAED 1,339,500 · Dec 2021December 2021 | 110,306 /yr | |
| 1602 | 1-bed | 809 sqft | AED 2MAED 2,000,000 · Apr 2026April 2026 | ||
| 1603 | Studio | 497 sqft | AED 945KAED 945,250 · Sep 2021September 2021 | 75,000 /yr | |
| 1604 | 3-bed | 1,616 sqft | AED 2.98MAED 2,981,000 · Mar 2022March 2022 | 220,000 /yr | |
| 1605 | 2-bed | 1,366 sqft | AED 2.84MAED 2,840,000 · Apr 2022April 2022 | ||
| 1606 | Studio | 536 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 65,000 /yr | |
| 1607 | Studio | 533 sqft | AED 1.08MAED 1,080,000 · Jun 2026June 2026 | 70,000 /yr | |
| 1608 | Studio | 514 sqft | AED 1MAED 1,000,000 · Jun 2026June 2026 | ||
| 1609 | 1-bed | 1,006 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1610 | 1-bed | 1,007 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1611 | Studio | 521 sqft | AED 1.24MAED 1,240,000 · Jun 2022June 2022 | 75,000 /yr | |
| 1612 | Studio | 534 sqft | AED 1.04MAED 1,036,800 · May 2022May 2022 | 80,000 /yr | |
| 1613 | Studio | 542 sqft | AED 1.39MAED 1,387,000 · Nov 2022November 2022 | 57,000 /yr | |
| 1614 | 2-bed | 1,760 sqft | AED 3.09MAED 3,088,000 · Jun 2023June 2023 | ||
| 1615 | Studio | 431 sqft | AED 955KAED 954,750 · Jun 2022June 2022 | 55,000 /yr | |
| 1617 | Studio | 522 sqft | AED 925KAED 925,000 · Jan 2022January 2022 | 83,000 /yr | |
| 1618 | 1-bed | 810 sqft | AED 1.2MAED 1,200,000 · Nov 2021November 2021 | 110,000 /yr | |
| 1619 | 1-bed | 810 sqft | AED 1.35MAED 1,350,000 · Mar 2022March 2022 | 115,000 /yr | |
| 1620 | Studio | 526 sqft | AED 850KAED 850,000 · Dec 2021December 2021 | 75,000 /yr |
1616, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 16 December 2021 for AED 2,341,750, or AED 1,436 per sqft.
- Rented since August 2026 on 2 Ejari contracts, from AED 199,464 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2021 price is 9.8%, before a service charge of about AED 28,500 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 12 October 2026.
Questions about 1616, Elite Downtown Residence
What did unit 1616 last sell for?
AED 2,341,750 on 16 December 2021, sold by the developer: AED 1,436 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 1616?
AED 230,000 a year on the contract signed on 12 October 2026. The previous contract, from August 2026, was AED 199,464.
How big is unit 1616?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1616 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 1616, Elite Downtown Residence
Starts from the last sale price (AED 2.34M, 16 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,341,750
- Deposit, UAE resident (20%)
- AED 468,350
- Deposit, non-resident (40%)
- AED 936,700
- Monthly over 25 years at 3.7%
- AED 9,581
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →