1620, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in December 2021, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1620, Elite Downtown Residence
What is 1620 worth today?
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Source: Dubai Land Department. Updated 4 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 16th of 23
- Parking
- P3-24
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,200 /yr
- Last sold
- AED 850K · December 2021
- Building
- Elite Downtown Residence
About 1620, Elite Downtown Residence
1620 is a studio of 526 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 29 December 2021 for AED 850,000, or AED 1,617 per sqft, 10% below the AED 1,792 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 4 April 2025, is AED 75,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 9,200 a year.
Sales and rents for 1620 over time
1620 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 1620 sits
All 229 studios →1620 last sold in December 2021 at AED 1,617 per sqft, 10% below what studios in Elite Downtown Residence were fetching at the time (AED 1,792). 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. 1620's AED 75,000 is in the lower 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 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 | |
| 1616 | 2-bed | 1,630 sqft | AED 2.34MAED 2,341,750 · Dec 2021December 2021 | 230,000 /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, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 29 December 2021 for AED 850,000, or AED 1,617 per sqft.
- Rented since April 2024 on 2 Ejari contracts, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 9,200 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 4 April 2025.
Questions about 1620, Elite Downtown Residence
What did unit 1620 last sell for?
AED 850,000 on 29 December 2021, sold by the developer: AED 1,617 per sqft for 526 sqft. It is the only registered sale of the unit.
What is the rent for unit 1620?
AED 75,000 a year on the contract renewed on 4 April 2025. The previous contract, from April 2024, was AED 75,000.
How big is unit 1620?
526 sqft (48.9 sqm): a studio on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1620 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 1620, Elite Downtown Residence
Starts from the last sale price (AED 850K, 29 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →