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Studio · 497 sqftElite Downtown Residence, Downtown Dubai · 17th floor · completed 2022

1703, Elite Downtown Residence

Sold prices and rental history: sold twice, last in October 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 1.15M30 October 2023
Current rentAED 82K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1703, Elite Downtown Residence

What is 1703 worth today?

Last sold for AED 1,150,000 in 2023

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1 May 2025RentedNew contract
AED 82,000/yr24 months · AED 166 per sqft
3 Apr 2024RentedNew contract
AED 85,000/yr12 months · AED 172 per sqft
30 Oct 2023SoldReady
AED 1,150,000AED 2,314 per sqft
1 Mar 2022Sold by developerOff-plan
AED 1,118,000AED 2,249 per sqft

Source: Dubai Land Department. Updated 1 May 2025.

Key facts

Type
Studio apartment
Size
497 sqft
Floor
17th of 23
Parking
P3-29
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 8,700 /yr
Last sold
AED 1.15M · October 2023
Building
Elite Downtown Residence

About 1703, Elite Downtown Residence

1703 is a studio of 497 sqft on the 17th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 30 October 2023 for AED 1,150,000, or AED 2,314 per sqft, 11% below the AED 2,614 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 May 2025, is AED 82,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 8,700 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical studio in Elite Downtown Residence
1M1.25M2021202320252027Typical sale price by year: 2021 AED 867,000; 2022 AED 1,017,425; 2023 AED 1,331,440; 2024 AED 1,255,000; 2025 AED 1,150,000; 2026 AED 1,090,000Sold by developer, March 2022: AED 1,118,000 (AED 2,249 per sqft)Sold, October 2023: AED 1,150,000 (AED 2,314 per sqft)

1703 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1703, each contractTypical studio in Elite Downtown Residence
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 78,000; 2026 AED 69,632New contract, April 2024: AED 85,000 a yearNew contract, May 2025: AED 82,000 a year

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 1703 sits

All 229 studios →

1703 last sold in October 2023 at AED 2,314 per sqft, 11% below what studios in Elite Downtown Residence were fetching at the time (AED 2,614). 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. 1703's AED 82,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
18 Sep 2026935,000
18 Sep 2026950,000
30 Jul 20261,100,000
23 Jul 20261,230,000
18 studio 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 17th floor

All 454 units in Elite Downtown Residence
Value
17011-bedAED 2.15M · Nov 2024
17021-bedAED 3.05M · Aug 2022
17043-bedAED 5.29M · Apr 2022
17052-bedAED 2.7M · Aug 2022
1706StudioAED 1.13M · Aug 2022
1707StudioAED 1.26M · Jul 2022
1708StudioAED 1.2M · Nov 2025
1–7 of 19

1703, Elite Downtown Residence in numbers

  • Sold twice: first on 1 March 2022 for AED 1,118,000, last on 30 October 2023 for AED 1,150,000 (AED 2,314 per sqft).
  • Rented since April 2024 on 2 Ejari contracts, from AED 85,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2023 price is 7.1%, before a service charge of about AED 8,700 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 1 May 2025.

Questions about 1703, Elite Downtown Residence

What did unit 1703 last sell for?

AED 1,150,000 on 30 October 2023: AED 2,314 per sqft for 497 sqft. The unit has 2 registered sales; the first was AED 1,118,000 in March 2022.

What is the rent for unit 1703?

AED 82,000 a year on the contract signed on 1 May 2025. The previous contract, from April 2024, was AED 85,000.

How big is unit 1703?

497 sqft (46.2 sqm): a studio on the 17th floor of a 23-storey tower completed in 2022.

What is unit 1703 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 1703, Elite Downtown Residence

Starts from the last sale price (AED 1.15M, 30 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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