1704, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1704, Elite Downtown Residence
What is 1704 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,616 sqft
- Floor
- 17th of 23
- Parking
- P2-79
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,200 /yr
- Last sold
- AED 5.29M · April 2022
- Building
- Elite Downtown Residence
About 1704, Elite Downtown Residence
1704 is a three-bedroom apartment of 1,616 sqft on the 17th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 27 April 2022 for AED 5,292,000, or AED 3,275 per sqft, 77% above the AED 1,852 three-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 5 January 2025, is AED 300,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 28,200 a year.
Sales and rents for 1704 over time
1704 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Elite Downtown Residence, and where 1704 sits
All 20 3-beds →1704 last sold in April 2022 at AED 3,275 per sqft, 77% above what three-beds in Elite Downtown Residence were fetching at the time (AED 1,852). 1704's AED 300,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Mar 20255 March 2025 | 1,616 sqft | 4,600,000 | 2,847 | ||
| 8 Jan 20258 January 2025 | 1,616 sqft | 4,185,000 | 2,590 | ||
| 24 Apr 202424 April 2024 | 1,616 sqft | 4,900,000 | 3,032 | ||
| 11 Mar 202411 March 2024 | 1,616 sqft | 4,300,000 | 2,661 |
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 17th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 1-bed | 824 sqft | AED 2.15MAED 2,150,000 · Nov 2024November 2024 | ||
| 1702 | 1-bed | 809 sqft | AED 3.05MAED 3,046,450 · Aug 2022August 2022 | ||
| 1703 | Studio | 497 sqft | AED 1.15MAED 1,150,000 · Oct 2023October 2023 | 82,000 /yr | |
| 1705 | 2-bed | 1,366 sqft | AED 2.7MAED 2,695,000 · Aug 2022August 2022 | ||
| 1706 | Studio | 536 sqft | AED 1.13MAED 1,127,000 · Aug 2022August 2022 | 80,000 /yr | |
| 1707 | Studio | 533 sqft | AED 1.26MAED 1,257,750 · Jul 2022July 2022 | ||
| 1708 | Studio | 514 sqft | AED 1.2MAED 1,200,000 · Nov 2025November 2025 | ||
| 1709 | 1-bed | 1,006 sqft | AED 2.11MAED 2,107,000 · Dec 2024December 2024 | 120,000 /yr | |
| 1710 | 1-bed | 1,007 sqft | AED 2.11MAED 2,107,000 · Dec 2024December 2024 | 100,000 /yr | |
| 1711 | Studio | 521 sqft | AED 878KAED 878,000 · Mar 2022March 2022 | 75,000 /yr | |
| 1712 | Studio | 534 sqft | AED 878KAED 878,000 · Mar 2022March 2022 | 65,000 /yr | |
| 1713 | Studio | 542 sqft | AED 1.33MAED 1,325,000 · Sep 2022September 2022 | ||
| 1714 | 2-bed | 1,760 sqft | AED 2.84MAED 2,840,880 · Sep 2023September 2023 | ||
| 1715 | Studio | 431 sqft | AED 1.3MAED 1,300,000 · Sep 2024September 2024 | ||
| 1716 | 2-bed | 1,630 sqft | AED 4.78MAED 4,776,000 · Nov 2022November 2022 | ||
| 1717 | Studio | 522 sqft | AED 989KAED 989,000 · Apr 2022April 2022 | 59,500 /yr | |
| 1718 | 1-bed | 810 sqft | AED 1.26MAED 1,258,800 · Jun 2024June 2024 | 100,000 /yr | |
| 1719 | 1-bed | 810 sqft | AED 1.19MAED 1,193,200 · Mar 2022March 2022 | 112,500 /yr | |
| 1720 | Studio | 526 sqft | AED 1.58MAED 1,575,000 · Feb 2023February 2023 | 72,000 /yr |
1704, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 27 April 2022 for AED 5,292,000, or AED 3,275 per sqft.
- Rented since January 2023 on 3 Ejari contracts, from AED 650,000 to AED 300,000 a year.
- At AED 300,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 28,200 a year (AED 17.47 per sqft).
Source: Dubai Land Department. Updated 5 January 2025.
Questions about 1704, Elite Downtown Residence
What did unit 1704 last sell for?
AED 5,292,000 on 27 April 2022, sold by the developer: AED 3,275 per sqft for 1,616 sqft. It is the only registered sale of the unit.
What is the rent for unit 1704?
AED 300,000 a year on the contract renewed on 5 January 2025. The previous contract, from January 2024, was AED 300,000; the unit has been rented since January 2023.
How big is unit 1704?
1,616 sqft (150.1 sqm): a three-bedroom apartment on the 17th floor of a 23-storey tower completed in 2022.
What is unit 1704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 1704? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1704, Elite Downtown Residence
Starts from the last sale price (AED 5.29M, 27 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 5,292,000
- Deposit, UAE resident (20%)
- AED 1,058,400
- Deposit, non-resident (40%)
- AED 2,116,800
- Monthly over 25 years at 3.7%
- AED 21,651
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →