1716, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1716, Elite Downtown Residence
What is 1716 worth today?
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Source: Dubai Land Department. Updated 2 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 17th of 23
- Parking
- P3-25
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 4.78M · November 2022
- Building
- Elite Downtown Residence
About 1716, Elite Downtown Residence
1716 is a two-bedroom apartment of 1,630 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 2 November 2022 for AED 4,776,000, or AED 2,929 per sqft, 71% above the AED 1,712 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1716 over time
1716 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 1716 sits
All 69 2-beds →1716 last sold in November 2022 at AED 2,929 per sqft, 71% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,712). 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.
| 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 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 | |
| 1704 | 3-bed | 1,616 sqft | AED 5.29MAED 5,292,000 · Apr 2022April 2022 | 300,000 /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 | ||
| 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 |
1716, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 2 November 2022 for AED 4,776,000, or AED 2,929 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 2 November 2022.
Questions about 1716, Elite Downtown Residence
What did unit 1716 last sell for?
AED 4,776,000 on 2 November 2022, sold by the developer: AED 2,929 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1716?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 17th floor of a 23-storey tower completed in 2022.
What is unit 1716 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 1716, Elite Downtown Residence
Starts from the last sale price (AED 4.78M, 2 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,776,000
- Deposit, UAE resident (20%)
- AED 955,200
- Deposit, non-resident (40%)
- AED 1,910,400
- Monthly over 25 years at 3.7%
- AED 19,540
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →