2016, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, Elite Downtown Residence
What is 2016 worth today?
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Source: Dubai Land Department. Updated 11 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 20th of 23
- Parking
- P2-39
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.77M · April 2022
- Building
- Elite Downtown Residence
About 2016, Elite Downtown Residence
2016 is a two-bedroom apartment of 1,630 sqft on the 20th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 19 April 2022 for AED 3,771,500, or AED 2,313 per sqft, 52% above the AED 1,521 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 12 Ejari contracts. The current contract, signed on 11 April 2026, is AED 200,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 28,500 a year.
Sales and rents for 2016 over time
2016 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 2016 sits
All 69 2-beds →2016 last sold in April 2022 at AED 2,313 per sqft, 52% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,521). 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. 2016's AED 200,000 is in the upper half 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 20th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 824 sqft | AED 1.49MAED 1,490,000 · Mar 2022March 2022 | 100,000 /yr | |
| 2002 | 1-bed | 809 sqft | AED 2.49MAED 2,491,337 · Apr 2022April 2022 | 100,000 /yr | |
| 2003 | Studio | 497 sqft | AED 2.08MAED 2,078,550 · Oct 2022October 2022 | 89,759 /yr | |
| 2004 | 3-bed | 1,616 sqft | AED 4.74MAED 4,743,750 · Dec 2023December 2023 | 240,000 /yr | |
| 2005 | 2-bed | 1,366 sqft | AED 2.55MAED 2,550,000 · Aug 2026August 2026 | 220,000 /yr | |
| 2006 | Studio | 536 sqft | AED 1.32MAED 1,320,760 · Sep 2023September 2023 | 50,000 /yr | |
| 2007 | Studio | 533 sqft | AED 1.15MAED 1,150,000 · Oct 2025October 2025 | 80,000 /yr | |
| 2008 | Studio | 514 sqft | AED 1.15MAED 1,150,000 · Oct 2025October 2025 | 70,000 /yr | |
| 2009 | 1-bed | 1,006 sqft | AED 2.02MAED 2,022,750 · Aug 2022August 2022 | 83,000 /yr | |
| 2010 | 1-bed | 1,007 sqft | AED 1.67MAED 1,669,500 · Aug 2022August 2022 | 94,500 /yr | |
| 2011 | Studio | 521 sqft | AED 1.15MAED 1,145,000 · Jul 2025July 2025 | 63,000 /yr | |
| 2012 | Studio | 534 sqft | AED 1.32MAED 1,320,760 · Sep 2023September 2023 | 80,000 /yr | |
| 2013 | Studio | 542 sqft | AED 1.15MAED 1,150,000 · Aug 2025August 2025 | 63,000 /yr | |
| 2014 | 2-bed | 1,760 sqft | AED 3.35MAED 3,347,904 · May 2026May 2026 | 160,000 /yr | |
| 2015 | Studio | 431 sqft | AED 1.32MAED 1,315,000 · Nov 2024November 2024 | ||
| 2017 | Studio | 522 sqft | AED 1.32MAED 1,315,000 · May 2022May 2022 | 83,000 /yr | |
| 2018 | 1-bed | 810 sqft | AED 1.48MAED 1,481,050 · Mar 2022March 2022 | 90,000 /yr | |
| 2019 | 1-bed | 810 sqft | AED 1.9MAED 1,900,000 · Jun 2025June 2025 | 120,000 /yr | |
| 2020 | Studio | 526 sqft | AED 1.02MAED 1,023,000 · Jun 2022June 2022 | 100,000 /yr |
2016, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 April 2022 for AED 3,771,500, or AED 2,313 per sqft.
- Rented since October 2022 on 12 Ejari contracts, from AED 130,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2022 price is 5.3%, 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 11 April 2026.
Questions about 2016, Elite Downtown Residence
What did unit 2016 last sell for?
AED 3,771,500 on 19 April 2022, sold by the developer: AED 2,313 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 2016?
AED 200,000 a year on the contract signed on 11 April 2026. The previous contract, from September 2025, was AED 220,000; the unit has been rented since October 2022.
How big is unit 2016?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 20th floor of a 23-storey tower completed in 2022.
What is unit 2016 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 2016, Elite Downtown Residence
Starts from the last sale price (AED 3.77M, 19 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,771,500
- Deposit, UAE resident (20%)
- AED 754,300
- Deposit, non-resident (40%)
- AED 1,508,600
- Monthly over 25 years at 3.7%
- AED 15,430
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →