216, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2023, 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 216, Elite Downtown Residence
What is 216 worth today?
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Source: Dubai Land Department. Updated 10 April 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 2nd of 23
- Parking
- B-52
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 2.85M · April 2023
- Building
- Elite Downtown Residence
About 216, Elite Downtown Residence
216 is a two-bedroom apartment of 1,628 sqft on the 2nd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 10 April 2023 for AED 2,850,000, or AED 1,750 per sqft, 5% below the AED 1,840 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 216 over time
216 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 216 sits
All 69 2-beds →216 last sold in April 2023 at AED 1,750 per sqft, 5% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,840). 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 2nd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 821 sqft | AED 2.27MAED 2,273,112 · Mar 2024March 2024 | 80,000 /yr | |
| 202 | 1-bed | 806 sqft | AED 1.55MAED 1,545,840 · Feb 2022February 2022 | 95,000 /yr | |
| 203 | Studio | 495 sqft | AED 1.31MAED 1,310,000 · Sep 2024September 2024 | ||
| 204 | 3-bed | 1,616 sqft | AED 3.34MAED 3,335,720 · Sep 2023September 2023 | 80,000 /yr | |
| 205 | 2-bed | 1,363 sqft | AED 2.38MAED 2,384,000 · Dec 2022December 2022 | ||
| 206 | Studio | 536 sqft | AED 990KAED 990,000 · Jun 2022June 2022 | 94,500 /yr | |
| 207 | Studio | 531 sqft | AED 1.1MAED 1,100,000 · Mar 2024March 2024 | 60,000 /yr | |
| 208 | Studio | 516 sqft | AED 780KAED 780,000 · Mar 2022March 2022 | 66,000 /yr | |
| 209 | 1-bed | 1,002 sqft | AED 1.65MAED 1,650,000 · Dec 2024December 2024 | 110,000 /yr | |
| 210 | 1-bed | 1,003 sqft | AED 1.53MAED 1,525,500 · Jun 2022June 2022 | 125,000 /yr | |
| 211 | Studio | 524 sqft | AED 1.21MAED 1,212,112 · Apr 2024April 2024 | 85,000 /yr | |
| 212 | Studio | 531 sqft | AED 935KAED 935,000 · May 2022May 2022 | 60,000 /yr | |
| 213 | Studio | 541 sqft | AED 802KAED 801,655 · Feb 2022February 2022 | 110,000 /yr | |
| 214 | 2-bed | 1,760 sqft | AED 1.97MAED 1,970,000 · Mar 2022March 2022 | 145,000 /yr | |
| 215 | Studio | 433 sqft | AED 860KAED 860,000 · Jun 2022June 2022 | 85,000 /yr | |
| 217 | Studio | 524 sqft | AED 1.18MAED 1,182,500 · Aug 2023August 2023 | 82,000 /yr | |
| 218 | 1-bed | 807 sqft | AED 1.76MAED 1,760,000 · Jul 2022July 2022 | 102,000 /yr | |
| 219 | 1-bed | 807 sqft | AED 1.25MAED 1,250,000 · Mar 2022March 2022 | 110,000 /yr | |
| 220 | Studio | 526 sqft | AED 1MAED 1,000,000 · May 2022May 2022 | 75,000 /yr |
216, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 10 April 2023 for AED 2,850,000, or AED 1,750 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 10 April 2023.
Questions about 216, Elite Downtown Residence
What did unit 216 last sell for?
AED 2,850,000 on 10 April 2023, sold by the developer: AED 1,750 per sqft for 1,628 sqft. It is the only registered sale of the unit.
How big is unit 216?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 2nd floor of a 23-storey tower completed in 2022.
What is unit 216 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 216, Elite Downtown Residence
Starts from the last sale price (AED 2.85M, 10 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →