2316, 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 2316, Elite Downtown Residence
What is 2316 worth today?
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Source: Dubai Land Department. Updated 10 November 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 23rd of 23
- Parking
- P1-39
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 4.54M · April 2022
- Building
- Elite Downtown Residence
About 2316, Elite Downtown Residence
2316 is a two-bedroom apartment of 1,630 sqft on the 23rd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 7 April 2022 for AED 4,543,337, or AED 2,787 per sqft, 91% above the AED 1,462 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 10 November 2026, is AED 170,000 a year: a gross yield of 3.7% on the 2022 price, before the service charge of about AED 28,500 a year.
Sales and rents for 2316 over time
2316 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 2316 sits
All 69 2-beds →2316 last sold in April 2022 at AED 2,787 per sqft, 91% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,462). 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. 2316's AED 170,000 is in the lower 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 23rd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 824 sqft | AED 3.21MAED 3,210,800 · Nov 2022November 2022 | ||
| 2302 | 1-bed | 809 sqft | AED 2.25MAED 2,250,000 · Jun 2025June 2025 | ||
| 2303 | Studio | 497 sqft | AED 2.56MAED 2,555,500 · Dec 2022December 2022 | 78,000 /yr | |
| 2304 | 3-bed | 1,616 sqft | AED 4.45MAED 4,453,240 · Sep 2023September 2023 | ||
| 2305 | 2-bed | 1,366 sqft | AED 2.93MAED 2,933,440 · Sep 2023September 2023 | 185,000 /yr | |
| 2306 | Studio | 536 sqft | AED 1.17MAED 1,170,000 · Feb 2025February 2025 | 60,000 /yr | |
| 2307 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 65,000 /yr | |
| 2308 | Studio | 514 sqft | AED 1.18MAED 1,175,000 · Jun 2025June 2025 | 60,000 /yr | |
| 2309 | 1-bed | 1,006 sqft | AED 2.28MAED 2,281,600 · Nov 2022November 2022 | ||
| 2310 | 1-bed | 1,007 sqft | AED 2.31MAED 2,310,750 · Jul 2022July 2022 | ||
| 2311 | Studio | 521 sqft | AED 1.5MAED 1,500,000 · Feb 2023February 2023 | ||
| 2312 | Studio | 534 sqft | AED 1.42MAED 1,419,600 · Jan 2023January 2023 | 80,000 /yr | |
| 2313 | Studio | 542 sqft | AED 1.1MAED 1,100,000 · Jul 2025July 2025 | 88,000 /yr | |
| 2314 | 2-bed | 1,760 sqft | AED 3.12MAED 3,122,120 · Sep 2023September 2023 | ||
| 2315 | Studio | 431 sqft | AED 1.34MAED 1,336,500 · Jan 2025January 2025 | ||
| 2317 | Studio | 522 sqft | AED 2.46MAED 2,460,500 · Dec 2022December 2022 | ||
| 2318 | 1-bed | 810 sqft | AED 2.71MAED 2,712,000 · May 2023May 2023 | ||
| 2319 | 1-bed | 810 sqft | AED 2.62MAED 2,615,800 · May 2023May 2023 | 155,000 /yr | |
| 2320 | Studio | 526 sqft | AED 1.78MAED 1,781,000 · May 2023May 2023 |
2316, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 7 April 2022 for AED 4,543,337, or AED 2,787 per sqft.
- Rented since November 2022 on 5 Ejari contracts, at AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2022 price is 3.7%, 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 10 November 2026.
Questions about 2316, Elite Downtown Residence
What did unit 2316 last sell for?
AED 4,543,337 on 7 April 2022, sold by the developer: AED 2,787 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 2316?
AED 170,000 a year on the contract signed on 10 November 2026. The previous contract, from November 2025, was AED 170,000; the unit has been rented since November 2022.
How big is unit 2316?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 23rd floor of a 23-storey tower completed in 2022.
What is unit 2316 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 2316, Elite Downtown Residence
Starts from the last sale price (AED 4.54M, 7 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,543,337
- Deposit, UAE resident (20%)
- AED 908,667
- Deposit, non-resident (40%)
- AED 1,817,335
- Monthly over 25 years at 3.7%
- AED 18,588
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →