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1-bed · 821 sqftElite Downtown Residence, Downtown Dubai · 4th floor · completed 2022

401, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 16 October 2026
Last soldAED 1.42M6 April 2022
Current rentAED 85K /yr16 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Elite Downtown Residence

What is 401 worth today?

Last sold for AED 1,420,000 in 2022

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16 Oct 2026RentedRenewal
AED 85,000/yr12 months · AED 104 per sqft
16 Oct 2025RentedNew contract
AED 104,000/yr12 months · AED 127 per sqft
6 Apr 2022Sold by developerReady
AED 1,420,000AED 1,728 per sqft

Source: Dubai Land Department. Updated 16 October 2026.

Key facts

Type
1-bed apartment
Size
821 sqft
Floor
4th of 23
Parking
B-66
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,300 /yr
Last sold
AED 1.42M · April 2022
Building
Elite Downtown Residence

About 401, Elite Downtown Residence

401 is a one-bedroom apartment of 821 sqft on the 4th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 6 April 2022 for AED 1,420,000, or AED 1,728 per sqft, 11% above the AED 1,554 one-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 16 October 2026, is AED 85,000 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 14,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 2,025,000Sold by developer, April 2022: AED 1,420,000 (AED 1,728 per sqft)

401 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 401, each contractTypical one-bed in Elite Downtown Residence
100K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 100,000New contract, October 2025: AED 104,000 a yearRenewal, October 2026: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 401 sits

All 136 1-beds →

401 last sold in April 2022 at AED 1,728 per sqft, 11% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,554). Over the last 12 months one-beds sold for AED 1,600,000 to 2,190,000, around AED 2,513 per sqft, and rent for AED 80,000 to 155,000 a year. 401's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
30 Apr 20262,000,000
9 Dec 20252,190,000
4 Dec 20252,065,000
4 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 4th floor

All 454 units in Elite Downtown Residence
Value
4021-bedAED 2.19M · Dec 2025
403StudioAED 1.6M · Aug 2024
4043-bedAED 4M · Oct 2022
4052-bedAED 2.17M · Apr 2022
406StudioAED 995K · Jul 2018
407StudioAED 926K · Jun 2022
408StudioAED 926K · Jun 2022
1–7 of 19

401, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 6 April 2022 for AED 1,420,000, or AED 1,728 per sqft.
  • Rented since October 2025 on 2 Ejari contracts, from AED 104,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 6.0%, before a service charge of about AED 14,300 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 1,600,000–2,190,000 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 16 October 2026.

Questions about 401, Elite Downtown Residence

What did unit 401 last sell for?

AED 1,420,000 on 6 April 2022, sold by the developer: AED 1,728 per sqft for 821 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 85,000 a year on the contract renewed on 16 October 2026. The previous contract, from October 2025, was AED 104,000.

How big is unit 401?

821 sqft (76.3 sqm): a one-bedroom apartment on the 4th floor of a 23-storey tower completed in 2022.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 1,600,000 to 2,190,000 in the last 12 months, around AED 2,513 per sqft.

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Mortgage on 401, Elite Downtown Residence

Starts from the last sale price (AED 1.42M, 6 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →