412, Elite Downtown Residence
Sold prices and rental history: sold twice, last in August 2024, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 412, Elite Downtown Residence
What is 412 worth today?
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Source: Dubai Land Department. Updated 6 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 531 sqft
- Floor
- 4th of 23
- Parking
- M-07
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.07M · August 2024
- Building
- Elite Downtown Residence
About 412, Elite Downtown Residence
412 is a studio of 531 sqft on the 4th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . It last sold on 6 August 2024 for AED 1,065,000, or AED 2,004 per sqft, 16% below the AED 2,389 studios in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 6 September 2026, is AED 60,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 9,300 a year.
Sales and rents for 412 over time
412 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Downtown Residence, and where 412 sits
All 229 studios →412 last sold in August 2024 at AED 2,004 per sqft, 16% below what studios in Elite Downtown Residence were fetching at the time (AED 2,389). Over the last 12 months studios sold for AED 935,000 to 1,400,000, around AED 2,208 per sqft, and rent for AED 45,000 to 120,000 a year. 412's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 534 sqft | 935,000 | 1,752 | ||
| 18 Sep 202618 September 2026 | 431 sqft | 950,000 | 2,202 | ||
| 30 Jul 202630 July 2026 | 497 sqft | 1,100,000 | 2,213 | ||
| 23 Jul 202623 July 2026 | 526 sqft | 1,230,000 | 2,340 |
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 4th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 821 sqft | AED 1.42MAED 1,420,000 · Apr 2022April 2022 | 85,000 /yr | |
| 402 | 1-bed | 806 sqft | AED 2.19MAED 2,190,000 · Dec 2025December 2025 | ||
| 403 | Studio | 495 sqft | AED 1.6MAED 1,600,000 · Aug 2024August 2024 | ||
| 404 | 3-bed | 1,616 sqft | AED 4MAED 4,000,000 · Oct 2022October 2022 | ||
| 405 | 2-bed | 1,363 sqft | AED 2.17MAED 2,169,000 · Apr 2022April 2022 | ||
| 406 | Studio | 536 sqft | AED 995KAED 994,708 · Jul 2018July 2018 | ||
| 407 | Studio | 531 sqft | AED 926KAED 925,900 · Jun 2022June 2022 | 75,000 /yr | |
| 408 | Studio | 516 sqft | AED 926KAED 925,900 · Jun 2022June 2022 | 75,000 /yr | |
| 409 | 1-bed | 1,002 sqft | AED 1.21MAED 1,211,910 · Apr 2022April 2022 | 130,000 /yr | |
| 410 | 1-bed | 990 sqft | AED 1.28MAED 1,275,850 · Jan 2022January 2022 | 110,000 /yr | |
| 411 | Studio | 524 sqft | AED 884KAED 883,500 · Apr 2022April 2022 | 80,000 /yr | |
| 413 | Studio | 541 sqft | AED 810KAED 809,775 · Feb 2022February 2022 | 110,000 /yr | |
| 414 | 2-bed | 1,760 sqft | AED 1.9MAED 1,900,000 · Apr 2022April 2022 | 200,000 /yr | |
| 415 | Studio | 433 sqft | AED 1.34MAED 1,339,800 · Jan 2023January 2023 | 68,000 /yr | |
| 416 | 2-bed | 1,628 sqft | AED 2.91MAED 2,912,080 · Sep 2023September 2023 | ||
| 417 | Studio | 524 sqft | AED 1.28MAED 1,275,000 · May 2022May 2022 | ||
| 418 | 1-bed | 807 sqft | AED 1.5MAED 1,495,000 · May 2022May 2022 | 95,000 /yr | |
| 419 | 1-bed | 807 sqft | AED 1.25MAED 1,250,000 · Apr 2022April 2022 | 105,000 /yr | |
| 420 | Studio | 526 sqft | AED 1.3MAED 1,304,000 · Mar 2023March 2023 |
412, Elite Downtown Residence in numbers
- Sold twice: first on 19 May 2022 for AED 921,500, last on 6 August 2024 for AED 1,065,000 (AED 2,004 per sqft).
- Rented since February 2026 on 2 Ejari contracts, from AED 75,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 9,300 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 935,000–1,400,000 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 6 September 2026.
Questions about 412, Elite Downtown Residence
What did unit 412 last sell for?
AED 1,065,000 on 6 August 2024: AED 2,004 per sqft for 531 sqft. The unit has 2 registered sales; the first was AED 921,500 in May 2022.
What is the rent for unit 412?
AED 60,000 a year on the contract signed on 6 September 2026. The previous contract, from February 2026, was AED 75,000.
How big is unit 412?
531 sqft (49.3 sqm): a studio on the 4th floor of a 23-storey tower completed in 2022.
What is unit 412 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Downtown Residence sold for AED 935,000 to 1,400,000 in the last 12 months, around AED 2,208 per sqft.
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Mortgage on 412, Elite Downtown Residence
Starts from the last sale price (AED 1.07M, 6 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,065,000
- Deposit, UAE resident (20%)
- AED 213,000
- Deposit, non-resident (40%)
- AED 426,000
- Monthly over 25 years at 3.7%
- AED 4,357
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →