414, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from March 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 414, Elite Downtown Residence
What is 414 worth today?
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Source: Dubai Land Department. Updated 19 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,760 sqft
- Floor
- 4th of 23
- Parking
- B-73
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 30,700 /yr
- Last sold
- AED 1.9M · April 2022
- Building
- Elite Downtown Residence
About 414, Elite Downtown Residence
414 is a two-bedroom apartment of 1,760 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 7 April 2022 for AED 1,900,000, or AED 1,079 per sqft, 26% below the AED 1,462 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 19 March 2024. The current contract, signed on 19 March 2024, is AED 200,000 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 30,700 a year.
Sales and rents for 414 over time
414 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 414 sits
All 69 2-beds →414 last sold in April 2022 at AED 1,079 per sqft, 26% below 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. 414'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 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 | |
| 412 | Studio | 531 sqft | AED 1.07MAED 1,065,000 · Aug 2024August 2024 | 60,000 /yr | |
| 413 | Studio | 541 sqft | AED 810KAED 809,775 · Feb 2022February 2022 | 110,000 /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 |
414, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 7 April 2022 for AED 1,900,000, or AED 1,079 per sqft.
- Rented since March 2024 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2022 price is 10.5%, before a service charge of about AED 30,700 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 19 March 2024.
Questions about 414, Elite Downtown Residence
What did unit 414 last sell for?
AED 1,900,000 on 7 April 2022, sold by the developer: AED 1,079 per sqft for 1,760 sqft. It is the only registered sale of the unit.
What is the rent for unit 414?
AED 200,000 a year on the contract signed on 19 March 2024.
How big is unit 414?
1,760 sqft (163.5 sqm): a two-bedroom apartment on the 4th floor of a 23-storey tower completed in 2022.
What is unit 414 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 414, Elite Downtown Residence
Starts from the last sale price (AED 1.9M, 7 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →