516, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Elite Downtown Residence
What is 516 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 5th of 23
- Parking
- M-50
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 2.95M · September 2023
- Building
- Elite Downtown Residence
About 516, Elite Downtown Residence
516 is a two-bedroom apartment of 1,628 sqft on the 5th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 12 September 2023 for AED 2,947,680, or AED 1,810 per sqft, in line with the AED 1,810 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2026. The current contract, signed on 1 October 2026, is AED 130,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 28,400 a year.
Sales and rents for 516 over time
516 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 516 sits
All 69 2-beds →516 last sold in September 2023 at AED 1,810 per sqft, in line with what two-beds in Elite Downtown Residence were fetching at the time (AED 1,810). 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. 516's AED 130,000 is at the bottom 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 5th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 821 sqft | AED 1.9MAED 1,900,000 · May 2022May 2022 | ||
| 502 | 1-bed | 806 sqft | AED 2.32MAED 2,317,100 · May 2022May 2022 | ||
| 503 | Studio | 495 sqft | AED 1.06MAED 1,059,100 · Apr 2022April 2022 | 120,000 /yr | |
| 504 | 3-bed | 1,616 sqft | AED 3.7MAED 3,700,000 · Dec 2022December 2022 | ||
| 505 | 2-bed | 1,363 sqft | AED 2.3MAED 2,300,000 · Dec 2022December 2022 | ||
| 506 | Studio | 536 sqft | AED 931KAED 931,000 · May 2022May 2022 | ||
| 507 | Studio | 531 sqft | AED 950KAED 950,000 · May 2022May 2022 | 120,000 /yr | |
| 508 | Studio | 516 sqft | AED 941KAED 940,500 · Jun 2022June 2022 | ||
| 509 | 1-bed | 1,002 sqft | AED 1.22MAED 1,217,130 · Apr 2022April 2022 | 130,000 /yr | |
| 510 | 1-bed | 1,003 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 511 | Studio | 524 sqft | AED 1.1MAED 1,100,000 · Nov 2023November 2023 | 68,000 /yr | |
| 512 | Studio | 531 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 65,000 /yr | |
| 513 | Studio | 541 sqft | AED 790KAED 790,000 · Aug 2022August 2022 | 70,000 /yr | |
| 514 | 2-bed | 1,760 sqft | AED 2.2MAED 2,198,300 · May 2022May 2022 | 140,000 /yr | |
| 515 | Studio | 433 sqft | AED 1.16MAED 1,160,000 · Oct 2025October 2025 | 60,000 /yr | |
| 517 | Studio | 524 sqft | AED 1.05MAED 1,050,000 · Aug 2025August 2025 | 65,000 /yr | |
| 518 | 1-bed | 807 sqft | AED 1.23MAED 1,228,845 · Feb 2022February 2022 | 145,000 /yr | |
| 519 | 1-bed | 807 sqft | AED 1.6MAED 1,600,000 · Oct 2026October 2026 | 96,864 /yr | |
| 520 | Studio | 526 sqft | AED 750KAED 750,000 · Dec 2021December 2021 | 75,000 /yr |
516, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 12 September 2023 for AED 2,947,680, or AED 1,810 per sqft.
- Rented since October 2026 on one Ejari contract, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 28,400 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 1 October 2026.
Questions about 516, Elite Downtown Residence
What did unit 516 last sell for?
AED 2,947,680 on 12 September 2023, sold by the developer: AED 1,810 per sqft for 1,628 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 130,000 a year on the contract signed on 1 October 2026.
How big is unit 516?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower completed in 2022.
What is unit 516 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 516, Elite Downtown Residence
Starts from the last sale price (AED 2.95M, 12 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,947,680
- Deposit, UAE resident (20%)
- AED 589,536
- Deposit, non-resident (40%)
- AED 1,179,072
- Monthly over 25 years at 3.7%
- AED 12,060
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →