616, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Elite Downtown Residence
What is 616 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 6th of 23
- Parking
- P1-49
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.02M · September 2023
- Building
- Elite Downtown Residence
About 616, Elite Downtown Residence
616 is a two-bedroom apartment of 1,630 sqft on the 6th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 13 September 2023 for AED 3,018,880, or AED 1,851 per sqft, in line with the AED 1,826 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2026. The current contract, signed on 1 September 2026, is AED 190,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 28,500 a year.
Sales and rents for 616 over time
616 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 616 sits
All 69 2-beds →616 last sold in September 2023 at AED 1,851 per sqft, in line with what two-beds in Elite Downtown Residence were fetching at the time (AED 1,826). 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. 616's AED 190,000 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 6th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 824 sqft | AED 1.65MAED 1,650,000 · Feb 2025February 2025 | 85,000 /yr | |
| 602 | 1-bed | 809 sqft | AED 1.76MAED 1,757,700 · Jun 2022June 2022 | 119,678 /yr | |
| 603 | Studio | 497 sqft | AED 1.29MAED 1,285,000 · Mar 2022March 2022 | ||
| 604 | 3-bed | 1,616 sqft | AED 3.49MAED 3,485,240 · Sep 2023September 2023 | 220,000 /yr | |
| 605 | 2-bed | 1,366 sqft | AED 2.34MAED 2,340,000 · Sep 2022September 2022 | 96,000 /yr | |
| 606 | Studio | 536 sqft | AED 968KAED 968,200 · Jun 2022June 2022 | 75,000 /yr | |
| 607 | Studio | 533 sqft | AED 967KAED 967,200 · Jun 2022June 2022 | 84,000 /yr | |
| 608 | Studio | 514 sqft | AED 954KAED 954,100 · Jun 2022June 2022 | 70,189 /yr | |
| 609 | 1-bed | 1,006 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 610 | 1-bed | 990 sqft | AED 1.18MAED 1,179,000 · Feb 2022February 2022 | ||
| 611 | Studio | 521 sqft | AED 820KAED 820,000 · May 2022May 2022 | 60,000 /yr | |
| 612 | Studio | 534 sqft | AED 935KAED 935,000 · Sep 2026September 2026 | 75,000 /yr | |
| 613 | Studio | 542 sqft | AED 860KAED 860,000 · Apr 2022April 2022 | 65,000 /yr | |
| 614 | 2-bed | 1,760 sqft | AED 2.23MAED 2,233,500 · Mar 2022March 2022 | ||
| 615 | Studio | 431 sqft | AED 1.21MAED 1,206,840 · Sep 2023September 2023 | 80,000 /yr | |
| 617 | Studio | 522 sqft | AED 1.15MAED 1,145,000 · Apr 2022April 2022 | ||
| 618 | 1-bed | 810 sqft | AED 2.26MAED 2,259,600 · Jan 2023January 2023 | 120,000 /yr | |
| 619 | 1-bed | 810 sqft | AED 2.39MAED 2,387,400 · Nov 2022November 2022 | ||
| 620 | Studio | 526 sqft | AED 1.19MAED 1,190,000 · Jan 2025January 2025 |
616, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 September 2023 for AED 3,018,880, or AED 1,851 per sqft.
- Rented since September 2026 on one Ejari contract, at AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2023 price is 6.3%, 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 1 September 2026.
Questions about 616, Elite Downtown Residence
What did unit 616 last sell for?
AED 3,018,880 on 13 September 2023, sold by the developer: AED 1,851 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 190,000 a year on the contract signed on 1 September 2026.
How big is unit 616?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 6th floor of a 23-storey tower completed in 2022.
What is unit 616 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 616, Elite Downtown Residence
Starts from the last sale price (AED 3.02M, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,018,880
- Deposit, UAE resident (20%)
- AED 603,776
- Deposit, non-resident (40%)
- AED 1,207,552
- Monthly over 25 years at 3.7%
- AED 12,351
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →