704, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in January 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Elite Downtown Residence
What is 704 worth today?
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Source: Dubai Land Department. Updated 21 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,616 sqft
- Floor
- 7th of 23
- Parking
- B-76
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,200 /yr
- Last sold
- AED 4.19M · January 2025
- Building
- Elite Downtown Residence
About 704, Elite Downtown Residence
704 is a three-bedroom apartment of 1,616 sqft on the 7th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements . The developer sold it on 8 January 2025 for AED 4,185,000, or AED 2,590 per sqft, in line with the AED 2,661 three-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 21 June 2025, is AED 300,000 a year: a gross yield of 7.2% on the 2025 price, before the service charge of about AED 28,200 a year.
Sales and rents for 704 over time
704 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Elite Downtown Residence, and where 704 sits
All 20 3-beds →704 last sold in January 2025 at AED 2,590 per sqft, in line with what three-beds in Elite Downtown Residence were fetching at the time (AED 2,661). 704's AED 300,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Mar 20255 March 2025 | 1,616 sqft | 4,600,000 | 2,847 | ||
| 24 Apr 202424 April 2024 | 1,616 sqft | 4,900,000 | 3,032 | ||
| 11 Mar 202411 March 2024 | 1,616 sqft | 4,300,000 | 2,661 | ||
| 6 Dec 20236 December 2023 | 1,616 sqft | 4,743,750 | 2,936 |
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 7th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 824 sqft | AED 2.3MAED 2,295,000 · Aug 2022August 2022 | 93,844 /yr | |
| 702 | 1-bed | 809 sqft | AED 2.07MAED 2,065,000 · Dec 2025December 2025 | ||
| 703 | Studio | 497 sqft | AED 1.1MAED 1,100,000 · Jul 2026July 2026 | ||
| 705 | 2-bed | 1,366 sqft | AED 2.5MAED 2,500,000 · Aug 2022August 2022 | ||
| 706 | Studio | 536 sqft | AED 827KAED 826,500 · Apr 2022April 2022 | 64,000 /yr | |
| 707 | Studio | 533 sqft | AED 1.13MAED 1,130,000 · Aug 2022August 2022 | 115,000 /yr | |
| 708 | Studio | 514 sqft | AED 828KAED 828,000 · Mar 2022March 2022 | ||
| 709 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | 130,000 /yr | |
| 710 | 1-bed | 994 sqft | AED 1.25MAED 1,249,000 · Dec 2021December 2021 | 100,000 /yr | |
| 711 | Studio | 521 sqft | AED 1.17MAED 1,170,400 · Oct 2022October 2022 | ||
| 712 | Studio | 534 sqft | AED 789KAED 788,640 · Mar 2022March 2022 | 85,000 /yr | |
| 713 | Studio | 542 sqft | AED 1.17MAED 1,170,000 · Mar 2025March 2025 | ||
| 714 | 2-bed | 1,760 sqft | AED 2.39MAED 2,393,000 · May 2022May 2022 | ||
| 715 | Studio | 431 sqft | AED 1.2MAED 1,200,000 · Nov 2024November 2024 | ||
| 716 | 2-bed | 1,630 sqft | AED 3.09MAED 3,090,080 · Sep 2023September 2023 | ||
| 717 | Studio | 522 sqft | AED 835KAED 835,140 · Mar 2022March 2022 | 75,000 /yr | |
| 718 | 1-bed | 810 sqft | AED 1.25MAED 1,250,000 · Jan 2022January 2022 | 90,000 /yr | |
| 719 | 1-bed | 810 sqft | AED 1.37MAED 1,370,250 · May 2022May 2022 | 105,000 /yr | |
| 720 | Studio | 526 sqft | AED 975KAED 975,000 · Jun 2022June 2022 | 72,000 /yr |
704, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 8 January 2025 for AED 4,185,000, or AED 2,590 per sqft.
- Rented since June 2025 on 2 Ejari contracts, at AED 300,000 a year.
- At AED 300,000 a year the gross yield on the 2025 price is 7.2%, before a service charge of about AED 28,200 a year (AED 17.47 per sqft).
Source: Dubai Land Department. Updated 21 June 2025.
Questions about 704, Elite Downtown Residence
What did unit 704 last sell for?
AED 4,185,000 on 8 January 2025, sold by the developer: AED 2,590 per sqft for 1,616 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 300,000 a year on the contract signed on 21 June 2025. The previous contract, from June 2025, was AED 300,000.
How big is unit 704?
1,616 sqft (150.1 sqm): a three-bedroom apartment on the 7th floor of a 23-storey tower completed in 2022.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 704, Elite Downtown Residence
Starts from the last sale price (AED 4.19M, 8 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 4,185,000
- Deposit, UAE resident (20%)
- AED 837,000
- Deposit, non-resident (40%)
- AED 1,674,000
- Monthly over 25 years at 3.7%
- AED 17,122
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →