716, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, Elite Downtown Residence
What is 716 worth today?
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Source: Dubai Land Department. Updated 13 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 7th of 23
- Parking
- P1-50
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.09M · September 2023
- Building
- Elite Downtown Residence
About 716, Elite Downtown Residence
716 is a two-bedroom apartment of 1,630 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 13 September 2023 for AED 3,090,080, or AED 1,895 per sqft, 4% above the AED 1,826 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 716 over time
716 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 716 sits
All 69 2-beds →716 last sold in September 2023 at AED 1,895 per sqft, 4% above 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.
| 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 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 | ||
| 704 | 3-bed | 1,616 sqft | AED 4.19MAED 4,185,000 · Jan 2025January 2025 | 300,000 /yr | |
| 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 | ||
| 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 |
716, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 September 2023 for AED 3,090,080, or AED 1,895 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 13 September 2023.
Questions about 716, Elite Downtown Residence
What did unit 716 last sell for?
AED 3,090,080 on 13 September 2023, sold by the developer: AED 1,895 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 716?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 7th floor of a 23-storey tower completed in 2022.
What is unit 716 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 716, Elite Downtown Residence
Starts from the last sale price (AED 3.09M, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,090,080
- Deposit, UAE resident (20%)
- AED 618,016
- Deposit, non-resident (40%)
- AED 1,236,032
- Monthly over 25 years at 3.7%
- AED 12,642
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →