717, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from April 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 717, Elite Downtown Residence
What is 717 worth today?
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Source: Dubai Land Department. Updated 15 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 7th of 23
- Parking
- P1-06
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,100 /yr
- Last sold
- AED 835K · March 2022
- Building
- Elite Downtown Residence
About 717, Elite Downtown Residence
717 is a studio of 522 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 2 March 2022 for AED 835,140, or AED 1,599 per sqft, 4% below the AED 1,663 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 April 2025. The current contract, signed on 15 April 2025, is AED 75,000 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 9,100 a year.
Sales and rents for 717 over time
717 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Downtown Residence, and where 717 sits
All 229 studios →717 last sold in March 2022 at AED 1,599 per sqft, 4% below what studios in Elite Downtown Residence were fetching at the time (AED 1,663). Over the last 12 months studios sold for AED 935,000 to 1,400,000, around AED 2,208 per sqft, and rent for AED 45,000 to 120,000 a year. 717's AED 75,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 534 sqft | 935,000 | 1,752 | ||
| 18 Sep 202618 September 2026 | 431 sqft | 950,000 | 2,202 | ||
| 30 Jul 202630 July 2026 | 497 sqft | 1,100,000 | 2,213 | ||
| 23 Jul 202623 July 2026 | 526 sqft | 1,230,000 | 2,340 |
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 | ||
| 716 | 2-bed | 1,630 sqft | AED 3.09MAED 3,090,080 · Sep 2023September 2023 | ||
| 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 |
717, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 2 March 2022 for AED 835,140, or AED 1,599 per sqft.
- Rented since April 2025 on one Ejari contract, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 9,100 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 935,000–1,400,000 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 15 April 2025.
Questions about 717, Elite Downtown Residence
What did unit 717 last sell for?
AED 835,140 on 2 March 2022, sold by the developer: AED 1,599 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 717?
AED 75,000 a year on the contract signed on 15 April 2025.
How big is unit 717?
522 sqft (48.5 sqm): a studio on the 7th floor of a 23-storey tower completed in 2022.
What is unit 717 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Downtown Residence sold for AED 935,000 to 1,400,000 in the last 12 months, around AED 2,208 per sqft.
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Mortgage on 717, Elite Downtown Residence
Starts from the last sale price (AED 835K, 2 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 835,140
- Deposit, UAE resident (20%)
- AED 167,028
- Deposit, non-resident (40%)
- AED 334,056
- Monthly over 25 years at 3.7%
- AED 3,417
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →