1116, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 2024, 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 1116, Elite Downtown Residence
What is 1116 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 11th of 23
- Parking
- P1-58
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.5M · August 2024
- Building
- Elite Downtown Residence
About 1116, Elite Downtown Residence
1116 is a two-bedroom apartment of 1,630 sqft on the 11th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 22 August 2024 for AED 3,500,000, or AED 2,147 per sqft, 19% above the AED 1,799 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1116 over time
1116 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 1116 sits
All 68 2-beds →1116 last sold in August 2024 at AED 2,147 per sqft, 19% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,799). Over the last 12 months two-beds sold for AED 1,250,000, around AED 1,830 per sqft, and rent for AED 155,000 to 220,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 683 sqft | 1,250,000 | 1,830 | ||
| 14 Feb 202514 February 2025 | 1,760 sqft | 2,924,000 | 1,661 | ||
| 30 Jan 202530 January 2025 | 1,760 sqft | 2,400,000 | 1,363 | ||
| 11 Nov 202411 November 2024 | 1,760 sqft | 2,900,000 | 1,647 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 9 sold in the last 12 months.
- Typical price per sqft
- AED 2,309
- Typical sale
- AED 1.2M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 11th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 824 sqft | AED 1.49MAED 1,491,750 · Apr 2018April 2018 | 120,000 /yr | |
| 1102 | 1-bed | 809 sqft | AED 2.05MAED 2,050,000 · Apr 2022April 2022 | 90,000 /yr | |
| 1103 | Studio | 497 sqft | AED 1.64MAED 1,636,000 · May 2022May 2022 | ||
| 1105 | 1,366 sqft | AED 2.51MAED 2,510,000 · Oct 2025October 2025 | 165,000 /yr | ||
| 1106 | Studio | 536 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | ||
| 1107 | Studio | 533 sqft | AED 1.1MAED 1,100,000 · Jun 2022June 2022 | 95,760 /yr | |
| 1108 | Studio | 514 sqft | AED 1.2MAED 1,200,000 · Jan 2026January 2026 | 140,000 /yr | |
| 1109 | 1-bed | 994 sqft | AED 1.29MAED 1,291,634 · Mar 2022March 2022 | 100,000 /yr | |
| 1110 | 1-bed | 1,007 sqft | AED 1.65MAED 1,650,000 · Mar 2025March 2025 | ||
| 1111 | Studio | 521 sqft | AED 915KAED 915,400 · Apr 2022April 2022 | 70,000 /yr | |
| 1112 | Studio | 534 sqft | AED 929KAED 929,200 · Apr 2022April 2022 | 70,000 /yr | |
| 1113 | Studio | 542 sqft | AED 930KAED 930,000 · Jun 2022June 2022 | 68,250 /yr | |
| 1114 | 2-bed | 1,760 sqft | AED 2.32MAED 2,322,000 · Apr 2022April 2022 | ||
| 1115 | 431 sqft | AED 1.18MAED 1,175,000 · Aug 2025August 2025 | |||
| 1117 | Studio | 522 sqft | AED 1.07MAED 1,070,000 · Apr 2022April 2022 | ||
| 1118 | 1-bed | 810 sqft | AED 1.51MAED 1,505,000 · Apr 2022April 2022 | 97,000 /yr | |
| 1119 | 1-bed | 810 sqft | AED 1.38MAED 1,376,400 · Apr 2022April 2022 | ||
| 1120 | Studio | 526 sqft | AED 1.25MAED 1,250,000 · Jun 2022June 2022 | 84,000 /yr |
1116, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 22 August 2024 for AED 3,500,000, or AED 2,147 per sqft.
- Two-beds in Elite Downtown Residence sold for AED 1,250,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,309 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 22 August 2024.
Questions about 1116, Elite Downtown Residence
What did unit 1116 last sell for?
AED 3,500,000 on 22 August 2024, sold by the developer: AED 2,147 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1116?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 11th floor of a 23-storey tower completed in 2022.
What is unit 1116 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 1,250,000 in the last 12 months, around AED 1,830 per sqft.
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Mortgage on 1116, Elite Downtown Residence
Starts from the last sale price (AED 3.5M, 22 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →