116, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in December 2022, 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 116, Elite Downtown Residence
What is 116 worth today?
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Source: Dubai Land Department. Updated 19 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 1st of 23
- Parking
- B-32
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 3M · December 2022
- Building
- Elite Downtown Residence
About 116, Elite Downtown Residence
116 is a two-bedroom apartment of 1,628 sqft on the 1st floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 19 December 2022 for AED 3,000,000, or AED 1,842 per sqft, 4% above the AED 1,764 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 116 over time
116 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 116 sits
All 68 2-beds →116 last sold in December 2022 at AED 1,842 per sqft, 4% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,764). 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 1st floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 821 sqft | AED 1.43MAED 1,425,000 · Jun 2022June 2022 | 112,000 /yr | |
| 102 | 1-bed | 806 sqft | AED 1.52MAED 1,518,000 · Feb 2022February 2022 | 115,000 /yr | |
| 103 | Studio | 495 sqft | AED 1.1MAED 1,100,000 · May 2022May 2022 | 90,000 /yr | |
| 104 | 3-bed | 1,616 sqft | AED 3.44MAED 3,436,000 · Oct 2023October 2023 | ||
| 105 | 2-bed | 1,363 sqft | AED 2.29MAED 2,290,000 · Jun 2022June 2022 | ||
| 106 | Studio | 536 sqft | AED 921KAED 920,700 · Jul 2022July 2022 | ||
| 107 | Studio | 531 sqft | AED 956KAED 955,500 · Jun 2022June 2022 | ||
| 108 | Studio | 516 sqft | AED 955KAED 955,000 · Jun 2022June 2022 | ||
| 109 | 1-bed | 1,002 sqft | AED 1.31MAED 1,311,000 · Apr 2022April 2022 | 109,695 /yr | |
| 110 | 1-bed | 1,003 sqft | AED 1.62MAED 1,615,250 · Jun 2022June 2022 | ||
| 111 | Studio | 524 sqft | AED 950KAED 950,000 · May 2022May 2022 | ||
| 112 | Studio | 531 sqft | AED 960KAED 960,000 · May 2022May 2022 | 85,000 /yr | |
| 113 | Studio | 541 sqft | AED 882KAED 882,000 · Aug 2022August 2022 | 68,000 /yr | |
| 114 | 2-bed | 1,760 sqft | AED 1.94MAED 1,943,700 · Jan 2022January 2022 | ||
| 115 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Feb 2025February 2025 | ||
| 117 | Studio | 524 sqft | AED 1.03MAED 1,025,000 · May 2022May 2022 | 75,000 /yr | |
| 118 | 1-bed | 807 sqft | AED 1.74MAED 1,738,000 · Oct 2022October 2022 | ||
| 119 | 1-bed | 404 sqft | AED 1.2MAED 1,200,000 · May 2022May 2022 | 110,000 /yr | |
| 120 | Studio | 526 sqft | AED 1.05MAED 1,050,000 · May 2024May 2024 | 79,786 /yr |
116, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 December 2022 for AED 3,000,000, or AED 1,842 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: Dubai Land Department. Updated 19 December 2022.
Questions about 116, Elite Downtown Residence
What did unit 116 last sell for?
AED 3,000,000 on 19 December 2022, sold by the developer: AED 1,842 per sqft for 1,628 sqft. It is the only registered sale of the unit.
How big is unit 116?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 1st floor of a 23-storey tower completed in 2022.
What is unit 116 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 116, Elite Downtown Residence
Starts from the last sale price (AED 3M, 19 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus AED 131,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →