1214, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1214, Elite Downtown Residence
What is 1214 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 880 sqft
- Floor
- 12th of 23
- Parking
- P1-26
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 15,400 /yr
- Last sold
- AED 2.4M · August 2022
- Building
- Elite Downtown Residence
About 1214, Elite Downtown Residence
1214 is a two-bedroom apartment of 880 sqft on the 12th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 29 August 2022 for AED 2,400,000, or AED 1,363 per sqft, 15% below the AED 1,597 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 July 2025, is AED 155,000 a year: a gross yield of 6.5% on the 2022 price, before the service charge of about AED 15,400 a year.
Sales and rents for 1214 over time
1214 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 1214 sits
All 68 2-beds →1214 last sold in August 2022 at AED 1,363 per sqft, 15% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,597). 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. 1214's AED 155,000 is at the bottom of that range.
| 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 12th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 824 sqft | AED 1.44MAED 1,443,050 · Feb 2022February 2022 | 104,000 /yr | |
| 1202 | 1-bed | 809 sqft | AED 2.55MAED 2,545,000 · Apr 2022April 2022 | ||
| 1203 | Studio | 497 sqft | AED 983KAED 983,000 · Sep 2021September 2021 | 95,000 /yr | |
| 1204 | 3-bed | 1,616 sqft | AED 3.9MAED 3,898,200 · Sep 2023September 2023 | 220,000 /yr | |
| 1205 | 2-bed | 1,366 sqft | AED 2.61MAED 2,610,000 · May 2022May 2022 | 150,000 /yr | |
| 1206 | Studio | 536 sqft | AED 1.33MAED 1,325,000 · Oct 2022October 2022 | 80,000 /yr | |
| 1207 | Studio | 533 sqft | AED 935KAED 935,300 · Jul 2022July 2022 | 80,000 /yr | |
| 1208 | Studio | 514 sqft | AED 1MAED 1,000,450 · Jun 2022June 2022 | 108,000 /yr | |
| 1209 | 1-bed | 994 sqft | AED 1.3MAED 1,300,234 · Mar 2022March 2022 | ||
| 1210 | 1-bed | 1,007 sqft | AED 1.28MAED 1,284,120 · Apr 2022April 2022 | 57,500 /yr | |
| 1211 | Studio | 521 sqft | AED 1.17MAED 1,165,000 · Aug 2022August 2022 | ||
| 1212 | Studio | 534 sqft | AED 1.34MAED 1,343,450 · Nov 2022November 2022 | 74,000 /yr | |
| 1213 | Studio | 542 sqft | AED 1.2MAED 1,200,000 · Aug 2022August 2022 | 90,000 /yr | |
| 1215 | Studio | 431 sqft | AED 1.24MAED 1,235,000 · Oct 2024October 2024 | 80,000 /yr | |
| 1216 | 2-bed | 1,630 sqft | AED 3.41MAED 3,410,480 · Sep 2023September 2023 | 195,000 /yr | |
| 1217 | Studio | 522 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | ||
| 1218 | 1-bed | 810 sqft | AED 1.08MAED 1,082,050 · Jan 2022January 2022 | 90,000 /yr | |
| 1219 | 1-bed | 810 sqft | AED 1.4MAED 1,400,600 · Apr 2022April 2022 | 100,000 /yr | |
| 1220 | Studio | 526 sqft | AED 1.32MAED 1,322,100 · May 2023May 2023 | 96,000 /yr |
1214, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 29 August 2022 for AED 2,400,000, or AED 1,363 per sqft.
- Rented since August 2024 on 2 Ejari contracts, from AED 179,517 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2022 price is 6.5%, before a service charge of about AED 15,400 a year (AED 17.47 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 1 July 2025.
Questions about 1214, Elite Downtown Residence
What did unit 1214 last sell for?
AED 2,400,000 on 29 August 2022, sold by the developer: AED 1,363 per sqft for 880 sqft. It is the only registered sale of the unit.
What is the rent for unit 1214?
AED 155,000 a year on the contract signed on 1 July 2025. The previous contract, from August 2024, was AED 179,517.
How big is unit 1214?
880 sqft (81.8 sqm): a two-bedroom apartment on the 12th floor of a 23-storey tower completed in 2022.
What is unit 1214 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 1214, Elite Downtown Residence
Starts from the last sale price (AED 2.4M, 29 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →