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1-bed · 1,006 sqftElite Downtown Residence, Downtown Dubai · 14th floor · completed 2022

1409, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented once, from July 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1409 · DLD and Ejari recordsUpdated 12 July 2025
Last soldAED 1.88M3 March 2023
Current rentAED 105K /yr12 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1409, Elite Downtown Residence

What is 1409 worth today?

Last sold for AED 1,875,000 in 2023

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12 Jul 2025RentedNew contract
AED 105,000/yr12 months · AED 105 per sqft
3 Mar 2023Sold by developerReady
AED 1,875,000AED 1,863 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2025.

Key facts

Type
1-bed apartment
Size
1,006 sqft
Floor
14th of 23
Parking
P2-54
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 17,600 /yr
Last sold
AED 1.88M · March 2023
Building
Elite Downtown Residence

About 1409, Elite Downtown Residence

1409 is a one-bedroom apartment of 1,006 sqft on the 14th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 3 March 2023 for AED 1,875,000, or AED 1,863 per sqft, in line with the AED 1,835 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 July 2025. The current contract, signed on 12 July 2025, is AED 105,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 17,600 a year.

Sales and rents for 1409 over time

Sales
Unit 1409, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 1,950,000Sold by developer, March 2023: AED 1,875,000 (AED 1,863 per sqft)

1409 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1409, each contractTypical one-bed in Elite Downtown Residence
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 125,000New contract, July 2025: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 1409 sits

All 132 1-beds →

1409 last sold in March 2023 at AED 1,863 per sqft, in line with what one-beds in Elite Downtown Residence were fetching at the time (AED 1,835). Over the last 12 months one-beds sold for AED 2,065,000 to 2,190,000, around AED 2,635 per sqft, and rent for AED 97,000 to 145,000 a year. 1409's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Dec 20252,190,000
26 Jun 20251,900,000
19 Jun 20252,250,000
3 Mar 20251,650,000
2 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 454 units in Elite Downtown Residence
Value
14011-bedAED 2.57M · Sep 2022
14021-bedAED 3.32M · Aug 2022
1403StudioAED 2.22M · Sep 2022
14052-bedAED 2.72M · Sep 2023
1406StudioAED 1.37M · Feb 2023
1407StudioAED 1.22M · Jan 2023
1408StudioAED 1.19M · Jan 2026
1–7 of 18

1409, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 3 March 2023 for AED 1,875,000, or AED 1,863 per sqft.
  • Rented since July 2025 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 17,600 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 2,065,000–2,190,000 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 12 July 2025.

Questions about 1409, Elite Downtown Residence

What did unit 1409 last sell for?

AED 1,875,000 on 3 March 2023, sold by the developer: AED 1,863 per sqft for 1,006 sqft. It is the only registered sale of the unit.

What is the rent for unit 1409?

AED 105,000 a year on the contract signed on 12 July 2025.

How big is unit 1409?

1,006 sqft (93.5 sqm): a one-bedroom apartment on the 14th floor of a 23-storey tower completed in 2022.

What is unit 1409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 2,065,000 to 2,190,000 in the last 12 months, around AED 2,635 per sqft.

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Mortgage on 1409, Elite Downtown Residence

Starts from the last sale price (AED 1.88M, 3 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,875,000
Deposit, UAE resident (20%)
AED 375,000
Deposit, non-resident (40%)
AED 750,000
Monthly over 25 years at 3.7%
AED 7,671

Plus AED 83,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →