1417, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1417, Elite Downtown Residence
What is 1417 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 14th of 23
- Parking
- P2-63
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 9,100 /yr
- Last sold
- AED 1.2M · May 2022
- Building
- Elite Downtown Residence
About 1417, Elite Downtown Residence
1417 is a studio of 522 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 13 May 2022 for AED 1,200,000, or AED 2,297 per sqft, 32% above the AED 1,745 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 69,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 9,100 a year.
Sales and rents for 1417 over time
1417 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 1417 sits
All 213 studios →1417 last sold in May 2022 at AED 2,297 per sqft, 32% above what studios in Elite Downtown Residence were fetching at the time (AED 1,745). Over the last 12 months studios sold for AED 1,000,000 to 1,250,000, around AED 2,133 per sqft, and rent for AED 72,000 to 110,000 a year. 1417's AED 69,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 514 sqft | 1,200,000 | 2,333 | ||
| 21 Jan 202621 January 2026 | 522 sqft | 1,000,000 | 1,914 | ||
| 16 Jan 202616 January 2026 | 514 sqft | 1,188,000 | 2,309 | ||
| 17 Dec 202517 December 2025 | 522 sqft | 1,000,000 | 1,914 |
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 14th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 824 sqft | AED 2.57MAED 2,572,100 · Sep 2022September 2022 | 100,020 /yr | |
| 1402 | 1-bed | 809 sqft | AED 3.32MAED 3,322,200 · Aug 2022August 2022 | ||
| 1403 | Studio | 497 sqft | AED 2.22MAED 2,222,700 · Sep 2022September 2022 | 74,000 /yr | |
| 1405 | 2-bed | 1,366 sqft | AED 2.72MAED 2,719,840 · Sep 2023September 2023 | 170,000 /yr | |
| 1406 | Studio | 536 sqft | AED 1.37MAED 1,367,400 · Feb 2023February 2023 | ||
| 1407 | Studio | 533 sqft | AED 1.22MAED 1,218,000 · Jan 2023January 2023 | ||
| 1408 | Studio | 514 sqft | AED 1.19MAED 1,188,000 · Jan 2026January 2026 | 85,000 /yr | |
| 1409 | 1-bed | 1,006 sqft | AED 1.88MAED 1,875,000 · Mar 2023March 2023 | 105,000 /yr | |
| 1410 | 1-bed | 1,007 sqft | AED 1.73MAED 1,734,700 · Aug 2022August 2022 | ||
| 1411 | Studio | 521 sqft | AED 1.08MAED 1,078,800 · Aug 2022August 2022 | 74,000 /yr | |
| 1412 | Studio | 534 sqft | AED 1.09MAED 1,087,500 · Aug 2022August 2022 | 85,000 /yr | |
| 1413 | Studio | 542 sqft | AED 1.23MAED 1,225,000 · Aug 2022August 2022 | 94,000 /yr | |
| 1414 | 2-bed | 1,760 sqft | AED 3.1MAED 3,100,000 · Dec 2023December 2023 | ||
| 1415 | 431 sqft | AED 1.2MAED 1,200,000 · Aug 2025August 2025 | |||
| 1416 | 2-bed | 1,630 sqft | AED 3.97MAED 3,969,000 · May 2023May 2023 | ||
| 1418 | 1-bed | 810 sqft | AED 1.76MAED 1,757,700 · Jun 2022June 2022 | ||
| 1419 | 1-bed | 810 sqft | AED 1.84MAED 1,836,750 · Jun 2022June 2022 | 80,000 /yr | |
| 1420 | Studio | 526 sqft | AED 1.35MAED 1,345,500 · May 2023May 2023 |
1417, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 May 2022 for AED 1,200,000, or AED 2,297 per sqft.
- Rented since August 2022 on 4 Ejari contracts, from AED 63,000 to AED 69,000 a year.
- At AED 69,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 9,100 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 1,000,000–1,250,000 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 August 2025.
Questions about 1417, Elite Downtown Residence
What did unit 1417 last sell for?
AED 1,200,000 on 13 May 2022, sold by the developer: AED 2,297 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 1417?
AED 69,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2024, was AED 66,000; the unit has been rented since August 2022.
How big is unit 1417?
522 sqft (48.5 sqm): a studio on the 14th floor of a 23-storey tower completed in 2022.
What is unit 1417 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 1,000,000 to 1,250,000 in the last 12 months, around AED 2,133 per sqft.
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Mortgage on 1417, Elite Downtown Residence
Starts from the last sale price (AED 1.2M, 13 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →