1501, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Elite Downtown Residence
What is 1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 15th of 23
- Parking
- P2-67
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 14,400 /yr
- Last sold
- AED 1.66M · April 2022
- Building
- Elite Downtown Residence
About 1501, Elite Downtown Residence
1501 is a one-bedroom apartment of 824 sqft on the 15th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 7 April 2022 for AED 1,656,000, or AED 2,010 per sqft, 27% above the AED 1,584 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 20 March 2025, is AED 105,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 14,400 a year.
Sales and rents for 1501 over time
1501 has sold once; the dashed line is the one-bed median of each year in the building.
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 1501 sits
All 132 1-beds →1501 last sold in April 2022 at AED 2,010 per sqft, 27% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,584). 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. 1501's AED 105,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Dec 20259 December 2025 | 806 sqft | 2,190,000 | 2,717 | ||
| 26 Jun 202526 June 2025 | 810 sqft | 1,900,000 | 2,346 | ||
| 19 Jun 202519 June 2025 | 809 sqft | 2,250,000 | 2,782 | ||
| 3 Mar 20253 March 2025 | 1,007 sqft | 1,650,000 | 1,638 |
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 15th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 809 sqft | AED 2.59MAED 2,585,000 · May 2022May 2022 | ||
| 1503 | Studio | 497 sqft | AED 1.86MAED 1,862,250 · Jul 2022July 2022 | ||
| 1504 | 3-bed | 1,616 sqft | AED 4.9MAED 4,900,000 · Apr 2024April 2024 | ||
| 1505 | 2-bed | 1,366 sqft | AED 2.67MAED 2,670,000 · Apr 2022April 2022 | 213,000 /yr | |
| 1506 | Studio | 536 sqft | AED 1.18MAED 1,176,450 · Aug 2022August 2022 | ||
| 1507 | Studio | 533 sqft | AED 1.19MAED 1,185,000 · Jun 2022June 2022 | 80,000 /yr | |
| 1508 | 514 sqft | AED 1.15MAED 1,150,000 · Sep 2025September 2025 | 66,060 /yr | ||
| 1509 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | ||
| 1510 | 1,007 sqft | AED 1.65MAED 1,650,000 · Feb 2023February 2023 | 120,000 /yr | ||
| 1511 | Studio | 521 sqft | AED 1.09MAED 1,092,500 · Jun 2022June 2022 | 69,626 /yr | |
| 1512 | Studio | 534 sqft | AED 1.21MAED 1,205,000 · Jun 2022June 2022 | 85,000 /yr | |
| 1513 | Studio | 542 sqft | AED 1.32MAED 1,324,800 · Nov 2022November 2022 | ||
| 1514 | 2-bed | 1,760 sqft | AED 2.92MAED 2,924,000 · Feb 2025February 2025 | ||
| 1515 | Studio | 431 sqft | AED 936KAED 935,750 · Jun 2022June 2022 | 80,000 /yr | |
| 1516 | 2-bed | 1,630 sqft | AED 4.7MAED 4,704,500 · Aug 2022August 2022 | ||
| 1517 | Studio | 522 sqft | AED 966KAED 966,000 · Apr 2022April 2022 | 78,750 /yr | |
| 1518 | 1-bed | 810 sqft | AED 1.3MAED 1,301,130 · Feb 2022February 2022 | 145,000 /yr | |
| 1519 | 1-bed | 810 sqft | AED 1.42MAED 1,422,000 · Apr 2022April 2022 | 100,000 /yr | |
| 1520 | Studio | 526 sqft | AED 1.36MAED 1,361,100 · May 2023May 2023 |
1501, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 7 April 2022 for AED 1,656,000, or AED 2,010 per sqft.
- Rented since August 2022 on 3 Ejari contracts, from AED 90,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 14,400 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 20 March 2025.
Questions about 1501, Elite Downtown Residence
What did unit 1501 last sell for?
AED 1,656,000 on 7 April 2022, sold by the developer: AED 2,010 per sqft for 824 sqft. It is the only registered sale of the unit.
What is the rent for unit 1501?
AED 105,000 a year on the contract signed on 20 March 2025. The previous contract, from October 2023, was AED 100,000; the unit has been rented since August 2022.
How big is unit 1501?
824 sqft (76.6 sqm): a one-bedroom apartment on the 15th floor of a 23-storey tower completed in 2022.
What is unit 1501 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.
Selling 1501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1501, Elite Downtown Residence
Starts from the last sale price (AED 1.66M, 7 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,656,000
- Deposit, UAE resident (20%)
- AED 331,200
- Deposit, non-resident (40%)
- AED 662,400
- Monthly over 25 years at 3.7%
- AED 6,775
Plus AED 74,562 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →