1602, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 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 1602, Elite Downtown Residence
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 809 sqft
- Floor
- 16th of 23
- Parking
- P3-08
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 14,100 /yr
- Last sold
- AED 1.51M · April 2022
- Building
- Elite Downtown Residence
About 1602, Elite Downtown Residence
1602 is a one-bedroom apartment of 809 sqft on the 16th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 12 April 2022 for AED 1,511,750, or AED 1,869 per sqft, 15% above the AED 1,620 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1602 over time
1602 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 1602 sits
All 132 1-beds →1602 last sold in April 2022 at AED 1,869 per sqft, 15% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,620). 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.
| 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 16th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 824 sqft | AED 1.34MAED 1,339,500 · Dec 2021December 2021 | 105,000 /yr | |
| 1603 | Studio | 497 sqft | AED 945KAED 945,250 · Sep 2021September 2021 | ||
| 1604 | 3-bed | 1,616 sqft | AED 2.98MAED 2,981,000 · Mar 2022March 2022 | 220,000 /yr | |
| 1605 | 2-bed | 1,366 sqft | AED 2.84MAED 2,840,000 · Apr 2022April 2022 | ||
| 1606 | Studio | 536 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 65,000 /yr | |
| 1607 | Studio | 533 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 70,000 /yr | |
| 1608 | Studio | 514 sqft | AED 875KAED 875,000 · Mar 2022March 2022 | ||
| 1609 | 1-bed | 1,006 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1610 | 1-bed | 1,007 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1611 | Studio | 521 sqft | AED 1.24MAED 1,240,000 · Jun 2022June 2022 | 75,000 /yr | |
| 1612 | Studio | 534 sqft | AED 1.04MAED 1,036,800 · May 2022May 2022 | 80,000 /yr | |
| 1613 | Studio | 542 sqft | AED 1.39MAED 1,387,000 · Nov 2022November 2022 | ||
| 1614 | 2-bed | 1,760 sqft | AED 3.09MAED 3,088,000 · Jun 2023June 2023 | ||
| 1615 | Studio | 431 sqft | AED 955KAED 954,750 · Jun 2022June 2022 | 100,000 /yr | |
| 1616 | 2-bed | 1,630 sqft | AED 2.34MAED 2,341,750 · Dec 2021December 2021 | ||
| 1617 | Studio | 522 sqft | AED 925KAED 925,000 · Jan 2022January 2022 | 83,000 /yr | |
| 1618 | 1-bed | 810 sqft | AED 1.2MAED 1,200,000 · Nov 2021November 2021 | 110,000 /yr | |
| 1619 | 1-bed | 810 sqft | AED 1.35MAED 1,350,000 · Mar 2022March 2022 | 115,000 /yr | |
| 1620 | Studio | 526 sqft | AED 850KAED 850,000 · Dec 2021December 2021 | 75,000 /yr |
1602, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 12 April 2022 for AED 1,511,750, or AED 1,869 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 April 2022.
Questions about 1602, Elite Downtown Residence
What did unit 1602 last sell for?
AED 1,511,750 on 12 April 2022, sold by the developer: AED 1,869 per sqft for 809 sqft. It is the only registered sale of the unit.
How big is unit 1602?
809 sqft (75.2 sqm): a one-bedroom apartment on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1602 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 1602, Elite Downtown Residence
Starts from the last sale price (AED 1.51M, 12 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,511,750
- Deposit, UAE resident (20%)
- AED 302,350
- Deposit, non-resident (40%)
- AED 604,700
- Monthly over 25 years at 3.7%
- AED 6,185
Plus AED 68,504 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →