1603, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2021, 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 1603, Elite Downtown Residence
What is 1603 worth today?
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Source: Dubai Land Department. Updated 22 September 2021.
Key facts
- Type
- Studio apartment
- Size
- 497 sqft
- Floor
- 16th of 23
- Parking
- P3-09
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 8,700 /yr
- Last sold
- AED 945K · September 2021
- Building
- Elite Downtown Residence
About 1603, Elite Downtown Residence
1603 is a studio of 497 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 22 September 2021 for AED 945,250, or AED 1,902 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1603 over time
1603 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 1603 sits
All 213 studios →Over the last 12 months studios sold for AED 1,000,000 to 1,250,000, around AED 2,309 per sqft, and rent for AED 72,000 to 110,000 a year.
| 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 . 10 sold in the last 12 months.
- Typical price per sqft
- AED 2,321 Up 3.8%
- 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 | |
| 1602 | 1-bed | 809 sqft | AED 1.51MAED 1,511,750 · Apr 2022April 2022 | ||
| 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 |
1603, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 22 September 2021 for AED 945,250, or AED 1,902 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 2,321 per sqft.
Source: Dubai Land Department. Updated 22 September 2021.
Questions about 1603, Elite Downtown Residence
What did unit 1603 last sell for?
AED 945,250 on 22 September 2021, sold by the developer: AED 1,902 per sqft for 497 sqft. It is the only registered sale of the unit.
How big is unit 1603?
497 sqft (46.2 sqm): a studio on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1603 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 2,309 per sqft.
Selling 1603? 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 1603, Elite Downtown Residence
Starts from the last sale price (AED 945K, 22 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 945,250
- Deposit, UAE resident (20%)
- AED 189,050
- Deposit, non-resident (40%)
- AED 378,100
- Monthly over 25 years at 3.7%
- AED 3,867
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →