1616, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in December 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 1616, Elite Downtown Residence
What is 1616 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 December 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 16th of 23
- Parking
- P3-26
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 2.34M · December 2021
- Building
- Elite Downtown Residence
About 1616, Elite Downtown Residence
1616 is a two-bedroom apartment of 1,630 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 16 December 2021 for AED 2,341,750, or AED 1,436 per sqft, 6% below the AED 1,524 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1616 over time
1616 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Downtown Residence, and where 1616 sits
All 68 2-beds →1616 last sold in December 2021 at AED 1,436 per sqft, 6% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,524). Over the last 12 months two-beds sold for AED 1,250,000, around AED 1,830 per sqft, and rent for AED 155,000 to 220,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 683 sqft | 1,250,000 | 1,830 | ||
| 14 Feb 202514 February 2025 | 1,760 sqft | 2,924,000 | 1,661 | ||
| 30 Jan 202530 January 2025 | 1,760 sqft | 2,400,000 | 1,363 | ||
| 11 Nov 202411 November 2024 | 1,760 sqft | 2,900,000 | 1,647 |
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 | |
| 1602 | 1-bed | 809 sqft | AED 1.51MAED 1,511,750 · Apr 2022April 2022 | ||
| 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 | |
| 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 |
1616, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 16 December 2021 for AED 2,341,750, or AED 1,436 per sqft.
- Two-beds in Elite Downtown Residence sold for AED 1,250,000–1,250,000 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 16 December 2021.
Questions about 1616, Elite Downtown Residence
What did unit 1616 last sell for?
AED 2,341,750 on 16 December 2021, sold by the developer: AED 1,436 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1616?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1616 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Downtown Residence sold for AED 1,250,000 to 1,250,000 in the last 12 months, around AED 1,830 per sqft.
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Mortgage on 1616, Elite Downtown Residence
Starts from the last sale price (AED 2.34M, 16 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,341,750
- Deposit, UAE resident (20%)
- AED 468,350
- Deposit, non-resident (40%)
- AED 936,700
- Monthly over 25 years at 3.7%
- AED 9,581
Plus AED 103,364 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →