Home
Dubai prices
About
Research
Studio · 526 sqftElite Downtown Residence, Downtown Dubai · 17th floor · completed 2022

1720, Elite Downtown Residence

Sold prices and rental history: sold twice, last in February 2023, and rented once, from July 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1720 · DLD and Ejari recordsUpdated 13 July 2025
Last soldAED 1.58M22 February 2023
Current rentAED 74K /yr13 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1720, Elite Downtown Residence

What is 1720 worth today?

Last sold for AED 1,575,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Jul 2025RentedNew contract
AED 74,000/yr12 months · AED 140 per sqft
22 Feb 2023SoldReady
AED 1,575,000AED 2,996 per sqft
6 Jan 2022Sold by developerOff-plan
AED 834,100AED 1,586 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 July 2025.

Key facts

Type
Studio apartment
Size
526 sqft
Floor
17th of 23
Parking
P3-46
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 9,200 /yr
Last sold
AED 1.58M · February 2023
Building
Elite Downtown Residence

About 1720, Elite Downtown Residence

1720 is a studio of 526 sqft on the 17th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. It last sold on 22 February 2023 for AED 1,575,000, or AED 2,996 per sqft, 46% above the AED 2,049 studios in the building were fetching at the time.

One Ejari contract is registered, from 13 July 2025. The current contract, signed on 13 July 2025, is AED 74,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 9,200 a year.

Sales and rents for 1720 over time

Sales
Unit 1720, each saleTypical studio in Elite Downtown Residence
1M1.5M2021202320252027Typical sale price by year: 2021 AED 867,000; 2022 AED 1,018,925; 2023 AED 1,321,430; 2024 AED 1,255,000; 2025 AED 1,170,000; 2026 AED 1,188,000Sold by developer, January 2022: AED 834,100 (AED 1,586 per sqft)Sold, February 2023: AED 1,575,000 (AED 2,996 per sqft)

1720 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1720, each contractTypical studio in Elite Downtown Residence
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 75,000; 2024 AED 80,000; 2025 AED 78,000; 2026 AED 84,500New contract, July 2025: AED 74,000 a year

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 1720 sits

All 213 studios →

1720 last sold in February 2023 at AED 2,996 per sqft, 46% above what studios in Elite Downtown Residence were fetching at the time (AED 2,049). 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. 1720's AED 74,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Jan 20261,200,000
21 Jan 20261,000,000
16 Jan 20261,188,000
17 Dec 20251,000,000
6 studio sales in the last 12 months

Elite Downtown Residence

Building

454 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%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 17th floor

All 454 units in Elite Downtown Residence
Value
17011-bedAED 2.15M · Nov 2024
17021-bedAED 3.05M · Aug 2022
1703StudioAED 1.15M · Oct 2023
17043-bedAED 5.29M · Apr 2022
17052-bedAED 2.7M · Aug 2022
1706StudioAED 1.13M · Aug 2022
1707StudioAED 1.26M · Jul 2022
1–7 of 19

1720, Elite Downtown Residence in numbers

  • Sold twice: first on 6 January 2022 for AED 834,100, last on 22 February 2023 for AED 1,575,000 (AED 2,996 per sqft).
  • Rented since July 2025 on one Ejari contract, at AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 9,200 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 13 July 2025.

Questions about 1720, Elite Downtown Residence

What did unit 1720 last sell for?

AED 1,575,000 on 22 February 2023: AED 2,996 per sqft for 526 sqft. The unit has 2 registered sales; the first was AED 834,100 in January 2022.

What is the rent for unit 1720?

AED 74,000 a year on the contract signed on 13 July 2025.

How big is unit 1720?

526 sqft (48.9 sqm): a studio on the 17th floor of a 23-storey tower completed in 2022.

What is unit 1720 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.

Selling 1720? 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.

How OpenOffers works

Mortgage on 1720, Elite Downtown Residence

Starts from the last sale price (AED 1.58M, 22 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,000
Deposit, UAE resident (20%)
AED 315,000
Deposit, non-resident (40%)
AED 630,000
Monthly over 25 years at 3.7%
AED 6,444

Plus AED 71,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →