1816, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in November 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 1816, Elite Downtown Residence
What is 1816 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 18th of 23
- Parking
- P3-49
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 2.38M · November 2021
- Building
- Elite Downtown Residence
About 1816, Elite Downtown Residence
1816 is a two-bedroom apartment of 1,630 sqft on the 18th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 8 November 2021 for AED 2,376,000, or AED 1,457 per sqft, 4% 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 1816 over time
1816 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 1816 sits
All 68 2-beds →1816 last sold in November 2021 at AED 1,457 per sqft, 4% 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 18th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1801 | 1-bed | 824 sqft | AED 1.6MAED 1,600,000 · Feb 2022February 2022 | 108,000 /yr | |
| 1802 | 1-bed | 809 sqft | AED 1.44MAED 1,442,100 · Mar 2022March 2022 | 120,000 /yr | |
| 1803 | Studio | 497 sqft | AED 1.95MAED 1,953,600 · Jul 2022July 2022 | ||
| 1804 | 3-bed | 1,616 sqft | AED 3.5MAED 3,499,999 · May 2023May 2023 | ||
| 1805 | 2-bed | 1,366 sqft | AED 2.58MAED 2,575,000 · Aug 2022August 2022 | 220,000 /yr | |
| 1806 | Studio | 536 sqft | AED 1.05MAED 1,050,000 · Jun 2025June 2025 | ||
| 1807 | Studio | 533 sqft | AED 1.18MAED 1,175,000 · Jun 2022June 2022 | ||
| 1808 | Studio | 514 sqft | AED 1.27MAED 1,269,450 · Oct 2022October 2022 | ||
| 1811 | Studio | 521 sqft | AED 1.02MAED 1,016,500 · Jan 2022January 2022 | 90,000 /yr | |
| 1812 | Studio | 534 sqft | AED 1.01MAED 1,007,400 · May 2022May 2022 | 77,700 /yr | |
| 1813 | Studio | 542 sqft | AED 1.04MAED 1,036,950 · Jun 2022June 2022 | ||
| 1814 | 2-bed | 1,760 sqft | AED 3.12MAED 3,124,800 · May 2022May 2022 | ||
| 1815 | Studio | 431 sqft | AED 1.3MAED 1,297,350 · Jun 2022June 2022 | ||
| 1817 | Studio | 522 sqft | AED 2.02MAED 2,015,000 · Mar 2023March 2023 | 85,000 /yr | |
| 1818 | 1-bed | 810 sqft | AED 1.26MAED 1,258,800 · Sep 2021September 2021 | ||
| 1819 | 810 sqft | AED 2.05MAED 2,050,000 · Sep 2025September 2025 | |||
| 1820 | Studio | 526 sqft | AED 837KAED 836,950 · Jan 2022January 2022 | 72,201 /yr |
1816, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 8 November 2021 for AED 2,376,000, or AED 1,457 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 8 November 2021.
Questions about 1816, Elite Downtown Residence
What did unit 1816 last sell for?
AED 2,376,000 on 8 November 2021, sold by the developer: AED 1,457 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 1816?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 18th floor of a 23-storey tower completed in 2022.
What is unit 1816 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 1816, Elite Downtown Residence
Starts from the last sale price (AED 2.38M, 8 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,376,000
- Deposit, UAE resident (20%)
- AED 475,200
- Deposit, non-resident (40%)
- AED 950,400
- Monthly over 25 years at 3.7%
- AED 9,721
Plus AED 104,802 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →