2016, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in April 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, Elite Downtown Residence
What is 2016 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 9 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 20th of 23
- Parking
- P2-39
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.77M · April 2022
- Building
- Elite Downtown Residence
About 2016, Elite Downtown Residence
2016 is a two-bedroom apartment of 1,630 sqft on the 20th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 19 April 2022 for AED 3,771,500, or AED 2,313 per sqft, 52% above the AED 1,521 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 9 Ejari contracts. The current contract, signed on 9 September 2025, is AED 220,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 28,500 a year.
Sales and rents for 2016 over time
2016 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 2016 sits
All 68 2-beds →2016 last sold in April 2022 at AED 2,313 per sqft, 52% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,521). 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. 2016's AED 220,000 is at the top of that range.
| 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 20th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 824 sqft | AED 1.49MAED 1,490,000 · Mar 2022March 2022 | 100,000 /yr | |
| 2002 | 1-bed | 809 sqft | AED 2.49MAED 2,491,337 · Apr 2022April 2022 | 100,000 /yr | |
| 2003 | Studio | 497 sqft | AED 2.08MAED 2,078,550 · Oct 2022October 2022 | ||
| 2004 | 3-bed | 1,616 sqft | AED 4.74MAED 4,743,750 · Dec 2023December 2023 | ||
| 2005 | 2-bed | 1,366 sqft | AED 1.25MAED 1,250,000 · Dec 2025December 2025 | ||
| 2006 | Studio | 536 sqft | AED 1.32MAED 1,320,760 · Sep 2023September 2023 | 80,000 /yr | |
| 2007 | 533 sqft | AED 1.15MAED 1,150,000 · Oct 2025October 2025 | 80,000 /yr | ||
| 2008 | 514 sqft | AED 1.15MAED 1,150,000 · Oct 2025October 2025 | 70,000 /yr | ||
| 2009 | 1-bed | 1,006 sqft | AED 2.02MAED 2,022,750 · Aug 2022August 2022 | 105,000 /yr | |
| 2010 | 1-bed | 1,007 sqft | AED 1.67MAED 1,669,500 · Aug 2022August 2022 | 94,500 /yr | |
| 2011 | Studio | 521 sqft | AED 1.15MAED 1,145,000 · Jul 2025July 2025 | 63,000 /yr | |
| 2012 | Studio | 534 sqft | AED 1.32MAED 1,320,760 · Sep 2023September 2023 | 80,000 /yr | |
| 2013 | 542 sqft | AED 1.15MAED 1,150,000 · Aug 2025August 2025 | 63,000 /yr | ||
| 2014 | 2-bed | 1,760 sqft | AED 2.9MAED 2,900,000 · Nov 2024November 2024 | 160,000 /yr | |
| 2015 | Studio | 431 sqft | AED 1.32MAED 1,315,000 · Nov 2024November 2024 | ||
| 2017 | Studio | 522 sqft | AED 1.32MAED 1,315,000 · May 2022May 2022 | 83,000 /yr | |
| 2018 | 1-bed | 810 sqft | AED 1.48MAED 1,481,050 · Mar 2022March 2022 | 124,941 /yr | |
| 2019 | 1-bed | 810 sqft | AED 1.9MAED 1,900,000 · Jun 2025June 2025 | 130,000 /yr | |
| 2020 | Studio | 526 sqft | AED 1.02MAED 1,023,000 · Jun 2022June 2022 | 100,000 /yr |
2016, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 April 2022 for AED 3,771,500, or AED 2,313 per sqft.
- Rented since October 2022 on 9 Ejari contracts, from AED 130,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 28,500 a year (AED 17.47 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 9 September 2025.
Questions about 2016, Elite Downtown Residence
What did unit 2016 last sell for?
AED 3,771,500 on 19 April 2022, sold by the developer: AED 2,313 per sqft for 1,630 sqft. It is the only registered sale of the unit.
What is the rent for unit 2016?
AED 220,000 a year on the contract signed on 9 September 2025. The previous contract, from April 2025, was AED 200,000; the unit has been rented since October 2022.
How big is unit 2016?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 20th floor of a 23-storey tower completed in 2022.
What is unit 2016 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 2016, Elite Downtown Residence
Starts from the last sale price (AED 3.77M, 19 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,771,500
- Deposit, UAE resident (20%)
- AED 754,300
- Deposit, non-resident (40%)
- AED 1,508,600
- Monthly over 25 years at 3.7%
- AED 15,430
Plus AED 163,413 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →