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2-bed · 1,760 sqftElite Downtown Residence, Downtown Dubai · 2nd floor · completed 2022

214, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 214 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 1.97M4 March 2022
Current rentAED 165K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 214, Elite Downtown Residence

What is 214 worth today?

Last sold for AED 1,970,000 in 2022

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1 Mar 2024RentedNew contract
AED 165,000/yr12 months · AED 94 per sqft
9 Nov 2022RentedNew contract
AED 170,000/yr12 months · AED 97 per sqft
4 Mar 2022Sold by developerOff-plan
AED 1,970,000AED 1,119 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
1,760 sqft
Floor
2nd of 23
Parking
B-40
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 30,700 /yr
Last sold
AED 1.97M · March 2022
Building
Elite Downtown Residence

About 214, Elite Downtown Residence

214 is a two-bedroom apartment of 1,760 sqft on the 2nd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 4 March 2022 for AED 1,970,000, or AED 1,119 per sqft, 24% below the AED 1,467 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 March 2024, is AED 165,000 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 30,700 a year.

Sales and rents for 214 over time

Sales
Unit 214, each saleTypical two-bed in Elite Downtown Residence
2M3M202120232025Typical sale price by year: 2021 AED 2,428,000; 2022 AED 2,523,000; 2023 AED 2,931,660; 2024 AED 3,500,000; 2025 AED 2,400,000Sold by developer, March 2022: AED 1,970,000 (AED 1,119 per sqft)

214 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 214, each contractTypical two-bed in Elite Downtown Residence
175K200K202220242026Typical rent by year: 2022 AED 160,000; 2023 AED 170,000; 2024 AED 175,000; 2025 AED 176,160; 2026 AED 213,000New contract, November 2022: AED 170,000 a yearNew contract, March 2024: AED 165,000 a year

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 214 sits

All 68 2-beds →

214 last sold in March 2022 at AED 1,119 per sqft, 24% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,467). 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. 214's AED 165,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20251,250,000
14 Feb 20252,924,000
30 Jan 20252,400,000
11 Nov 20242,900,000
1 2-bed sale 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 2nd floor

All 454 units in Elite Downtown Residence
Value
2011-bedAED 2.27M · Mar 2024
2021-bedAED 1.55M · Feb 2022
203StudioAED 1.31M · Sep 2024
2043-bedAED 3.34M · Sep 2023
2052-bedAED 2.38M · Dec 2022
206StudioAED 990K · Jun 2022
207StudioAED 1.1M · Mar 2024
1–7 of 19

214, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 4 March 2022 for AED 1,970,000, or AED 1,119 per sqft.
  • Rented since November 2022 on 2 Ejari contracts, from AED 170,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 30,700 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 1 March 2024.

Questions about 214, Elite Downtown Residence

What did unit 214 last sell for?

AED 1,970,000 on 4 March 2022, sold by the developer: AED 1,119 per sqft for 1,760 sqft. It is the only registered sale of the unit.

What is the rent for unit 214?

AED 165,000 a year on the contract signed on 1 March 2024. The previous contract, from November 2022, was AED 170,000.

How big is unit 214?

1,760 sqft (163.5 sqm): a two-bedroom apartment on the 2nd floor of a 23-storey tower completed in 2022.

What is unit 214 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 214, Elite Downtown Residence

Starts from the last sale price (AED 1.97M, 4 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,970,000
Deposit, UAE resident (20%)
AED 394,000
Deposit, non-resident (40%)
AED 788,000
Monthly over 25 years at 3.7%
AED 8,060

Plus AED 87,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →