316, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in October 2022, 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 316, Elite Downtown Residence
What is 316 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 3rd of 23
- Parking
- B-67
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 3.37M · October 2022
- Building
- Elite Downtown Residence
About 316, Elite Downtown Residence
316 is a two-bedroom apartment of 1,628 sqft on the 3rd floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 13 October 2022 for AED 3,370,000, or AED 2,070 per sqft, 23% above the AED 1,679 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 316 over time
316 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 316 sits
All 68 2-beds →316 last sold in October 2022 at AED 2,070 per sqft, 23% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,679). 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. 8 sold in the last 12 months.
- Typical price per sqft
- AED 2,321
- Typical sale
- AED 1.23M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 3rd floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 821 sqft | AED 1.28MAED 1,283,100 · Jul 2022July 2022 | ||
| 302 | 1-bed | 806 sqft | AED 2.27MAED 2,274,840 · Sep 2023September 2023 | 125,000 /yr | |
| 303 | Studio | 495 sqft | AED 1.16MAED 1,159,150 · Mar 2022March 2022 | ||
| 304 | 3-bed | 124 sqft | AED 3.6MAED 3,600,000 · Jul 2023July 2023 | 230,000 /yr | |
| 305 | 2-bed | 1,363 sqft | AED 2.35MAED 2,350,000 · Oct 2023October 2023 | ||
| 306 | Studio | 536 sqft | AED 995KAED 995,000 · Jun 2022June 2022 | ||
| 307 | Studio | 531 sqft | AED 818KAED 817,800 · Jun 2022June 2022 | 75,000 /yr | |
| 308 | Studio | 516 sqft | AED 875KAED 875,000 · Jun 2022June 2022 | 65,000 /yr | |
| 309 | 1-bed | 1,002 sqft | AED 1.51MAED 1,506,600 · Jun 2022June 2022 | 105,000 /yr | |
| 310 | 1-bed | 1,003 sqft | AED 1.66MAED 1,660,000 · Dec 2024December 2024 | 125,000 /yr | |
| 311 | Studio | 524 sqft | AED 875KAED 875,000 · Jun 2022June 2022 | 76,000 /yr | |
| 312 | Studio | 531 sqft | AED 910KAED 910,000 · Mar 2022March 2022 | 64,826 /yr | |
| 313 | Studio | 541 sqft | AED 1.29MAED 1,290,000 · May 2023May 2023 | 75,000 /yr | |
| 314 | 2-bed | 1,760 sqft | AED 2.52MAED 2,523,000 · Sep 2022September 2022 | ||
| 315 | Studio | 433 sqft | AED 1.05MAED 1,051,600 · Sep 2022September 2022 | ||
| 317 | Studio | 524 sqft | AED 903KAED 902,500 · Apr 2022April 2022 | 72,000 /yr | |
| 318 | 1-bed | 807 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 99,750 /yr | |
| 319 | 1-bed | 807 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | 95,700 /yr | |
| 320 | Studio | 526 sqft | AED 816KAED 816,000 · Jul 2022July 2022 |
316, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 October 2022 for AED 3,370,000, or AED 2,070 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 2,321 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2022.
Questions about 316, Elite Downtown Residence
What did unit 316 last sell for?
AED 3,370,000 on 13 October 2022, sold by the developer: AED 2,070 per sqft for 1,628 sqft. It is the only registered sale of the unit.
How big is unit 316?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 3rd floor of a 23-storey tower completed in 2022.
What is unit 316 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 316, Elite Downtown Residence
Starts from the last sale price (AED 3.37M, 13 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,370,000
- Deposit, UAE resident (20%)
- AED 674,000
- Deposit, non-resident (40%)
- AED 1,348,000
- Monthly over 25 years at 3.7%
- AED 13,788
Plus AED 146,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →